SEC Press Releases https://companiesbio.com/lib/images/banner.png https://companiesbio.com Mon, 20 Apr 2026 04:29:56 +0700 CompaniesBIO.Com http://companiesbio.com/feed/category/slug/sec-press-releasesThe Securities and Exchange Commission has adopted new rules to improve the governance of all registered clearing agencies by reducing the likelihood that conflicts of interest may influence their boards of directors or equivalent governing bodies. “I am pleased to support this adoption because it...Fri, 17 Nov 2023 01:19:05 +0700https://companiesbio.com/sec-adopts-rules-to-improve-clearing-agency-governance-and-mitigate-conflicts-of-interest-CBIO3106.htmlhttps://companiesbio.com/sec-adopts-rules-to-improve-clearing-agency-governance-and-mitigate-conflicts-of-interest-CBIO3106.html882The Securities and Exchange Commission today announced settled charges against Charter Communications Inc. for violating internal accounting controls requirements when it engaged in stock buybacks not authorized by its board of directors. According to the SEC’s order, Charter’s board authorized...Wed, 15 Nov 2023 04:19:05 +0700https://companiesbio.com/charter-communications-to-pay-25-million-penalty-for-unauthorized-stock-buybacks-CBIO3105.htmlhttps://companiesbio.com/charter-communications-to-pay-25-million-penalty-for-unauthorized-stock-buybacks-CBIO3105.html286The Securities and Exchange Commission today announced that it filed 784 total enforcement actions in fiscal year 2023, a 3 percent increase over fiscal year 2022, including 501 original, or “stand-alone,” enforcement actions, an 8 percent increase over the prior fiscal year. The SEC also filed 162...Wed, 15 Nov 2023 03:19:13 +0700https://companiesbio.com/sec-announces-enforcement-results-for-fiscal-year-2023-CBIO3104.htmlhttps://companiesbio.com/sec-announces-enforcement-results-for-fiscal-year-2023-CBIO3104.html323The Securities and Exchange Commission today announced charges against Jake Soberal and Irma Olguin, Jr., the former co-CEOs of Fresno, California-based private technology services startup Bitwise Industries Inc., for misleading investors about the company’s finances. Soberal and Olguin have agreed...Fri, 10 Nov 2023 01:57:11 +0700https://companiesbio.com/sec-charges-former-co-ceos-of-tech-start-up-bitwise-industries-for-falsifying-documents-while-raising-70-million-from-investors-CBIO3103.htmlhttps://companiesbio.com/sec-charges-former-co-ceos-of-tech-start-up-bitwise-industries-for-falsifying-documents-while-raising-70-million-from-investors-CBIO3103.html65The Securities and Exchange Commission today announced that Canada’s largest bank, Royal Bank of Canada, will pay a $6 million penalty to settle charges that it violated the books and records and internal accounting controls provisions of the securities laws relating to its accounting for its costs...Fri, 03 Nov 2023 03:19:12 +0700https://companiesbio.com/sec-charges-royal-bank-of-canada-with-internal-accounting-controls-violations-CBIO3102.htmlhttps://companiesbio.com/sec-charges-royal-bank-of-canada-with-internal-accounting-controls-violations-CBIO3102.html682The Securities and Exchange Commission today charged John Hughes, president and chief compliance officer of registered investment adviser Prophecy Asset Management LP, for his involvement in a multi-year fraud that concealed losses of hundreds of millions of dollars from investors. Prophecy Asset Management...Fri, 03 Nov 2023 02:57:12 +0700https://companiesbio.com/sec-charges-president-cco-of-prophecy-asset-management-advisory-firm-with-multi-year-fraud-CBIO3101.htmlhttps://companiesbio.com/sec-charges-president-cco-of-prophecy-asset-management-advisory-firm-with-multi-year-fraud-CBIO3101.html69The Securities and Exchange Commission today adopted new Regulation SE under the Securities Exchange Act of 1934 to create a regime for the registration and regulation of security-based swap execution facilities (SBSEFs). The new regulatory framework was required under Title VII of the Dodd-Frank...Thu, 02 Nov 2023 21:38:05 +0700https://companiesbio.com/sec-adopts-rules-for-the-registration-and-regulation-of-security-based-swap-execution-facilities-CBIO3100.htmlhttps://companiesbio.com/sec-adopts-rules-for-the-registration-and-regulation-of-security-based-swap-execution-facilities-CBIO3100.html223The Securities and Exchange Commission today charged SafeMoon LLC, its creator Kyle Nagy, SafeMoon US LLC, and the companies’ Chief Executive Officer, John Karony, and Chief Technology Officer, Thomas Smith, for perpetrating a massive fraudulent scheme through the unregistered sale of the crypto asset...Wed, 01 Nov 2023 23:57:05 +0700https://companiesbio.com/sec-charges-crypto-company-safemoon-and-its-executive-team-for-fraud-and-unregistered-offering-of-crypto-securities-CBIO3099.htmlhttps://companiesbio.com/sec-charges-crypto-company-safemoon-and-its-executive-team-for-fraud-and-unregistered-offering-of-crypto-securities-CBIO3099.html392The Securities and Exchange Commission today announced fraud charges against Eduardo Hernandez, Christopher Flagg, Daquan Lloyd, and Corey Ortiz, all currently or formerly of Long Island, New York, for perpetrating a multi-year “free-riding” scheme that generated more than $2 million in illicit profits. The...Wed, 01 Nov 2023 00:57:06 +0700https://companiesbio.com/sec-charges-four-long-island-men-with-perpetrating-2-million-free-riding-scheme-CBIO3098.htmlhttps://companiesbio.com/sec-charges-four-long-island-men-with-perpetrating-2-million-free-riding-scheme-CBIO3098.html502The Securities and Exchange Commission today announced charges against Austin, Texas-based software company SolarWinds Corporation and its chief information security officer, Timothy G. Brown, for fraud and internal control failures relating to allegedly known cybersecurity risks and vulnerabilities....Tue, 31 Oct 2023 03:38:10 +0700https://companiesbio.com/sec-charges-solarwinds-and-chief-information-security-officer-with-fraud-internal-control-failures-CBIO3097.htmlhttps://companiesbio.com/sec-charges-solarwinds-and-chief-information-security-officer-with-fraud-internal-control-failures-CBIO3097.html867The Securities and Exchange Commission today charged BlackRock Advisors, LLC, an investment adviser, for failing to accurately describe investments in the entertainment industry that comprised a significant portion of a publicly traded fund it advised. To settle the charges, BlackRock agreed to pay a...Wed, 25 Oct 2023 03:19:05 +0700https://companiesbio.com/sec-charges-blackrock-with-failing-to-properly-disclose-investments-by-publicly-traded-fund-it-advised-CBIO3096.htmlhttps://companiesbio.com/sec-charges-blackrock-with-failing-to-properly-disclose-investments-by-publicly-traded-fund-it-advised-CBIO3096.html347The Securities and Exchange Commission today proposed a new rule that would prohibit national securities exchanges from offering volume-based transaction pricing in connection with the execution of agency or riskless principal (“agency-related”) orders in NMS stocks. The proposal also would require...Wed, 18 Oct 2023 22:19:13 +0700https://companiesbio.com/sec-proposes-rule-to-address-volume-based-exchange-transaction-pricing-for-nms-stocks-CBIO3078.htmlhttps://companiesbio.com/sec-proposes-rule-to-address-volume-based-exchange-transaction-pricing-for-nms-stocks-CBIO3078.html674Senior officials from the Securities and Exchange Commission, Federal Deposit Insurance Corporation, Commodity Futures Trading Commission, Federal Reserve Board, and Bank of England convened a hybrid meeting today to discuss certain issues relating to the resolution of a central counterparty (CCP). This...Wed, 18 Oct 2023 04:19:16 +0700https://companiesbio.com/joint-readout-of-principals-meeting-of-u-s-and-uk-authorities-regarding-central-counterparty-resolution-CBIO3074.htmlhttps://companiesbio.com/joint-readout-of-principals-meeting-of-u-s-and-uk-authorities-regarding-central-counterparty-resolution-CBIO3074.html165The Securities and Exchange Commission today announced that it obtained a temporary restraining order, asset freeze, and other emergency relief to halt an ongoing fraud targeting the Indian American community that has raised nearly $130 million since April 2021. The fraud is allegedly being conducted...Tue, 17 Oct 2023 01:57:07 +0700https://companiesbio.com/sec-obtains-emergency-relief-to-halt-nearly-130-million-fraud-targeting-indian-american-community-CBIO3070.htmlhttps://companiesbio.com/sec-obtains-emergency-relief-to-halt-nearly-130-million-fraud-targeting-indian-american-community-CBIO3070.html768The Securities and Exchange Commission’s Division of Examinations today released its 2024 examination priorities to inform investors and registrants of the key risks, examination topics, and priorities that the Division plans to focus on in the upcoming year. This year’s examinations will prioritize...Mon, 16 Oct 2023 22:00:15 +0700https://companiesbio.com/sec-division-of-examinations-announces-2024-priorities-CBIO3069.htmlhttps://companiesbio.com/sec-division-of-examinations-announces-2024-priorities-CBIO3069.html632The Securities and Exchange Commission today adopted new Rule 13f-2 to provide greater transparency to investors and other market participants by increasing the public availability of short sale related data. Congress directed the SEC in Section 929X of the Dodd-Frank Act of 2010 to promulgate rules...Fri, 13 Oct 2023 23:19:12 +0700https://companiesbio.com/sec-adopts-rule-to-increase-transparency-into-short-selling-and-amendment-to-cat-nms-plan-for-purposes-of-short-sale-data-collection-CBIO3063.htmlhttps://companiesbio.com/sec-adopts-rule-to-increase-transparency-into-short-selling-and-amendment-to-cat-nms-plan-for-purposes-of-short-sale-data-collection-CBIO3063.html851The Securities and Exchange Commission today adopted new Rule 10c-1a, which will require certain persons to report information about securities loans to a registered national securities association (RNSA) and require RNSAs to make publicly available certain information that they receive regarding those...Fri, 13 Oct 2023 22:19:13 +0700https://companiesbio.com/sec-adopts-rule-to-increase-transparency-in-the-securities-lending-market-CBIO3060.htmlhttps://companiesbio.com/sec-adopts-rule-to-increase-transparency-in-the-securities-lending-market-CBIO3060.html742The Securities and Exchange Commission today adopted rule amendments governing beneficial ownership reporting under Sections 13(d) and 13(g) of the Securities Exchange Act of 1934. The amendments update Regulation 13D-G to require market participants to provide more timely information on their positions...Wed, 11 Oct 2023 00:38:05 +0700https://companiesbio.com/sec-adopts-amendments-to-rules-governing-beneficial-ownership-reporting-CBIO3050.htmlhttps://companiesbio.com/sec-adopts-amendments-to-rules-governing-beneficial-ownership-reporting-CBIO3050.html378The Securities and Exchange Commission today announced the appointment of Stephanie Allen as Director of Media Relations and Speechwriting, effective Oct. 1, 2023. Ms. Allen has served as Director of Speechwriting and Senior Adviser to the Chair since March 2023, and she replaces Aisha Johnson, who recently...Thu, 05 Oct 2023 02:57:12 +0700https://companiesbio.com/sec-names-stephanie-allen-as-director-of-media-relations-and-speechwriting-CBIO3033.htmlhttps://companiesbio.com/sec-names-stephanie-allen-as-director-of-media-relations-and-speechwriting-CBIO3033.html213The Securities and Exchange Commission today announced it will highlight the importance of investor education and protection during World Investor Week (WIW) 2023, which takes place October 2-8. Arising technologies and new digital tools are making it easier and quicker to invest. Taking time to do due...Mon, 02 Oct 2023 22:19:06 +0700https://companiesbio.com/sec-spotlights-due-diligence-during-world-investor-week-2023-CBIO3025.htmlhttps://companiesbio.com/sec-spotlights-due-diligence-during-world-investor-week-2023-CBIO3025.html57The Securities and Exchange Commission, Municipal Securities Rulemaking Board (MSRB), and Financial Industry Regulatory Authority (FINRA) today announced that registration is open for a virtual Compliance Outreach Program for municipal market professionals. The free webcast is open to the public and...Sat, 30 Sep 2023 02:00:20 +0700https://companiesbio.com/sec-msrb-finra-to-hold-virtual-compliance-outreach-program-CBIO3017.htmlhttps://companiesbio.com/sec-msrb-finra-to-hold-virtual-compliance-outreach-program-CBIO3017.html932The Securities and Exchange Commission today proposed tailored disclosure requirements and offering processes for offerings of registered index-linked annuities (RILAs). The amendments would highlight key information about RILAs, allow insurance companies to conduct RILA offerings in the same way they...Sat, 30 Sep 2023 00:57:05 +0700https://companiesbio.com/sec-proposes-tailored-registration-form-for-offerings-of-registered-index-linked-annuities-CBIO3016.htmlhttps://companiesbio.com/sec-proposes-tailored-registration-form-for-offerings-of-registered-index-linked-annuities-CBIO3016.html604The Securities and Exchange Commission today announced charges against accounting firm Prager Metis CPAs, LLC and its California professional services firm, Prager Metis CPAs LLP, (together, Prager) for violating auditor independence rules and for aiding and abetting their clients’ violations of federal...Fri, 29 Sep 2023 22:38:18 +0700https://companiesbio.com/sec-charges-international-accounting-firm-prager-metis-with-hundreds-of-auditor-independence-violations-CBIO3015.htmlhttps://companiesbio.com/sec-charges-international-accounting-firm-prager-metis-with-hundreds-of-auditor-independence-violations-CBIO3015.html122The Securities and Exchange Commission today announced settled charges against New York-based registered investment adviser D. E. Shaw & Co., L.P. for raising impediments to whistleblowing by requiring employees to sign agreements prohibiting the disclosure of confidential corporate information to...Fri, 29 Sep 2023 21:38:05 +0700https://companiesbio.com/sec-charges-d-e-shaw-with-violating-whistleblower-protection-rule-CBIO3013.htmlhttps://companiesbio.com/sec-charges-d-e-shaw-with-violating-whistleblower-protection-rule-CBIO3013.html194The Securities and Exchange Commission today announced charges against credit rating agencies DBRS Inc. and Kroll Bond Rating Agency, LLC (KBRA) for longstanding failures to preserve electronic records, including off-channel communications on personal and work-issued devices. Additionally, the SEC charged...Fri, 29 Sep 2023 20:38:10 +0700https://companiesbio.com/sec-charges-two-credit-rating-agencies-dbrs-and-kbra-with-longstanding-recordkeeping-failures-CBIO3012.htmlhttps://companiesbio.com/sec-charges-two-credit-rating-agencies-dbrs-and-kbra-with-longstanding-recordkeeping-failures-CBIO3012.html415The Securities and Exchange Commission today announced charges against credit rating agencies DBRS Inc. and Kroll Bond Rating Agency, LLC (KBRA) for longstanding failures to preserve electronic records, including off-channel communications on personal and work-issued devices. Additionally, the SEC charged...Fri, 29 Sep 2023 20:19:05 +0700https://companiesbio.com/sec-charges-two-credit-rating-agencies-dbrs-and-kbra-with-longstanding-recordkeeping-failures-CBIO3011.htmlhttps://companiesbio.com/sec-charges-two-credit-rating-agencies-dbrs-and-kbra-with-longstanding-recordkeeping-failures-CBIO3011.html818The Securities and Exchange Commission today announced charges against five broker-dealers, three dually registered broker-dealers and investment advisers, and two affiliated investment advisers for widespread and longstanding failures to maintain and preserve electronic communications. The firms admitted...Fri, 29 Sep 2023 20:19:05 +0700https://companiesbio.com/sec-charges-10-firms-with-widespread-recordkeeping-failures-CBIO3010.htmlhttps://companiesbio.com/sec-charges-10-firms-with-widespread-recordkeeping-failures-CBIO3010.html208The Securities and Exchange Commission today charged Newell Brands Inc., a Georgia-based consumer products company and its former CEO, Michael Polk, with misleading investors about Newell’s core sales growth, a non-GAAP (Generally Accepted Accounting Principles) financial measure the company used to...Fri, 29 Sep 2023 19:38:10 +0700https://companiesbio.com/sec-charges-newell-brands-and-former-ceo-for-misleading-investors-about-sales-performance-CBIO3009.htmlhttps://companiesbio.com/sec-charges-newell-brands-and-former-ceo-for-misleading-investors-about-sales-performance-CBIO3009.html39The Securities and Exchange Commission today announced that Charlotte-based Albemarle Corporation, a global specialty chemicals company, agreed to pay more than $103.6 million to settle the SEC’s charges that it violated the anti-bribery, recordkeeping, and internal accounting controls provisions of...Fri, 29 Sep 2023 19:00:06 +0700https://companiesbio.com/albemarle-corp-to-pay-sec-more-than-103-million-to-settle-fcpa-violations-CBIO3008.htmlhttps://companiesbio.com/albemarle-corp-to-pay-sec-more-than-103-million-to-settle-fcpa-violations-CBIO3008.html449The Securities and Exchange Commission today charged Denver-based Spruce Power Holding Corporation, the successor to XL Fleet Corp., for misleading investors about revenue projections that topped $1 billion within three years of going public. XL Fleet, which provided hybrid electric vehicle systems for...Fri, 29 Sep 2023 05:57:18 +0700https://companiesbio.com/sec-charges-electric-vehicle-co-for-misleading-revenue-projections-ahead-of-spac-merger-CBIO3007.htmlhttps://companiesbio.com/sec-charges-electric-vehicle-co-for-misleading-revenue-projections-ahead-of-spac-merger-CBIO3007.html942The Securities and Exchange Commission today charged Exelon Corporation, electric utility company Commonwealth Edison Company (ComEd), which is Exelon’s subsidiary, and former ComEd CEO Anne Pramaggiore with fraud in connection with a multi-year scheme to corruptly influence and reward then-Speaker...Fri, 29 Sep 2023 04:19:18 +0700https://companiesbio.com/sec-charges-exelon-its-subsidiary-commonwealth-edison-and-subsidiary-s-former-ceo-anne-pramaggiore-with-fraud-in-connection-with-political-corruption-scheme-CBIO3006.htmlhttps://companiesbio.com/sec-charges-exelon-its-subsidiary-commonwealth-edison-and-subsidiary-s-former-ceo-anne-pramaggiore-with-fraud-in-connection-with-political-corruption-scheme-CBIO3006.html545The Securities and Exchange Commission today announced that Clear Channel Outdoor Holdings Inc. agreed to pay more than $26 million to resolve charges that it bribed Chinese government officials to obtain outdoor advertising contracts in violation of the Foreign Corrupt Practices Act (FCPA). The SEC’s...Fri, 29 Sep 2023 03:38:13 +0700https://companiesbio.com/sec-charges-clear-channel-outdoor-with-fcpa-violations-relating-to-china-subsidiary-CBIO3003.htmlhttps://companiesbio.com/sec-charges-clear-channel-outdoor-with-fcpa-violations-relating-to-china-subsidiary-CBIO3003.html844The Securities and Exchange Commission today announced charges against the former Chief Financial Officer, Edward O’Donnell, and the former Chief Commercial Officer, Victor Bozzo, of New York-based telecommunications company Pareteum Corp. for engaging in fraudulent revenue recognition practices. The...Thu, 28 Sep 2023 21:57:05 +0700https://companiesbio.com/sec-charges-former-pareteum-executives-with-accounting-and-disclosure-fraud-CBIO3002.htmlhttps://companiesbio.com/sec-charges-former-pareteum-executives-with-accounting-and-disclosure-fraud-CBIO3002.html554The Securities and Exchange Commission today announced charges against Anthony Viggiano, a former analyst at a major investment firm and later at an international investment bank, and Christopher Salamone, Stephen A. Forlano, and Nathan Bleckley, for insider trading in advance of numerous merger and...Thu, 28 Sep 2023 21:19:13 +0700https://companiesbio.com/sec-charges-former-financial-industry-analyst-and-three-others-with-insider-trading-CBIO3001.htmlhttps://companiesbio.com/sec-charges-former-financial-industry-analyst-and-three-others-with-insider-trading-CBIO3001.html328The Securities and Exchange Commission today filed charges against siblings Marco A. Perez (aka Marc), Pedro Perez, Jr. (aka Peter), and Olivia P. Durbin for insider trading before the April 2021 announcement of an offer by storage company United Rentals Inc. to acquire General Finance Corp. The three...Thu, 28 Sep 2023 04:19:05 +0700https://companiesbio.com/sec-charges-three-southern-california-siblings-with-insider-trading-CBIO2998.htmlhttps://companiesbio.com/sec-charges-three-southern-california-siblings-with-insider-trading-CBIO2998.html902The Securities and Exchange Commission today announced the appointment of George Botic, CPA to a term as a Board Member of the Public Company Accounting Oversight Board (PCAOB). “I am pleased that George will serve on the PCAOB Board,” said SEC Chair Gary Gensler. “George will advance the PCAOB’s...Thu, 28 Sep 2023 04:00:38 +0700https://companiesbio.com/sec-appoints-george-botic-to-the-public-company-accounting-oversight-board-CBIO2997.htmlhttps://companiesbio.com/sec-appoints-george-botic-to-the-public-company-accounting-oversight-board-CBIO2997.html220The Securities and Exchange Commission today announced charges against six officers, directors, and major shareholders of public companies for failing to timely report information about their holdings and transactions in company stock. Five publicly-traded companies were also charged for contributing...Wed, 27 Sep 2023 20:00:05 +0700https://companiesbio.com/sec-charges-corporate-insiders-for-failing-to-timely-report-transactions-and-holdings-CBIO2993.htmlhttps://companiesbio.com/sec-charges-corporate-insiders-for-failing-to-timely-report-transactions-and-holdings-CBIO2993.html27The Securities and Exchange Commission today announced settled fraud charges against Hyzon Motors Inc., an upstate New York-based company that builds hydrogen fuel cell electric vehicles (FCEVs), for misleading investors about its business relationships and vehicle sales before and after a July 2021...Wed, 27 Sep 2023 04:00:15 +0700https://companiesbio.com/sec-charges-hydrogen-vehicle-co-hyzon-motors-and-two-former-executives-for-misleading-investors-CBIO2991.htmlhttps://companiesbio.com/sec-charges-hydrogen-vehicle-co-hyzon-motors-and-two-former-executives-for-misleading-investors-CBIO2991.html953The Securities and Exchange Commission today announced that Concord, California-based registered investment adviser AssetMark Inc. has agreed to pay more than $18 million to settle charges related to undisclosed conflicts of interest involving a cash sweep program operated by its affiliated custodian...Wed, 27 Sep 2023 03:19:05 +0700https://companiesbio.com/sec-charges-california-advisory-firm-assetmark-for-failing-to-disclose-multiple-financial-conflicts-CBIO2989.htmlhttps://companiesbio.com/sec-charges-california-advisory-firm-assetmark-for-failing-to-disclose-multiple-financial-conflicts-CBIO2989.html950The Securities and Exchange Commission today released a report to Congress summarizing policy recommendations made during the 42nd Annual Government-Business Forum on Small Business Capital Formation. The report provides a summary of the forum proceedings, including the recommendations developed by participants...Tue, 26 Sep 2023 22:57:08 +0700https://companiesbio.com/new-report-from-the-small-business-forum-includes-recommendations-to-improve-capital-raising-CBIO2985.htmlhttps://companiesbio.com/new-report-from-the-small-business-forum-includes-recommendations-to-improve-capital-raising-CBIO2985.html492The Securities and Exchange Commission today announced that New York-based Bruderman Asset Management LLC (BAM) and its principal, Matthew J. Bruderman, agreed to settle charges related to their failure to disclose the misuse of proceeds raised from investment advisory clients and to the firm’s failure...Tue, 26 Sep 2023 21:00:12 +0700https://companiesbio.com/sec-charges-advisory-firm-bruderman-asset-management-and-its-principal-for-failing-to-disclose-misuse-of-investment-funds-CBIO2982.htmlhttps://companiesbio.com/sec-charges-advisory-firm-bruderman-asset-management-and-its-principal-for-failing-to-disclose-misuse-of-investment-funds-CBIO2982.html549The Securities and Exchange Commission today charged Matthew Motil, host of the podcast, “The Cash Flow King,” for fraudulently raising approximately $11 million from more than 50 investors in a Ponzi scheme involving notes that were purportedly backed by residential properties. According to the...Mon, 25 Sep 2023 23:38:07 +0700https://companiesbio.com/sec-charges-cash-flow-king-podcast-host-with-perpetrating-11-million-ponzi-scheme-CBIO2979.htmlhttps://companiesbio.com/sec-charges-cash-flow-king-podcast-host-with-perpetrating-11-million-ponzi-scheme-CBIO2979.html343The Securities and Exchange Commission today charged GTT Communications, Inc. with failing to disclose material information about unsupported adjustments the company made in several Commission filings, which increased GTT’s reported operating income by at least 15 percent in three quarters from 2019...Mon, 25 Sep 2023 21:19:06 +0700https://companiesbio.com/sec-charges-gtt-communications-for-disclosure-failures-CBIO2978.htmlhttps://companiesbio.com/sec-charges-gtt-communications-for-disclosure-failures-CBIO2978.html857The Securities and Exchange Commission today charged registered investment adviser DWS Investment Management Americas Inc. (DIMA or DWS), a subsidiary of Deutsche Bank AG, in two separate enforcement actions, one addressing its failure to develop a mutual fund Anti-Money Laundering (AML) program, and...Mon, 25 Sep 2023 20:19:07 +0700https://companiesbio.com/deutsche-bank-subsidiary-dws-to-pay-25-million-for-anti-money-laundering-violations-and-misstatements-regarding-esg-investments-CBIO2976.htmlhttps://companiesbio.com/deutsche-bank-subsidiary-dws-to-pay-25-million-for-anti-money-laundering-violations-and-misstatements-regarding-esg-investments-CBIO2976.html575The Securities and Exchange Commission today announced that American Infrastructure Funds LLC (AIM), a Foster City, California-based registered investment adviser to private funds, agreed to pay more than $1.6 million to settle charges resulting from its acceleration of portfolio company monitoring fees,...Fri, 22 Sep 2023 22:00:13 +0700https://companiesbio.com/sec-charges-private-equity-fund-adviser-american-infrastructure-funds-for-breaching-its-duties-CBIO2968.htmlhttps://companiesbio.com/sec-charges-private-equity-fund-adviser-american-infrastructure-funds-for-breaching-its-duties-CBIO2968.html938The Securities and Exchange Commission today announced settled charges against broker-dealer Citadel Securities LLC for violating a provision of Regulation SHO, the regulatory framework designed to address abusive short selling practices, which requires broker-dealers to mark sale orders as long, short,...Fri, 22 Sep 2023 21:19:11 +0700https://companiesbio.com/sec-charges-citadel-securities-for-violating-order-marking-requirements-of-short-sale-regulations-CBIO2967.htmlhttps://companiesbio.com/sec-charges-citadel-securities-for-violating-order-marking-requirements-of-short-sale-regulations-CBIO2967.html131The