U.S. Securities And Exchange Commission
Recent News About U.S. Securities And Exchange Commission
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The Taxpayers Protection Alliance Foundation announces new platform intended to track 'overreach' of CFPB
The Taxpayers Protection Alliance Foundation (TPAF) has launched CFPB Mission Creep, a platform created to inform consumers on the level of "overreach" from the Consumer Financial Protection Bureau (CFPB). -
Baughman: SEC 'can’t even decide what the security is'
Earlier this year, the U.S. Securities and Exchange Commission filed a lawsuit against Gemini, a New York-based crypto exchange, over an unregistered security offering. -
Morrisey, other AGs ask court to review SEC rule requiring more disclosures on proxy votes
CHARLESTON — West Virginia Attorney General Patrick Morrisey this week joined his colleagues in Louisiana, Texas and Utah in urging the United States Court of Appeals for the Fifth Circuit to review a Securities and Exchange Commission rule that requires investment managers to make more disclosures about their proxy votes. -
Group of AGs criticize new SEC proposal to require corporate climate change disclosures
CHARLESTON — West Virginia Attorney General Patrick Morrisey is leading a group of 24 state AGs in filing formal comments about a U.S. Securities and Exchange Commission initiative that would require companies to make policy statements not related to financial performance. -
Class action over XRP tokens piggy-backs on SEC lawsuit
JACKSONVILLE, Fla. (Legal Newsline) – Problems for a cryptocurrency outfit called Ripple Labs continue, as a new class action lawsuit follows litigation from the Securities and Exchange Commission. -
SECURITIES AND EXCHANGE COMMISSION: Former REIT Manager and Executives to Settle SEC Charges for More Than $60 Million
The Securities and Exchange Commission charged AR Capital LLC, its founder Nicholas S. Schorsch, and its former CFO Brian Block with wrongfully obtaining millions of dollars in connection with two separate mergers between real estate investment trusts (REITs) that were sponsored and externally managed by AR Capital. -
SECURITIES AND EXCHANGE COMMISSION: Nomura to Pay Misled Bond Customers $25 Million to Settle SEC Charges
The Securities and Exchange Commission instituted two related enforcement actions against Nomura Securities International Inc., which has agreed to repay approximately $25 million to customers for its failure to adequately supervise traders in mortgage-backed securities. -
SECURITIES AND EXCHANGE COMMISSION: Sara Cortes and David Bartels Named Deputy Chief Counsels of the Division of Investment Management
The Securities and Exchange Commission today announced that Sara Cortes and David P. Bartels have been named Deputy Chief Counsels of the Division of Investment Management. -
SECURITIES AND EXCHANGE COMMISSION: Merrill Lynch to Pay Over $8 Million for Improper Handling of ADRs
The Securities and Exchange Commission announced that Merrill Lynch, Pierce, Fenner & Smith Incorporated will pay over $8 million to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs). -
SEC alleges Volkswagen, former CEO defrauded bond investors through emissions fraud scheme
SAN FRANCISCO (Legal Newsline) – The Securities and Exchange Commission (SEC) has filed a complaint in the U.S. District for the Northern District of California, charging that Volkswagen AG, two of its subsidiaries and a former CEO defrauded bond investors through a "clean diesel" emissions fraud scheme. -
SECURITIES AND EXCHANGE COMMISSION: Wedbush Settles Failure to Supervise Charge
The Securities and Exchange Commission announced that Wedbush Securities Inc. will pay a $250,000 penalty and has agreed to be censured to settle its failure to supervise charge in a pending administrative proceeding. -
SECURITIES AND EXCHANGE COMMISSION: SEC Charges Registered Investment Adviser and Former Chief Operating Officer With Defrauding Client
The Securities and Exchange Commission charged Talimco LLC, a registered investment adviser, and Grant Gardner Rogers, the former chief operating officer of the firm, with manipulating the auction of a commercial real estate asset on behalf of one client for the benefit of another. -
SECURITIES AND EXCHANGE COMMISSION: BB&T to Return More Than $5 Million to Retail Investors and Pay Penalty Relating to Directed Brokerage Arrangements
The Securities and Exchange Commission today announced that BB&T Securities has agreed to return more than $5 million to retail investors and pay a $500,000 penalty to settle charges that a firm it acquired misled its advisory clients into believing they were receiving full service brokerage services in-house at a discount while significantly less expensive options were available externally. -
SECURITIES AND EXCHANGE COMMISSION: SEC Names Gabriel Benincasa As Its First Chief Risk Officer
The Securities and Exchange Commission announced that Gabriel Benincasa has been named the Commission’s first Chief Risk Officer. -
SECURITIES AND EXCHANGE COMMISSION: SEC Celebrates African American History Month with Presentation by Award-Winning Filmmaker
The Securities and Exchange Commission celebrated African American History Month with events in its Regional Offices and a presentation by scholar and award-winning filmmaker Dr. Henry Louis Gates, Jr. to discuss his latest documentary series, “Reconstruction: America After the Civil War,” at the agency’s headquarters in Washington, D.C. -
SEC charges Ukrainian hacker, others with breaching EDGAR system for illegal trading
WASHINGTON, D.C. — The U.S Securities and Exchange Commission (SEC) is charging a Ukrainian hacker, six traders and others with hacking into Electronic, Data Gathering, Analysis and Retrieval (EDGAR) system to obtain information used for illegal trading. -
JPMorgan Chase reaches settlement with SEC for alleged mishandling of American Depositary Receipts
WASHINGTON, D.C. — JPMorgan Chase Bank NA has reached a settlement of more than $135 million with the U.S. Securities and Exchange Commission (SEC) over charges the bank issued "pre-released" American Depositary Receipts (ADRs) relating to foreign company shares. -
AriseBank former executives to pay $2.7 million for alleged cryptocurrency scam
WASHINGTON, D.C. — AriseBank's former CEO and COO will pay a $2.7 million settlement to resolve charges by the U.S. Securities and Exchange Commission (SEC) of engaging in a initial coin offering (ICO) scam, according to the federal agency. -
Trial lawyers find unusual allies in fight against arbitration: Conservative state treasurers
WASHINGTON (Legal Newsline) - Class action lawyers who see arbitration as a mortal threat to their business have found unlikely allies among some of the nation’s most conservative state officials. -
U.S. SECURITIES AND EXCHANGE COMMISSION: Citibank to Pay More Than $38 Million for Improper Handling of ADRs
The Securities and Exchange Commission announced that Citibank N.A. has agreed to pay $38.7 million to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs).