Newsfile SEC Press Digest

Recent News

  • Cantor Fitzgerald and BMO Capital Charged for Improper Handling of ADRs

    Washington, D.C.--(Newsfile Corp. - August 16, 2019) - The Securities and Exchange Commission today announced that broker Cantor Fitzgerald & Co. will pay more than $647,000 and broker BMO Capital Markets Corporation will pay over $3.9 million to settle charges of improper handling of "pre-released" American Depositary Receipts (ADRs). With today's actions, the SEC ...

    2019-08-16 2:52 PM ET
  • SEC Charges Former CFO of Cash Advance Company With Defrauding Thousands of Retail Investors

    Washington D.C.--(Newsfile Corp. - August 15, 2019) - The Securities and Exchange Commission today charged 1 Global Capital LLC’s former chief financial officer, Alan G. Heide, with defrauding retail investors. The now bankrupt Florida-based cash advance company allegedly fraudulently raised more ...

    2019-08-15 12:50 PM ET
  • SEC Releases Videos for Investors on Choosing and Working with a Financial Professional

    Washington, D.C.--(Newsfile Corp. - August 15, 2019) - The Securities and Exchange Commission today released a series of short educational videos designed to provide ordinary investors with basic information about choosing and working with a financial professional. The videos are now available at SEC.gov and Investor.gov/CRS.“Through my discussions w

    2019-08-15 10:42 AM ET
  • SEC Wins Jury Trial Against Broker Charged with Insider Trading

    Washington, D.C.--(Newsfile Corp. - August 14, 2019) - Today, jurors in Atlanta federal court returned a verdict finding New Jersey securities broker Raymond J. Pirrello, Jr. liable for insider trading in advance of three merger and acquisition transactions.The SEC's evidence at trial showed that Pirrello received highly confidential nonpublic information about the ...

    2019-08-14 5:09 PM ET
  • SEC Charges Broker-Dealer with Violations of Gatekeeping Provisions Aimed at Protecting Investors

    Washington, D.C.--(Newsfile Corp. - August 14, 2019) - The Securities and Exchange Commission today charged Canaccord Genuity LLC, a broker-dealer headquartered in New York City, with enabling trading in dozens of thinly-traded securities without conducting the review required by the federal securities laws. According to the SEC's order, Canaccord published quotes and ...

    2019-08-14 1:49 PM ET
  • SEC Obtains Freeze of $8 Million in Assets in Alleged Fraudulent Token Offering and Manipulation Scheme

    Washington, D.C.--(Newsfile Corp. - August 13, 2019) - The Securities and Exchange Commission announced fraud charges against a Brooklyn individual and two entities under his control who allegedly engaged in a fraudulent scheme to sell digital securities to investors and to manipulate the market for those securities.  On Aug. 12, 2019, ...

    2019-08-13 1:48 PM ET
  • SEC Charges Investment Banking Analyst with Insider Trading

    Washington, D.C.--(Newsfile Corp. - August 12, 2019) - The Securities and Exchange Commission today charged an analyst at a large international investment bank with insider trading based on confidential information that he learned about Siris Capital Group's plans to acquire ...

    2019-08-12 1:03 PM ET
  • SEC Proposes to Modernize Disclosures of Business, Legal Proceedings, and Risk Factors Under Regulation S-K

    Washington, D.C.--(Newsfile Corp. - August 8, 2019) - The Securities and Exchange Commission today announced that it has voted to propose rule amendments to modernize the description of business, legal proceedings, and risk factor disclosures that registrants are required to make pursuant to Regulation S-K.  The proposed amendments are intended to update the ...

    2019-08-08 10:22 PM ET