Securities and Exchange Commission today announced settled charges against Goldman Sachs & Co. LLC for failing to provide complete and accurate securities trading information, known as blue sheet data, to the SEC. Goldman agreed to pay a $6 million penalty to resolve the SEC's charges. According...Fri, 22 Sep 2023 20:19:13 +0700https://companiesbio.com/goldman-to-pay-sec-6-million-in-penalties-for-providing-deficient-blue-sheet-data-CBIO2966.htmlhttps://companiesbio.com/goldman-to-pay-sec-6-million-in-penalties-for-providing-deficient-blue-sheet-data-CBIO2966.html327The Securities and Exchange Commission today announced charges against Mexico-based company Aras Investment Business Group S.A.P.I. de C.V., its CEO Armando Gutierrez Rosas, and four individuals for fraudulently raising at least $15 million from more than 450 retail investors in the U.S., most of whom...Thu, 21 Sep 2023 23:38:05 +0700https://companiesbio.com/sec-charges-mexico-based-company-its-ceo-and-four-individuals-in-ponzi-scheme-targeting-spanish-speaking-u-s-investors-CBIO2963.htmlhttps://companiesbio.com/sec-charges-mexico-based-company-its-ceo-and-four-individuals-in-ponzi-scheme-targeting-spanish-speaking-u-s-investors-CBIO2963.html23The Securities and Exchange Commission today approved a rule to revise the Commission’s regulations under the Privacy Act, which is the principal law governing the handling of personal information in the federal government. The final rule clarifies, updates, and streamlines the Commission’s Privacy...Thu, 21 Sep 2023 04:19:05 +0700https://companiesbio.com/sec-approves-revised-privacy-act-rule-CBIO2957.htmlhttps://companiesbio.com/sec-approves-revised-privacy-act-rule-CBIO2957.html133The Securities and Exchange Commission today adopted amendments to the Investment Company Act “Names Rule,” which addresses fund names that are likely to mislead investors about a fund’s investments and risks. The amendments modernize and enhance the Names Rule and other names-related regulatory...Thu, 21 Sep 2023 00:38:12 +0700https://companiesbio.com/sec-adopts-rule-enhancements-to-prevent-misleading-or-deceptive-investment-fund-names-CBIO2954.htmlhttps://companiesbio.com/sec-adopts-rule-enhancements-to-prevent-misleading-or-deceptive-investment-fund-names-CBIO2954.html500The Securities and Exchange Commission today charged Richmond, California resident Tilila Walker Sumchai with raising approximately $11.8 million from more than 1,000 investors through a fraudulent securities offering targeting members of the Tongan American community across the United States. According...Wed, 20 Sep 2023 01:38:10 +0700https://companiesbio.com/sec-charges-california-resident-with-multimillion-dollar-ponzi-scheme-targeting-tongan-american-community-CBIO2951.htmlhttps://companiesbio.com/sec-charges-california-resident-with-multimillion-dollar-ponzi-scheme-targeting-tongan-american-community-CBIO2951.html506The Securities and Exchange Commission today announced charges against Concord Management LLC of Tarrytown, New York, and its owner and principal, Michael Matlin, for operating as unregistered investment advisers to their only client—a wealthy former Russian official widely regarded as having political...Tue, 19 Sep 2023 22:57:17 +0700https://companiesbio.com/sec-charges-new-york-firm-concord-management-and-owner-with-acting-as-unregistered-investment-advisers-to-billionaire-former-russian-official-CBIO2949.htmlhttps://companiesbio.com/sec-charges-new-york-firm-concord-management-and-owner-with-acting-as-unregistered-investment-advisers-to-billionaire-former-russian-official-CBIO2949.html627The Securities and Exchange Commission’s Investor Advisory Committee will hold a public, in-person, meeting on September 21 at 10 a.m. ET at the SEC Headquarters in Washington, D.C. The meeting will also be webcast on the SEC website. The committee will host two panels to discuss: Exempt...Tue, 19 Sep 2023 20:57:09 +0700https://companiesbio.com/sec-investor-advisory-committee-to-discuss-exempt-offerings-and-accredited-investors-at-september-21-meeting-CBIO2948.htmlhttps://companiesbio.com/sec-investor-advisory-committee-to-discuss-exempt-offerings-and-accredited-investors-at-september-21-meeting-CBIO2948.html114The Securities and Exchange Commission today announced settled charges against CBRE, Inc. (CBRE), a Dallas-based commercial real estate services and investment firm and subsidiary of publicly traded CBRE Group, Inc., for using an employee release that violated the SEC’s whistleblower protection rule. According...Tue, 19 Sep 2023 20:19:05 +0700https://companiesbio.com/sec-charges-cbre-inc-with-violating-whistleblower-protection-rule-CBIO2947.htmlhttps://companiesbio.com/sec-charges-cbre-inc-with-violating-whistleblower-protection-rule-CBIO2947.html149The Securities and Exchange Commission today announced that it has posted to sec.gov the agency’s Diversity, Equity, Inclusion, and Accessibility (DEIA) Strategic Plan for fiscal years 2023-2026 that builds on and advances the SEC’s DEIA commitment and previous successes. “At the SEC, we work...Tue, 19 Sep 2023 01:38:15 +0700https://companiesbio.com/sec-issues-new-strategic-plan-for-diversity-equity-inclusion-and-accessibility-CBIO2944.htmlhttps://companiesbio.com/sec-issues-new-strategic-plan-for-diversity-equity-inclusion-and-accessibility-CBIO2944.html178The Securities and Exchange Commission today charged Lyft Inc. for failing to disclose a company board director’s role in a shareholder’s sale of approximately $424 million worth of private shares of Lyft’s stock prior to the company’s initial public offering (IPO). According to the SEC’s...Mon, 18 Sep 2023 20:19:05 +0700https://companiesbio.com/sec-charges-lyft-with-failure-to-disclose-board-member-s-financial-interest-in-private-shareholder-s-pre-ipo-stock-transaction-CBIO2942.htmlhttps://companiesbio.com/sec-charges-lyft-with-failure-to-disclose-board-member-s-financial-interest-in-private-shareholder-s-pre-ipo-stock-transaction-CBIO2942.html203The Securities and Exchange Commission today announced that it updated its list of unregistered entities that use misleading information to solicit primarily non-U.S. investors, adding 29 soliciting entities, three impersonators of genuine firms, and one bogus regulator. The SEC’s list of soliciting...Fri, 15 Sep 2023 22:38:10 +0700https://companiesbio.com/sec-updates-list-of-firms-using-inaccurate-information-to-solicit-investors-CBIO2935.htmlhttps://companiesbio.com/sec-updates-list-of-firms-using-inaccurate-information-to-solicit-investors-CBIO2935.html87The Securities and Exchange Commission today announced settled fraud charges against GlennCap LLC, a Connecticut-based investment advisory firm, and its owner, Jonathan Vincent Glenn, for allocating profitable securities trades to favored accounts, including GlennCap’s own accounts and client accounts...Fri, 15 Sep 2023 03:57:10 +0700https://companiesbio.com/sec-charges-connecticut-advisory-firm-glenncap-and-its-owner-with-cherry-picking-CBIO2933.htmlhttps://companiesbio.com/sec-charges-connecticut-advisory-firm-glenncap-and-its-owner-with-cherry-picking-CBIO2933.html102The Securities and Exchange Commission today proposed rule and form amendments to improve filer access to and management of accounts on the SEC’s EDGAR system. The proposed amendments would require EDGAR filers to authorize identified individuals who would be responsible for managing filers’ EDGAR...Thu, 14 Sep 2023 03:38:10 +0700https://companiesbio.com/sec-proposes-improvements-to-edgar-filer-access-and-account-management-CBIO2925.htmlhttps://companiesbio.com/sec-proposes-improvements-to-edgar-filer-access-and-account-management-CBIO2925.html407The 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...Wed, 13 Sep 2023 21:19:10 +0700https://companiesbio.com/sec-charges-creator-of-stoner-cats-web-series-for-unregistered-offering-of-nfts-CBIO2923.htmlhttps://companiesbio.com/sec-charges-creator-of-stoner-cats-web-series-for-unregistered-offering-of-nfts-CBIO2923.html452The Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee today released the agenda for its meeting on Tuesday, September 19. The meeting will include a discussion of ways to invest in early-stage companies, as well as alternative funding options for small businesses....Wed, 13 Sep 2023 20:38:09 +0700https://companiesbio.com/sec-small-business-advisory-committee-to-discuss-funding-for-early-stage-companies-and-alternative-funding-for-small-businesses-CBIO2922.htmlhttps://companiesbio.com/sec-small-business-advisory-committee-to-discuss-funding-for-early-stage-companies-and-alternative-funding-for-small-businesses-CBIO2922.html303The Securities and Exchange Commission today filed charges against broker-dealer Virtu Americas LLC and its parent company, Virtu Financial Inc. (collectively, Virtu), for making materially false and misleading statements and omissions regarding information barriers to prevent the misuse of sensitive...Wed, 13 Sep 2023 04:19:08 +0700https://companiesbio.com/sec-charges-virtu-for-false-and-misleading-disclosures-relating-to-information-barriers-CBIO2918.htmlhttps://companiesbio.com/sec-charges-virtu-for-false-and-misleading-disclosures-relating-to-information-barriers-CBIO2918.html488The Securities and Exchange Commission today announced a settled action against New York-based YieldStreet Inc. and its registered investment adviser subsidiary, YieldStreet Management LLC (together, YieldStreet), for failing to disclose critical information to investors in a $14.5 million asset-backed...Wed, 13 Sep 2023 00:38:09 +0700https://companiesbio.com/sec-charges-alternative-investment-platform-yieldstreet-for-misleading-investors-CBIO2907.htmlhttps://companiesbio.com/sec-charges-alternative-investment-platform-yieldstreet-for-misleading-investors-CBIO2907.html298The Securities and Exchange Commission today charged Alfonse Gregory Giugliano, CPA, the former National Assurance Services Leader at Marcum LLP, a public accounting firm, with failing to sufficiently address and remediate numerous deficiencies in Marcum’s quality control system. The SEC previously...Tue, 12 Sep 2023 20:19:06 +0700https://companiesbio.com/sec-charges-national-office-partner-at-marcum-for-causing-widespread-quality-control-deficiencies-CBIO2906.htmlhttps://companiesbio.com/sec-charges-national-office-partner-at-marcum-for-causing-widespread-quality-control-deficiencies-CBIO2906.html181The Securities and Exchange Commission today announced charges against nine registered investment advisers for advertising hypothetical performance to the general public on their websites without adopting and/or implementing policies and procedures required by the Marketing Rule. All nine firms have...Tue, 12 Sep 2023 03:57:06 +0700https://companiesbio.com/sec-sweep-into-marketing-rule-violations-results-in-charges-against-nine-investment-advisers-CBIO2905.htmlhttps://companiesbio.com/sec-sweep-into-marketing-rule-violations-results-in-charges-against-nine-investment-advisers-CBIO2905.html608The Securities and Exchange Commission today announced settled charges against Monolith Resources LLC, a privately held energy and technology company headquartered in Lincoln, Nebraska, for using employee separation agreements that violated the SEC’s whistleblower protection rules. According to the...Fri, 08 Sep 2023 21:19:08 +0700https://companiesbio.com/sec-charges-privately-held-monolith-resources-for-using-separation-agreements-that-violated-whistleblower-protection-rules-CBIO2904.htmlhttps://companiesbio.com/sec-charges-privately-held-monolith-resources-for-using-separation-agreements-that-violated-whistleblower-protection-rules-CBIO2904.html83The Securities and Exchange Commission today announced settled charges against Linus Financial, Inc. for failing to register the offers and sales of its retail crypto lending product, the Linus Interest Accounts. The SEC determined not to impose civil penalties against Linus Financial because of the...Fri, 08 Sep 2023 04:38:08 +0700https://companiesbio.com/linus-financial-agrees-to-settle-sec-charges-of-unregistered-offer-and-sale-of-securities-CBIO2902.htmlhttps://companiesbio.com/linus-financial-agrees-to-settle-sec-charges-of-unregistered-offer-and-sale-of-securities-CBIO2902.html213The Securities and Exchange Commission today announced that Irving, Texas-based Fluor Corporation will pay $14.5 million to settle charges stemming from the company’s improper accounting on two large-scale, fixed-price construction projects. Five former and current officers and employees also agreed...Thu, 07 Sep 2023 03:38:05 +0700https://companiesbio.com/sec-charges-fluor-corp-for-accounting-improprieties-CBIO2897.htmlhttps://companiesbio.com/sec-charges-fluor-corp-for-accounting-improprieties-CBIO2897.html138The Securities and Exchange Commission today approved an amendment to the National Market System Plan governing the Consolidated Audit Trail (CAT) (the “CAT NMS Plan”) to adopt a revised funding model, called the “Executed Share Model,” for the CAT and establish a fee schedule for CAT fees...Wed, 06 Sep 2023 22:57:06 +0700https://companiesbio.com/sec-approves-funding-amendment-to-national-market-system-plan-governing-the-consolidated-audit-trail-CBIO2896.htmlhttps://companiesbio.com/sec-approves-funding-amendment-to-national-market-system-plan-governing-the-consolidated-audit-trail-CBIO2896.html91The Securities and Exchange Commission today announced charges against five investment advisers for failing to comply with requirements related to the safekeeping of client assets. Three of the firms were also charged with failing to timely update SEC disclosures regarding audits of their private fund...Wed, 06 Sep 2023 01:19:08 +0700https://companiesbio.com/sec-charges-five-advisory-firms-for-custody-rule-violations-CBIO2892.htmlhttps://companiesbio.com/sec-charges-five-advisory-firms-for-custody-rule-violations-CBIO2892.html194The Securities and Exchange Commission today charged Prime Group Holdings LLC, a private equity firm focused on alternative real estate asset classes, for failing to adequately disclose millions of dollars of real estate brokerage fees that were paid to a real estate brokerage firm that was owned by...Tue, 05 Sep 2023 21:19:10 +0700https://companiesbio.com/sec-charges-private-equity-firm-prime-group-for-inadequate-disclosure-of-fees-paid-to-affiliate-CBIO2890.htmlhttps://companiesbio.com/sec-charges-private-equity-firm-prime-group-for-inadequate-disclosure-of-fees-paid-to-affiliate-CBIO2890.html530The Securities and Exchange Commission today issued an order directing the equity exchanges and the Financial Industry Regulatory Authority (FINRA) (the participants) to file a new national market system plan (NMS plan) to replace the three existing national market system plans that govern the public...Fri, 01 Sep 2023 22:19:06 +0700https://companiesbio.com/sec-directs-equity-exchanges-and-finra-to-improve-governance-of-market-data-plans-CBIO2886.htmlhttps://companiesbio.com/sec-directs-equity-exchanges-and-finra-to-improve-governance-of-market-data-plans-CBIO2886.html754The Securities and Exchange Commission today announced settled cease-and-desist proceedings against broker-dealer Citigroup Global Markets Inc. (CGMI) for willfully violating recordkeeping requirements concerning expenses that the firm incurred in connection with its underwriting business. Recordkeeping...Wed, 30 Aug 2023 03:19:09 +0700https://companiesbio.com/sec-charges-citigroup-global-markets-inc-with-recordkeeping-failures-concerning-underwriting-expenses-CBIO2875.htmlhttps://companiesbio.com/sec-charges-citigroup-global-markets-inc-with-recordkeeping-failures-concerning-underwriting-expenses-CBIO2875.html900The Securities and Exchange Commission today announced charges against Archipelago Trading Services Inc. (ATSI) for failing to file hundreds of legally required reports of suspicious financial transactions, known as Suspicious Activity Reports (SARs), between August 2012 and September 2020. The charges...Tue, 29 Aug 2023 20:38:16 +0700https://companiesbio.com/sec-charges-archipelago-trading-services-with-failing-to-file-suspicious-activity-reports-CBIO2871.htmlhttps://companiesbio.com/sec-charges-archipelago-trading-services-with-failing-to-file-suspicious-activity-reports-CBIO2871.html964The 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...Mon, 28 Aug 2023 22:19:12 +0700https://companiesbio.com/sec-charges-la-based-media-and-entertainment-co-impact-theory-for-unregistered-offering-of-nfts-CBIO2869.htmlhttps://companiesbio.com/sec-charges-la-based-media-and-entertainment-co-impact-theory-for-unregistered-offering-of-nfts-CBIO2869.html380The Securities and Exchange Commission today announced that the fees that public companies and other issuers pay to register their securities with the Commission will increase from $110.20 per million dollars to $147.60 per million dollars, effective Oct. 1. The new fee rate will be applicable to the...Sat, 26 Aug 2023 00:57:05 +0700https://companiesbio.com/sec-announces-first-fee-rate-advisory-for-fiscal-year-2024-CBIO2864.htmlhttps://companiesbio.com/sec-announces-first-fee-rate-advisory-for-fiscal-year-2024-CBIO2864.html280The Securities and Exchange Commission today announced an award of more than $18 million to a whistleblower whose information and assistance led to a successful SEC enforcement action. After initially reporting misconduct internally, the whistleblower submitted information to the Commission that prompted...Fri, 25 Aug 2023 22:00:16 +0700https://companiesbio.com/sec-awards-whistleblower-more-than-18-million-CBIO2863.htmlhttps://companiesbio.com/sec-awards-whistleblower-more-than-18-million-CBIO2863.html160The Securities and Exchange Commission today charged Wells Fargo Clearing Services LLC and Wells Fargo Advisors Financial Network LLC (collectively, Wells Fargo) for overcharging more than 10,900 investment advisory accounts more than $26.8 million in advisory fees. Wells Fargo agreed to pay a $35 million...Fri, 25 Aug 2023 20:19:12 +0700https://companiesbio.com/wells-fargo-settles-with-sec-for-charging-excessive-advisory-fees-CBIO2860.htmlhttps://companiesbio.com/wells-fargo-settles-with-sec-for-charging-excessive-advisory-fees-CBIO2860.html752The Securities and Exchange Commission today announced that 3M Company agreed to pay more than $6.5 million to resolve charges that it violated the books and records and internal controls provisions of the Foreign Corrupt Practices Act (FCPA). The SEC’s order finds that employees of a 3M wholly owned...Fri, 25 Aug 2023 20:19:12 +0700https://companiesbio.com/sec-charges-3m-with-foreign-corrupt-practices-act-violations-relating-to-china-subsidiary-CBIO2859.htmlhttps://companiesbio.com/sec-charges-3m-with-foreign-corrupt-practices-act-violations-relating-to-china-subsidiary-CBIO2859.html580The Securities and Exchange Commission today announced insider trading charges against Romero Cabral da Costa Neto for trading based on material, nonpublic information concerning a client of the global law firm where he worked as a visiting attorney from Brazil. According to the SEC’s complaint, in...Thu, 24 Aug 2023 03:38:10 +0700https://companiesbio.com/sec-charges-former-attorney-at-u-s-based-global-law-firm-with-insider-trading-CBIO2854.htmlhttps://companiesbio.com/sec-charges-former-attorney-at-u-s-based-global-law-firm-with-insider-trading-CBIO2854.html794The Securities and Exchange Commission today charged former New Jersey State Correctional Police Officer John A. DeSalvo with fraudulently raising funds through the unregistered offering of the Blazar Token, a crypto asset security he created but that collapsed in May 2022. The SEC also charged DeSalvo...Thu, 24 Aug 2023 01:38:05 +0700https://companiesbio.com/sec-charges-former-new-jersey-corrections-officer-with-crypto-fraud-scheme-targeting-law-enforcement-personnel-CBIO2852.htmlhttps://companiesbio.com/sec-charges-former-new-jersey-corrections-officer-with-crypto-fraud-scheme-targeting-law-enforcement-personnel-CBIO2852.html32The Securities and Exchange Commission today reopened the comment period on its proposed rule that would redesignate and amend the current custody rule under the Investment Advisers Act of 1940 to enhance protections of customer assets managed by registered investment advisers, which was proposed by...Thu, 24 Aug 2023 00:38:16 +0700https://companiesbio.com/sec-reopens-comment-period-for-enhanced-safeguarding-rule-for-registered-investment-advisers-proposal-CBIO2851.htmlhttps://companiesbio.com/sec-reopens-comment-period-for-enhanced-safeguarding-rule-for-registered-investment-advisers-proposal-CBIO2851.html955The Securities and Exchange Commission today adopted new rules and rule amendments to enhance the regulation of private fund advisers and update the existing compliance rule that applies to all investment advisers. The new rules and amendments are designed to protect private fund investors by increasing...Thu, 24 Aug 2023 00:19:08 +0700https://companiesbio.com/sec-enhances-the-regulation-of-private-fund-advisers-CBIO2850.htmlhttps://companiesbio.com/sec-enhances-the-regulation-of-private-fund-advisers-CBIO2850.html267The Securities and Exchange Commission today adopted rule amendments that narrow the exemption from Section 15(b)(8) of the Securities Exchange Act of 1934, which requires any broker or dealer registered with the Commission to become a member of a national securities association unless the broker or...Wed, 23 Aug 2023 22:38:13 +0700https://companiesbio.com/sec-adopts-amendments-to-exemption-from-national-securities-association-membership-CBIO2848.htmlhttps://companiesbio.com/sec-adopts-amendments-to-exemption-from-national-securities-association-membership-CBIO2848.html991The Securities and Exchange Commission today announced charges against Titan Global Capital Management USA LLC, a New York-based FinTech investment adviser, for using hypothetical performance metrics in advertisements that were misleading. The SEC also charged Titan with multiple compliance failures...Mon, 21 Aug 2023 21:19:12 +0700https://companiesbio.com/sec-charges-fintech-investment-adviser-titan-for-misrepresenting-hypothetical-performance-of-investments-and-other-violations-CBIO2841.htmlhttps://companiesbio.com/sec-charges-fintech-investment-adviser-titan-for-misrepresenting-hypothetical-performance-of-investments-and-other-violations-CBIO2841.html883The Securities and Exchange Commission today charged Crowe U.K. LLP, a London based audit firm, its CEO, Nigel Bostock, and senior auditor, Matthew Stallabrass, for the firm’s deficient audit of music streaming company Akazoo Limited. Crowe U.K., Bostock, and Stallabrass have agreed to settle the SEC’s...Mon, 14 Aug 2023 22:19:06 +0700https://companiesbio.com/sec-charges-uk-audit-firm-ceo-and-senior-auditor-for-failures-in-connection-with-de-spac-transaction-CBIO2821.htmlhttps://companiesbio.com/sec-charges-uk-audit-firm-ceo-and-senior-auditor-for-failures-in-connection-with-de-spac-transaction-CBIO2821.html927The Securities and Exchange Commission today announced that crypto asset trading platform Bittrex Inc. and its co-founder and former CEO, William Shihara, agreed to settle charges that they operated an unregistered national securities exchange, broker, and clearing agency. Bittrex Inc.’s foreign affiliate,...Fri, 11 Aug 2023 03:57:10 +0700https://companiesbio.com/crypto-asset-trading-platform-bittrex-and-former-ceo-to-settle-sec-charges-for-operating-an-unregistered-exchange-broker-and-clearing-agency-CBIO2814.htmlhttps://companiesbio.com/crypto-asset-trading-platform-bittrex-and-former-ceo-to-settle-sec-charges-for-operating-an-unregistered-exchange-broker-and-clearing-agency-CBIO2814.html940The Securities and Exchange Commission today charged Colombian conglomerate Grupo Aval Acciones y Valores S.A., aka Grupo Aval S.A., and its bank subsidiary, Corporación Financiera Colombiana S.A. (Corficolombiana), with violating the Foreign Corrupt Practices Act (FCPA). Grupo Aval, whose shares are...Fri, 11 Aug 2023 03:57:10 +0700https://companiesbio.com/colombian-conglomerate-grupo-aval-and-its-bank-subsidiary-to-pay-40-million-to-settle-fcpa-violations-CBIO2813.htmlhttps://companiesbio.com/colombian-conglomerate-grupo-aval-and-its-bank-subsidiary-to-pay-40-million-to-settle-fcpa-violations-CBIO2813.html47The Securities and Exchange Commission today announced charges against 10 firms in their capacity as broker-dealers and one dually registered broker-dealer and investment adviser for widespread and longstanding failures by the firms and their employees to maintain and preserve electronic communications....Tue, 08 Aug 2023 19:19:09 +0700https://companiesbio.com/sec-charges-11-wall-street-firms-with-widespread-recordkeeping-failures-CBIO2793.htmlhttps://companiesbio.com/sec-charges-11-wall-street-firms-with-widespread-recordkeeping-failures-CBIO2793.html994The Securities and Exchange Commission today announced settled charges against Theorem Fund Services LLC (TFS), a fund administrator based in Boca Raton, Florida, for failing to respond to red flags relating to a fraud against a private fund and its investors. According to the SEC’s order, TFS provided...Mon, 07 Aug 2023 21:19:13 +0700https://companiesbio.com/fund-administrator-charged-for-missing-red-flags-CBIO2787.htmlhttps://companiesbio.com/fund-administrator-charged-for-missing-red-flags-CBIO2787.html20The Securities and Exchange Commission today announced awards of more than $104 million to seven individuals whose information and assistance led to a successful SEC enforcement action and related actions brought by another agency. Today’s combined award is the fourth largest in the SEC’s whistleblower...Fri, 04 Aug 2023 22:19:13 +0700https://companiesbio.com/sec-awards-more-than-104-million-to-seven-whistleblowers-CBIO2776.htmlhttps://companiesbio.com/sec-awards-more-than-104-million-to-seven-whistleblowers-CBIO2776.html850The Securities and Exchange Commission today announced that it obtained a temporary asset freeze, restraining order, and other emergency relief against Digital Licensing Inc., a Draper, Utah based entity doing business as “DEBT Box,” as well as the company’s four principals, Jason Anderson, his...Thu, 03 Aug 2023 21:19:11 +0700https://companiesbio.com/sec-obtains-emergency-relief-to-halt-utah-based-company-s-crypto-asset-fraud-scheme-involving-18-defendants-CBIO2769.htmlhttps://companiesbio.com/sec-obtains-emergency-relief-to-halt-utah-based-company-s-crypto-asset-fraud-scheme-involving-18-defendants-CBIO2769.html559The Securities and Exchange Commission today filed insider trading charges against Charles Rustin Holzer, a family office executive and former broker who last year settled SEC charges that he traded in options of Dun & Bradstreet Corp. (DNB) on inside information. The SEC’s latest complaint alleges...Wed, 02 Aug 2023 21:38:12 +0700https://companiesbio.com/sec-charges-florida-investment-adviser-a-second-time-for-insider-trading-CBIO2760.htmlhttps://companiesbio.com/sec-charges-florida-investment-adviser-a-second-time-for-insider-trading-CBIO2760.html70The Securities and Exchange Commission today charged Samuel Masucci and entities he founded and controls with disadvantaging an exchange traded fund (ETF) they