Fair Fund | Jotup

U.S. Securities and Exchange Commission Establishes Momentus Stable Road Fair Fund

Retrieved on:

Friday, April 5, 2024

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The purpose of this Plan Notice is to inform you that you may be eligible to share in the proceeds of the Momentus Stable Road Fair Fund described herein.

Key Points:

The purpose of this Plan Notice is to inform you that you may be eligible to share in the proceeds of the Momentus Stable Road Fair Fund described herein.
To be potentially eligible to share in the Momentus Stable Road Fair Fund, you must file a Claim Form in accordance with the steps set forth in this Plan Notice and in the Plan of Distribution (the "Plan") approved by the Securities and Exchange Commission ("SEC" or "Commission").
To qualify for a payment from the Momentus Stable Road Fair Fund, you must satisfy certain eligibility criteria that are described in detail in the Plan.
Additional Claim Forms and Plan Notices may also be downloaded at the Momentus Stable Road Fair Fund's website.

NexPoint Comments on United Development Funding (UDF IV) Bylaw Change and Litigation

Retrieved on:

Thursday, February 8, 2024

Fraud, The Company, NAV, Empowerment, Plague, UDF, Annual general meeting, Fair Fund, Security (finance)

DALLAS, Feb. 8, 2024 /PRNewswire/ -- NexPoint Advisors, L.P., (together with its affiliates "NexPoint"), a Dallas-based alternative investment firm, today commented on recent corporate bylaw amendments enacted by United Development Funding IV ("UDF IV" or the "Company"), a real estate investment trust in which NexPoint is a significant shareholder, and on ongoing litigation between the parties. The changes to UDF IV's bylaws include the removal of indefensible restrictions that the Board of Trustees previously enacted, which limited the ability of shareholders to propose nominees to the Board.

Key Points:

The latest example of shareholder mistreatment arises from the 2018 SEC settlement with certain executives of UDF IV's external advisor, including Hollis Greenlaw.
The amount was to be deposited into a "Fair Fund" and distributed to investors who owned shares between 2011-2015.
The eligible shareholders who recently received their Fair Fund distributions mistakenly believe these funds were disgorged by the advisor's executives.
NexPoint continues to seek recovery of these and other improper indemnification payments through litigation in Texas.

BP Fair Fund to Compensate Certain Investors in BP plc Ordinary Shares

Retrieved on:

Tuesday, January 23, 2024

The Plan, London Stock Exchange, Documentation, Fair Fund, Plan, Court, Gulf of Mexico, BP

WASHINGTON, Jan. 23, 2024 /PRNewswire/ -- RCB Fund Services LLC, the Distribution Agent for the BP plc ("BP") Fair Fund (the "BP Fair Fund"), announces the opening of the claims process for the BP Fair Fund for Ordinary Shareholders.

Key Points:

WASHINGTON, Jan. 23, 2024 /PRNewswire/ -- RCB Fund Services LLC, the Distribution Agent for the BP plc ("BP") Fair Fund (the "BP Fair Fund"), announces the opening of the claims process for the BP Fair Fund for Ordinary Shareholders.
Any person or entity that purchased BP ordinary shares on the London Stock Exchange, the Frankfurt Börse, or another exchange outside the United States between April 26, 2010, and May 26, 2010, may be eligible for compensation from the BP Fair Fund subject to certain other eligibility limitations described in the Plan.
BP Ordinary Shares – ISIN: GB0007980591
The amount of compensation will be determined in accordance with the Plan and will vary based on the dates of transactions in BP ordinary shares, the number of BP ordinary shares purchased and/or sold, and the total dollar value of eligible claims submitted to the BP Fair Fund.
The easiest way to participate is to file a claim online through the BP Fair Fund website: bpfairfund.com .

Health Insurance Innovations, Inc. Fair Fund Established by the Securities & Exchange Commission ("Commission")--Summary Notice of Distribution

Retrieved on:

Monday, January 22, 2024

Notice, Commission, FAIR, DEADLINE, YOU, Documentation, Fair Fund, PLAN, ALSO, Fund, FIRM, Plan, MUST, SIGN, Health Insurance Innovations, Security (finance), FUND, Life insurance

You may be eligible for a Distribution Payment from the Fair Fund.

