WASHINGTON (Legal Newsline) — The Securities and Exchange Commission (SEC) announced April 18 that it has voted to propose a package of rules and interpretations to protect retail investors.
WASHINGTON (Legal Newsline) – Employers may find themselves in more federal court cases after the U.S. Supreme Court issued a decision in February ruling that whistleblowers are not protected under the anti-retaliation provision of the Dodd-Frank Act unless they file a complaint with the Securities and Exchange Commission.
WASHINGTON (Legal Newsline) — The Securities and Exchange Commission (SEC) announced Feb. 28 that Ameriprise Financial Services Inc. will pay $230,000 in penalties and consent to a cease-and-desist order and censure after allegations of disadvantaging certain requirement account customers.
PARIS (Legal Newsline) – City officials in Paris appear poised to enter the trend of government officials using lawsuits to fight global climate change by suing energy companies.
NEW YORK (Legal Newsline) – California officials who made dire climate change predictions about their localities' future in litigation against energy companies, but not in bond offerings, probably know by now their litigation is doomed, a New York University law professor said during a recent interview.
WASHINGTON (Legal Newsline) – Government officials in California who made dire climate change predictions in lawsuits against energy companies but not to prospective bond investors didn't think hard enough before filing those cases, a Washington, D.C.-based environmental attorney said during a recent interview.
WASHINGTON (Legal Newsline) - Lawyers for the Competitive Enterprise Institute are asking the Securities Exchange Commission to investigate potential fraud involving inconsistent climate change claims of California cities and counties in their bond offerings.
WASHINGTON (Legal Newsline) — The Securities and Exchange Commission (SEC) announced Dec. 12 that it has charged Provectus, a biopharmaceutical company based in Tennessee, alleging a series of accounting controls and disclosure violations.
WASHINGTON (Legal Newsline) — The Securities and Exchange Commission (SEC) announced Dec. 11 that Munchee Inc. has halted its initial coin offering (ICO) after allegations involving unregistered securities offers and sales.
The U.S. Department of Labor announced Monday it finalized plans to extend the transition period for full implementation from Jan. 1, 2018 to July 1, 2019.
WASHINGTON (Legal Newsline) — The Securities and Exchange Commission (SEC) announced Nov. 1 that petroleum engineer Christopher J. Lollar, who worked at the Apache Corporation energy company, will settle allegations of insider trading.
WASHINGTON (Legal Newsline) — The Securities and Exchange Commission (SEC) announced Oct. 31 that Millennium Management LLC will pay more than $630,000 after allegations of a U.S. stock short-selling scheme.
WASHINGTON (Legal Newsline) — The Securities and Exchange Commission (SEC) announced Oct. 11 it has charged three individuals who owned Starship Snack Corp. for allegations of defrauding investors.
The Securities and Exchange Commission (SEC) announced Sept. 20 that it has charged Peter C. Cheng, the former CEO of Alliance Fiber Optic Products, with allegations of insider trading in company stock.
The Securities and Exchange Commission (SEC) announced Sept. 21 that Telia Company AB, a telecommunications company with operations in the United States and headquarters in Sweden, will pay $965 million after settling allegations of violating the Foreign Corrupt Practices Act (FCPA) to win business in Uzbekistan.
The Securities and Exchange Commission (SEC) announced Sept. 22 that Aegerion Pharmaceuticals, now a subsidiary of Novelion Therapeutics, will pay a $4.1 million penalty after allegations of misleading investors in 2013.
WASHINGTON (Legal Newsline) — The Securities and Exchange Commission (SEC) announced Sept. 14 that it has charged the investment services subsidiary of SunTrust Banks with improperly collecting more than $1.1 million in avoidable fees from clients.
WASHINGTON (Legal Newsline) — The Securities and Exchange Commission announced Sept. 7 that State Street will pay more than $35 million to settle allegations of fraudulently charging secret markups for transition management services.
In June, the U.S. Department of Labor published a Request for Information, or RFI, related to the rule and whether to delay its full implementation. The rule, released in April 2016, mandates financial professionals who service individual retirement accounts, including IRAs and 401(k) plans, to serve the “best interest” of the savers and disclose conflicts of interest.