managed and misleading the ETF’s trustees to obtain $20 million in rescue financing to avoid a possible bankruptcy. Masucci and the entities...Tue, 01 Aug 2023 23:19:17 +0700https://companiesbio.com/sec-charges-new-jersey-based-etf-manager-for-fraudulent-conduct-and-bars-founder-CBIO2753.htmlhttps://companiesbio.com/sec-charges-new-jersey-based-etf-manager-for-fraudulent-conduct-and-bars-founder-CBIO2753.html691The Securities and Exchange Commission today charged Richard Heart (aka Richard Schueler) and three unincorporated entities that he controls, Hex, PulseChain, and PulseX, with conducting unregistered offerings of crypto asset securities that raised more than $1 billion in crypto assets from investors....Mon, 31 Jul 2023 21:57:06 +0700https://companiesbio.com/sec-charges-hex-founder-richard-heart-with-misappropriating-millions-of-dollars-of-investor-funds-from-unregistered-crypto-asset-securities-offerings-that-raised-more-than-1-billion-CBIO2746.htmlhttps://companiesbio.com/sec-charges-hex-founder-richard-heart-with-misappropriating-millions-of-dollars-of-investor-funds-from-unregistered-crypto-asset-securities-offerings-that-raised-more-than-1-billion-CBIO2746.html624The Securities and Exchange Commission today charged Brent Seaman of Naples, Florida, and various entities he managed for fraudulently raising approximately $35 million from at least 60 investors through an unregistered securities offering. Many of these investors were elderly, retired, and connected...Fri, 28 Jul 2023 00:00:15 +0700https://companiesbio.com/sec-charges-florida-resident-with-operating-35-million-ponzi-scheme-that-targeted-church-members-CBIO2735.htmlhttps://companiesbio.com/sec-charges-florida-resident-with-operating-35-million-ponzi-scheme-that-targeted-church-members-CBIO2735.html595The Securities and Exchange Commission today proposed amendments to the rule permitting certain investment advisers that provide investment advisory services through the internet to register with the Commission. The proposed amendments generally would require an investment adviser relying on the internet...Thu, 27 Jul 2023 00:38:05 +0700https://companiesbio.com/sec-proposes-reforms-relating-to-investment-advisers-operating-exclusively-through-the-internet-CBIO2730.htmlhttps://companiesbio.com/sec-proposes-reforms-relating-to-investment-advisers-operating-exclusively-through-the-internet-CBIO2730.html823The Securities and Exchange Commission today proposed new rules that would require broker-dealers and investment advisers (collectively, “firms”) to take certain steps to address conflicts of interest associated with their use of predictive data analytics and similar technologies to interact with...Wed, 26 Jul 2023 23:38:05 +0700https://companiesbio.com/sec-proposes-new-requirements-to-address-risks-to-investors-from-conflicts-of-interest-associated-with-the-use-of-predictive-data-analytics-by-broker-dealers-and-investment-advisers-CBIO2729.htmlhttps://companiesbio.com/sec-proposes-new-requirements-to-address-risks-to-investors-from-conflicts-of-interest-associated-with-the-use-of-predictive-data-analytics-by-broker-dealers-and-investment-advisers-CBIO2729.html332The Securities and Exchange Commission today adopted rules requiring registrants to disclose material cybersecurity incidents they experience and to disclose on an annual basis material information regarding their cybersecurity risk management, strategy, and governance. The Commission also adopted rules...Wed, 26 Jul 2023 22:38:08 +0700https://companiesbio.com/sec-adopts-rules-on-cybersecurity-risk-management-strategy-governance-and-incident-disclosure-by-public-companies-CBIO2727.htmlhttps://companiesbio.com/sec-adopts-rules-on-cybersecurity-risk-management-strategy-governance-and-incident-disclosure-by-public-companies-CBIO2727.html35The Securities and Exchange Commission today charged investor Joseph C. Lewis for illegally tipping material nonpublic information to his then-girlfriend, Carolyn W. Carter, as well as his two private pilots, Patrick J. O’Connor and Bryan L. Waugh, so that each would use this information to execute...Wed, 26 Jul 2023 20:38:05 +0700https://companiesbio.com/sec-charges-investor-joseph-c-lewis-and-associates-with-insider-trading-CBIO2725.htmlhttps://companiesbio.com/sec-charges-investor-joseph-c-lewis-and-associates-with-insider-trading-CBIO2725.html873The Securities and Exchange Commission today announced that Natasha Vij Greiner and Keith E. Cassidy have been named interim Acting Co-Directors of the Division of Examinations, effective immediately, while Division Director Richard Best is on extended medical leave from the agency. “My thoughts are...Tue, 25 Jul 2023 22:19:10 +0700https://companiesbio.com/sec-names-natasha-vij-greiner-and-keith-e-cassidy-interim-acting-co-directors-of-the-division-of-examinations-CBIO2719.htmlhttps://companiesbio.com/sec-names-natasha-vij-greiner-and-keith-e-cassidy-interim-acting-co-directors-of-the-division-of-examinations-CBIO2719.html935The Securities and Exchange Commission today announced that it will join the North American Securities Administrators Association (NASAA) and Wisconsin Department of Financial Institutions (DFI) for a Joint Public Roundtable at the DFI headquarters on Tuesday, July 25, 2023, at 10 a.m. CT. The afternoon...Fri, 21 Jul 2023 22:19:13 +0700https://companiesbio.com/sec-nasaa-and-wisconsin-dfi-to-host-investor-roundtable-in-madison-wisconsin-on-july-25-CBIO2706.htmlhttps://companiesbio.com/sec-nasaa-and-wisconsin-dfi-to-host-investor-roundtable-in-madison-wisconsin-on-july-25-CBIO2706.html748The Securities and Exchange Commission today announced settled fraud charges against Digital World Acquisition Corporation (DWAC), a special purpose acquisition company (SPAC), for making material misrepresentations in forms filed with the SEC as part of DWAC’s initial public offering and proposed...Fri, 21 Jul 2023 03:57:11 +0700https://companiesbio.com/sec-charges-digital-world-spac-for-material-misrepresentations-to-investors-CBIO2702.htmlhttps://companiesbio.com/sec-charges-digital-world-spac-for-material-misrepresentations-to-investors-CBIO2702.html431The Securities and Exchange Commission today charged six individuals with a multi-million dollar Ponzi-like fraud scheme orchestrated by criminal recidivist Eliyahu Weinstein of Lakewood, New Jersey.  Along with Weinstein, the SEC charged Aryeh L. Bromberg, Joel L. Wittels, Richard M. Curry, Christopher...Thu, 20 Jul 2023 02:19:08 +0700https://companiesbio.com/sec-charges-twice-convicted-fraudster-eliyahu-weinstein-and-five-others-with-38-million-ponzi-like-scheme-to-defraud-investors-CBIO2695.htmlhttps://companiesbio.com/sec-charges-twice-convicted-fraudster-eliyahu-weinstein-and-five-others-with-38-million-ponzi-like-scheme-to-defraud-investors-CBIO2695.html942The Securities and Exchange Commission today charged Celsius Network Limited (Celsius) and its founder and former CEO, Alex Mashinsky, for violating registration and anti-fraud provisions of the federal securities laws, including by failing to register the offers and sales of Celsius’s crypto lending...Thu, 13 Jul 2023 22:38:05 +0700https://companiesbio.com/sec-charges-celsius-network-limited-and-founder-alex-mashinsky-with-fraud-and-unregistered-offer-and-sale-of-securities-CBIO2676.htmlhttps://companiesbio.com/sec-charges-celsius-network-limited-and-founder-alex-mashinsky-with-fraud-and-unregistered-offer-and-sale-of-securities-CBIO2676.html148The Securities and Exchange Commission today announced settled charges against RSE Markets Inc. for operating as an unregistered exchange by maintaining and providing a marketplace and facilities that brought together purchasers and sellers of securities, specifically equity interests in “collectible...Thu, 13 Jul 2023 02:19:13 +0700https://companiesbio.com/sec-charges-rse-markets-inc-for-operating-an-unregistered-securities-exchange-CBIO2671.htmlhttps://companiesbio.com/sec-charges-rse-markets-inc-for-operating-an-unregistered-securities-exchange-CBIO2671.html506The Securities and Exchange Commission today announced an award of more than $9 million to a whistleblower whose significant and detailed information and assistance led to a successful SEC enforcement action. After repeatedly internally reporting the concerns, the whistleblower alerted SEC’s Enforcement...Thu, 13 Jul 2023 01:19:06 +0700https://companiesbio.com/sec-awards-whistleblower-more-than-9-million-CBIO2670.htmlhttps://companiesbio.com/sec-awards-whistleblower-more-than-9-million-CBIO2670.html259The Securities and Exchange Commission today proposed amendments to Rule 15c3-3 (the Customer Protection Rule) to require certain broker-dealers to increase the frequency with which they perform computations of the net cash they owe to customers and other broker-dealers (known as PAB account holders)...Wed, 12 Jul 2023 23:19:16 +0700https://companiesbio.com/sec-proposes-rule-amendments-to-the-broker-dealer-customer-protection-rule-CBIO2669.htmlhttps://companiesbio.com/sec-proposes-rule-amendments-to-the-broker-dealer-customer-protection-rule-CBIO2669.html503The Securities and Exchange Commission today adopted amendments to certain rules that govern money market funds under the Investment Company Act of 1940. The amendments will increase minimum liquidity requirements for money market funds to provide a more substantial liquidity buffer in the event of...Wed, 12 Jul 2023 22:57:14 +0700https://companiesbio.com/sec-adopts-money-market-fund-reforms-and-amendments-to-form-pf-reporting-requirements-for-large-liquidity-fund-advisers-CBIO2668.htmlhttps://companiesbio.com/sec-adopts-money-market-fund-reforms-and-amendments-to-form-pf-reporting-requirements-for-large-liquidity-fund-advisers-CBIO2668.html128The Securities and Exchange Commission today announced charges against Merrill Lynch, Pierce, Fenner & Smith Incorporated and its parent company BAC North America Holding Co. (BACNAH) for failing to file hundreds of Suspicious Activity Reports (SARs) from 2009 to late 2019. Merrill Lynch agreed to...Tue, 11 Jul 2023 23:19:09 +0700https://companiesbio.com/sec-charges-merrill-lynch-and-parent-company-for-failing-to-file-suspicious-activity-reports-CBIO2662.htmlhttps://companiesbio.com/sec-charges-merrill-lynch-and-parent-company-for-failing-to-file-suspicious-activity-reports-CBIO2662.html382The Securities and Exchange Commission today charged former U.S. Army financial counselor Caz L. Craffy for defrauding Gold Star family members and others by engaging in unauthorized trading—including of life insurance and family survivor benefits they received following the death of an active duty...Fri, 07 Jul 2023 22:19:05 +0700https://companiesbio.com/sec-charges-former-army-financial-counselor-who-defrauded-gold-star-family-members-CBIO2650.htmlhttps://companiesbio.com/sec-charges-former-army-financial-counselor-who-defrauded-gold-star-family-members-CBIO2650.html531The Securities and Exchange Commission today announced settled charges against a California-based manufacturer of “smart” windows, View Inc., for failing to disclose $28 million in projected warranty-related liabilities to address a particular defect in its windows. The SEC decided not to impose...Mon, 03 Jul 2023 20:00:12 +0700https://companiesbio.com/sec-charges-smart-window-manufacturer-view-inc-with-failing-to-disclose-28-million-liability-CBIO2633.htmlhttps://companiesbio.com/sec-charges-smart-window-manufacturer-view-inc-with-failing-to-disclose-28-million-liability-CBIO2633.html52The Securities and Exchange Commission today charged Oregon residents Robert D. Christensen and Anthony M. Matic, as well as several companies they controlled, with conducting a multi-year Ponzi-like scheme and misleading investors who purchased more than $10 million in promissory notes.  According...Sat, 01 Jul 2023 00:38:19 +0700https://companiesbio.com/sec-charges-two-oregon-residents-and-their-related-entities-with-10-million-ponzi-like-scheme-CBIO2629.htmlhttps://companiesbio.com/sec-charges-two-oregon-residents-and-their-related-entities-with-10-million-ponzi-like-scheme-CBIO2629.html236The Securities and Exchange Commission today announced insider trading charges against Jordan Meadow, a registered representative for a New York-based broker-dealer, and Steven Teixeira, the Chief Compliance Officer of an international payment processing company, in connection with their trading based...Fri, 30 Jun 2023 00:19:13 +0700https://companiesbio.com/sec-charges-stockbroker-and-friend-with-insider-trading-CBIO2620.htmlhttps://companiesbio.com/sec-charges-stockbroker-and-friend-with-insider-trading-CBIO2620.html725The Securities and Exchange Commission today filed insider trading charges against five individuals, including a police chief in Dighton, Massachusetts, arising from trading before the announcement of a tender offer by Alexion Pharmaceuticals Inc. to acquire Portola Pharmaceuticals Inc. in May 2020....Thu, 29 Jun 2023 22:19:05 +0700https://companiesbio.com/sec-charges-police-chief-four-others-in-connection-with-insider-trading-before-pharmaceutical-merger-CBIO2619.htmlhttps://companiesbio.com/sec-charges-police-chief-four-others-in-connection-with-insider-trading-before-pharmaceutical-merger-CBIO2619.html926The Securities and Exchange Commission today announced insider trading charges against Amit Dagar, a former Pfizer Inc. employee, and his close friend and business partner, Atul Bhiwapurkar, for trading in advance of the company’s November 5, 2021, announcement that a randomized, double-blind study...Thu, 29 Jun 2023 22:19:05 +0700https://companiesbio.com/sec-charges-former-pfizer-statistician-with-insider-trading-ahead-of-covid-19-announcement-CBIO2618.htmlhttps://companiesbio.com/sec-charges-former-pfizer-statistician-with-insider-trading-ahead-of-covid-19-announcement-CBIO2618.html744The Securities and Exchange Commission today filed insider trading charges against Bruce Garelick, a former board member of Digital World Acquisition Corporation (DWAC), a special purpose acquisition company (SPAC); Michael Shvartsman and his firm Rocket One Capital LLC; and Gerald Shvartsman for trading...Thu, 29 Jun 2023 22:19:05 +0700https://companiesbio.com/sec-charges-former-dwac-board-member-and-others-for-insider-trading-in-dwac-securities-CBIO2617.htmlhttps://companiesbio.com/sec-charges-former-dwac-board-member-and-others-for-insider-trading-in-dwac-securities-CBIO2617.html14The Securities and Exchange Commission today announced that it obtained a preliminary injunction, asset freeze, and other emergency relief against Legend Venture Partners LLC, a New York City-based unregistered broker-dealer, in connection with a fraudulent scheme involving the sale of interests in private...Wed, 28 Jun 2023 06:19:05 +0700https://companiesbio.com/sec-obtains-emergency-relief-to-halt-pre-ipo-stock-fraud-scheme-by-unregistered-broker-dealer-CBIO2603.htmlhttps://companiesbio.com/sec-obtains-emergency-relief-to-halt-pre-ipo-stock-fraud-scheme-by-unregistered-broker-dealer-CBIO2603.html540The Securities and Exchange Commission today filed a settled complaint charging Las Vegas-based nutritional supplement company MusclePharm Corp.’s former Executive Vice President of Sales and Operations, Brian H. Casutto, former Vice President of Sales, Matthew J. Zucco, and former contract Chief Financial...Wed, 28 Jun 2023 06:19:05 +0700https://companiesbio.com/sec-charges-former-musclepharm-executives-with-accounting-and-disclosure-fraud-CBIO2602.htmlhttps://companiesbio.com/sec-charges-former-musclepharm-executives-with-accounting-and-disclosure-fraud-CBIO2602.html167The Securities and Exchange Commission today announced charges against Broward County, Florida resident Sanjay Singh and his trucking and logistics company, Royal Bengal Logistics Inc., with fraudulently raising approximately $112 million from as many as 1,500 investors through an unregistered securities...Tue, 27 Jun 2023 03:19:07 +0700https://companiesbio.com/sec-charges-florida-resident-for-operating-112-million-ponzi-scheme-that-targeted-haitian-american-community-CBIO2594.htmlhttps://companiesbio.com/sec-charges-florida-resident-for-operating-112-million-ponzi-scheme-that-targeted-haitian-american-community-CBIO2594.html311The Securities and Exchange Commission today charged Wilson Baston with defrauding numerous investors in a Ponzi scheme, in which he raised millions of dollars through dozens of transactions purportedly to fund real estate investments, but frequently used the money to instead pay off earlier investors...Sat, 24 Jun 2023 02:38:08 +0700https://companiesbio.com/sec-charges-convicted-fraudster-in-real-estate-ponzi-scheme-CBIO2586.htmlhttps://companiesbio.com/sec-charges-convicted-fraudster-in-real-estate-ponzi-scheme-CBIO2586.html970The Securities and Exchange Commission today charged William K. Ichioka, of New York, New York, with fraudulently raising $25 million from individual investors primarily in California and Oregon by making false claims about his investing success and promising large anticipated returns but instead using...Fri, 23 Jun 2023 03:57:06 +0700https://companiesbio.com/sec-charges-investment-fund-founder-william-k-ichioka-with-25-million-offering-fraud-CBIO2582.htmlhttps://companiesbio.com/sec-charges-investment-fund-founder-william-k-ichioka-with-25-million-offering-fraud-CBIO2582.html205The Securities and Exchange Commission’s Investor Advisory Committee will hold a virtual public meeting on June 22 at 10:00 a.m. ET. The meeting will be webcast on the SEC website. The committee will host three panels to discuss: Private Funds/Markets and Outbound Investments in Countries...Thu, 22 Jun 2023 04:38:05 +0700https://companiesbio.com/sec-investor-advisory-committee-to-discuss-private-funds-and-outbound-investments-to-countries-of-concern-digital-engagement-practices-and-audit-committee-workloads-at-june-22nd-meeting-CBIO2578.htmlhttps://companiesbio.com/sec-investor-advisory-committee-to-discuss-private-funds-and-outbound-investments-to-countries-of-concern-digital-engagement-practices-and-audit-committee-workloads-at-june-22nd-meeting-CBIO2578.html685The Securities and Exchange Commission today charged audit firm Marcum LLP with systemic quality control failures and violations of audit standards in connection with audit work for hundreds of special purpose acquisition company (SPAC) clients beginning at the latest in 2020. The SEC’s order also...Wed, 21 Jun 2023 22:19:06 +0700https://companiesbio.com/sec-charges-audit-firm-marcum-llp-for-widespread-quality-control-deficiencies-CBIO2576.htmlhttps://companiesbio.com/sec-charges-audit-firm-marcum-llp-for-widespread-quality-control-deficiencies-CBIO2576.html747The Securities and Exchange Commission today reopened the comment period for its proposed rule for position reporting of large security-based swap positions that exceed certain thresholds, and the staff of the Commission’s Division of Economic and Risk Analysis released a memorandum that provides supplemental...Wed, 21 Jun 2023 05:57:08 +0700https://companiesbio.com/sec-reopens-comment-period-for-position-reporting-of-large-security-based-swap-positions-CBIO2572.htmlhttps://companiesbio.com/sec-reopens-comment-period-for-position-reporting-of-large-security-based-swap-positions-CBIO2572.html571The Securities and Exchange Commission today charged New York-based investment adviser Insight Venture Management LLC with charging excess management fees and failing to disclose a conflict of interest to investors relating to its fee calculations. To settle the SEC’s charges, Insight agreed to pay...Wed, 21 Jun 2023 05:38:09 +0700https://companiesbio.com/sec-charges-private-equity-fund-adviser-for-overcharging-fees-and-failing-to-disclose-fee-calculation-conflict-CBIO2571.htmlhttps://companiesbio.com/sec-charges-private-equity-fund-adviser-for-overcharging-fees-and-failing-to-disclose-fee-calculation-conflict-CBIO2571.html722The Securities and Exchange Commission today announced settled charges against Stanley Black & Decker Inc., a publicly traded tools company, for failing to disclose perquisites it provided to certain executives. In addition, Jeffery D. Ansell, a former Stanley Black & Decker executive, agreed...Wed, 21 Jun 2023 03:38:17 +0700https://companiesbio.com/sec-charges-stanley-black-decker-and-former-executive-for-failures-in-executive-perks-disclosure-CBIO2569.htmlhttps://companiesbio.com/sec-charges-stanley-black-decker-and-former-executive-for-failures-in-executive-perks-disclosure-CBIO2569.html509The Securities and Exchange Commission today secured emergency relief in which the all the defendants in its litigation against Binance Holdings Limited, BAM Management US Holdings Inc., BAM Trading Services Inc., and Changpeng Zhao agreed to repatriate to the United States assets held for the benefit...Sat, 17 Jun 2023 19:38:12 +0700https://companiesbio.com/sec-secures-emergency-relief-to-protect-binance-us-customers-assets-CBIO2560.htmlhttps://companiesbio.com/sec-secures-emergency-relief-to-protect-binance-us-customers-assets-CBIO2560.html762The Securities and Exchange Commission today announced that registered investment adviser Pacific Investment Management Company LLC (PIMCO) will pay $9 million to settle two enforcement actions relating to disclosure and policies and procedures violations involving two funds PIMCO advises. In the first...Fri, 16 Jun 2023 21:00:08 +0700https://companiesbio.com/sec-charges-pimco-for-disclosure-and-policies-and-procedures-failures-CBIO2555.htmlhttps://companiesbio.com/sec-charges-pimco-for-disclosure-and-policies-and-procedures-failures-CBIO2555.html437The Securities and Exchange Commission today announced that Michele Layne, the Director of the Los Angeles Regional Office, is leaving the agency this month after more than 27 years of service. Cindy Eson and Kate Zoladz will become Acting Co-Directors upon Ms. Layne’s departure. “I commend Michele...Fri, 16 Jun 2023 02:57:13 +0700https://companiesbio.com/michele-layne-director-of-los-angeles-regional-office-to-leave-sec-CBIO2550.htmlhttps://companiesbio.com/michele-layne-director-of-los-angeles-regional-office-to-leave-sec-CBIO2550.html494The Securities and Exchange Commission today charged investment adviser Sabby Management LLC and its managing partner, Hal D. Mintz, with fraud in connection with a long running scheme involving misrepresentations and violations of rules for short selling and order making, as well as other violative...Tue, 13 Jun 2023 02:38:05 +0700https://companiesbio.com/sec-charges-investment-adviser-and-principal-in-abusive-naked-short-selling-scheme-CBIO2529.htmlhttps://companiesbio.com/sec-charges-investment-adviser-and-principal-in-abusive-naked-short-selling-scheme-CBIO2529.html569The Securities and Exchange Commission’s Office of Investor Education and Advocacy (OIEA) today unveiled a public service campaign that encourages older investors to never stop learning when it comes to protecting their hard-earned money and investing for their future. The campaign features a new TV...Mon, 12 Jun 2023 21:38:05 +0700https://companiesbio.com/sec-unveils-new-public-service-campaign-encouraging-older-investors-to-never-stop-learning-CBIO2524.htmlhttps://companiesbio.com/sec-unveils-new-public-service-campaign-encouraging-older-investors-to-never-stop-learning-CBIO2524.html340The Securities and Exchange Commission today adopted rule changes to remove and replace references to credit ratings from existing exceptions provided in Rule 101 and Rule 102 of Regulation M, a set of rules that prohibits activities that could artificially influence the market for an offered security. “This...Wed, 07 Jun 2023 23:19:10 +0700https://companiesbio.com/sec-adopts-amendments-to-remove-references-to-credit-ratings-from-regulation-m-CBIO2509.htmlhttps://companiesbio.com/sec-adopts-amendments-to-remove-references-to-credit-ratings-from-regulation-m-CBIO2509.html641The Securities and Exchange Commission today adopted rules to prevent fraud, manipulation, and deception in connection with security-based swap transactions and to prevent undue influence over the chief compliance officer (CCO) of security-based swap dealers and major security-based swap participants...Wed, 07 Jun 2023 22:38:11 +0700https://companiesbio.com/sec-adopts-rules-to-prevent-fraud-in-connection-with-security-based-swaps-transactions-and-prevent-undue-influence-over-ccos-CBIO2508.htmlhttps://companiesbio.com/sec-adopts-rules-to-prevent-fraud-in-connection-with-security-based-swaps-transactions-and-prevent-undue-influence-over-ccos-CBIO2508.html173The Securities and Exchange Commission today filed an emergency action application seeking a temporary restraining order freezing assets, directing defendants to repatriate assets held for the benefit of customers of the Binance.US crypto trading platform, and seeking other emergency relief against Binance...Wed, 07 Jun 2023 07:19:16 +0700https://companiesbio.com/sec-seeks-emergency-relief-to-ensure-binance-us-customers-assets-are-protected-CBIO2506.htmlhttps://companiesbio.com/sec-seeks-emergency-relief-to-ensure-binance-us-customers-assets-are-protected-CBIO2506.html287The Securities and Exchange Commission today charged Coinbase, Inc. with operating its crypto asset trading platform as an unregistered national securities exchange, broker, and clearing agency. The SEC also charged Coinbase for failing to register the offer and sale of its crypto asset staking-as-a-service...Tue, 06 Jun 2023 19:38:05 +0700https://companiesbio.com/sec-charges-coinbase-for-operating-as-an-unregistered-securities-exchange-broker-and-clearing-agency-CBIO2497.htmlhttps://companiesbio.com/sec-charges-coinbase-for-operating-as-an-unregistered-securities-exchange-broker-and-clearing-agency-CBIO2497.html303The Securities and Exchange Commission today charged Binance Holdings Ltd. (“Binance”), which operates the largest crypto asset trading platform in the world, Binance.com; U.S.