Key Points:

You may be eligible for a Distribution Payment from the Fair Fund.
A Fair Fund has been established in the Securities and Exchange Commission administration proceeding set forth at the top of this Notice.
To qualify for a payment from the Fair Fund, you must satisfy certain eligibility criteria that are described in detail in the Plan.
The Plan is available on the Fair Fund website at www.HealthInsuranceInnovationsFairFund.com and on the Commission's public website at https://www.sec.gov/files/litigation/admin/2023/34-98936-dp.pdf .

Distribution Plan of the Health Insurance Innovations, Inc. Fair Fund Announced by the Securities & Exchange Commission ("Commission")

Retrieved on:

Monday, January 15, 2024

Notice, Commission, FAIR, DEADLINE, YOU, Documentation, Fair Fund, PLAN, ALSO, Fund, FIRM, Plan, MUST, SIGN, Health Insurance Innovations, Security (finance), FUND

You may be eligible for a Distribution Payment from the Fair Fund.

Key Points:

You may be eligible for a Distribution Payment from the Fair Fund.
A Fair Fund has been established in the Securities and Exchange Commission administration proceeding set forth at the top of this Notice.
To qualify for a payment from the Fair Fund, you must satisfy certain eligibility criteria that are described in detail in the Plan.
The Plan is available on the Fair Fund website at www.HealthInsuranceInnovationsFairFund.com and on the Commission's public website at https://www.sec.gov/files/litigation/admin/2023/34-98936-dp.pdf .

BP Fair Fund to Compensate Certain Investors in BP plc Ordinary Shares

Retrieved on:

Tuesday, October 24, 2023

Documentation, London, BP, Fair Fund, ISIN, Gulf of Mexico, London Stock Exchange, Court, The Plan, Plan

WASHINGTON, Oct. 24, 2023 /PRNewswire/ -- RCB Fund Services LLC, the Distribution Agent for the BP plc ("BP") Fair Fund (the "BP Fair Fund"), announces the opening of the claims process for the BP Fair Fund for Ordinary Shareholders.

Key Points:

WASHINGTON, Oct. 24, 2023 /PRNewswire/ -- RCB Fund Services LLC, the Distribution Agent for the BP plc ("BP") Fair Fund (the "BP Fair Fund"), announces the opening of the claims process for the BP Fair Fund for Ordinary Shareholders.
Any person or entity that purchased BP ordinary shares on the London Stock Exchange, the Frankfurt Börse, or another exchange outside the United States between April 26, 2010, and May 26, 2010, may be eligible for compensation from the BP Fair Fund subject to certain other eligibility limitations described in the Plan.
BP Ordinary Shares – ISIN: GB0007980591
The amount of compensation will be determined in accordance with the Plan and will vary based on the dates of transactions in BP ordinary shares, the number of BP ordinary shares purchased and/or sold, and the total dollar value of eligible claims submitted to the BP Fair Fund.
The easiest way to participate is to file a claim online through the BP Fair Fund website: bpfairfund.com .

SEC Charges Creator of Stoner Cats Web Series for Unregistered Offering of NFTs

Retrieved on:

Wednesday, September 13, 2023

Crypto, Home Office, Fair Fund, Marketing, SC2, Associate, Cat, Non-fungible token, Home, Security (finance), Cryptocurrency

“Regardless of whether your offering involves beavers, chinchillas or animal-based NFTs, under the federal securities laws, it’s the economic reality of the offering – not the labels you put on it or the underlying objects – that guides the determination of what’s an investment contract and therefore a security,” said Gurbir S. Grewal, Director of the SEC’s Division of Enforcement. “Here, the SEC’s order finds that Stoner Cats marketed its knowledge of crypto projects, touted that the price of their NFTs could increase and took other steps that led investors to believe they would profit from selling the NFTs in the secondary market. It’s therefore hardly surprising, as the order finds, that Stoner Cats sold its entire supply of NFTs in just 35 minutes, generating proceeds of over $8 million, most of which were then resold – not held as collectibles -- in the secondary market within months.”

