SEC Extends Compliance Dates and Provides Temporary Exemption for Rule Related to Clearing of U.S. Treasury Securities
Washington, D.C.--(Newsfile Corp. - February 25, 2025) - The Securities and Exchange Commission today extended the compliance dates for Rule 17ad-22(e)(18)(iv)(A) and (B) under the Securities Exchange Act by one year to Dec. 31, 2026, for eligible cash market transactions, and June 30, 2027, for eligible repo market transactions. Under the rule, a covered clearing agency that provides central counterparty services for U.S. Treasury securities must establish, implement, maintain, and enforce...
2025-02-25 9:56 PM EST
SEC Announces Cyber and Emerging Technologies Unit to Protect Retail Investors
Washington, D.C.--(Newsfile Corp. - February 20, 2025) - The Securities and Exchange Commission today announced the creation of the Cyber and Emerging Technologies Unit (CETU) to focus on combatting cyber-related misconduct and to protect retail investors from bad actors in the emerging technologies space. The CETU, led by Laura D’Allaird, replaces the Crypto Assets and Cyber Unit and is comprised of approximately 30 fraud specialists and attorneys across multiple SEC offices. “Under Laura’s...
2025-02-20 9:40 AM EST
SEC Announces 44th Annual Small Business Forum to Impact Capital-Raising Policy
Washington, D.C.--(Newsfile Corp. - February 14, 2025) - The Securities and Exchange Commission will host the SEC’s 44th Annual Government-Business Forum on Small Business Capital Formation at SEC Headquarters in Washington, D.C. on April 10 from 1 – 4:30 p.m. ET. The forum brings together members of the public and private sectors to discuss and provide suggestions to improve policy affecting how entrepreneurs, small businesses, and smaller public companies raise capital from investors. “The...
2025-02-14 1:53 PM EST
SEC Seeks Candidates for Membership on the Investor Advisory Committee
Washington, D.C.--(Newsfile Corp. - February 14, 2025) - The Securities and Exchange Commission is seeking candidates for appointment as members of the SEC’s Investor Advisory Committee, which was established by the Dodd-Frank Wall Street Reform and Consumer Protection Act to help protect investors and improve securities regulation. Candidates will be considered for open at-large membership positions on the committee, as well as for a position as the member who is representative of the...
2025-02-14 12:18 PM EST
SEC Charges One Oak Capital Management and Michael DeRosa with Breaching Fiduciary Duties to Clients
Washington, D.C.--(Newsfile Corp. - February 14, 2025) - The Securities and Exchange Commission today filed settled charges against New York-based registered investment adviser One Oak Capital Management LLC, and former One Oak investment adviser representative, Michael DeRosa, for misconduct related to advisory services provided to their retail clients. According to the SEC’s order, from approximately June 2020 through October 2023, One Oak and DeRosa recommended that DeRosa’s customers at...
2025-02-14 11:09 AM EST
Exemption From the Requirement to Report Certain Personally Identifiable Information to the Consolidated Audit Trail
Washington D.C.--(Newsfile Corp. - February 10, 2025) - The Securities and Exchange Commission today provided an exemption from the requirement to report certain personally identifiable information (PII) – names, addresses, and years of birth – to the Consolidated Audit Trail (CAT) for natural persons. Bad actors have become increasingly sophisticated and, in the event of a breach, may be able to use the names, addresses, and years of birth to impersonate a customer or broker-dealer and gain...
2025-02-10 9:24 PM EST
Exemption From Exchange Act Rule 13f-2 and Related Form SHO
Washington, D.C.--(Newsfile Corp. - February 7, 2025) - The Securities and Exchange Commission today provided a temporary exemption from compliance with Rule 13f-2 under the Securities Exchange Act and from reporting on Form SHO. As a result of the exemption, filings on initial Form SHO reports from institutional investment managers that meet or exceed certain specified thresholds will be due by Feb. 17, 2026, for the January 2026 reporting period. The effective date for Rule 13f-2 and Form...
2025-02-07 6:30 PM EST
Acting Chairman Mark T. Uyeda Announces Executive Staff and Other Appointments
Washington, D.C.--(Newsfile Corp. - February 4, 2025) - The Securities and Exchange Commission today announced Acting Chairman Mark T. Uyeda’s executive staff, which will advise the Acting Chairman on matters before the Commission and work closely with SEC staff. Gabriel Eckstein, Chief of Staff Steven Levine, Deputy Chief of Staff Holly Hunter-Ceci, Senior Advisor to the Acting Chairman Charles Lee, Senior Advisor to the Acting Chairman Jaime Marinaro, Senior Advisor to the Acting Chairman...
2025-02-04 11:52 AM EST
SEC Small Business Advisory Committee to Continue Discussing Challenges Facing Emerging Fund Managers, and Explore Hurdles for Small Public Companies Not Listed on a National Securities Exchange
Washington, D.C.--(Newsfile Corp. - January 30, 2025) - The Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee today released the agenda for its meeting on Tuesday, Feb. 25, 2025, which will include discussion of capital raising challenges facing emerging fund managers and hurdles facing small public companies not listed on a national securities exchange. Members of the public can watch the live meeting via webcast on www.sec.gov. The committee, which...