-based affiliate, BAM Trading Services Inc. (“BAM Trading”), which, together with Binance, operates the crypto asset...Mon, 05 Jun 2023 22:38:13 +0700https://companiesbio.com/sec-files-13-charges-against-binance-entities-and-founder-changpeng-zhao-CBIO2493.htmlhttps://companiesbio.com/sec-files-13-charges-against-binance-entities-and-founder-changpeng-zhao-CBIO2493.html380The Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee today released the agenda for its meeting on Wednesday, June 14. The Committee will start the morning session by hearing from its members about marketplace trends in small business capital raising. In...Sat, 03 Jun 2023 03:38:14 +0700https://companiesbio.com/small-business-advisory-committee-june-meeting-to-focus-on-capital-raising-and-reducing-funding-gaps-for-underrepresented-founders-CBIO2489.htmlhttps://companiesbio.com/small-business-advisory-committee-june-meeting-to-focus-on-capital-raising-and-reducing-funding-gaps-for-underrepresented-founders-CBIO2489.html354The Securities and Exchange Commission today announced its settlement with the former head of Wells Fargo & Co.’s Community Bank, Carrie L. Tolstedt, in which she has agreed to pay a $3 million penalty stemming from charges brought in 2020 for her role in allegedly misleading investors about the...Wed, 31 May 2023 04:19:18 +0700https://companiesbio.com/former-wells-fargo-senior-executive-carrie-tolstedt-agress-to-settle-sec-fraud-charges-for-misleading-investors-about-abusive-sales-practices-to-inflate-a-key-performance-metric-CBIO2469.htmlhttps://companiesbio.com/former-wells-fargo-senior-executive-carrie-tolstedt-agress-to-settle-sec-fraud-charges-for-misleading-investors-about-abusive-sales-practices-to-inflate-a-key-performance-metric-CBIO2469.html57The Securities and Exchange Commission today announced that former Coinbase product manager Ishan Wahi and his brother, Nikhil Wahi, agreed to settle charges that they engaged in insider trading through a scheme to trade ahead of multiple announcements regarding at least nine crypto asset securities...Wed, 31 May 2023 01:19:06 +0700https://companiesbio.com/former-coinbase-manager-and-his-brother-agree-to-settle-insider-trading-charges-relating-to-crypto-asset-securities-CBIO2467.htmlhttps://companiesbio.com/former-coinbase-manager-and-his-brother-agree-to-settle-insider-trading-charges-relating-to-crypto-asset-securities-CBIO2467.html800The Securities and Exchange Commission obtained an emergency order to halt an alleged ongoing offering fraud and Ponzi-like scheme by Integrated National Resources Inc. (INR), which does business as WeedGenics, and its owners, Rolf Max Hirschmann and Patrick Earl Williams, who have raised more than $60...Wed, 24 May 2023 01:38:07 +0700https://companiesbio.com/sec-shuts-down-weedgenics-60-million-cannabis-offering-fraud-CBIO2441.htmlhttps://companiesbio.com/sec-shuts-down-weedgenics-60-million-cannabis-offering-fraud-CBIO2441.html174The Securities and Exchange Commission today announced that Mellissa Campbell Duru has been named Deputy Director for Legal and Regulatory Policy in the Division of Corporation Finance. Ms. Duru most recently was a Special Counsel at Covington & Burling LLP and previously spent more than 15 years...Fri, 19 May 2023 22:57:12 +0700https://companiesbio.com/mellissa-campbell-duru-named-division-of-corporation-finance-s-deputy-director-for-legal-and-regulatory-policy-CBIO2424.htmlhttps://companiesbio.com/mellissa-campbell-duru-named-division-of-corporation-finance-s-deputy-director-for-legal-and-regulatory-policy-CBIO2424.html890The Securities and Exchange Commission today proposed rule changes that would improve the resilience and recovery and wind-down planning of covered clearing agencies. The proposal would amend the existing rules regarding intraday margin and the use of substantive inputs to a covered clearing agency’s...Wed, 17 May 2023 23:19:10 +0700https://companiesbio.com/sec-proposes-rule-amendments-and-new-rule-to-improve-risk-management-and-resilience-of-covered-clearing-agencies-CBIO2410.htmlhttps://companiesbio.com/sec-proposes-rule-amendments-and-new-rule-to-improve-risk-management-and-resilience-of-covered-clearing-agencies-CBIO2410.html297The Securities and Exchange Commission today announced charges against 10 microcap companies for offering and selling securities in unregistered offerings that failed to comply with Regulation A, which provides a limited exemption from registration under the Securities Act to allow companies to raise...Tue, 16 May 2023 20:19:11 +0700https://companiesbio.com/sec-charges-10-microcap-companies-with-securities-offering-registration-violations-CBIO2401.htmlhttps://companiesbio.com/sec-charges-10-microcap-companies-with-securities-offering-registration-violations-CBIO2401.html593The Securities and Exchange Commission today announced charges against El Segundo, California-based Red Rock Secured LLC, its CEO, Sean Kelly, and two of its former Senior Account Executives, Anthony Spencer and Jeffrey Ward, in connection with a fraudulent scheme that involved convincing hundreds of...Mon, 15 May 2023 23:19:05 +0700https://companiesbio.com/sec-charges-red-rock-secured-three-executives-in-fraud-scheme-targeting-retirement-accounts-CBIO2396.htmlhttps://companiesbio.com/sec-charges-red-rock-secured-three-executives-in-fraud-scheme-targeting-retirement-accounts-CBIO2396.html692The Securities and Exchange Commission today announced that Amsterdam-based Koninklijke Philips N.V. will pay more than $62 million to resolve charges that it violated the Foreign Corrupt Practices Act (FCPA) with respect to conduct related to its sales of medical diagnostic equipment in China. According...Fri, 12 May 2023 03:19:15 +0700https://companiesbio.com/dutch-medical-supplier-philips-to-pay-more-than-62-million-to-settle-fcpa-charges-CBIO2384.htmlhttps://companiesbio.com/dutch-medical-supplier-philips-to-pay-more-than-62-million-to-settle-fcpa-charges-CBIO2384.html65The Securities and Exchange Commission today charged HSBC Securities (USA) Inc. and Scotia Capital (USA) Inc. for widespread and longstanding failures by both firms and their employees to maintain and preserve electronic communications. To settle the charges, HSBC and Scotia acknowledged that their conduct...Thu, 11 May 2023 20:19:05 +0700https://companiesbio.com/sec-charges-hsbc-and-scotia-capital-with-widespread-recordkeeping-failures-CBIO2381.htmlhttps://companiesbio.com/sec-charges-hsbc-and-scotia-capital-with-widespread-recordkeeping-failures-CBIO2381.html711The Securities and Exchange Commission today announced charges against investment adviser Pinnacle Advisors LLC for aiding and abetting Liquidity Rule violations by a mutual fund it advised and whose Liquidity Risk Management Program it administered. The SEC also charged the fund’s two independent...Sat, 06 May 2023 01:19:05 +0700https://companiesbio.com/sec-charges-investment-adviser-and-fund-trustees-with-liquidity-rule-violations-CBIO2356.htmlhttps://companiesbio.com/sec-charges-investment-adviser-and-fund-trustees-with-liquidity-rule-violations-CBIO2356.html55The Securities and Exchange Commission today announced the largest-ever award, nearly $279 million, to a whistleblower whose information and assistance led to the successful enforcement of SEC and related actions. This is the highest award in the SEC’s whistleblower program’s history, more than doubling...Fri, 05 May 2023 21:19:11 +0700https://companiesbio.com/sec-issues-largest-ever-whistleblower-award-CBIO2354.htmlhttps://companiesbio.com/sec-issues-largest-ever-whistleblower-award-CBIO2354.html763The Securities and Exchange Commission today announced settled charges against Fargo, North Dakota-based investment adviser Classic Asset Management LLC (CAM) and indirect part-owner and investment adviser representative Douglas G. Schmitz for breach of fiduciary duty in connection with the use of leveraged...Thu, 04 May 2023 23:38:05 +0700https://companiesbio.com/sec-charges-advisory-firm-and-part-owner-for-breach-of-fiduciary-duty-in-connection-with-use-of-leveraged-etfs-CBIO2347.htmlhttps://companiesbio.com/sec-charges-advisory-firm-and-part-owner-for-breach-of-fiduciary-duty-in-connection-with-use-of-leveraged-etfs-CBIO2347.html939The Securities and Exchange Commission today announced 14 new members of the Small Business Capital Formation Advisory Committee. The new members were appointed to four-year terms to fill vacancies arising primarily from the expiration of prior members’ terms. “I thank the new members for agreeing...Thu, 04 May 2023 21:57:13 +0700https://companiesbio.com/sec-announces-new-members-of-small-business-capital-formation-advisory-committee-CBIO2345.htmlhttps://companiesbio.com/sec-announces-new-members-of-small-business-capital-formation-advisory-committee-CBIO2345.html499The Securities and Exchange Commission today adopted amendments to Form PF, the confidential reporting form for certain SEC-registered investment advisers to private funds. The amendments are designed to enhance the ability of the Financial Stability Oversight Council (FSOC) to assess systemic risk and...Wed, 03 May 2023 23:19:09 +0700https://companiesbio.com/sec-adopts-amendments-to-enhance-private-fund-reporting-CBIO2341.htmlhttps://companiesbio.com/sec-adopts-amendments-to-enhance-private-fund-reporting-CBIO2341.html522The Securities and Exchange Commission today adopted amendments to modernize the disclosure requirements relating to repurchases of an issuer’s equity securities, including requiring issuers to provide daily repurchase activity on a quarterly or semi-annual basis, depending on the type of issuer. The...Wed, 03 May 2023 22:19:09 +0700https://companiesbio.com/sec-adopts-amendments-to-modernize-share-repurchase-disclosure-CBIO2340.htmlhttps://companiesbio.com/sec-adopts-amendments-to-modernize-share-repurchase-disclosure-CBIO2340.html448The Securities and Exchange Commission today charged Brett M. Bartlett, his father-in-law Scott A. Miller, and their companies for fraudulent securities offerings that raised at least $20.5 million, some of which Bartlett and Miller misused for personal expenses. According to the SEC’s complaint,...Wed, 03 May 2023 04:57:05 +0700https://companiesbio.com/sec-alleges-son-and-father-in-law-touted-faith-to-target-church-members-in-20-million-offering-fraud-CBIO2334.htmlhttps://companiesbio.com/sec-alleges-son-and-father-in-law-touted-faith-to-target-church-members-in-20-million-offering-fraud-CBIO2334.html788The Securities and Exchange Commission today reopened the comment period for its proposed amendments to modernize the rules governing beneficial ownership reporting, and the staff of the Commission’s Division of Economic and Risk Analysis released a memorandum that provides supplemental data and analysis...Sat, 29 Apr 2023 02:57:05 +0700https://companiesbio.com/sec-reopens-comment-period-for-proposed-rule-amendments-to-modernize-beneficial-ownership-reporting-CBIO2320.htmlhttps://companiesbio.com/sec-reopens-comment-period-for-proposed-rule-amendments-to-modernize-beneficial-ownership-reporting-CBIO2320.html730The Securities and Exchange Commission’s Division of Investment Management today announced it will host virtually an inaugural Conference on Emerging Trends in Asset Management on Friday, May 19, 2023. The conference will bring together a variety of asset management industry participants and academics...Thu, 27 Apr 2023 01:57:05 +0700https://companiesbio.com/sec-s-division-of-investment-management-to-host-inaugural-conference-on-emerging-trends-in-asset-management-CBIO2309.htmlhttps://companiesbio.com/sec-s-division-of-investment-management-to-host-inaugural-conference-on-emerging-trends-in-asset-management-CBIO2309.html394The Securities and Exchange Commission today announced that Eric R. Werner has been named Regional Director of the Fort Worth Regional Office, effective immediately. Mr. Werner is currently the Acting Co-Regional Director and has served as the Associate Regional Director of Enforcement in the Fort Worth...Tue, 25 Apr 2023 22:19:05 +0700https://companiesbio.com/eric-r-werner-named-director-of-fort-worth-regional-office-CBIO2298.htmlhttps://companiesbio.com/eric-r-werner-named-director-of-fort-worth-regional-office-CBIO2298.html22The Securities and Exchange Commission today charged investment advisory firm Betterment LLC for material misstatements and omissions related to its automated tax loss harvesting service (TLH), failing to provide clients with notice of changes to contracts, and failing to maintain certain required books...Wed, 19 Apr 2023 01:19:04 +0700https://companiesbio.com/sec-charges-investment-adviser-betterment-for-misstatements-concerning-tax-loss-harvesting-service-CBIO2267.htmlhttps://companiesbio.com/sec-charges-investment-adviser-betterment-for-misstatements-concerning-tax-loss-harvesting-service-CBIO2267.html209The Securities and Exchange Commission today announced the appointment of Deborah J. Jeffrey as Inspector General, effective May 7, 2023. Ms. Jeffrey is currently the Inspector General of AmeriCorps. “Deb will bring incredible experience in public service and oversight to the SEC,” said SEC...Mon, 17 Apr 2023 22:38:08 +0700https://companiesbio.com/sec-appoints-deborah-j-jeffrey-as-inspector-general-CBIO2262.htmlhttps://companiesbio.com/sec-appoints-deborah-j-jeffrey-as-inspector-general-CBIO2262.html452The Securities and Exchange Commission today charged crypto asset trading platform Bittrex, Inc. and its co-founder and former CEO William Shihara for operating an unregistered national securities exchange, broker, and clearing agency. The SEC also charged Bittrex, Inc.’s foreign affiliate, Bittrex...Mon, 17 Apr 2023 21:19:05 +0700https://companiesbio.com/sec-charges-crypto-asset-trading-platform-bittrex-and-its-former-ceo-for-operating-an-unregistered-exchange-broker-and-clearing-agency-CBIO2257.htmlhttps://companiesbio.com/sec-charges-crypto-asset-trading-platform-bittrex-and-its-former-ceo-for-operating-an-unregistered-exchange-broker-and-clearing-agency-CBIO2257.html968The Securities and Exchange Commission today reopened the comment period and provided supplemental information on proposed amendments to the definition of “exchange” under Exchange Act Rule 3b-16. The Commission initially proposed the amendments in January 2022 and reopened the comment period...Fri, 14 Apr 2023 22:57:15 +0700https://companiesbio.com/sec-reopens-comment-period-for-proposed-amendments-to-exchange-act-rule-3b-16-and-provides-supplemental-information-CBIO2252.htmlhttps://companiesbio.com/sec-reopens-comment-period-for-proposed-amendments-to-exchange-act-rule-3b-16-and-provides-supplemental-information-CBIO2252.html846The Securities and Exchange Commission’s Office of the Advocate for Small Business Capital Formation has opened registration for the SEC’s 42nd Annual Government-Business Forum on Small Business Capital Formation, which will take place April 24-27. The virtual forum will run each day from 1-2:30...Fri, 07 Apr 2023 00:57:04 +0700https://companiesbio.com/registration-opens-for-the-sec-s-42nd-annual-small-business-forum-to-impact-capital-raising-policy-CBIO2228.htmlhttps://companiesbio.com/registration-opens-for-the-sec-s-42nd-annual-small-business-forum-to-impact-capital-raising-policy-CBIO2228.html346The Securities and Exchange Commission’s Office of Minority and Women Inclusion (OMWI) today released its Fiscal Year (FY) 2022 Annual Report to Congress. The report summarizes the SEC’s actions and achievements towards promoting diversity, equity, inclusion, and accessibility (DEIA) in the SEC’s...Tue, 04 Apr 2023 21:57:08 +0700https://companiesbio.com/sec-s-omwi-fy-2022-annual-report-highlights-the-agency-s-diversity-equity-and-inclusion-initiatives-and-progress-CBIO2216.htmlhttps://companiesbio.com/sec-s-omwi-fy-2022-annual-report-highlights-the-agency-s-diversity-equity-and-inclusion-initiatives-and-progress-CBIO2216.html45The Securities and Exchange Commission today charged Charlie Javice, the founder of the now shuttered student loan assistance company previously known as Frank, with fraud in connection with the $175 million sale of the company to JPMorgan Chase Bank, N.A., (JPMC) in 2021. The SEC’s complaint alleges...Tue, 04 Apr 2023 20:57:18 +0700https://companiesbio.com/sec-charges-founder-of-frank-with-fraud-in-connection-with-175-million-sale-of-student-loan-assistance-company-CBIO2215.htmlhttps://companiesbio.com/sec-charges-founder-of-frank-with-fraud-in-connection-with-175-million-sale-of-student-loan-assistance-company-CBIO2215.html706The Securities and Exchange Commission today charged Merrill Lynch, Pierce, Fenner & Smith Incorporated for charging advisory clients more than $4 million in undisclosed foreign exchange fees for transfers to or from their accounts. To settle the charges, Merrill Lynch has agreed to pay disgorgement,...Tue, 04 Apr 2023 03:19:05 +0700https://companiesbio.com/sec-charges-merrill-lynch-for-failing-to-disclose-foreign-exchange-fees-to-clients-CBIO2212.htmlhttps://companiesbio.com/sec-charges-merrill-lynch-for-failing-to-disclose-foreign-exchange-fees-to-clients-CBIO2212.html99The Securities and Exchange Commission today charged New Jersey-based Chatham Asset Management LLC and its founder, Anthony Melchiorre, in connection with improper trading of certain fixed income securities. Chatham and Melchiorre agreed to pay more than $19.3 million in combined disgorgement, prejudgment...Tue, 04 Apr 2023 00:38:06 +0700https://companiesbio.com/sec-charges-chatham-asset-management-and-founder-anthony-melchiorre-for-improper-fixed-income-securities-trading-CBIO2211.htmlhttps://companiesbio.com/sec-charges-chatham-asset-management-and-founder-anthony-melchiorre-for-improper-fixed-income-securities-trading-CBIO2211.html271The Securities and Exchange Commission’s Office of Investor Education and Advocacy (OIEA) today announced that its theme for April’s National Financial Capability Month is, “Investing for everyone.” All month long, SEC leadership and staff will promote the free tools and resources available on...Mon, 03 Apr 2023 21:38:10 +0700https://companiesbio.com/sec-to-highlight-free-investor-education-resources-during-financial-capability-month-CBIO2209.htmlhttps://companiesbio.com/sec-to-highlight-free-investor-education-resources-during-financial-capability-month-CBIO2209.html589The Securities and Exchange Commission today announced that Mark D. Reinhold has been named the agency’s Chief Human Capital Officer and Director of the Office of Human Resources. He has served as the acting head of the office since October 2022. Mr. Reinhold will manage the agency’s human resources...Sat, 01 Apr 2023 01:57:15 +0700https://companiesbio.com/mark-reinhold-named-sec-chief-human-capital-officer-CBIO2202.htmlhttps://companiesbio.com/mark-reinhold-named-sec-chief-human-capital-officer-CBIO2202.html101The Securities and Exchange Commission today charged three executives of Mobile, Alabama-based shipbuilder, Austal USA LLC, for orchestrating a fraudulent revenue recognition scheme that allowed its parent company to meet or exceed analyst expectations. The SEC alleges that, from at least January 2013...Sat, 01 Apr 2023 01:38:24 +0700https://companiesbio.com/sec-charges-three-executives-at-u-s-navy-shipbuilder-austal-usa-with-accounting-fraud-CBIO2201.htmlhttps://companiesbio.com/sec-charges-three-executives-at-u-s-navy-shipbuilder-austal-usa-with-accounting-fraud-CBIO2201.html781The Securities and Exchange Commission today announced awards of more than $12 million to two whistleblowers who provided information and assistance in a successful SEC enforcement action. The first whistleblower prompted the opening of the investigation and provided information on violations that would...Fri, 31 Mar 2023 21:57:05 +0700https://companiesbio.com/sec-awards-more-than-12-million-to-two-whistleblowers-CBIO2199.htmlhttps://companiesbio.com/sec-awards-more-than-12-million-to-two-whistleblowers-CBIO2199.html782The Securities and Exchange Commission today opened public registration for its Municipal Securities Disclosure Conference, which will be held on May 10, 2023, at the SEC’s headquarters. The conference, held in a hybrid format with both in-person and virtual participation, will bring together a variety...Fri, 31 Mar 2023 20:57:09 +0700https://companiesbio.com/sec-to-host-municipal-securities-disclosure-conference-CBIO2198.htmlhttps://companiesbio.com/sec-to-host-municipal-securities-disclosure-conference-CBIO2198.html399The Securities and Exchange Commission today filed insider trading charges against Sean Wygovsky, a former trader at a Canadian asset management firm, and Christopher Matthaei, a former partner at a U.S. broker-dealer, for using nonpublic information in advance of at least seven merger announcements...Fri, 31 Mar 2023 03:57:13 +0700https://companiesbio.com/sec-charges-hedge-fund-trader-and-broker-dealer-partner-in-multi-million-dollar-spac-insider-trading-scheme-CBIO2196.htmlhttps://companiesbio.com/sec-charges-hedge-fund-trader-and-broker-dealer-partner-in-multi-million-dollar-spac-insider-trading-scheme-CBIO2196.html234The Securities and Exchange Commission today announced settled charges against Spicer Jeffries LLP, an audit firm based in Denver, and audit engagement partner Sean P. Tafaro, for their improper professional conduct in connection with audits of two private funds. According to the SEC’s order, during...Thu, 30 Mar 2023 01:38:14 +0700https://companiesbio.com/sec-charges-private-fund-auditor-and-audit-engagement-partner-with-improper-professional-conduct-CBIO2190.htmlhttps://companiesbio.com/sec-charges-private-fund-auditor-and-audit-engagement-partner-with-improper-professional-conduct-CBIO2190.html947The Securities and Exchange Commission today charged the crypto asset trading platform beaxy.com (the Beaxy Platform) and its executives for failing to register as a national securities exchange, broker, and clearing agency. The SEC also charged the founder of the platform, Artak Hamazaspyan, and a company...Wed, 29 Mar 2023 21:57:12 +0700https://companiesbio.com/sec-charges-crypto-trading-platform-beaxy-and-its-executives-for-operating-an-unregistered-exchange-broker-and-clearing-agency-CBIO2187.htmlhttps://companiesbio.com/sec-charges-crypto-trading-platform-beaxy-and-its-executives-for-operating-an-unregistered-exchange-broker-and-clearing-agency-CBIO2187.html204The Securities and Exchange Commission today announced that Vale S.A., a publicly traded Brazilian mining company and one of the largest iron ore producers in the world, agreed to pay $55.9 million to settle charges brought last April stemming from the company’s allegedly false and misleading disclosures...Wed, 29 Mar 2023 05:57:08 +0700https://companiesbio.com/brazilian-mining-company-to-pay-55-9-million-to-settle-charges-related-to-misleading-disclosures-prior-to-deadly-dam-collapse-CBIO2183.htmlhttps://companiesbio.com/brazilian-mining-company-to-pay-55-9-million-to-settle-charges-related-to-misleading-disclosures-prior-to-deadly-dam-collapse-CBIO2183.html627The Securities and Exchange Commission today charged former broker Surage Kamal Roshan Perera and his firm, Janues Capital Incorporated, with defrauding at least one investor out of millions by lying about investment opportunities and strategies, concealing trading losses, and using funds received from...Tue, 28 Mar 2023 05:19:08 +0700https://companiesbio.com/sec-obtains-emergency-relief-against-long-island-investment-adviser-and-firm-charged-with-fraud-CBIO2172.htmlhttps://companiesbio.com/sec-obtains-emergency-relief-against-long-island-investment-adviser-and-firm-charged-with-fraud-CBIO2172.html250The Securities and Exchange Commission today charged Scott Hollender, Gabriel Migliano, Jr., and Frank Vecchio for selling interests in shares of pre-IPO companies on behalf of StraightPath Venture Partners LLC, despite not being registered broker-dealers, and for misleading investors about the fees...Thu, 23 Mar 2023 23:38:05 +0700https://companiesbio.com/sec-charges-three-sales-agents-at-straightpath-venture-partners-with-fraud-and-unregistered-broker-activity-CBIO2135.htmlhttps://companiesbio.com/sec-charges-three-sales-agents-at-straightpath-venture-partners-with-fraud-and-unregistered-broker-activity-CBIO2135.html749The Securities and Exchange Commission today charged Darryl Matthew Cohen, a former investment adviser at a large financial institution, with misappropriating more than $1 million from three current and former NBA players over a period of two and a half years. According to the SEC’s complaint, from...Thu, 23 Mar 2023 23:19:14 +0700https://companiesbio.com/sec-charges-financial-adviser-for-misappropriating-more-than-1-million-from-current-former-nba-players-CBIO2134.htmlhttps://companiesbio.com/sec-charges-financial-adviser-for-misappropriating-more-than-1-million-from-current-former-nba-players-CBIO2134.html347The Securities and Exchange Commission today announced charges against crypto asset entrepreneur Justin Sun and three of his wholly-owned companies, Tron Foundation Limited, BitTorrent Foundation Ltd., and Rainberry Inc. (formerly BitTorrent), for the unregistered offer and sale of crypto asset securities...Thu, 23 Mar 2023 02:57:05 +0700https://companiesbio.com/sec-charges-crypto-entrepreneur-justin-sun-and-his-companies-for-fraud-and-other-securities-law-violations-CBIO2119.htmlhttps://companiesbio.com/sec-charges-crypto-entrepreneur-justin-sun-and-his-companies-for-fraud-and-other-securities-law-violations-CBIO2119.html529The Securities and Exchange Commission today proposed amendments designed to modernize its information collection and analysis methods by, among other things, proposing that a number of filings be submitted to the Commission electronically on EDGAR using structured data where appropriate. Under current...Wed, 22 Mar 2023 22:19:05 +0700https://companiesbio.com/sec-proposes-to-modernize-the-submission-of-certain-forms-filings-and-materials-under-the-securities-exchange-act-of-1934-CBIO2109.htmlhttps://companiesbio.com/sec-proposes-to-modernize-the-submission-of-certain-forms-filings-and-materials-under-the-securities-exchange-act-of-1934-CBIO2109.html471The U.S. Securities and Exchange Commission announced that it will host a virtual event, entitled “Investor Advocacy Clinics: Students Fight for Investor Justice,” on Wednesday, March 29 from 11:00 a.m. to 12:00 p.m. ET. The event will highlight the important work of law school students who...Tue, 21 Mar 2023 01:38:09 +0700https://companiesbio.com/sec-virtual-outreach-event-highlights-students-on-the-frontlines-of-investor-protection-CBIO2087.htmlhttps://companiesbio.com/sec-virtual-outreach-event-highlights-students-on-the-frontlines-of-investor-protection-CBIO2087.html336The U.S. Securities and Exchange Commission’s Office of Municipal Securities today announced that it updated its Registration of Municipal Advisors Frequently Asked Questions webpage to add a section, entitled Completion of Form MA, Form MA-I, and Form MA-NR, which provides additional staff guidance...Mon, 20 Mar 2023 22:57:05 +0700https://companiesbio.com/sec-office-of-municipal-securities-issues-faqs-for-registration-of-municipal-advisors-CBIO2080.htmlhttps://companiesbio.com/sec-office-of-municipal-securities-issues-faqs-for-registration-of-municipal-advisors-CBIO2080.html597The Securities and Exchange Commission today charged American Patriot Brands Inc. (APB), a cannabis cultivation and distribution company, its CEO, and five other entities and individuals for their participation in a long-running scheme in which they raised more than $30 million from more than one hundred...Fri, 17 Mar 2023 00:57:14 +0700https://companiesbio.com/sec-charges-cannabis-company-american-patriot-brands-ceo-and-others-with-fraud-CBIO1909.htmlhttps://companiesbio.com/sec-charges-cannabis-company-american-patriot-brands-ceo-and-others-with-fraud-CBIO1909.html840The Securities and Exchange Commission today reopened the comment period on proposed rules and amendments related to cybersecurity risk management and cybersecurity-related disclosure for registered investment advisers, registered investment companies, and business development companies that were proposed...Thu, 16 Mar 2023 00:57:05 +0700https://companiesbio.com/sec-reopens-comment-period-for-proposed-cybersecurity-risk-management-rules-and-amendments-for-registered-investment-advisers-and-funds-CBIO1822.htmlhttps://companiesbio.com/sec-reopens-comment-period-for-proposed-cybersecurity-risk-management-rules-and-amendments-for-registered-investment-advisers-and-funds-CBIO1822.html409The Securities and Exchange Commission today proposed amendments to expand and update Regulation Systems Compliance and Integrity (SCI), the set of rules adopted in 2014 to help address technological vulnerabilities in the U.S. securities markets and improve Commission oversight of the core technology...Thu, 16 Mar 2023 00:38:17 +0700https://companiesbio.com/sec-proposes-to-expand-and-update-regulation-sci-CBIO1821.htmlhttps://companiesbio.com/sec-proposes-to-expand-and-update-regulation-sci-CBIO1821.html555The Securities and Exchange Commission today proposed requirements for broker-dealers, clearing agencies, major security-based swap participants, the Municipal Securities Rulemaking Board, national securities associations, national securities exchanges, security-based swap data repositories, security-based...Wed, 15 Mar 2023 23:38:05 +0700https://companiesbio.com/sec-proposes-new-requirements-to-address-cybersecurity-risks-to-the-u-s-securities-markets-CBIO1815.htmlhttps://companiesbio.com/sec-proposes-new-requirements-to-address-cybersecurity-risks-to-the-u-s-securities-markets-CBIO1815.html99The Securities and Exchange Commission today proposed amendments to Regulation S-P that would enhance the protection of customer information by, among other things, requiring broker-dealers, investment companies, registered investment advisers, and transfer agents to provide notice to individuals affected...Wed, 15 Mar 2023 22:38:12 +0700https://companiesbio.com/sec-proposes-changes-to-reg-s-p-to-enhance-protection-of-customer-information-CBIO1813.htmlhttps://companiesbio.com/sec-proposes-changes-to-reg-s-p-to-enhance-protection-of-customer-information-CBIO1813.html442The Securities and Exchange Commission today charged exiled Chinese businessman Miles Guo and his financial advisor William Je for their involvement in unregistered and fraudulent offerings that raised more than $850 million. According to the SEC’s complaint, since April 2020, Guo, also known as Ho...Wed, 15 Mar 2023 21:38:05 +0700https://companiesbio.com/sec-charges-exiled-chinese-businessman-miles-guo-and-his-financial-advisor-william-je-in-850-million-fraud-scheme-CBIO1812.htmlhttps://companiesbio.com/sec-charges-exiled-chinese-businessman-miles-guo-and-his-financial-advisor-william-je-in-850-million-fraud-scheme-CBIO1812.html838The Securities and Exchange Commission today charged DXC Technology Company, an IT services company in Ashburn, Virginia, with making misleading disclosures about its non-GAAP financial performance in multiple reporting periods from 2018 until early 2020.   