Newsfile SEC Press Digest

Recent News

  • SEC Awards $22 Million to Two Whistleblowers

    Washington, D.C.--(Newsfile Corp. - May 10, 2021) - The Securities and Exchange Commission today announced awards totaling approximately $22 million to two whistleblowers whose information and assistance were of crucial importance to successful SEC enforcement actions brought against a financial services firm. The first whistleblower received an award of $18 million, while the second whistleblower received a $4 million award. The larger award was in recognition of the fact that, among other things, the first whistleblower was the initial source of...

    2021-05-10 4:05 PM EDT
  • SEC Approves Registration of First Security-Based Swap Data Repository; Sets the First Compliance Date for Regulation SBSR

    Washington, D.C.--(Newsfile Corp. - May 7, 2021) - The Securities and Exchange Commission today announced that it has approved the registration of its first security-based swap data repository (SDR). With today’s registration of DTCC Data Repository (U.S.), LLC (DDR), the security-based swap market now has the first SDR that can accept transaction reports. DDR intends to operate as a registered SDR for security-based swap transactions in the equity, credit, and interest rate derivatives asset classes."Implementing Regulation SBSR fulfills an...

    2021-05-07 2:38 PM EDT
  • Register for the SEC's 40th Annual Small Business Forum, Featuring Inclusive Conversations on Capital Formation from Startup to Small Cap

    Washington, D.C.--(Newsfile Corp. - May 5, 2021) - The Office of the Advocate for Small Business Capital Formation will host the Securities and Exchange Commission's 40th Annual Government-Business Forum on Small Business Capital Formation virtually from May 24-27, 2021.  Each of the four sessions will feature panelists with in-depth knowledge of the issues facing small businesses across the country, spotlighting the following topics:Monday, May 24:       Finding Your First DollarsTuesday, May 25:       Being a Savvy Investor

    2021-05-05 4:38 PM EDT
  • SEC Charges Under Armour Inc. With Disclosure Failures

    Washington, D.C.--(Newsfile Corp. - May 3, 2021) - The Securities and Exchange Commission today charged sports apparel manufacturer Under Armour Inc. with misleading investors as to the bases of its revenue growth and failing to disclose known uncertainties concerning its future revenue prospects. Under Armour has agreed to pay $9 million to settle the action.According to the SEC's order, by the second half of 2015, Under Armour's internal revenue and revenue growth forecasts for the third and fourth quarters of 2015...

    2021-05-03 4:46 PM EDT
  • Jessica Wachter Named SEC Chief Economist and Director of the Division of Economic and Risk Analysis

    Washington, D.C.--(Newsfile Corp. - May 3, 2021) - The Securities and Exchange Commission today announced that Jessica Wachter has been appointed Chief Economist and Director of the Division of Economic and Risk Analysis (DERA). Wachter joins the SEC from the Wharton School, University of Pennsylvania, where she has been a professor since 2003."For centuries, capital markets have evolved by adapting to technological innovation and the emergence of new data sources," said SEC Chair Gary Gensler. "It is essential that we...

    2021-05-03 12:14 PM EDT
  • SEC Charges Eight Companies for Failure to Disclose Complete Information on Form NT

    Washington, D.C.--(Newsfile Corp. - April 29, 2021) - The Securities and Exchange Commission today charged eight companies for failing to disclose in SEC Form 12b-25 filings that their request for seeking a delayed quarterly or annual reporting filing was caused by an anticipated restatement or correction of prior financial reporting. The violations were uncovered by an initiative focused on Form 12b-25 filings by companies that quickly thereafter announced financial restatements or corrections. Each of the companies was a public reporting company at...

    2021-04-29 4:35 PM EDT
  • Alex Oh Resigns from SEC; Melissa Hodgman Named Acting Director of Enforcement

    Washington, D.C.--(Newsfile Corp. - April 28, 2021) - The Securities and Exchange Commission today announced that Alex Oh has resigned her position as Director of the Division of Enforcement for personal reasons. Melissa Hodgman will return to the role of Acting Director of the Division of Enforcement."Melissa is an exceptional attorney who has proven to be an effective leader of the Enforcement Division. I’m grateful that she will take on this role again and look forward to working closely with...

    2021-04-28 5:08 PM EDT
  • SEC Obtains Emergency Relief, Charges Florida Company and CEO with Misappropriating Investor Money and Operating a Ponzi Scheme

    Washington, D.C.--(Newsfile Corp. - April 26, 2021) - The Securities and Exchange Commission today announced that it filed an emergency action and obtained a temporary restraining order and an asset freeze to stop an alleged Ponzi scheme and misappropriation of investor proceeds perpetrated by Melbourne, Florida resident Jonathan P. Maroney through several entities he controls.According to the SEC's complaint, which was filed in federal court in the Middle District of Florida, since about May 2015, Maroney and his companies raised...

    2021-04-26 6:14 PM EDT