Newsfile SEC Press Digest

Recent News

  • SEC Charges Alexion Pharmaceuticals With FCPA Violations

    Washington, D.C.--(Newsfile Corp. - July 2, 2020) - The Securities and Exchange Commission today announced that Boston-based pharmaceutical company Alexion Pharmaceuticals Inc. has agreed to pay more than $21 million to resolve charges that it violated the books and records and internal accounting controls provisions of the Foreign Corrupt Practices...

    2020-07-02 8:47 AM ET
  • SEC Announces Agenda, Panelists for Staff Roundtable on Emerging Markets

    Washington, D.C.--(Newsfile Corp. - July 1, 2020) - The Securities and Exchange Commission today announced the agenda and panelists for the July 9, 2020 staff roundtable on investing in emerging markets, including China.  Further information, including prior statements and actions in this area, are available here.The virtual roundtable, announce

    2020-07-01 6:31 PM ET
  • SEC Updates Filing Threshold to Rule 17h Reporting Requirements for Broker-Dealers

    Washington, D.C.--(Newsfile Corp. - June 29, 2020) - The Securities and Exchange Commission today issued an order to update the filing threshold for broker-dealers’ Form 17-H filings made pursuant to Exchange Act Rules 17h-1T and Rule 17h-2T. The threshold, which had not been updated in nearly 30 years, will...

    2020-06-29 5:35 PM ET
  • Telegram to Return $1.2 Billion to Investors and Pay $18.5 Million Penalty to Settle SEC Charges

    Washington, D.C.--(Newsfile Corp. - June 26, 2020) - The Securities and Exchange Commission announced today that it obtained court approval of settlements with Telegram Group Inc. and its wholly owned subsidiary TON Issuer Inc. to resolve charges that Telegram's unregistered offering of digital tokens called "Grams" violated the federal securities laws. The...

    2020-06-26 4:17 PM ET
  • SEC Charges Issuer, CEO, and Lobbyist With Defrauding Investors in AML BitCoin

    Washington, D.C.--(Newsfile Corp. - June 25, 2020) - The Securities and Exchange Commission today charged NAC Foundation, its Chief Executive Officer Marcus Andrade, and political lobbyist Jack Abramoff with conducting a fraudulent, unregistered offering of AML BitCoin, a digital asset security the defendants claimed was a new and improved version...

    2020-06-25 3:47 PM ET
  • SEC Charges Novartis AG with FCPA Violations

    Washington D.C.--(Newsfile Corp. - June 25, 2020) - The Securities and Exchange Commission today announced that Novartis AG, a global pharmaceutical and healthcare company headquartered in Basel, Switzerland, has agreed to pay over $112 million to settle charges that it violated the books and records and internal accounting controls provisions...

    2020-06-25 12:51 PM ET
  • Financial Regulators Modify Volcker Rule

    Washington, D.C.--(Newsfile Corp. - June 25, 2020) - Five federal regulatory agencies today finalized a rule modifying the Volcker rule’s prohibition on banking entities investing in or sponsoring hedge funds or private equity funds—known as covered funds.  The final rule is broadly similar to the proposed rule from January. The Volcker...

    2020-06-25 12:09 PM ET
  • SG Americas to Pay $3.1 Million to Settle Charges of Providing Deficient Blue Sheet Data

    Washington D.C.--(Newsfile Corp. - June 24, 2020) - The Securities and Exchange Commission today announced settled charges against broker-dealer SG Americas Securities LLC for failing to provide complete and accurate securities trading information known as "blue sheet data."  SG Americas agreed to pay a $1.55 million civil penalty to resolve...

    2020-06-24 11:45 AM ET