According to the SEC’s order,...Wed, 15 Mar 2023 03:38:13 +0700https://companiesbio.com/sec-charges-it-services-provider-dxc-technology-co-for-misleading-non-gaap-disclosures-CBIO1798.htmlhttps://companiesbio.com/sec-charges-it-services-provider-dxc-technology-co-for-misleading-non-gaap-disclosures-CBIO1798.html34The Securities and Exchange Commission today announced that Blackbaud Inc., a South Carolina-based public company that provides donor data management software to non-profit organizations, agreed to pay $3 million to settle charges for making misleading disclosures about a 2020 ransomware attack that...Fri, 10 Mar 2023 04:38:14 +0700https://companiesbio.com/sec-charges-software-company-blackbaud-inc-for-misleading-disclosures-about-ransomware-attack-that-impacted-charitable-donors-CBIO1708.htmlhttps://companiesbio.com/sec-charges-software-company-blackbaud-inc-for-misleading-disclosures-about-ransomware-attack-that-impacted-charitable-donors-CBIO1708.html833The Securities and Exchange Commission today announced that it updated its list of unregistered entities that use misleading information to solicit primarily non-U.S. investors, adding 96 soliciting entities, three impersonators of genuine firms, and five bogus regulators. The SEC’s list of soliciting...Tue, 07 Mar 2023 22:19:15 +0700https://companiesbio.com/sec-updates-list-of-firms-using-inaccurate-information-to-solicit-investors-CBIO1677.htmlhttps://companiesbio.com/sec-updates-list-of-firms-using-inaccurate-information-to-solicit-investors-CBIO1677.html666The Securities and Exchange Commission today announced charges against global mining and metals company, Rio Tinto plc, for violations of the Foreign Corrupt Practices Act (FCPA) arising out of a bribery scheme involving a consultant in Guinea. The company has agreed to pay a $15 million civil penalty...Tue, 07 Mar 2023 04:38:19 +0700https://companiesbio.com/sec-charges-rio-tinto-plc-with-bribery-controls-failures-CBIO1671.htmlhttps://companiesbio.com/sec-charges-rio-tinto-plc-with-bribery-controls-failures-CBIO1671.html495The Securities and Exchange Commission today announced that it filed an emergency action in which it successfully obtained an asset freeze, appointment of a receiver, and other emergency relief against Miami-based investment adviser BKCoin Management LLC and one of its principals, Kevin Kang, in connection...Mon, 06 Mar 2023 23:57:12 +0700https://companiesbio.com/sec-files-emergency-action-against-miami-investment-adviser-bkcoin-and-principal-kevin-kang-for-orchestrating-100-million-crypto-fraud-scheme-CBIO1668.htmlhttps://companiesbio.com/sec-files-emergency-action-against-miami-investment-adviser-bkcoin-and-principal-kevin-kang-for-orchestrating-100-million-crypto-fraud-scheme-CBIO1668.html626The Securities and Exchange Commission today charged Silver Edge Financial LLC, Equity Acquisition Company Ltd. (EAC), the owners of both companies, and sales staff of Silver Edge Financial with unregistered broker-dealer activity relating to their sales of interests in shares of various pre-IPO companies. The...Fri, 03 Mar 2023 22:19:05 +0700https://companiesbio.com/sec-charges-silver-edge-financial-and-equity-acquisition-company-with-unregistered-broker-dealer-activity-relating-to-pre-ipo-funds-CBIO1656.htmlhttps://companiesbio.com/sec-charges-silver-edge-financial-and-equity-acquisition-company-with-unregistered-broker-dealer-activity-relating-to-pre-ipo-funds-CBIO1656.html460The Securities and Exchange Commission today announced settled charges against Oregon-based freight transportation supply company, The Greenbrier Companies Inc., and its founder and former CEO and Chairman, William A. Furman, for failing to disclose perks provided to Furman and other Greenbrier executives...Thu, 02 Mar 2023 21:19:05 +0700https://companiesbio.com/sec-charges-global-transportation-company-greenbrier-and-former-ceo-for-failing-to-disclose-perks-and-payments-CBIO1649.htmlhttps://companiesbio.com/sec-charges-global-transportation-company-greenbrier-and-former-ceo-for-failing-to-disclose-perks-and-payments-CBIO1649.html539The Securities and Exchange Commission today charged Terren S. Peizer, Executive Chairman of the Santa Monica, California-based healthcare treatment company Ontrak Inc., with insider trading for selling more than $20 million of Ontrak stock between May and August 2021 while in possession of material...Thu, 02 Mar 2023 01:38:17 +0700https://companiesbio.com/sec-charges-ontrak-chairman-terren-peizer-with-insider-trading-CBIO1645.htmlhttps://companiesbio.com/sec-charges-ontrak-chairman-terren-peizer-with-insider-trading-CBIO1645.html546Pursuant to Section 31(j)(2) of the Securities Exchange Act of 1934, the Commission has determined that a mid-year adjustment to the Section 31 fee rate for fiscal year 2023 is not required. These adjustments do not directly affect the amount of funding available to the SEC. The Section 31 fee rate...Wed, 01 Mar 2023 23:57:05 +0700https://companiesbio.com/fee-rate-advisory-3-for-fiscal-year-2023-CBIO1642.htmlhttps://companiesbio.com/fee-rate-advisory-3-for-fiscal-year-2023-CBIO1642.html21The Securities and Exchange Commission today charged Nishad Singh, the former Co-Lead Engineer of FTX Trading Ltd. (FTX), for his role in a multiyear scheme to defraud equity investors in FTX, the crypto trading platform started by Singh along with Samuel Bankman-Fried and Gary Wang. Investigations into...Wed, 01 Mar 2023 01:38:17 +0700https://companiesbio.com/sec-charges-nishad-singh-with-defrauding-investors-in-crypto-asset-trading-platform-ftx-CBIO1635.htmlhttps://companiesbio.com/sec-charges-nishad-singh-with-defrauding-investors-in-crypto-asset-trading-platform-ftx-CBIO1635.html361The Securities and Exchange Commission’s Investor Advisory Committee will hold a virtual public meeting on March 2 at 10:00 a.m. ET. The meeting will be webcast on the SEC website. The committee will host three panels to discuss: Growth of Private Markets relative to the Public Markets:...Sat, 25 Feb 2023 00:57:05 +0700https://companiesbio.com/sec-investor-advisory-committee-to-discuss-the-growth-of-private-markets-oversight-of-investment-advisers-and-open-end-fund-liquidity-risk-management-at-march-2nd-meeting-CBIO1607.htmlhttps://companiesbio.com/sec-investor-advisory-committee-to-discuss-the-growth-of-private-markets-oversight-of-investment-advisers-and-open-end-fund-liquidity-risk-management-at-march-2nd-meeting-CBIO1607.html437The Securities and Exchange Commission today charged Andrew Stiles for insider trading in the stocks of Eastman Kodak Company and Novavax, Inc. based on nonpublic information related to both companies’ planned government partnerships to assist in the fight against COVID-19 at the height of the pandemic....Fri, 24 Feb 2023 02:38:11 +0700https://companiesbio.com/sec-charges-cousins-for-insider-trading-in-kodak-stock-ahead-of-company-s-planned-govt-partnership-to-assist-in-response-to-covid-19-CBIO1595.htmlhttps://companiesbio.com/sec-charges-cousins-for-insider-trading-in-kodak-stock-ahead-of-company-s-planned-govt-partnership-to-assist-in-response-to-covid-19-CBIO1595.html674The Securities and Exchange Commission today charged media and entertainment company Ozy Media Inc., its CEO Carlos R. Watson, Jr., its former COO Samir Rao, and its former Chief of Staff Suzee Han with defrauding investors of approximately $50 million through repeated misrepresentations concerning the...Fri, 24 Feb 2023 00:38:10 +0700https://companiesbio.com/sec-charges-ozy-media-and-its-ceo-carlos-watson-with-widespread-scheme-to-defraud-investors-CBIO1591.htmlhttps://companiesbio.com/sec-charges-ozy-media-and-its-ceo-carlos-watson-with-widespread-scheme-to-defraud-investors-CBIO1591.html747The Securities and Exchange Commission today announced settled charges against African Gold Acquisition Corp., a publicly traded special purpose acquisition company (SPAC), for internal controls, reporting, and recordkeeping violations. These failures enabled African Gold’s former chief financial officer...Wed, 22 Feb 2023 23:38:05 +0700https://companiesbio.com/sec-charges-african-gold-acquisition-corp-with-internal-controls-reporting-and-recordkeeping-failures-CBIO1579.htmlhttps://companiesbio.com/sec-charges-african-gold-acquisition-corp-with-internal-controls-reporting-and-recordkeeping-failures-CBIO1579.html634The Securities and Exchange Commission today announced charges against Ensign Peak Advisers Inc., a non-profit entity operated by The Church of Jesus Christ of Latter-day Saints to manage the Church’s investments, for failing to file forms that would have disclosed the Church’s equity investments,...Tue, 21 Feb 2023 22:38:13 +0700https://companiesbio.com/sec-charges-the-church-of-jesus-christ-of-latter-day-saints-and-its-investment-management-company-for-disclosure-failures-and-misstated-filings-CBIO1567.htmlhttps://companiesbio.com/sec-charges-the-church-of-jesus-christ-of-latter-day-saints-and-its-investment-management-company-for-disclosure-failures-and-misstated-filings-CBIO1567.html286The Securities and Exchange Commission today announced charges against former NBA player Paul Pierce for touting EMAX tokens, crypto asset securities offered and sold by EthereumMax, on social media without disclosing the payment he received for the promotion and for making false and misleading promotional...Fri, 17 Feb 2023 23:38:06 +0700https://companiesbio.com/sec-charges-nba-hall-of-famer-paul-pierce-for-unlawfully-touting-and-making-misleading-statements-about-crypto-security-CBIO1557.htmlhttps://companiesbio.com/sec-charges-nba-hall-of-famer-paul-pierce-for-unlawfully-touting-and-making-misleading-statements-about-crypto-security-CBIO1557.html489The Securities and Exchange Commission today charged Milan Vinod Patel, of Cumming, Georgia, for spreading more than 100 false rumors about public companies to generate more than $1 million in illicit trading profits. The SEC previously charged Barton Ross, Mark Melnick, Anthony Salandra, and Charles...Fri, 17 Feb 2023 06:19:05 +0700https://companiesbio.com/sec-charges-final-participant-in-multi-million-dollar-scheme-to-spread-and-trade-on-false-rumors-about-public-companies-CBIO1553.htmlhttps://companiesbio.com/sec-charges-final-participant-in-multi-million-dollar-scheme-to-spread-and-trade-on-false-rumors-about-public-companies-CBIO1553.html373The Securities and Exchange Commission today charged Singapore-based Terraform Labs PTE Ltd and Do Hyeong Kwon with orchestrating a multi-billion dollar crypto asset securities fraud involving an algorithmic stablecoin and other crypto asset securities. According to the SEC’s complaint, from April...Fri, 17 Feb 2023 05:00:21 +0700https://companiesbio.com/sec-charges-terraform-and-ceo-do-kwon-with-defrauding-investors-in-crypto-schemes-CBIO1550.htmlhttps://companiesbio.com/sec-charges-terraform-and-ceo-do-kwon-with-defrauding-investors-in-crypto-schemes-CBIO1550.html383The Securities and Exchange Commission today announced that The Options Clearing Corporation (OCC) will undertake remedial efforts and pay $17 million in penalties to settle charges that it failed to comply with its SEC-approved Stress Testing and Clearing Fund Methodology rule during certain times between...Fri, 17 Feb 2023 04:57:14 +0700https://companiesbio.com/sec-charges-options-clearing-corporation-with-rule-failures-CBIO1549.htmlhttps://companiesbio.com/sec-charges-options-clearing-corporation-with-rule-failures-CBIO1549.html363The Securities and Exchange Commission today proposed rule changes to enhance protections of customer assets managed by registered investment advisers. If adopted, the changes would amend and redesignate rule 206(4)-2, the Commission’s custody rule, under the Investment Advisers Act of 1940 and amend...Thu, 16 Feb 2023 00:38:14 +0700https://companiesbio.com/sec-proposes-enhanced-safeguarding-rule-for-registered-investment-advisers-CBIO1536.htmlhttps://companiesbio.com/sec-proposes-enhanced-safeguarding-rule-for-registered-investment-advisers-CBIO1536.html997The Securities and Exchange Commission today adopted rule changes to shorten the standard settlement cycle for most broker-dealer transactions in securities from two business days after the trade date (T+2) to one (T+1). The final rule is designed to benefit investors and reduce the credit, market, and...Wed, 15 Feb 2023 23:19:05 +0700https://companiesbio.com/sec-finalizes-rules-to-reduce-risks-in-clearance-and-settlement-CBIO1532.htmlhttps://companiesbio.com/sec-finalizes-rules-to-reduce-risks-in-clearance-and-settlement-CBIO1532.html37The Securities and Exchange Commission today proposed a rule that would revise the Commission’s regulations under the Privacy Act. The Privacy Act is the principal law governing the handling of personal information in the federal government. The current rules provide procedures for making Privacy Act...Wed, 15 Feb 2023 03:19:16 +0700https://companiesbio.com/sec-proposes-revision-to-privacy-act-rule-CBIO1523.htmlhttps://companiesbio.com/sec-proposes-revision-to-privacy-act-rule-CBIO1523.html440The Securities and Exchange Commission today announced that Cicely LaMothe was named Deputy Director, Disclosure Operations, for the Division of Corporation Finance, effective Feb. 12, 2023. Ms. LaMothe served as the Acting Deputy Director for Disclosure Operations since August 2022. “Cicely has held...Wed, 15 Feb 2023 02:19:14 +0700https://companiesbio.com/cicely-lamothe-named-deputy-director-disclosure-operations-for-the-division-of-corporation-finance-CBIO1522.htmlhttps://companiesbio.com/cicely-lamothe-named-deputy-director-disclosure-operations-for-the-division-of-corporation-finance-CBIO1522.html946The Securities and Exchange Commission today charged Christopher S. Kirchner, the co-founder and former CEO of Slync, Inc., a privately-held Texas-based software company, with fraudulently offering and selling more than $67 million of securities to multiple investors, more than $28 million of which he...Wed, 15 Feb 2023 01:38:05 +0700https://companiesbio.com/sec-charges-former-ceo-of-slync-in-67-million-offering-fraud-CBIO1521.htmlhttps://companiesbio.com/sec-charges-former-ceo-of-slync-in-67-million-offering-fraud-CBIO1521.html483The Securities and Exchange Commission today charged Payward Ventures, Inc. and Payward Trading Ltd., both commonly known as Kraken, with failing to register the offer and sale of their crypto asset staking-as-a-service program, whereby investors transfer crypto assets to Kraken for staking in exchange...Fri, 10 Feb 2023 03:19:09 +0700https://companiesbio.com/kraken-to-discontinue-unregistered-offer-and-sale-of-crypto-asset-staking-as-a-service-program-and-pay-30-million-to-settle-sec-charges-CBIO1494.htmlhttps://companiesbio.com/kraken-to-discontinue-unregistered-offer-and-sale-of-crypto-asset-staking-as-a-service-program-and-pay-30-million-to-settle-sec-charges-CBIO1494.html918The Securities and Exchange Commission’s Division of Examinations today announced its 2023 examination priorities. The Division publishes its examination priorities annually to provide insights into its risk-based approach, including the areas it believes present potential risks to investors and the...Wed, 08 Feb 2023 03:57:05 +0700https://companiesbio.com/sec-division-of-examinations-announces-2023-priorities-CBIO1472.htmlhttps://companiesbio.com/sec-division-of-examinations-announces-2023-priorities-CBIO1472.html833The Securities and Exchange Commission today announced the start of the selection process to fill a seat on the Public Company Accounting Oversight Board (PCAOB) that will become vacant in October. The PCAOB appointment is for a five-year term from October 2023-October 2028. Under the current composition...Tue, 07 Feb 2023 23:19:06 +0700https://companiesbio.com/sec-seeks-applicants-for-public-company-accounting-oversight-board-seat-CBIO1465.htmlhttps://companiesbio.com/sec-seeks-applicants-for-public-company-accounting-oversight-board-seat-CBIO1465.html826The Securities and Exchange Commission today announced that Activision Blizzard Inc., a video game development and publishing company, agreed to pay $35 million to settle charges that it failed to maintain disclosure controls and procedures to ensure that the company could assess whether its disclosures...Fri, 03 Feb 2023 21:19:06 +0700https://companiesbio.com/activision-blizzard-to-pay-35-million-for-failing-to-maintain-disclosure-controls-related-to-complaints-of-workplace-misconduct-and-violating-whistleblower-protection-rule-CBIO1437.htmlhttps://companiesbio.com/activision-blizzard-to-pay-35-million-for-failing-to-maintain-disclosure-controls-related-to-complaints-of-workplace-misconduct-and-violating-whistleblower-protection-rule-CBIO1437.html277The Securities and Exchange Commission today published a staff report that provides a summary of the staff’s examinations of nationally recognized statistical rating organizations (NRSROs) and discusses the state of competition, transparency, and conflicts of interest among NRSROs. "The Office of...Thu, 02 Feb 2023 22:19:05 +0700https://companiesbio.com/sec-publishes-annual-staff-report-on-nationally-recognized-statistical-rating-organizations-CBIO1430.htmlhttps://companiesbio.com/sec-publishes-annual-staff-report-on-nationally-recognized-statistical-rating-organizations-CBIO1430.html255The Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee today released the agenda for its meeting on Tuesday, Feb. 7. The Committee will discuss alternative approaches to private company financing, the Commission’s February 2022 proposal regarding private fund...Wed, 01 Feb 2023 00:19:15 +0700https://companiesbio.com/small-business-advisory-committee-to-host-meeting-to-discuss-alternatives-to-traditional-private-company-financing-private-fund-reforms-and-public-company-investment-research-CBIO1402.htmlhttps://companiesbio.com/small-business-advisory-committee-to-host-meeting-to-discuss-alternatives-to-traditional-private-company-financing-private-fund-reforms-and-public-company-investment-research-CBIO1402.html67The Securities and Exchange Commission today proposed amendments to its ethics rules to strengthen and modernize its ethics compliance program. The amendments would add new requirements and prohibitions to the program, which already includes some of the most stringent ethics requirements in the executive...Tue, 31 Jan 2023 03:57:16 +0700https://companiesbio.com/sec-proposes-updates-to-ethics-rules-governing-securities-trading-by-personnel-CBIO1397.htmlhttps://companiesbio.com/sec-proposes-updates-to-ethics-rules-governing-securities-trading-by-personnel-CBIO1397.html737The Securities and Exchange Commission today announced that Silvestre A. Fontes has been named Regional Director of the Boston office, starting next week. John Dugan and Kevin Kelcourse, who have served as Acting Co-Regional Directors, will remain as Associate Regional Directors of the office’s Enforcement...Thu, 26 Jan 2023 01:19:10 +0700https://companiesbio.com/silvestre-fontes-named-director-of-boston-regional-office-CBIO1369.htmlhttps://companiesbio.com/silvestre-fontes-named-director-of-boston-regional-office-CBIO1369.html960The Securities and Exchange Commission today proposed a rule to implement Section 27B of the Securities Act of 1933, a provision added by Section 621 of the Dodd-Frank Act. The rule is intended to prevent the sale of asset-backed securities (ABS) that are tainted by material conflicts of interest. Specifically,...Wed, 25 Jan 2023 23:38:19 +0700https://companiesbio.com/sec-proposes-rule-to-prohibit-conflicts-of-interest-in-certain-securitizations-CBIO1367.htmlhttps://companiesbio.com/sec-proposes-rule-to-prohibit-conflicts-of-interest-in-certain-securitizations-CBIO1367.html491The Securities and Exchange Commission today announced an award of more than $28 million to joint whistleblowers who provided critical information and assistance in an SEC enforcement action. The joint whistleblowers’ detailed information prompted the opening of the SEC staff’s investigation and...Tue, 24 Jan 2023 23:19:09 +0700https://companiesbio.com/sec-issues-28-million-award-to-joint-whistleblowers-CBIO1359.htmlhttps://companiesbio.com/sec-issues-28-million-award-to-joint-whistleblowers-CBIO1359.html499The Securities and Exchange Commission today announced that, starting on February 27, 2023, the fee rates applicable to most securities transactions will be set at $8.00 per million dollars.  Consequently, each self-regulatory organization will continue to pay the Commission a rate of $22.90 per...Tue, 24 Jan 2023 00:00:05 +0700https://companiesbio.com/fee-rate-advisory-2-for-fiscal-year-2023-CBIO1348.htmlhttps://companiesbio.com/fee-rate-advisory-2-for-fiscal-year-2023-CBIO1348.html192The Securities and Exchange Commission today announced settled charges against Bloomberg Finance L.P. (Bloomberg) for misleading disclosures relating to its paid subscription service, BVAL, which provides daily price valuations for fixed-income securities to financial services entities. The SEC’s...Mon, 23 Jan 2023 22:19:05 +0700https://companiesbio.com/bloomberg-to-pay-5-million-for-misleading-disclosures-about-its-valuation-methodologies-for-fixed-income-securities-CBIO1345.htmlhttps://companiesbio.com/bloomberg-to-pay-5-million-for-misleading-disclosures-about-its-valuation-methodologies-for-fixed-income-securities-CBIO1345.html418The Securities and Exchange Commission today charged Avraham Eisenberg with orchestrating an attack on a crypto asset trading platform, Mango Markets, by manipulating the MNGO token, a so-called governance token that was offered and sold as a security. Investigations into other securities law violations...Sat, 21 Jan 2023 02:38:10 +0700https://companiesbio.com/sec-charges-avraham-eisenberg-with-manipulating-mango-markets-governance-token-to-steal-116-million-of-crypto-assets-CBIO1336.htmlhttps://companiesbio.com/sec-charges-avraham-eisenberg-with-manipulating-mango-markets-governance-token-to-steal-116-million-of-crypto-assets-CBIO1336.html600The Securities and Exchange Commission is seeking candidates for appointment to the Small Business Capital Formation Advisory Committee to provide advice and recommendations on Commission rules, regulations, and policy matters relating to small businesses, including smaller public companies. The Committee...Sat, 21 Jan 2023 00:19:09 +0700https://companiesbio.com/sec-seeks-candidates-for-small-business-capital-formation-advisory-committee-CBIO1328.htmlhttps://companiesbio.com/sec-seeks-candidates-for-small-business-capital-formation-advisory-committee-CBIO1328.html761The Securities and Exchange Commission today charged Nexo Capital Inc. with failing to register the offer and sale of its retail crypto asset lending product, the Earn Interest Product (EIP). To settle the SEC’s charges, Nexo agreed to pay a $22.5 million penalty and cease its unregistered offer and...Fri, 20 Jan 2023 05:19:05 +0700https://companiesbio.com/nexo-agrees-to-pay-45-million-in-penalties-and-cease-unregistered-offering-of-crypto-asset-lending-product-CBIO1319.htmlhttps://companiesbio.com/nexo-agrees-to-pay-45-million-in-penalties-and-cease-unregistered-offering-of-crypto-asset-lending-product-CBIO1319.html332The Securities and Exchange Commission today announced three awards totaling approximately $18 million to three whistleblowers whose information and assistance led to a successful enforcement action. The first whistleblower provided the SEC with detailed and significant information that led to the opening...Thu, 19 Jan 2023 23:19:12 +0700https://companiesbio.com/sec-awards-approximately-18-million-to-three-whistleblowers-CBIO1313.htmlhttps://companiesbio.com/sec-awards-approximately-18-million-to-three-whistleblowers-CBIO1313.html267The Securities and Exchange Commission today announced that Renee Jones, Director of the Division of Corporation Finance, will depart the agency to return to her faculty position at Boston College Law School, effective Feb. 3, 2023. Erik Gerding, currently the Division’s Deputy Director, will be appointed...Fri, 13 Jan 2023 23:57:19 +0700https://companiesbio.com/sec-announces-departure-of-renee-jones-erik-gerding-named-director-of-division-of-corporation-finance-CBIO1281.htmlhttps://companiesbio.com/sec-announces-departure-of-renee-jones-erik-gerding-named-director-of-division-of-corporation-finance-CBIO1281.html407The Securities and Exchange Commission today announced an award of more than $5 million to a whistleblower whose information led to a successful SEC enforcement action.  