U.S. Securities And Exchange Commission
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Recent News About U.S. Securities And Exchange Commission
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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). -
SEC: Giga Entertainment lied to investors regarding Apple Store download rankings
WASHINGTON, D.C. — The Securities and Exchange Commission (SEC) has filed a complaint against Giga Entertainment Media Inc., alleging the company deceived its investors regarding its Apple Store download rankings as well as faking documents to conceal the criminal record of one of its officers. -
SEC alleges SeeThruEquity defrauded investors over false claims of 'unbiased' research reports
WASHINGTON, D.C. — A stock research firm is being accused of defrauding investors by issuing reports that featured research that the firm said was "unbiased," after allegedly receiving money to issue the research, according to the U.S. Securities and Exchange Commission (SEC). -
Citibank reaches $38.7 million settlement with SEC over receipts
WASHINGTON, D.C. — Citibank has reached a $38.7 million settlement with the U.S. Securities and Exchange Commission (SEC) to resolve charges that the bank inappropriately gave American depository receipts (ADRs) to brokers prior to thousands of transactions without the required corresponding foreign shares in a depository bank. -
Texan known as 'Frack Master' reaches $25 million settlement over alleged securities fraud
WASHINGTON, D.C. — A Texas businessman who called himself the "Frack Master" has reached a $25 million settlement with the U.S. Securities and Exchange Commission (SEC) and will serve 12 years in federal prison over allegations of running a securities fraud scheme. -
SEC alleges Tesla CEO Musk's Tweets violated federal securities law
WASHINGTON, D.C. — Tesla Inc. CEO and Chairman Elon Musk, has been charged by the U.S. Securities and Exchange Commission (SEC) with securities fraud, stemming from Tweets regarding taking his company private. -
SeaWorld, former CEO to pay more than $5 million to settle alleged misleading of investors
WASHINGTON, D.C. — SeaWorld Entertainment Inc., and its former CEO have agreed to pay more than $5 million to settle charges by the federal government that they mislead investors on the impact a negative documentary had on the company's reputation and business. -
SEC: Retail investors suffered losses from New York advisers' advice
WASHINGTON, D. C. – The U.S. Securities and Exchange Commission (SEC) says retail investors who suffered losses after a Syracuse, New York, broker/dealer and investment advisers steered them toward a leveraged oil-linked exchange-traded note (ETN) without a reasonable basis, will be fully reimbursed. -
Otis Elevator agrees to $13.9 million settlement with SEC
WASHINGTON, D.C. — A Connecticut company has agreed to a $13.9 million settlement with the U.S. Securities and Exchange Commission (SEC) over charges the company made illicit payments relating to its elevator and aircraft engine businesses. -
Frye Media founder agrees to $27.4 million settlement for alleged fraudulent investments
WASHINGTON, D.C. — The founder of the Frye Festival and Frye Media, Inc., along with several others, have agreed to settle charges by the federal government of selling fraudulent investments that raised at least $27.4 million. -
U.S. SECURITIES AND EXCHANGE COMMISSION: Deutsche Bank to Pay Nearly $75 Million for Improper Handling of ADRs
The Securities and Exchange Commission announced that two U.S.-based subsidiaries of Deutsche Bank AG will pay nearly $75 million to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs). -
SEC files additional charges in alleged Fitbit securities scheme
The U.S. Securities and Exchange Commission (SEC) has filed additional fraud charges in a case relating to alleged false regulatory filings as part of a scheme to manipulate Fitbit securities. -
UNITED STATES SECURITIES AND EXCHANGE COMMISSION: Former CEO and CFO of ITT Barred and Ordered to Pay Penalties
The Securities and Exchange Commission today announced settlements with two former senior executives of ITT Educational Services Inc., which the SEC charged hid its true financial condition from investors. -
UNITED STATES SECURITIES AND EXCHANGE COMMISSION: SEC Charges Credit Suisse With FCPA Violations
The Securities and Exchange Commission today announced that Credit Suisse Group AG will pay approximately $30 million to resolve SEC charges that it obtained investment banking business in the Asia-Pacific region by corruptly influencing foreign officials in violation of Foreign Corrupt Practices Act (FCPA). -
UNITED STATES SECURITIES AND EXCHANGE COMMISSION: SEC Charges Morgan Stanley in Connection With Failure to Detect or Prevent Misappropriation of Client Funds
The Securities and Exchange Commission announced that Morgan Stanley Smith Barney (MSSB) has agreed to pay a $3.6 million penalty and to accept certain undertakings for its failure to protect against its personnel misusing or misappropriating funds from client accounts. -
UNITED STATES SECURITIES AND EXCHANGE COMMISSION: Wells Fargo Advisors Settles SEC Charges for Improper Sales of Complex Financial Products
The Securities and Exchange Commission today announced that Wells Fargo Advisors LLC agreed to settle charges of misconduct in the sale of financial products known as market-linked investments, or MLIs, to retail investors. -
SEC reaches $42 million settlement with Merrill Lynch for allegedly misleading customers
WASHINGTON, D.C. — The Securities and Exchange Commission (SEC) has reached a $42 million settlement charges against Merrill Lynch, Pierce, Fenner & Smith for allegedly misleading customers about how the company's trades were executed. -
Whistleblower advocate: Large awards can undermine public's confidence in process
WASHINGTON – A leading advocate for whistleblowers has warned that the large bounty rewards involved following settlements has the potential to erode public solidarity for the practice. -
SEC: Panasonic bribed government official, to pay $143 million in penalties
WASHINGTON (Legal Newsline) — The Securities and Exchange Commission (SEC) announced April 30 that Panasonic Corp. will pay more than $143 million after allegations of violating the Foreign Corrupt Practices Act (FCPA) by engaging in bribery.