Key Points:

Washington, D.C.--(Newsfile Corp. - September 13, 2023) - The Securities and Exchange Commission today charged Stoner Cats 2 LLC (SC2) with conducting an unregistered offering of crypto asset securities in the form of purported non-fungible tokens (NFTs) that raised approximately $8 million from investors to finance an animated web series called Stoner Cats.
According to the SEC order, on July 27, 2021, SC2 offered and sold to investors more than 10,000 NFTs for approximately $800 each, selling out in 35 minutes.
The order finds that both before and after Stoner Cats NFTs were sold to the public, SC2’s marketing campaign highlighted specific benefits of owning them, including the option for owners to resell their NFTs on the secondary market.
According to the SEC’s order, SC2 violated the Securities Act of 1933 by offering and selling these crypto asset securities to the public in an unregistered offering that was not exempt from registration.

SEC Charges LA-Based Media and Entertainment Co. Impact Theory for Unregistered Offering of NFTs

Retrieved on:

Monday, August 28, 2023

Crypto, Fair Fund, The Walt Disney Company, Joint Sigint Cyber Unit, Non-fungible token, Division, Security (finance), Impact, Enforcement, Cryptocurrency

Washington, D.C.--(Newsfile Corp. - August 28, 2023) - The Securities and Exchange Commission today charged Impact Theory, LLC, a media and entertainment company headquartered in Los Angeles, with conducting an unregistered offering of crypto asset securities in the form of purported non-fungible tokens (NFTs).

Key Points:

Washington, D.C.--(Newsfile Corp. - August 28, 2023) - The Securities and Exchange Commission today charged Impact Theory, LLC, a media and entertainment company headquartered in Los Angeles, with conducting an unregistered offering of crypto asset securities in the form of purported non-fungible tokens (NFTs).
Impact Theory raised approximately $30 million from hundreds of investors, including investors across the United States, through the offering.
Among other things, Impact Theory emphasized that it was “trying to build the next Disney,” and, if successful, it would deliver “tremendous value” to Founder’s Key purchasers.
Accordingly, Impact Theory violated the federal securities laws by offering and selling these crypto asset securities to the public in an unregistered offering that was not otherwise exempt from registration.

Notice of Approved Distribution Plan in the Matter of MagnaChip Semiconductor Corporation, and Margaret Hye-Ryoung Sakai, CPA, Admin. Proc. File No. 3-17956

Retrieved on:

Tuesday, August 8, 2023

Please carefully read the notice below for important information regarding this distribution.

Key Points:

Please carefully read the notice below for important information regarding this distribution.
The Order required the Respondents to pay $3,134,999.99 in civil money penalties to the Commission so it can be distributed to harmed investors.
Additional information regarding the MagnaChip Fair Fund, including the Distribution Plan and related documents are available on the Fund Administrator’s website, www.strategicclaims.net/secvmagnachip .
If you have a question regarding the MagnaChip Fair Fund, the Distribution Plan, or your eligibility for a distribution under the Distribution Plan that is not answered on the website, please contact the Fund Administrator at:

Securities & Exchange Commission Approves the Plan of Distribution for the RBS Securities Fair Fund

Retrieved on:

Tuesday, July 4, 2023

The purpose of this Notice is to inform you that you may be entitled to share in the proceeds of the Fair Fund described herein.

Key Points:

The purpose of this Notice is to inform you that you may be entitled to share in the proceeds of the Fair Fund described herein.
To be potentially eligible to share in the Fair Fund, you must file a Proof of Claim Form in accordance with the steps set forth in this Notice and in the Distribution Plan (the "Plan") approved by the Securities and Exchange Commission ("SEC" or the "Commission").
On November 7, 2013, the SEC brought suit against Defendant RBS Securities Inc. ("RBS" or "Defendant"), formerly known as Greenwich Capital Markets, Inc.
You may obtain additional information or request copies of forms and notices by calling the RBS Securities Inc. Fair Fund's toll-free hotline at (877) 940-1507 in the United States, or by email at [email protected] .