The whistleblower provided a tip and additional information that helped SEC staff shape its investigative strategy, identify...Fri, 13 Jan 2023 22:19:05 +0700https://companiesbio.com/sec-awards-more-than-5-million-to-whistleblower-CBIO1279.htmlhttps://companiesbio.com/sec-awards-more-than-5-million-to-whistleblower-CBIO1279.html267The Securities and Exchange Commission today charged Genesis Global Capital, LLC and Gemini Trust Company, LLC for the unregistered offer and sale of securities to retail investors through the Gemini Earn crypto asset lending program. Through this unregistered offering, Genesis and Gemini raised billions...Fri, 13 Jan 2023 05:19:22 +0700https://companiesbio.com/sec-charges-genesis-and-gemini-for-the-unregistered-offer-and-sale-of-crypto-asset-securities-through-the-gemini-earn-lending-program-CBIO1270.htmlhttps://companiesbio.com/sec-charges-genesis-and-gemini-for-the-unregistered-offer-and-sale-of-crypto-asset-securities-through-the-gemini-earn-lending-program-CBIO1270.html839The Securities and Exchange Commission today announced that Paul Munter has been appointed Chief Accountant. He has served as Acting Chief Accountant since January 2021.  As Chief Accountant, Mr. Munter will continue to lead the Office of the Chief Accountant (OCA) and serve as the principal advisor...Wed, 11 Jan 2023 23:38:06 +0700https://companiesbio.com/paul-munter-named-chief-accountant-CBIO1250.htmlhttps://companiesbio.com/paul-munter-named-chief-accountant-CBIO1250.html209The Securities and Exchange Commission today announced the appointment of Cristina Martin Firvida as Director of the Office of the Investor Advocate, effective Jan. 17, 2023. Ms. Martin Firvida was most recently the Vice President of Financial Security and Livable Communities for Government Affairs at...Tue, 10 Jan 2023 23:19:10 +0700https://companiesbio.com/sec-announces-appointment-of-cristina-martin-firvida-as-investor-advocate-CBIO1235.htmlhttps://companiesbio.com/sec-announces-appointment-of-cristina-martin-firvida-as-investor-advocate-CBIO1235.html322The Securities and Exchange Commission today charged Stephen J. Easterbrook, former CEO of McDonald’s Corporation, with making false and misleading statements to investors about the circumstances leading to his termination in November 2019. McDonald’s also was charged for shortcomings in its public...Mon, 09 Jan 2023 21:19:05 +0700https://companiesbio.com/sec-charges-mcdonald-s-former-ceo-for-misrepresentations-about-his-termination-CBIO1222.htmlhttps://companiesbio.com/sec-charges-mcdonald-s-former-ceo-for-misrepresentations-about-his-termination-CBIO1222.html610The Securities and Exchange Commission today charged Randy Robertson, a former BlackRock Advisors, LLC portfolio manager, for failing to disclose a conflict of interest arising from his relationship with a film distribution company in which the fund he managed for BlackRock invested millions of dollars....Fri, 06 Jan 2023 02:19:15 +0700https://companiesbio.com/sec-charges-former-blackrock-portfolio-manager-with-undisclosed-conflict-of-interest-CBIO1206.htmlhttps://companiesbio.com/sec-charges-former-blackrock-portfolio-manager-with-undisclosed-conflict-of-interest-CBIO1206.html548The Securities and Exchange Commission today charged Neil Chandran, Garry Davidson, Michael Glaspie, Amy Mossel, Linda Knott, AEO Publishing Inc, Banner Co-Op, Inc, and BannersGo, LLC for their involvement in a fraudulent investment scheme named CoinDeal that raised more than $45 million from sales of...Thu, 05 Jan 2023 04:38:05 +0700https://companiesbio.com/sec-charges-creator-of-coindeal-crypto-scheme-and-seven-others-in-connection-with-45-million-fraud-CBIO1196.htmlhttps://companiesbio.com/sec-charges-creator-of-coindeal-crypto-scheme-and-seven-others-in-connection-with-45-million-fraud-CBIO1196.html716The Securities and Exchange Commission today announced fraud charges against Cooper J. Morgenthau, the former CFO of African Gold Acquisition Corp., a SPAC or special purpose acquisition company, for orchestrating a scheme in which he stole more than $5 million from the company and from investors in...Wed, 04 Jan 2023 04:19:05 +0700https://companiesbio.com/sec-charges-former-spac-cfo-for-orchestrating-5-million-fraud-scheme-CBIO1181.htmlhttps://companiesbio.com/sec-charges-former-spac-cfo-for-orchestrating-5-million-fraud-scheme-CBIO1181.html810The Securities and Exchange Commission today announced that former federal prosecutor Antonia M. Apps will become Regional Director of the New York Regional Office next month. Thomas Smith and Maurya Keating, who have served as Acting Co-Directors, remain as Associate Regional Directors of the Enforcement...Wed, 28 Dec 2022 00:57:05 +0700https://companiesbio.com/antonia-apps-named-director-of-new-york-regional-office-CBIO1145.htmlhttps://companiesbio.com/antonia-apps-named-director-of-new-york-regional-office-CBIO1145.html271The Securities and Exchange Commission today voted to approve the 2023 budget of the Public Company Accounting Oversight Board (PCAOB) and the related annual accounting support fee. “The PCAOB plays a critical role to ensure that investors can trust a company’s financial disclosures,” said SEC...Fri, 23 Dec 2022 22:19:05 +0700https://companiesbio.com/sec-approves-the-2023-public-company-accounting-oversight-board-budget-and-accounting-support-fee-CBIO1137.htmlhttps://companiesbio.com/sec-approves-the-2023-public-company-accounting-oversight-board-budget-and-accounting-support-fee-CBIO1137.html580The Securities and Exchange Commission today announced that General Counsel Dan Berkovitz will depart the agency, effective Jan. 31, 2023. Megan Barbero, currently SEC Principal Deputy General Counsel, will be appointed General Counsel, effective upon Mr. Berkovitz’s departure. "I am grateful for...Thu, 22 Dec 2022 22:57:06 +0700https://companiesbio.com/sec-announces-departure-of-dan-berkovitz-megan-barbero-named-general-counsel-CBIO1129.htmlhttps://companiesbio.com/sec-announces-departure-of-dan-berkovitz-megan-barbero-named-general-counsel-CBIO1129.html623The Securities and Exchange Commission today charged Caroline Ellison, the former CEO of Alameda Research, and Zixiao (Gary) Wang, the former Chief Technology Officer of FTX Trading Ltd. (FTX), for their roles in a multiyear scheme to defraud equity investors in FTX, the crypto trading platform co-founded...Thu, 22 Dec 2022 09:19:09 +0700https://companiesbio.com/sec-charges-caroline-ellison-and-gary-wang-with-defrauding-investors-in-crypto-asset-trading-platform-ftx-CBIO1122.htmlhttps://companiesbio.com/sec-charges-caroline-ellison-and-gary-wang-with-defrauding-investors-in-crypto-asset-trading-platform-ftx-CBIO1122.html913The Securities and Exchange Commission announced today that Sarah ten Siethoff has been named Deputy Director of the Division of Investment Management. In addition to serving as Deputy Director, Ms. ten Siethoff will continue serving as the Associate Director of the Division’s Rulemaking Office, a...Wed, 21 Dec 2022 22:38:10 +0700https://companiesbio.com/sarah-ten-siethoff-named-deputy-director-of-the-division-of-investment-management-CBIO1116.htmlhttps://companiesbio.com/sarah-ten-siethoff-named-deputy-director-of-the-division-of-investment-management-CBIO1116.html882The Securities and Exchange Commission today charged Nader Pourhassan, the former CEO of CytoDyn Inc., with fraud and insider trading in connection with providing misleading information to shareholders about the progress of a clinical research treatment for COVID-19 and HIV.  According to the SEC’s...Wed, 21 Dec 2022 00:57:15 +0700https://companiesbio.com/sec-charges-former-ceo-of-biotech-company-cytodyn-with-fraud-insider-trading-CBIO1106.htmlhttps://companiesbio.com/sec-charges-former-ceo-of-biotech-company-cytodyn-with-fraud-insider-trading-CBIO1106.html420The Securities and Exchange Commission today announced an award of more than $37 million to a whistleblower whose information led to a successful SEC enforcement action and a related action. The whistleblower was the initial source of the company’s internal investigation, as well as the source for...Tue, 20 Dec 2022 01:57:05 +0700https://companiesbio.com/sec-awards-more-than-37-million-to-whistleblower-CBIO1100.htmlhttps://companiesbio.com/sec-awards-more-than-37-million-to-whistleblower-CBIO1100.html61The Securities and Exchange Commission today announced charges against Honeywell International Inc. for violations of the Foreign Corrupt Practices Act (FCPA) arising out of bribery schemes that took place in Brazil and Algeria. The company has agreed to pay more than $81 million to settle the SEC’s...Tue, 20 Dec 2022 00:38:05 +0700https://companiesbio.com/sec-charges-honeywell-with-bribery-schemes-in-algeria-and-brazil-CBIO1097.htmlhttps://companiesbio.com/sec-charges-honeywell-with-bribery-schemes-in-algeria-and-brazil-CBIO1097.html181The Securities and Exchange Commission’s Office of the Advocate for Small Business Capital Formation issued its 2022 Annual Report  to Congress and the Commission. The report details how entrepreneurs and investors are building companies together, from startups to small public companies. The...Fri, 16 Dec 2022 22:57:14 +0700https://companiesbio.com/sec-small-business-advocacy-office-releases-annual-report-on-capital-raising-CBIO1087.htmlhttps://companiesbio.com/sec-small-business-advocacy-office-releases-annual-report-on-capital-raising-CBIO1087.html200The Securities and Exchange Commission today announced fraud charges against Lawrence Billimek, an employee of a major asset management firm with securities portfolios worth billions of dollars, and Alan Williams, who previously worked at several financial industry firms, for perpetrating a multi-year...Thu, 15 Dec 2022 05:38:05 +0700https://companiesbio.com/sec-charges-financial-services-professional-and-associate-in-47-million-front-running-scheme-CBIO1070.htmlhttps://companiesbio.com/sec-charges-financial-services-professional-and-associate-in-47-million-front-running-scheme-CBIO1070.html323The Securities and Exchange Commission today charged Francisley Valdevino Da Silva, Juan Antonio Tacuri Fajardo, Ramon Antonio Perez Arias, and Jose Ramiro Coronado Reyes for their roles in creating and promoting Forcount Trader Systems, Inc., a fraudulent crypto asset pyramid scheme that raised more...Thu, 15 Dec 2022 05:19:15 +0700https://companiesbio.com/sec-charges-four-individuals-in-crypto-pyramid-scheme-that-targeted-spanish-speaking-communities-CBIO1069.htmlhttps://companiesbio.com/sec-charges-four-individuals-in-crypto-pyramid-scheme-that-targeted-spanish-speaking-communities-CBIO1069.html441The Securities and Exchange Commission today proposed Regulation Best Execution, which would establish through Commission rules a best execution regulatory framework for brokers, dealers, government securities brokers, government securities dealers, and municipal securities dealers. While a best execution...Thu, 15 Dec 2022 04:57:15 +0700https://companiesbio.com/sec-proposes-regulation-best-execution-CBIO1068.htmlhttps://companiesbio.com/sec-proposes-regulation-best-execution-CBIO1068.html24The Securities and Exchange Commission today proposed a rule that would require certain orders of individual investors to be exposed to competition in fair and open auctions before such orders could be executed internally by any trading center that restricts order-by-order competition.  “Today’s...Thu, 15 Dec 2022 03:57:12 +0700https://companiesbio.com/sec-proposes-rule-to-enhance-competition-for-individual-investor-order-execution-CBIO1067.htmlhttps://companiesbio.com/sec-proposes-rule-to-enhance-competition-for-individual-investor-order-execution-CBIO1067.html335The Securities and Exchange Commission today proposed to amend certain rules under Regulation NMS to adopt variable minimum pricing increments, or “tick sizes,” for the quoting and trading of NMS stocks, reduce access fee caps for protected quotations, and accelerate the transparency of the best...Thu, 15 Dec 2022 02:19:16 +0700https://companiesbio.com/sec-proposes-rules-to-amend-minimum-pricing-increments-and-access-fee-caps-and-to-enhance-the-transparency-of-better-priced-orders-CBIO1063.htmlhttps://companiesbio.com/sec-proposes-rules-to-amend-minimum-pricing-increments-and-access-fee-caps-and-to-enhance-the-transparency-of-better-priced-orders-CBIO1063.html691The Securities and Exchange Commission today proposed amendments that would update the disclosure required under Rule 605 of Regulation NMS for order executions in national market system stocks, which are stocks listed on a national securities exchange. Rule 605 was adopted in 2000 and provides visibility...Thu, 15 Dec 2022 01:19:16 +0700https://companiesbio.com/sec-proposes-amendments-to-enhance-disclosure-of-order-execution-information-CBIO1061.htmlhttps://companiesbio.com/sec-proposes-amendments-to-enhance-disclosure-of-order-execution-information-CBIO1061.html194The Securities and Exchange Commission today adopted amendments to Rule 10b5-1 under the Securities Exchange Act of 1934 and new disclosure requirements to enhance investor protections against insider trading. The amendments include updates to Rule 10b5-1(c)(1), which provides an affirmative defense...Thu, 15 Dec 2022 00:19:05 +0700https://companiesbio.com/sec-adopts-amendments-to-modernize-rule-10b5-1-insider-trading-plans-and-related-disclosures-CBIO1056.htmlhttps://companiesbio.com/sec-adopts-amendments-to-modernize-rule-10b5-1-insider-trading-plans-and-related-disclosures-CBIO1056.html173The Securities and Exchange Commission today announced charges against eight individuals in a $100 million securities fraud scheme in which they used the social media platforms Twitter and Discord to manipulate exchange-traded stocks. According to the SEC, since at least January 2020, seven of the defendants...Wed, 14 Dec 2022 21:19:10 +0700https://companiesbio.com/sec-charges-eight-social-media-influencers-in-100-million-stock-manipulation-scheme-promoted-on-discord-and-twitter-CBIO1052.htmlhttps://companiesbio.com/sec-charges-eight-social-media-influencers-in-100-million-stock-manipulation-scheme-promoted-on-discord-and-twitter-CBIO1052.html797The Securities and Exchange Commission today announced fraud charges against Danske Bank, a multinational financial services corporation headquartered in Denmark, for misleading investors about its anti-money laundering (AML) compliance program in its Estonian branch and failing to disclose the risks...Wed, 14 Dec 2022 00:57:05 +0700https://companiesbio.com/sec-charges-danske-bank-with-fraud-for-misleading-investors-about-its-anti-money-laundering-compliance-failures-in-estonia-CBIO1045.htmlhttps://companiesbio.com/sec-charges-danske-bank-with-fraud-for-misleading-investors-about-its-anti-money-laundering-compliance-failures-in-estonia-CBIO1045.html928The Securities and Exchange Commission today charged Samuel Bankman-Fried with orchestrating a scheme to defraud equity investors in FTX Trading Ltd. (FTX), the crypto trading platform of which he was the CEO and co-founder. Investigations as to other securities law violations and into other entities...Tue, 13 Dec 2022 18:19:05 +0700https://companiesbio.com/sec-charges-samuel-bankman-fried-with-defrauding-investors-in-crypto-asset-trading-platform-ftx-CBIO1036.htmlhttps://companiesbio.com/sec-charges-samuel-bankman-fried-with-defrauding-investors-in-crypto-asset-trading-platform-ftx-CBIO1036.html779The Securities and Exchange Commission today announced an award of more than $20 million to a whistleblower who provided information and assistance that significantly contributed to a successful enforcement action. The whistleblower provided new information, met with Enforcement Division staff multiple...Tue, 13 Dec 2022 02:38:05 +0700https://companiesbio.com/sec-awards-more-than-20-million-to-whistleblower-CBIO1031.htmlhttps://companiesbio.com/sec-awards-more-than-20-million-to-whistleblower-CBIO1031.html927The Securities and Exchange Commission today charged venture capital firm Vika Ventures LLC and its CEO and co-founder, George Iakovou, with fraudulently offering and selling more than $6 million of securities to at least 46 individual investors in multiple states including California, Georgia, and New...Thu, 08 Dec 2022 04:19:13 +0700https://companiesbio.com/sec-charges-vika-ventures-and-its-ceo-in-6-million-fraudulent-offering-CBIO1012.htmlhttps://companiesbio.com/sec-charges-vika-ventures-and-its-ceo-in-6-million-fraudulent-offering-CBIO1012.html146The Securities and Exchange Commission today reopened the comment period on proposed amendments intended to modernize and improve the disclosure required about an issuer’s repurchases of its equity securities, often referred to as buybacks. The Commission is reopening the comment period because, after...Wed, 07 Dec 2022 22:38:13 +0700https://companiesbio.com/sec-reopens-comment-period-for-proposed-rule-on-share-repurchase-disclosure-modernization-CBIO1008.htmlhttps://companiesbio.com/sec-reopens-comment-period-for-proposed-rule-on-share-repurchase-disclosure-modernization-CBIO1008.html163The Securities and Exchange Commission today announced that AT&T agreed to pay a $6.25 million penalty and three company executives agreed to pay $25,000 apiece stemming from charges brought in March 2021 related to the company’s selective disclosure of material nonpublic information to research...Tue, 06 Dec 2022 02:19:05 +0700https://companiesbio.com/at-t-settles-sec-charge-of-selectively-disclosing-material-information-to-wall-st-analysts-CBIO983.htmlhttps://companiesbio.com/at-t-settles-sec-charge-of-selectively-disclosing-material-information-to-wall-st-analysts-CBIO983.html641The Securities and Exchange Commission today announced charges against global electrification and automation technology company, ABB Ltd, for violations of the Foreign Corrupt Practices Act (FCPA) arising out of a bribery scheme in South Africa. The company has agreed to pay a $75 million civil penalty...Sun, 04 Dec 2022 01:57:12 +0700https://companiesbio.com/abb-settles-sec-charges-that-it-engaged-in-bribery-scheme-in-south-africa-CBIO977.htmlhttps://companiesbio.com/abb-settles-sec-charges-that-it-engaged-in-bribery-scheme-in-south-africa-CBIO977.html316The Securities and Exchange Commission’s Investor Advisory Committee will hold a virtual public meeting on December 8 at 10 a.m. ET. The meeting will be webcast on the SEC website. The committee will host three panels to discuss: Account statement disclosures; Corporate tax transparency;...Fri, 02 Dec 2022 01:38:12 +0700https://companiesbio.com/sec-investor-advisory-committee-to-discuss-investor-account-statements-corporate-tax-transparency-and-single-stock-etfs-on-dec-8-CBIO961.htmlhttps://companiesbio.com/sec-investor-advisory-committee-to-discuss-investor-account-statements-corporate-tax-transparency-and-single-stock-etfs-on-dec-8-CBIO961.html421The Securities and Exchange Commission today announced that David L. Peavler, the Director of the Fort Worth Regional Office since 2019, is leaving the agency after more than 19 years of service. Eric R. Werner and Marshall Gandy will serve as the office’s Co-Acting Regional Directors when Mr. Peavler...Thu, 01 Dec 2022 23:57:22 +0700https://companiesbio.com/fort-worth-regional-director-david-l-peavler-to-leave-sec-CBIO959.htmlhttps://companiesbio.com/fort-worth-regional-director-david-l-peavler-to-leave-sec-CBIO959.html506The Securities and Exchange Commission today announced an award of $20 million to a whistleblower who provided new and critical information that led to the success of an enforcement action. In determining the appropriate award amount, the SEC considered that the whistleblower provided significant information...Mon, 28 Nov 2022 23:19:05 +0700https://companiesbio.com/sec-awards-20-million-to-whistleblower-CBIO929.htmlhttps://companiesbio.com/sec-awards-20-million-to-whistleblower-CBIO929.html302The Securities and Exchange Commission today released its Strategic Plan for fiscal years 2022 to 2026, outlining agency objectives to fight against fraud, maintain a robust and relevant regulatory framework, and sustain a skilled and diverse workforce to serve America’s investors and capital-raising...Thu, 24 Nov 2022 00:19:14 +0700https://companiesbio.com/sec-publishes-fy22-26-strategic-plan-CBIO908.htmlhttps://companiesbio.com/sec-publishes-fy22-26-strategic-plan-CBIO908.html997The Securities and Exchange Commission today charged Goldman Sachs Asset Management, L.P. (GSAM) for policies and procedures failures involving two mutual funds and one separately managed account strategy marketed as Environmental, Social, and Governance (ESG) investments. To settle the charges, GSAM...Wed, 23 Nov 2022 04:19:03 +0700https://companiesbio.com/sec-charges-goldman-sachs-asset-management-for-failing-to-follow-its-policies-and-procedures-involving-esg-investments-CBIO898.htmlhttps://companiesbio.com/sec-charges-goldman-sachs-asset-management-for-failing-to-follow-its-policies-and-procedures-involving-esg-investments-CBIO898.html122The Securities and Exchange Commission today instituted administrative proceedings against American CryptoFed DAO LLC (American CryptoFed), a Wyoming-based organization, to determine whether a stop order should be issued to suspend the registration of the offer and sale of two crypto assets, the Ducat...Sat, 19 Nov 2022 01:19:04 +0700https://companiesbio.com/sec-seeks-to-stop-the-registration-of-misleading-crypto-asset-offerings-CBIO875.htmlhttps://companiesbio.com/sec-seeks-to-stop-the-registration-of-misleading-crypto-asset-offerings-CBIO875.html153The Securities and Exchange Commission today charged Jeffrey K. Galvani, Stuart A. Jeffery, and two New York-based entities they controlled with operating as unregistered broker-dealers that facilitated more than $1.2 billion of securities trading, primarily in penny stocks. The SEC’s complaint alleges...Fri, 18 Nov 2022 04:19:11 +0700https://companiesbio.com/sec-charges-unregistered-brokers-that-facilitated-more-than-1-2-billion-in-primarily-penny-stock-trades-CBIO862.htmlhttps://companiesbio.com/sec-charges-unregistered-brokers-that-facilitated-more-than-1-2-billion-in-primarily-penny-stock-trades-CBIO862.html673The Securities and Exchange Commission today announced that it filed 760 total enforcement actions in fiscal year 2022, a 9 percent increase over the prior year. These included 462 new, or "stand alone," enforcement actions, a 6.5 percent increase over fiscal year 2021; 129 actions against issuers who...Tue, 15 Nov 2022 23:38:04 +0700https://companiesbio.com/sec-announces-enforcement-results-for-fy22-CBIO841.htmlhttps://companiesbio.com/sec-announces-enforcement-results-for-fy22-CBIO841.html261The Securities and Exchange Commission today charged S&P Global Ratings, a nationally recognized statistical rating organization (NRSRO) registered with the Commission, with violating conflict of interest rules designed to prevent sales and marketing considerations from influencing credit ratings. The...Tue, 15 Nov 2022 04:19:11 +0700https://companiesbio.com/sec-charges-s-p-global-ratings-with-conflict-of-interest-violations-CBIO831.htmlhttps://companiesbio.com/sec-charges-s-p-global-ratings-with-conflict-of-interest-violations-CBIO831.html585The Securities and Exchange Commission today announced insider trading charges against Ramkumar Rayapureddy, Chief Information Officer of pharmaceutical company Viatris Inc., which was formerly known as Mylan N.V. The SEC’s complaint, filed in the United States District Court for the Western District...Fri, 11 Nov 2022 04:38:11 +0700https://companiesbio.com/sec-charges-pharmaceutical-co-chief-information-officer-in-8-million-insider-trading-scheme-CBIO812.htmlhttps://companiesbio.com/sec-charges-pharmaceutical-co-chief-information-officer-in-8-million-insider-trading-scheme-CBIO812.html348The Securities and Exchange Commission today announced that Chief of Staff Prashant Yerramalli will leave the agency, effective Dec. 31, 2022. Amanda Fischer, currently Senior Counselor to Chair Gary Gensler, will be appointed Chief of Staff, effective upon Mr. Yerramalli’s departure. “I have the...Tue, 08 Nov 2022 02:38:03 +0700https://companiesbio.com/sec-announces-departure-of-chief-of-staff-prashant-yerramalli-and-appointment-of-amanda-fischer-to-the-role-CBIO781.htmlhttps://companiesbio.com/sec-announces-departure-of-chief-of-staff-prashant-yerramalli-and-appointment-of-amanda-fischer-to-the-role-CBIO781.html918The Securities and Exchange Commission today named Keith E. Cassidy and Natasha Vij Greiner as Deputy Directors of the Division of Examinations. “Our examinations function plays an essential role as the eyes and ears on the ground for the Commission,” said SEC Chair Gary Gensler. “Keith and Natasha...Mon, 07 Nov 2022 23:38:07 +0700https://companiesbio.com/keith-e-cassidy-and-natasha-vij-greiner-appointed-deputy-directors-of-division-of-examinations-CBIO779.htmlhttps://companiesbio.com/keith-e-cassidy-and-natasha-vij-greiner-appointed-deputy-directors-of-division-of-examinations-CBIO779.html470The Securities and Exchange Commission today announced charges against Douver Torres Braga, Joff Paradise, Keleionalani Akana Taylor, and Jonathan Tetreault for their roles in Trade Coin Club, a fraudulent crypto Ponzi scheme that raised more than 82,000 bitcoin, valued at $295 million at the time, from...Fri, 04 Nov 2022 23:57:07 +0700https://companiesbio.com/sec-charges-creator-of-global-crypto-ponzi-scheme-and-three-us-promoters-in-connection-with-295-million-fraud-CBIO767.htmlhttps://companiesbio.com/sec-charges-creator-of-global-crypto-ponzi-scheme-and-three-us-promoters-in-connection-with-295-million-fraud-CBIO767.html407The Securities and Exchange Commission today charged Jebara Igbara, the founder of Halal Capital LLC, in connection with a more than $8 million scheme that targeted investors from the New York metropolitan area’s Muslim community. According to the SEC’s complaint filed in federal court in Brooklyn,...Thu, 03 Nov 2022 03:19:06 +0700https://companiesbio.com/sec-charges-halal-capital-founder-with-multimillion-dollar-fraudulent-scheme-that-targeted-muslim-community-CBIO742.htmlhttps://companiesbio.com/sec-charges-halal-capital-founder-with-multimillion-dollar-fraudulent-scheme-that-targeted-muslim-community-CBIO742.html372The Securities and Exchange Commission today voted to propose amendments to better prepare open-end funds for stressed conditions and to mitigate dilution of shareholders’ interests. The rule and form amendments would enhance how funds manage their liquidity risks, require mutual funds to implement...Wed, 02 Nov 2022 23:38:10 +0700https://companiesbio.com/sec-proposes-enhancements-to-open-end-fund-liquidity-framework-CBIO736.htmlhttps://companiesbio.com/sec-proposes-enhancements-to-open-end-fund-liquidity-framework-CBIO736.html738The Securities and Exchange Commission today adopted amendments to Form N-PX to enhance the information mutual funds, exchange-traded funds, and certain other registered funds report about their proxy votes. The amendments will make these funds’ proxy voting records more usable and easier to analyze,...Wed, 02 Nov 2022 22:19:11 +0700https://companiesbio.com/sec-adopts-rules-to-enhance-proxy-voting-disclosure-by-registered-investment-funds-and-require-disclosure-of-say-on-pay-votes-for-institutional-investment-managers-CBIO735.htmlhttps://companiesbio.com/sec-adopts-rules-to-enhance-proxy-voting-disclosure-by-registered-investment-funds-and-require-disclosure-of-say-on-pay-votes-for-institutional-investment-managers-CBIO735.html839The Securities and Exchange Commission today charged six individuals, including a federal inmate, for conducting a freeriding scheme that defrauded multiple broker-dealers. The SEC’s complaint alleges that from May 2019 to early January 2021, Syed Arham Arbab, 25, and five others made more than $2...Mon, 31 Oct 2022 22:19:04 +0700https://companiesbio.com/sec-charges-incarcerated-felon-and-five-friends-in-2-million-fraud-scheme-CBIO713.htmlhttps://companiesbio.com/sec-charges-incarcerated-felon-and-five-friends-in-2-million-fraud-scheme-CBIO713.html467The Securities and Exchange Commission today announced an award of more than $10 million to a whistleblower who provided information and assistance that significantly contributed to a successful SEC enforcement action.  The whistleblower provided important documents and met twice with Enforcement...Mon, 31 Oct 2022 20:57:06 +0700https://companiesbio.com/sec-awards-more-than-10-million-to-whistleblower-CBIO712.htmlhttps://companiesbio.com/sec-awards-more-than-10-million-to-whistleblower-CBIO712.html378The Securities and Exchange Commission today announced that it updated its list of unregistered entities that use misleading information to solicit primarily non-U.S. investors, adding 35 soliciting entities, four impersonators of genuine firms, and four bogus regulators. The SEC’s list of soliciting...Thu, 27 Oct 2022 21:19:07 +0700https://companiesbio.com/sec-updates-list-of-firms-using-inaccurate-information-to-solicit-investors-CBIO688.htmlhttps://companiesbio.com/sec-updates-list-of-firms-using-inaccurate-information-to-solicit-investors-CBIO688.html370The Securities and Exchange Commission today proposed a new rule and rule amendments under the Investment Advisers Act of 1940 to prohibit registered investment advisers from outsourcing certain services and functions without conducting due diligence and monitoring of the service providers. “Registered...Wed, 26 Oct 2022 23:57:04 +0700https://companiesbio.com/sec-proposes-new-oversight-requirements-for-certain-services-outsourced-by-investment-advisers-CBIO675.htmlhttps://companiesbio.com/sec-proposes-new-oversight-requirements-for-certain-services-outsourced-by-investment-advisers-CBIO675.html494The Securities and Exchange Commission voted today to adopt rule and form amendments to require mutual funds and exchange-traded funds to transmit concise and visually engaging shareholder reports and to promote transparent and balanced presentations of fees and expenses in investment company advertisements. “Shareholder...Wed, 26 Oct 2022 22:57:04 +0700https://companiesbio.com/sec-adopts-amendments-to-modernize-fund-shareholder-reports-and-promote-transparent-fee-and-expense-related-information-in-fund-advertisements-CBIO673.htmlhttps://companiesbio.com/sec-adopts-amendments-to-modernize-fund-shareholder-reports-and-promote-transparent-fee-and-expense-related-information-in-fund-advertisements-CBIO673.html598The Securities and Exchange Commission today adopted rules to require securities exchanges to adopt listing standards that require issuers to develop and implement a policy providing for the recovery of erroneously awarded incentive-based compensation received by current or former executive officers....Wed, 26 Oct 2022 22:38:06 +0700https://companiesbio.com/sec-adopts-compensation-recovery-listing-standards-and-disclosure-rules-CBIO672.htmlhttps://companiesbio.com/sec-adopts-compensation-recovery-listing-standards-and-disclosure-rules-CBIO672.html80The Securities and Exchange Commission today charged Cronos Group Inc., a Nasdaq-listed cannabis company based in Toronto, for improperly accounting for millions of dollars of revenue and for other accounting misconduct in multiple reporting periods. The SEC also charged Cronos’s former Chief Commercial...Tue, 25 Oct 2022 03:38:10 +0700https://companiesbio.com/sec-charges-canadian-cannabis-company-and-former-senior-executive-with-accounting-fraud-CBIO654.htmlhttps://companiesbio.com/sec-charges-canadian-cannabis-company-and-former-senior-executive-with-accounting-fraud-CBIO654.html96The Securities and Exchange Commission today announced that Jason J. Burt has been named Regional Director of the Denver Office, where he has served as Acting Co-Director since July. “I am pleased that Jason will head the Denver Regional Office after an effective term as Acting Co-Director,” said...Mon, 24 Oct 2022 22:38:07 +0700https://companiesbio.com/sec-names-jason-j-burt-as-regional-director-of-the-denver-office-CBIO649.htmlhttps://companiesbio.com/sec-names-jason-j-burt-as-regional-director-of-the-denver-office-CBIO649.html583The Securities and Exchange Commission today announced that California-based Mattel Inc. has agreed to pay $3.5 million to settle charges relating to misstatements in its third and fourth quarter 2017 financial statements. Separately, the SEC is initiating litigation against Joshua Abrahams, a former...Sat, 22 Oct 2022 03:00:14 +0700https://companiesbio.com/sec-charges-mattel-with-financial-misstatements-and-former-pwc-audit-partner-with-improper-professional-conduct-CBIO642.htmlhttps://companiesbio.com/sec-charges-mattel-with-financial-misstatements-and-former-pwc-audit-partner-with-improper-professional-conduct-CBIO642.html664The Securities and Exchange Commission today charged New Jersey-based National Realty Investment Advisors LLC (NRIA) and four of its former executives with running a Ponzi-like scheme that raised approximately $600 million from about 2,000 investors.  The SEC’s complaint alleges that beginning...Thu, 13 Oct 2022 23:57:04 +0700https://companiesbio.com/new-jersey-real-estate-development-firm-and-four-executives-charged-with-600-million-ponzi-like-fraud-CBIO572.htmlhttps://companiesbio.com/new-jersey-real-estate-development-firm-and-four-executives-charged-with-600-million-ponzi-like-fraud-CBIO572.html861The Securities and Exchange Commission today voted to adopt amendments to the electronic recordkeeping, prompt production of records, and third-party recordkeeping service requirements applicable to broker-dealers, security-based swap dealers (SBSDs), and major security-based swap participants (MSBSPs)....Wed, 12 Oct 2022 22:19:06 +0700https://companiesbio.com/sec-adopts-rule-amendments-to-modernize-how-broker-dealers-preserve-electronic-records-and-enhance-the-electronic-recordkeeping-requirements-for-security-based-swap-entities-CBIO559.htmlhttps://companiesbio.com/sec-adopts-rule-amendments-to-modernize-how-broker-dealers-preserve-electronic-records-and-enhance-the-electronic-recordkeeping-requirements-for-security-based-swap-entities-CBIO559.html240The Securities and Exchange Commission today reopened the public comment periods for 11 Commission rulemaking releases and one request for comment due to a technological error that resulted in a number of public comments submitted through the Commission’s internet comment form not being received by...Sat, 08 Oct 2022 09:19:10 +0700https://companiesbio.com/sec-reopens-comment-periods-for-several-rulemaking-releases-due-to-technological-error-in-receiving-certain-comments-CBIO533.htmlhttps://companiesbio.com/sec-reopens-comment-periods-for-several-rulemaking-releases-due-to-technological-error-in-receiving-certain-comments-CBIO533.html803The Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee today released the agenda for its meeting on Thursday, Oct. 13, which will address entrepreneurship hubs and recent trends in taking a company public. Members of the public can watch the live meeting via...Fri, 07 Oct 2022 04:19:14 +0700https://companiesbio.com/small-business-advisory-committee-to-host-meeting-to-discuss-entrepreneurship-hubs-and-the-ipo-market-CBIO522.htmlhttps://companiesbio.com/small-business-advisory-committee-to-host-meeting-to-discuss-entrepreneurship-hubs-and-the-ipo-market-CBIO522.html507The Securities and Exchange Commission today announced that it will highlight the importance of long-term planning and investor resilience during World Investor Week (WIW) 2022, which takes place October 3-9. Planning for life’s unexpected challenges, being mindful of economic conditions, and...Mon, 03 Oct 2022 21:19:08 +0700https://companiesbio.com/sec-to-spotlight-financial-planning-and-resilience-during-world-investor-week-2022-CBIO489.htmlhttps://companiesbio.com/sec-to-spotlight-financial-planning-and-resilience-during-world-investor-week-2022-CBIO489.html272The Securities and Exchange Commission today announced charges against Kim Kardashian for touting on social media a crypto asset security offered and sold by EthereumMax without disclosing the payment she received for the promotion. Kardashian agreed to settle the charges, pay $1.26 million in penalties,...Mon, 03 Oct 2022 18:38:07 +0700https://companiesbio.com/sec-charges-kim-kardashian-for-unlawfully-touting-crypto-security-CBIO487.htmlhttps://companiesbio.com/sec-charges-kim-kardashian-for-unlawfully-touting-crypto-security-CBIO487.html282The Securities and Exchange Commission today announced charges against six individuals and two companies for their involvement in a fraudulent scheme to promote the securities of issuers that were conducting (or purporting to conduct) offerings pursuant to Regulation A, which, if certain conditions are...Sat, 01 Oct 2022 02:57:07 +0700https://companiesbio.com/sec-charges-eight-in-scheme-to-fraudulently-promote-securities-offerings-CBIO484.htmlhttps://companiesbio.com/sec-charges-eight-in-scheme-to-fraudulently-promote-securities-offerings-CBIO484.html869The Securities and Exchange Commission today announced insider trading charges against two Canadian software engineers who made $1.6 million by trading ahead of non-public, market-moving financial information. According to the SEC’s complaint, from at least May 2018 to July 2021, Harpreet Saini and...Fri, 30 Sep 2022 22:19:07 +0700https://companiesbio.com/sec-charges-two-canadian-software-engineers-with-insider-trading-CBIO482.htmlhttps://companiesbio.com/sec-charges-two-canadian-software-engineers-with-insider-trading-CBIO482.html529The Securities and Exchange Commission today charged audit firm RSM US LLP and three senior-level employees with improper professional conduct for failing to properly audit Revolution Lighting Technologies Inc.’s (“Revolution”) financial statements over a four-year period when Revolution was violating...Fri, 30 Sep 2022 21:00:13 +0700https://companiesbio.com/sec-charges-audit-firm-rsm-and-three-senior-level-employees-with-failure-to-properly-conduct-client-audits-CBIO481.htmlhttps://companiesbio.com/sec-charges-audit-firm-rsm-and-three-senior-level-employees-with-failure-to-properly-conduct-client-audits-CBIO481.html270The Securities and Exchange Commission today charged Barclays PLC and Barclays Bank PLC (BBPLC) in connection with the unregistered offer and sale of an unprecedented amount of securities due to a failure to implement any internal control to track such transactions in real time. Both firms restated their...Fri, 30 Sep 2022 03:19:07 +0700https://companiesbio.com/barclays-agrees-to-a-361-million-settlement-to-resolve-sec-charges-relating-to-over-issuances-of-securities-CBIO477.htmlhttps://companiesbio.com/barclays-agrees-to-a-361-million-settlement-to-resolve-sec-charges-relating-to-over-issuances-of-securities-CBIO477.html507The Securities and Exchange Commission today charged Justin Costello for using a false persona, as a Harvard-educated military veteran and hedge fund billionaire, to defraud investors out of millions of dollars. The SEC also charged Costello and David Ferraro, an associate of Costello’s, for promoting...Fri, 30 Sep 2022 00:38:07 +0700https://companiesbio.com/sec-charges-man-for-defrauding-investors-out-of-millions-of-dollars-by-posing-as-hedge-fund-billionaire-CBIO475.htmlhttps://companiesbio.com/sec-charges-man-for-defrauding-investors-out-of-millions-of-dollars-by-posing-as-hedge-fund-billionaire-CBIO475.html295SEC Chair Gary Gensler has directed the staff to carefully monitor developments as a result of Hurricanes Ian and Fiona. While the safety of local residents is the highest priority, the SEC invites inquiries from any person with obligations under the federal securities laws that may be affected by the...Thu, 29 Sep 2022 23:57:07 +0700https://companiesbio.com/sec-monitoring-impact-of-hurricanes-ian-and-fiona-on-capital-markets-CBIO474.htmlhttps://companiesbio.com/sec-monitoring-impact-of-hurricanes-ian-and-fiona-on-capital-markets-CBIO474.html373The Securities and Exchange Commission today charged Deloitte Touche Tohmatsu Certified Public Accountants LLP (Deloitte-China), the Chinese affiliate of the Deloitte global network of accounting firms, with failing to comply with fundamental U.S. auditing requirements in its component audits of U.S....Thu, 29 Sep 2022 22:19:11 +0700https://companiesbio.com/deloitte-s-chinese-affiliate-to-pay-20-million-penalty-for-asking-audit-clients-to-conduct-their-own-audit-work-CBIO473.htmlhttps://companiesbio.com/deloitte-s-chinese-affiliate-to-pay-20-million-penalty-for-asking-audit-clients-to-conduct-their-own-audit-work-CBIO473.html228The Securities and Exchange Commission today announced charges against The Hydrogen Technology Corporation, its former CEO, Michael Ross Kane, and Tyler Ostern, the CEO of Moonwalkers Trading Limited, a self-described “market making” firm, for their roles in effectuating the unregistered offers and...Thu, 29 Sep 2022 04:38:06 +0700https://companiesbio.com/sec-charges-the-hydrogen-technology-corp-and-its-former-ceo-for-market-manipulation-of-crypto-asset-securities-CBIO469.htmlhttps://companiesbio.com/sec-charges-the-hydrogen-technology-corp-and-its-former-ceo-for-market-manipulation-of-crypto-asset-securities-CBIO469.html354The Securities and Exchange Commission today announced charges against 15 broker-dealers and one affiliated investment adviser for widespread and longstanding failures by the firms and their employees to maintain and preserve electronic communications. The firms admitted the facts set forth in their...Wed, 28 Sep 2022 03:19:09 +0700https://companiesbio.com/sec-charges-16-wall-street-firms-with-widespread-recordkeeping-failures-CBIO464.htmlhttps://companiesbio.com/sec-charges-16-wall-street-firms-with-widespread-recordkeeping-failures-CBIO464.html251The Securities and Exchange Commission announced settled charges requiring Oracle Corporation to pay more than $23 million to resolve charges that it violated provisions of the Foreign Corrupt Practices Act (FCPA) when subsidiaries in Turkey, the United Arab Emirates (UAE), and India created and used...Tue, 27 Sep 2022 20:19:07 +0700https://companiesbio.com/sec-charges-oracle-a-second-time-for-violations-of-the-foreign-corrupt-practices-act-CBIO461.htmlhttps://companiesbio.com/sec-charges-oracle-a-second-time-for-violations-of-the-foreign-corrupt-practices-act-CBIO461.html766The Securities and Exchange Commission today charged Peter L. Coker Sr., Peter L. Coker Jr., and James T. Patten for their roles in orchestrating fraudulent manipulative securities trading schemes. These schemes included artificially inflating the share price of Hometown International, which operated...Tue, 27 Sep 2022 00:57:12 +0700https://companiesbio.com/sec-charges-father-son-duo-and-associate-in-market-manipulation-schemes-resulting-in-a-new-jersey-deli-with-a-100-million-valuation-CBIO457.htmlhttps://companiesbio.com/sec-charges-father-son-duo-and-associate-in-market-manipulation-schemes-resulting-in-a-new-jersey-deli-with-a-100-million-valuation-CBIO457.html469The Securities and Exchange Commission today announced settled charges against Compass Minerals International Inc. for misleading investors about a technology upgrade that the company claimed would reduce costs at its most significant mine, but in reality, had increased costs, and for failing to properly...Sat, 24 Sep 2022 03:38:10 +0700https://companiesbio.com/sec-charges-compass-minerals-for-misleading-investors-about-its-operations-at-world-s-largest-underground-salt-mine-CBIO451.htmlhttps://companiesbio.com/sec-charges-compass-minerals-for-misleading-investors-about-its-operations-at-world-s-largest-underground-salt-mine-CBIO451.html341The Securities and Exchange Commission today charged The Boeing Company and its former CEO, Dennis A. Muilenburg, with making materially misleading public statements following crashes of Boeing airplanes in 2018 and 2019. The crashes involved Boeing’s 737 MAX airplane and a flight control function...Fri, 23 Sep 2022 03:57:07 +0700https://companiesbio.com/boeing-to-pay-200-million-to-settle-sec-charges-that-it-misled-investors-about-the-737-max-CBIO444.htmlhttps://companiesbio.com/boeing-to-pay-200-million-to-settle-sec-charges-that-it-misled-investors-about-the-737-max-CBIO444.html294The Securities and Exchange Commission today charged the CEO of Cheetah Mobile Inc. and the company’s former President with insider trading for selling Cheetah Mobile’s securities, pursuant to a purported 10b5-1 trading plan, while in possession of material nonpublic information. The SEC’s order...Wed, 21 Sep 2022 19:38:15 +0700https://companiesbio.com/sec-charges-cheetah-mobile-s-ceo-and-its-former-president-with-insider-trading-CBIO424.htmlhttps://companiesbio.com/sec-charges-cheetah-mobile-s-ceo-and-its-former-president-with-insider-trading-CBIO424.html634The Securities and Exchange Commission today announced charges against Morgan Stanley Smith Barney LLC (MSSB) stemming from the firm’s extensive failures, over a five-year period, to protect the personal identifying information, or PII, of approximately 15 million customers. MSSB has agreed to pay...Tue, 20 Sep 2022 18:00:15 +0700https://companiesbio.com/morgan-stanley-smith-barney-to-pay-35-million-for-extensive-failures-to-safeguard-personal-information-of-millions-of-customers-CBIO413.htmlhttps://companiesbio.com/morgan-stanley-smith-barney-to-pay-35-million-for-extensive-failures-to-safeguard-personal-information-of-millions-of-customers-CBIO413.html313The Securities and Exchange Commission today issued a cease-and-desist order against Sparkster Ltd. and its CEO, Sajjad Daya, for the unregistered offer and sale of crypto asset securities from April 2018 through July 2018 and charged crypto influencer Ian Balina for failing to disclose compensation...Tue, 20 Sep 2022 01:57:10 +0700https://companiesbio.com/sparkster-to-pay-35-million-to-harmed-investor-fund-for-unregistered-crypto-asset-offering-CBIO411.htmlhttps://companiesbio.com/sparkster-to-pay-35-million-to-harmed-investor-fund-for-unregistered-crypto-asset-offering-CBIO411.html398The Securities and Exchange Commission’s Investor Advisory Committee will hold a virtual public meeting on September 21 at 10 a.m. ET. The meeting will be webcast on the SEC website. The committee will host four panels to discuss: Human capital management labor valuation and performance...Tue, 20 Sep 2022 01:19:07 +0700https://companiesbio.com/sec-investor-advisory-committee-to-discuss-human-capital-labor-valuation-security-based-swaps-beneficial-ownership-and-esg-disclosure-on-sept-21-CBIO410.htmlhttps://companiesbio.com/sec-investor-advisory-committee-to-discuss-human-capital-labor-valuation-security-based-swaps-beneficial-ownership-and-esg-disclosure-on-sept-21-CBIO410.html181Researchers from the SEC’s Office of the Investor Advocate (OIAD) released an independent research study examining the impact of mutual fund performance benchmarks on investor decision-making, and potential strategic behavior by firms in displaying benchmarks. This study examines market data and the...Tue, 20 Sep 2022 00:38:07 +0700https://companiesbio.com/office-of-the-investor-advocate-releases-research-study-on-fund-performance-benchmarks-CBIO408.htmlhttps://companiesbio.com/office-of-the-investor-advocate-releases-research-study-on-fund-performance-benchmarks-CBIO408.html540The Securities and Exchange Commission today charged Brazil’s second largest domestic airline, GOL Linhas Aéreas Inteligentes, for violating the Foreign Corrupt Practices Act (FCPA). The São Paulo-based company, also known as Gol Intelligent Airlines, agreed to pay $70 million to settle the SEC charges. According...Fri, 16 Sep 2022 05:19:15 +0700https://companiesbio.com/sec-charges-gol-intelligent-airlines-brazil-s-second-largest-airline-with-fcpa-violations-CBIO393.htmlhttps://companiesbio.com/sec-charges-gol-intelligent-airlines-brazil-s-second-largest-airline-with-fcpa-violations-CBIO393.html8The Securities and Exchange Commission today charged Chicago-based Loop Capital Markets, LLC for providing advice to a municipal entity without registering as a municipal advisor. The action marks the first time the SEC has charged a broker-dealer for violating the municipal advisor registration rule. According...Thu, 15 Sep 2022 00:19:12 +0700https://companiesbio.com/sec-charges-loop-capital-markets-in-first-action-against-broker-dealer-for-violating-municipal-advisor-registration-rule-CBIO374.htmlhttps://companiesbio.com/sec-charges-loop-capital-markets-in-first-action-against-broker-dealer-for-violating-municipal-advisor-registration-rule-CBIO374.html993The Securities and Exchange Commission today proposed rule changes that would enhance risk management practices for central counterparties in the U.S. Treasury market and facilitate additional clearing of U.S. Treasury securities transactions. The proposed rule changes would update the membership standards...Wed, 14 Sep 2022 22:38:18 +0700https://companiesbio.com/sec-proposes-rules-to-improve-risk-management-in-clearance-and-settlement-and-to-facilitate-additional-central-clearing-for-the-u-s-treasury-market-CBIO372.htmlhttps://companiesbio.com/sec-proposes-rules-to-improve-risk-management-in-clearance-and-settlement-and-to-facilitate-additional-central-clearing-for-the-u-s-treasury-market-CBIO372.html604The Securities and Exchange Commission today filed a litigated action against Oppenheimer & Co. Inc. and separately announced settlements with BNY Mellon Capital Markets LLC, TD Securities (USA) LLC, and Jefferies LLC, charging each of the four firms with failing to comply with municipal bond offering...Tue, 13 Sep 2022 19:38:15 +0700https://companiesbio.com/sec-charges-four-underwriters-in-first-actions-enforcing-municipal-bond-disclosure-law-CBIO364.htmlhttps://companiesbio.com/sec-charges-four-underwriters-in-first-actions-enforcing-municipal-bond-disclosure-law-CBIO364.html389The Securities and Exchange Commission today charged VMware Inc. for misleading investors about its order backlog management practices, which enabled the Palo Alto, California-based technology company to push revenue into future quarters by delaying product deliveries to customers, concealing the company’s...Tue, 13 Sep 2022 03:38:08 +0700https://companiesbio.com/sec-charges-vmware-with-misleading-investors-by-obscuring-financial-performance-CBIO359.htmlhttps://companiesbio.com/sec-charges-vmware-with-misleading-investors-by-obscuring-financial-performance-CBIO359.html52The Securities and Exchange Commission announced charges today against registered investment advisers Hudson Advisors L.P. and Lone Star Global Acquisitions Ltd. for including Hudson’s owner’s anticipated income tax liability as a component of certain fees charged to 14 private equity funds they...Mon, 12 Sep 2022 21:57:13 +0700https://companiesbio.com/sec-charges-hudson-advisors-and-lone-star-global-for-failing-to-disclose-that-fund-fees-included-more-than-50-million-of-owner-s-income-tax-liability-CBIO355.htmlhttps://companiesbio.com/sec-charges-hudson-advisors-and-lone-star-global-for-failing-to-disclose-that-fund-fees-included-more-than-50-million-of-owner-s-income-tax-liability-CBIO355.html661The Securities and Exchange Commission today announced plans to add an Office of Crypto Assets and an Office of Industrial Applications and Services to the Division of Corporation Finance's Disclosure Review Program (DRP). The DRP has long had offices to review company filings by issuers. The two new...Sat, 10 Sep 2022 03:19:16 +0700https://companiesbio.com/sec-division-of-corporation-finance-to-add-industry-offices-focused-on-crypto-assets-and-industrial-applications-and-services-CBIO347.htmlhttps://companiesbio.com/sec-division-of-corporation-finance-to-add-industry-offices-focused-on-crypto-assets-and-industrial-applications-and-services-CBIO347.html477The Securities and Exchange Commission today adopted amendments to its rules to implement inflation adjustments mandated by the Jumpstart Our Business Startups (JOBS) Act. The SEC is required to make inflation adjustments to certain JOBS Act rules at least once every five years. The new thresholds will...Fri, 09 Sep 2022 21:38:10 +0700https://companiesbio.com/sec-adopts-jobs-act-inflation-adjustments-CBIO342.htmlhttps://companiesbio.com/sec-adopts-jobs-act-inflation-adjustments-CBIO342.html298The Securities and Exchange Commission today announced charges against a number of investment advisers that failed to comply with requirements relating to safekeeping client assets and/or to timely update their SEC disclosures to reflect the status of audits of financial statements for the private funds...Fri, 09 Sep 2022 20:19:26 +0700https://companiesbio.com/sec-charges-two-advisory-firms-for-custody-rule-violations-one-for-form-adv-violations-and-six-for-both-CBIO341.htmlhttps://companiesbio.com/sec-charges-two-advisory-firms-for-custody-rule-violations-one-for-form-adv-violations-and-six-for-both-CBIO341.html51The Securities and Exchange Commission today charged New York-based investment adviser Perceptive Advisors LLC with failing to disclose conflicts of interest regarding its personnel’s ownership of sponsors of special purpose acquisition companies (SPACs) into which Perceptive advised its clients to...Wed, 07 Sep 2022 01:38:10 +0700https://companiesbio.com/sec-charges-perceptive-advisors-for-failing-to-disclose-spac-related-conflicts-of-interest-CBIO313.htmlhttps://companiesbio.com/sec-charges-perceptive-advisors-for-failing-to-disclose-spac-related-conflicts-of-interest-CBIO313.html318The Securities and Exchange Commission today charged Energy Innovation Capital Management, LLC (EIC), a California-based exempt reporting adviser, with charging excess management fees from two venture capital funds. EIC has returned $678,681 plus interest to the funds and their limited partners, and...Sat, 03 Sep 2022 00:19:08 +0700https://companiesbio.com/sec-charges-venture-capital-adviser-energy-innovation-capital-management-for-overcharging-fees-CBIO295.htmlhttps://companiesbio.com/sec-charges-venture-capital-adviser-energy-innovation-capital-management-for-overcharging-fees-CBIO295.html844The Securities and Exchange Commission today charged two North Carolina-based executives, Gregory E. Lindberg and Christopher Herwig, and their Malta-based registered investment adviser, Standard Advisory Services Limited, for defrauding clients out of more than $75 million through undisclosed transactions...Wed, 31 Aug 2022 02:19:12 +0700https://companiesbio.com/sec-charges-advisory-firm-and-executives-with-devising-an-elaborate-scheme-to-defraud-clients-out-of-more-than-75-million-CBIO261.htmlhttps://companiesbio.com/sec-charges-advisory-firm-and-executives-with-devising-an-elaborate-scheme-to-defraud-clients-out-of-more-than-75-million-CBIO261.html166The Securities and Exchange Commission announced that the fees that public companies and other issuers pay to register their securities with the Commission will increase from $92.70 per million dollars to $110.20 per million dollars, effective Oct. 1. The new fee rate will be applicable to the registration...Sat, 27 Aug 2022 01:38:16 +0700https://companiesbio.com/sec-issues-first-fee-rate-advisory-for-fiscal-year-2023-CBIO241.htmlhttps://companiesbio.com/sec-issues-first-fee-rate-advisory-for-fiscal-year-2023-CBIO241.html644The Securities and Exchange Commission today adopted two amendments to the rules governing its whistleblower program. The first rule change allows the Commission to pay whistleblowers for their information and assistance in connection with non-SEC actions in additional circumstances. The second rule...Sat, 27 Aug 2022 01:19:15 +0700https://companiesbio.com/sec-amends-whistleblower-rules-to-incentivize-whistleblower-tips-CBIO240.htmlhttps://companiesbio.com/sec-amends-whistleblower-rules-to-incentivize-whistleblower-tips-CBIO240.html351The Securities and Exchange Commission today charged Granite Construction, Incorporated and its former Senior Vice President, Dale Swanberg, with fraud for inflating the financial performance of the major subdivision Swanberg managed. In 2021, Granite restated its financial statements from 2017 through...Fri, 26 Aug 2022 03:19:13 +0700https://companiesbio.com/sec-charges-infrastructure-company-granite-construction-and-former-executive-with-financial-reporting-fraud-CBIO230.htmlhttps://companiesbio.com/sec-charges-infrastructure-company-granite-construction-and-former-executive-with-financial-reporting-fraud-CBIO230.html510The Securities and Exchange Commission today adopted amendments to its rules to require registrants to disclose information reflecting the relationship between executive compensation actually paid by a registrant and the registrant’s financial performance. The rules implement a requirement mandated...Fri, 26 Aug 2022 02:19:08 +0700https://companiesbio.com/sec-adopts-pay-versus-performance-disclosure-rules-CBIO228.htmlhttps://companiesbio.com/sec-adopts-pay-versus-performance-disclosure-rules-CBIO228.html939The Securities and Exchange Commission today released for public comment a draft strategic plan for fiscal years 2022 to 2026. “We can’t take our leadership in capital markets for granted,” said SEC Chair Gary Gensler. “Technology and business models always are changing, and it is important...Thu, 25 Aug 2022 01:38:14 +0700https://companiesbio.com/sec-publishes-draft-fy22-26-strategic-plan-for-public-comment-CBIO221.htmlhttps://companiesbio.com/sec-publishes-draft-fy22-26-strategic-plan-for-public-comment-CBIO221.html336The Securities and Exchange Commission today charged Global Business Development and Consulting Corp. (Global) and its owner, Anthony J. Mastroianni, Jr., in connection with a $1.2 million fraudulent promissory note scheme targeting older Americans. According to the SEC’s complaint, Mastroianni, a...Thu, 18 Aug 2022 01:57:12 +0700https://companiesbio.com/sec-charges-barred-broker-and-his-company-with-defrauding-older-americans-CBIO178.htmlhttps://companiesbio.com/sec-charges-barred-broker-and-his-company-with-defrauding-older-americans-CBIO178.html107The Securities and Exchange Commission today charged Eagle Bancorp, Inc., based in Bethesda, Maryland, and its former Chief Executive Officer and Chairman of the Board, Ronald D. Paul, with negligently making false and misleading statements about related party loans extended by the bank to Paul’s family...Wed, 17 Aug 2022 03:38:15 +0700https://companiesbio.com/sec-charges-eagle-bancorp-and-former-ceo-with-failing-to-disclose-related-party-loans-CBIO168.htmlhttps://companiesbio.com/sec-charges-eagle-bancorp-and-former-ceo-with-failing-to-disclose-related-party-loans-CBIO168.html407The Securities and Exchange Commission today charged 18 individuals and entities for their roles in a fraudulent scheme in which dozens of online retail brokerage accounts were hacked and improperly used to purchase microcap stocks to manipulate the price and trading volume of those stocks. Those charged...Tue, 16 Aug 2022 03:38:08 +0700https://companiesbio.com/sec-charges-18-defendants-in-international-scheme-to-manipulate-stocks-using-hacked-us-brokerage-accounts-CBIO158.htmlhttps://companiesbio.com/sec-charges-18-defendants-in-international-scheme-to-manipulate-stocks-using-hacked-us-brokerage-accounts-CBIO158.html99The Securities and Exchange Commission today announced that Monique C. Winkler has been named Regional Director of the San Francisco Regional Office. Ms. Winkler has served as the office’s Acting Regional Director since March 2022 and as the Associate Regional Director for Enforcement in the San Francisco...Tue, 16 Aug 2022 01:19:14 +0700https://companiesbio.com/sec-names-monique-winkler-as-regional-director-of-san-francisco-office-CBIO155.htmlhttps://companiesbio.com/sec-names-monique-winkler-as-regional-director-of-san-francisco-office-CBIO155.html516The Securities and Exchange Commission today announced that Nicholas P. Grippo has been named Regional Director of the Philadelphia Regional Office, effective September 12, 2022. Mr. Grippo currently serves as Chief of the Criminal Division for the U.S. Attorney’s Office for the District of New Jersey...Tue, 16 Aug 2022 00:19:12 +0700https://companiesbio.com/sec-names-nicholas-grippo-as-regional-director-of-philadelphia-office-CBIO154.htmlhttps://companiesbio.com/sec-names-nicholas-grippo-as-regional-director-of-philadelphia-office-CBIO154.html993The Securities and Exchange Commission today announced that Lori H. Price has been named Director of the Office of Credit Ratings (OCR), effective Aug. 14, 2022. She has served as Acting Director since February 2022 and has more than 30 years of experience in various roles at the SEC. "I am pleased...Fri, 12 Aug 2022 21:38:07 +0700https://companiesbio.com/lori-h-price-named-director-of-office-of-credit-ratings-CBIO135.htmlhttps://companiesbio.com/lori-h-price-named-director-of-office-of-credit-ratings-CBIO135.html11The Securities and Exchange Commission today voted to propose amendments to Form PF, the confidential reporting form for certain SEC-registered investment advisers to private funds. The amendments, which the Commodity Futures Trading Commission (CFTC) is concurrently considering to propose jointly with...Wed, 10 Aug 2022 22:45:05 +0700https://companiesbio.com/sec-proposes-to-enhance-private-fund-reporting-CBIO111.htmlhttps://companiesbio.com/sec-proposes-to-enhance-private-fund-reporting-CBIO111.html271The Securities and Exchange Commission today charged Atlanta-based Angel Oak Capital Advisors, LLC and its portfolio manager Ashish Negandhi for misleading investors about the firm’s fix-and-flip loan securitization’s delinquency rates. Angel Oak and Negandhi have agreed to settle charges and pay...Wed, 10 Aug 2022 21:10:07 +0700https://companiesbio.com/sec-charges-angel-oak-capital-advisors-with-misleading-investors-in-90-million-fix-and-flip-securitization-CBIO105.htmlhttps://companiesbio.com/sec-charges-angel-oak-capital-advisors-with-misleading-investors-in-90-million-fix-and-flip-securitization-CBIO105.html21The Securities and Exchange Commission today announced awards of more than $16 million to two whistleblowers who provided information and assistance in a successful SEC enforcement action.   The first whistleblower prompted the opening of the investigation and provided information on difficult-to-detect...Wed, 10 Aug 2022 01:00:10 +0700https://companiesbio.com/sec-awards-more-than-16-million-to-two-whistleblowers-CBIO100.htmlhttps://companiesbio.com/sec-awards-more-than-16-million-to-two-whistleblowers-CBIO100.html320The Securities and Exchange Commission today proposed new rules to help improve governance arrangements across all registered clearing agencies by reducing the likelihood that conflicts of interest may influence the board of directors or equivalent governing body of a registered clearing agency. "I...Tue, 09 Aug 2022 00:38:07 +0700https://companiesbio.com/sec-proposes-rules-to-improve-clearing-agency-governance-and-to-mitigate-conflicts-of-interest-CBIO90.htmlhttps://companiesbio.com/sec-proposes-rules-to-improve-clearing-agency-governance-and-to-mitigate-conflicts-of-interest-CBIO90.html75The Securities and Exchange Commission today charged Surgalign Holdings, Inc., formerly RTI Surgical Holdings, Inc., and former executives Brian Hutchison and Robert Jordheim for masking disappointing sales numbers by shipping future orders ahead of schedule to accelerate, or “pull forward,” revenue...Thu, 04 Aug 2022 04:57:08 +0700https://companiesbio.com/sec-charges-surgical-implant-manufacturer-surgalign-and-former-senior-executives-with-accounting-and-disclosure-fraud-CBIO74.htmlhttps://companiesbio.com/sec-charges-surgical-implant-manufacturer-surgalign-and-former-senior-executives-with-accounting-and-disclosure-fraud-CBIO74.html212The Securities and Exchange Commission today announced the appointment of Anthony (Tony) C. Thompson to a second term as a Board Member of the Public Company Accounting Oversight Board (PCAOB). Mr. Thompson joined the Board on January 3, 2022, filling a term that expires on October 24, 2022. His second...Wed, 03 Aug 2022 01:19:08 +0700https://companiesbio.com/sec-appoints-anthony-c-thompson-to-second-term-on-pcaob-CBIO66.htmlhttps://companiesbio.com/sec-appoints-anthony-c-thompson-to-second-term-on-pcaob-CBIO66.html702The Securities and Exchange Commission today announced settled charges against a convertible note dealer, Crown Bridge Partners, LLC, and its managing members, Soheil and Sepas Ahdoot of Great Neck, N.Y., for failing to register with the SEC as securities dealers. As part of the settlement, the Ahdoots...Tue, 02 Aug 2022 22:19:09 +0700https://companiesbio.com/sec-charges-convertible-note-dealer-and-its-long-island-based-owners-for-failure-to-register-CBIO65.htmlhttps://companiesbio.com/sec-charges-convertible-note-dealer-and-its-long-island-based-owners-for-failure-to-register-CBIO65.html720The Securities and Exchange Commission today charged 11 individuals for their roles in creating and promoting Forsage, a fraudulent crypto pyramid and Ponzi scheme that raised more than $300 million from millions of retail investors worldwide, including in the United States. Those charged include the...Mon, 01 Aug 2022 23:19:07 +0700https://companiesbio.com/sec-charges-eleven-individuals-in-300-million-crypto-pyramid-scheme-CBIO62.htmlhttps://companiesbio.com/sec-charges-eleven-individuals-in-300-million-crypto-pyramid-scheme-CBIO62.html861The Securities and Exchange Commission today re-proposed rule amendments that would narrow the exemption from Section 15(b)(8) of the Securities Exchange Act, which requires any broker or dealer registered with the Commission to become a member of a national securities association unless the broker or...Sat, 30 Jul 2022 02:38:07 +0700https://companiesbio.com/sec-re-proposes-amendments-to-exemption-from-national-securities-association-membership-CBIO58.htmlhttps://companiesbio.com/sec-re-proposes-amendments-to-exemption-from-national-securities-association-membership-CBIO58.html86The Securities and Exchange Commission today released a report to Congress, which summarizes policy recommendations made during the 41st Annual Government-Business Forum on Small Business Capital Formation. The report provides a summary of the forum proceedings, including the recommendations developed...Fri, 29 Jul 2022 05:57:07 +0700https://companiesbio.com/new-report-from-the-small-business-forum-includes-recommendations-to-improve-capital-raising-CBIO56.htmlhttps://companiesbio.com/new-report-from-the-small-business-forum-includes-recommendations-to-improve-capital-raising-CBIO56.html29The Securities and Exchange Commission today separately charged J.P. Morgan Securities LLC, UBS Financial Services Inc., and TradeStation Securities, Inc. for deficiencies in their programs to prevent customer identity theft, in violation of the SEC’s Identity Theft Red Flags Rule, or Regulation S-ID. According...Thu, 28 Jul 2022 03:57:08 +0700https://companiesbio.com/sec-charges-jpmorgan-ubs-and-tradestation-for-deficiencies-relating-to-the-prevention-of-customer-identity-theft-CBIO41.htmlhttps://companiesbio.com/sec-charges-jpmorgan-ubs-and-tradestation-for-deficiencies-relating-to-the-prevention-of-customer-identity-theft-CBIO41.html860The Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee today released the agenda for its virtual meeting on Tuesday, Aug. 2, which will address liquidity challenges for investors in small and emerging businesses. The Committee, which provides advice and recommendations...Thu, 28 Jul 2022 02:00:09 +0700https://companiesbio.com/sec-small-business-advisory-committee-to-discuss-liquidity-challenges-for-investors-in-small-and-emerging-businesses-CBIO38.htmlhttps://companiesbio.com/sec-small-business-advisory-committee-to-discuss-liquidity-challenges-for-investors-in-small-and-emerging-businesses-CBIO38.html588The Securities and Exchange Commission today announced insider trading charges against David Roda, a former software engineer at Penn National Gaming’s subsidiary Penn Interactive Ventures, in connection with the parent company’s $2 billion acquisition of Toronto-based Score Media and Gaming, Inc. The...Thu, 28 Jul 2022 00:57:08 +0700https://companiesbio.com/sec-charges-former-employee-of-online-gambling-company-with-insider-trading-CBIO36.htmlhttps://companiesbio.com/sec-charges-former-employee-of-online-gambling-company-with-insider-trading-CBIO36.html26The Securities and Exchange Commission today voted to adopt amendments to its rules governing proxy voting advice as proposed in November 2021. The final amendments aim to avoid burdens on proxy voting advice businesses that may impair the timeliness and independence of their advice. The amendments also...Thu, 28 Jul 2022 00:57:08 +0700https://companiesbio.com/sec-adopts-amendments-to-proxy-rules-governing-proxy-voting-advice-CBIO35.htmlhttps://companiesbio.com/sec-adopts-amendments-to-proxy-rules-governing-proxy-voting-advice-CBIO35.html114The Securities and Exchange Commission today proposed amendments to the rule that governs the process for including shareholder proposals in a company’s proxy statement. Under Rule 14a-8, companies generally must include shareholder proposals in their proxy statements. The rule, however, provides several...Thu, 28 Jul 2022 00:57:07 +0700https://companiesbio.com/sec-proposes-amendments-to-shareholder-proposal-rule-CBIO34.htmlhttps://companiesbio.com/sec-proposes-amendments-to-shareholder-proposal-rule-CBIO34.html430The Securities and Exchange Commission today announced awards totaling more than $6 million to two whistleblowers who provided critical information and assistance in two separate covered actions. In the first order, the SEC issued an award of more than $3 million to a whistleblower who was solicited...Thu, 28 Jul 2022 00:57:07 +0700https://companiesbio.com/sec-awards-whistleblowers-more-than-6-million-CBIO33.htmlhttps://companiesbio.com/sec-awards-whistleblowers-more-than-6-million-CBIO33.html114The Securities and Exchange Commission today announced that Jaime Lizárraga has been sworn into office as a Commissioner by Chair Gary Gensler. Commissioner Lizárraga was nominated by President Biden earlier this year and confirmed by the U.S. Senate on June 16. "I’m honored to welcome Jaime to...Thu, 28 Jul 2022 00:19:09 +0700https://companiesbio.com/jaime-lizarraga-sworn-in-as-sec-commissioner-CBIO32.htmlhttps://companiesbio.com/jaime-lizarraga-sworn-in-as-sec-commissioner-CBIO32.html788The Securities and Exchange Commission today announced fraud charges against Equitable Financial Life Insurance Company for providing account statements to about 1.4 million variable annuity investors that included materially misleading statements and omissions concerning investor fees. Equitable agreed...Thu, 28 Jul 2022 00:19:09 +0700https://companiesbio.com/equitable-financial-to-pay-50-million-penalty-to-settle-sec-charges-that-it-provided-misleading-account-statements-to-investors-CBIO31.htmlhttps://companiesbio.com/equitable-financial-to-pay-50-million-penalty-to-settle-sec-charges-that-it-provided-misleading-account-statements-to-investors-CBIO31.html252The Securities and Exchange Commission today announced an award of more than $17 million to a whistleblower who provided information and assistance in a covered action and related action. The whistleblower’s information prompted SEC staff to open a new investigation that led to the successful covered...Thu, 28 Jul 2022 00:19:09 +0700https://companiesbio.com/sec-issues-more-than-17-million-award-to-a-whistleblower-CBIO30.htmlhttps://companiesbio.com/sec-issues-more-than-17-million-award-to-a-whistleblower-CBIO30.html168The Securities and Exchange Commission today announced charges against Health Insurance Innovations (HII) and its former CEO Gavin Southwell for concealing extensive consumer complaints about short-term and limited health insurance products HII offered. HII has since changed its name to Benefytt Technologies...Thu, 28 Jul 2022 00:19:09 +0700https://companiesbio.com/sec-charges-tampa-based-health-insurance-distributor-and-its-former-ceo-with-making-false-statements-to-investors-CBIO29.htmlhttps://companiesbio.com/sec-charges-tampa-based-health-insurance-distributor-and-its-former-ceo-with-making-false-statements-to-investors-CBIO29.html644The Securities and Exchange Commission today announced insider trading charges against a former Coinbase product manager, his brother, and his friend for perpetrating a scheme to trade ahead of multiple announcements regarding certain crypto assets that would be made available for trading on the Coinbase...Thu, 28 Jul 2022 00:19:08 +0700https://companiesbio.com/sec-charges-former-coinbase-manager-two-others-in-crypto-asset-insider-trading-action-CBIO28.htmlhttps://companiesbio.com/sec-charges-former-coinbase-manager-two-others-in-crypto-asset-insider-trading-action-CBIO28.html298The Securities and Exchange Commission today filed insider trading charges against Stephen Buyer, a former U.S. Representative for Indiana's 4th Congressional District. According to the SEC’s complaint, after leaving Congress in 2011, Buyer formed a consulting firm, the Steve Buyer Group, which provided...Wed, 27 Jul 2022 22:54:52 +0700https://companiesbio.com/sec-charges-former-indiana-congressman-with-insider-trading-CBIO27.htmlhttps://companiesbio.com/sec-charges-former-indiana-congressman-with-insider-trading-CBIO27.html702The Securities and Exchange Commission today filed insider trading charges against nine individuals in connection with three separate alleged schemes that together yielded more than $6.8 million in ill-gotten gains. Those charged include a former chief information security officer (CISO), an investment...Wed, 27 Jul 2022 22:36:13 +0700https://companiesbio.com/sec-files-multiple-insider-trading-actions-originating-from-the-market-abuse-unit-s-analysis-and-detection-center-CBIO26.htmlhttps://companiesbio.com/sec-files-multiple-insider-trading-actions-originating-from-the-market-abuse-unit-s-analysis-and-detection-center-CBIO26.html964The Securities and Exchange Commission today announced that investment advisory firm Weiss Asset Management LP has agreed to pay approximately $6.9 million to settle charges that it violated the federal securities laws when it unlawfully purchased stock in seven public offerings after selling short those...Thu, 07 Jul 2022 23:41:42 +0700https://companiesbio.com/sec-charges-weiss-asset-management-with-short-selling-violations-CBIO14.htmlhttps://companiesbio.com/sec-charges-weiss-asset-management-with-short-selling-violations-CBIO14.html795The Securities and Exchange Commission today charged New Jersey-based investment adviser Energy Capital Partners Management LP (ECP) with allocating undisclosed, disproportionate expenses to a private equity fund it advises. ECP agreed to pay a $1 million penalty to settle the SEC charges and has voluntarily...Thu, 07 Jul 2022 23:41:41 +0700https://companiesbio.com/sec-charges-private-equity-adviser-for-failing-to-disclose-disproportionate-expense-allocations-to-fund-CBIO13.htmlhttps://companiesbio.com/sec-charges-private-equity-adviser-for-failing-to-disclose-disproportionate-expense-allocations-to-fund-CBIO13.html983The Securities and Exchange Commission today charged the City of Rochester, New York, its former finance director Rosiland Brooks-Harris, and former Rochester City School District CFO Everton Sewell with misleading investors in a $119 million bond offering. The SEC also charged Rochester’s municipal...Thu, 07 Jul 2022 23:41:28 +0700https://companiesbio.com/sec-charges-rochester-ny-and-city-s-former-executives-and-municipal-advisor-with-misleading-investors-CBIO12.htmlhttps://companiesbio.com/sec-charges-rochester-ny-and-city-s-former-executives-and-municipal-advisor-with-misleading-investors-CBIO12.html652The Securities and Exchange Commission today announced that it is requesting information and public comment on matters related to the activities of certain “information providers,” including whether, under particular facts and circumstances, information providers are acting as “investment advisers”...Thu, 07 Jul 2022 23:41:28 +0700https://companiesbio.com/sec-requests-information-and-comment-on-advisers-act-regulatory-status-of-index-providers-model-portfolio-providers-and-pricing-services-CBIO11.htmlhttps://companiesbio.com/sec-requests-information-and-comment-on-advisers-act-regulatory-status-of-index-providers-model-portfolio-providers-and-pricing-services-CBIO11.html305The Securities and Exchange Commission today charged registered broker-dealer Western International Securities, Inc. and five of its registered representatives, or brokers – Nancy Cole, Patrick Egan, Andy Gitipityapon, Steven Graham, and Thomas Swan – with violating Best Interest Obligation regulations...Thu, 07 Jul 2022 23:41:27 +0700https://companiesbio.com/sec-charges-firm-and-five-brokers-with-violations-of-reg-bi-CBIO10.htmlhttps://companiesbio.com/sec-charges-firm-and-five-brokers-with-violations-of-reg-bi-CBIO10.html611The Securities and Exchange Commission today charged Haverford, PA-based Egan-Jones Ratings Company, a nationally recognized statistical rating organization (NRSRO) registered with the Commission in certain ratings classes, with violating conflict of interest provisions. The SEC also charged the company’s...Thu, 07 Jul 2022 23:41:26 +0700https://companiesbio.com/sec-charges-egan-jones-ratings-co-and-ceo-with-conflict-of-interest-violations-CBIO9.htmlhttps://companiesbio.com/sec-charges-egan-jones-ratings-co-and-ceo-with-conflict-of-interest-violations-CBIO9.html542The Office of Information and Regulatory Affairs today released the Spring 2022 Unified Agenda of Regulatory and Deregulatory Actions. The report, which includes contributions related to the Securities and Exchange Commission, lists short- and long-term regulatory actions that administrative agencies...Thu, 07 Jul 2022 23:37:23 +0700https://companiesbio.com/sec-announces-spring-2022-regulatory-agenda-CBIO8.htmlhttps://companiesbio.com/sec-announces-spring-2022-regulatory-agenda-CBIO8.html945The Securities and Exchange Commission today adopted amendments to require certain documents filed by investment advisers, institutional investment managers, and certain other entities to be filed or submitted electronically. The amendments also make technical amendments to modernize Form 13F and enhance...Thu, 07 Jul 2022 23:37:23 +0700https://companiesbio.com/sec-adopts-rules-to-require-electronic-filing-for-investment-advisers-and-institutional-investment-managers-CBIO7.htmlhttps://companiesbio.com/sec-adopts-rules-to-require-electronic-filing-for-investment-advisers-and-institutional-investment-managers-CBIO7.html201The Securities and Exchange Commission today charged Ernst & Young LLP (EY) for cheating by its audit professionals on exams required to obtain and maintain Certified Public Accountant (CPA) licenses, and for withholding evidence of this misconduct from the SEC’s Enforcement Division during the...Thu, 07 Jul 2022 23:37:21 +0700https://companiesbio.com/ernst-young-to-pay-100-million-penalty-for-employees-cheating-on-cpa-ethics-exams-and-misleading-investigation-CBIO6.htmlhttps://companiesbio.com/ernst-young-to-pay-100-million-penalty-for-employees-cheating-on-cpa-ethics-exams-and-misleading-investigation-CBIO6.html111The Securities and Exchange Commission today announced that Tracy S. Combs has been named Director of the Salt Lake Regional Office. Tanya Beard, who has served as Acting Director since January 2022, remains as Assistant Regional Director of Enforcement. “Tracy has worked on a number of significant...Thu, 07 Jul 2022 23:37:20 +0700https://companiesbio.com/tracy-s-combs-named-director-of-sec-s-salt-lake-regional-office-CBIO5.htmlhttps://companiesbio.com/tracy-s-combs-named-director-of-sec-s-salt-lake-regional-office-CBIO5.html46The Securities and Exchange Commission today announced that Kurt L. Gottschall, the Director of the Denver Regional Office since 2018, is leaving the agency after more than 22 years of service. Jason J. Burt and Thomas M. Piccone will become the office’s Co-Acting Regional Directors when Mr. Gottschall...Thu, 07 Jul 2022 23:37:18 +0700https://companiesbio.com/denver-regional-director-kurt-l-gottschall-to-leave-sec-CBIO4.htmlhttps://companiesbio.com/denver-regional-director-kurt-l-gottschall-to-leave-sec-CBIO4.html147The Securities and Exchange Commission today announced that UBS Financial Services Inc. has agreed to pay approximately $25 million to settle fraud charges relating to a complex investment strategy referred to as YES, or Yield Enhancement Strategy. According to the SEC’s order, UBS marketed and sold...Thu, 07 Jul 2022 23:37:17 +0700https://companiesbio.com/ubs-to-pay-25-million-to-settle-sec-fraud-charges-involving-complex-options-trading-strategy-CBIO3.htmlhttps://companiesbio.com/ubs-to-pay-25-million-to-settle-sec-fraud-charges-involving-complex-options-trading-strategy-CBIO3.html169The Securities and Exchange Commission today announced Mark T. Uyeda has been sworn into office as a Commissioner by Brian Johnson, Assistant Director of the Division of Investment Management's Rulemaking Office. Commissioner Uyeda was nominated by President Biden earlier this year and confirmed by the...Thu, 07 Jul 2022 23:37:14 +0700https://companiesbio.com/mark-t-uyeda-sworn-in-as-sec-commissioner-CBIO2.htmlhttps://companiesbio.com/mark-t-uyeda-sworn-in-as-sec-commissioner-CBIO2.html26The Securities and Exchange Commission today announced fraud charges against Empires Consulting Corp. (EmpiresX), its founders Emerson Sousa Pires and Flavio Mendes Goncalves, and its head trader Joshua David Nicholas, for a scheme that allegedly raised at least $40 million by luring investors with false...Thu, 07 Jul 2022 23:37:13 +0700https://companiesbio.com/sec-charges-empires-consulting-corp-with-fake-trading-scheme-CBIO1.htmlhttps://companiesbio.com/sec-charges-empires-consulting-corp-with-fake-trading-scheme-CBIO1.html679