2025-01-30 1:23 PM EST
Acting Chairman Mark T. Uyeda Names Natalia Díez Riggin as Senior Advisor and Acting Director of Legislative and Intergovernmental Affairs
Washington, D.C.--(Newsfile Corp. - January 30, 2025) - The Securities and Exchange Commission today announced Acting Chairman Mark T. Uyeda has named Natalia Díez Riggin as Senior Advisor and Acting Director of the Office of Legislative and Intergovernmental Affairs. “I’m thrilled that Natalia has joined us after her tenure working for Chairman Scott on the Senate Banking Committee,” Acting Chairman Uyeda said. “Her expertise will help guide us as we focus our efforts at the SEC on capital...
2025-01-30 10:15 AM EST
Extension of Form PF Amendments Compliance Date
Washington, D.C.--(Newsfile Corp. - January 29, 2025) - The Securities and Exchange Commission, together with the Commodity Futures Trading Commission (CFTC), extended the compliance date for the amendments to Form PF that were adopted on Feb. 8, 2024. The compliance date for these amendments, which was originally March 12, 2025, has been extended to June 12, 2025. Form PF is the confidential reporting form for certain SEC-registered investment advisers to private funds, including those that...
2025-01-29 2:09 PM EST
SEC Publishes Annual Staff Report on Nationally Recognized Statistical Rating Organizations
Washington D.C.--(Newsfile Corp. - January 28, 2025) - The Securities and Exchange Commission’s Office of Credit Ratings (OCR) today published its annual Staff Report on Nationally Recognized Statistical Rating Organizations (NRSROs) summarizing the findings of the NRSRO examinations and discussing the state of competition, transparency, and conflicts of interest among NRSROs. “Providing effective oversight of credit ratings used by market participants is a critical component of the SEC’s...
2025-01-28 6:14 PM EST
Acting Chairman Mark T. Uyeda Names Acting Senior Staff
Washington, D.C.--(Newsfile Corp. - January 24, 2025) - The Securities and Exchange Commission today announced Acting Chairman Mark T. Uyeda’s selections for several senior roles in acting capacities across the Commission to fill vacancies created by recent departures. “These talented individuals are committed to protecting the investing public, building trust with American companies and market participants, and promoting capital formation,” Acting Chairman Uyeda said. The SEC senior staff...
2025-01-24 11:16 AM EST
SEC Crypto 2.0: Acting Chairman Uyeda Announces Formation of New Crypto Task Force
Washington, D.C.--(Newsfile Corp. - January 21, 2025) - Today SEC Acting Chairman Mark T. Uyeda launched a crypto task force dedicated to developing a comprehensive and clear regulatory framework for crypto assets. Commissioner Hester Peirce will lead the task force. Richard Gabbert, Senior Advisor to the Acting Chairman, and Taylor Asher, Senior Policy Advisor to the Acting Chairman, will serve as the task force’s Chief of Staff and Chief Policy Advisor, respectively. Drawing from talented...
2025-01-21 12:58 PM EST
Mark T. Uyeda Named Acting Chairman of the SEC
Washington, D.C.--(Newsfile Corp. - January 21, 2025) - The Securities and Exchange Commission today announced that President Donald J. Trump has designated Mark T. Uyeda as Acting Chairman of the agency. “I am honored to serve in this capacity after serving as a Commissioner since 2022, and a member of the staff since 2006,” Acting Chairman Uyeda said. “I have great respect for the knowledge, expertise, and experience of the agency and its people. The SEC has a vital mission—protecting...
2025-01-21 10:28 AM EST
SEC Announces Record Enforcement Actions Brought in First Quarter of Fiscal Year 2025
Washington D.C--(Newsfile Corp. - January 17, 2025) - The Securities and Exchange Commission today announced that, based on its preliminary results, it filed 200 total enforcement actions in the first quarter of fiscal year 2025, which ran from October through December 2024, including 118 standalone enforcement actions. The Division filed a total of 75 enforcement actions in October 2024 alone. The foregoing numbers represent the most actions filed in their respective periods since at least...
2025-01-17 6:03 PM EST
SEC Charges Arete Wealth Broker-Dealer and Advisory Firms, Their Chief Compliance Officer, and Several Representatives in Connection With Illegal Securities Offering
Washington D.C--(Newsfile Corp. - January 17, 2025) - The Securities and Exchange Commission today announced charges against Joey Miller, Jeff Larson, and Randy Larson, formerly dually registered personnel with Arete Wealth Management LLC, a broker-dealer, and Arete Wealth Advisors LLC, an affiliated investment adviser, for fraud, registration violations, and aiding and abetting Arete Wealth Management’s recordkeeping violations. The SEC also charged Arete Wealth Advisors and its Chief...
2025-01-17 6:01 PM EST
SEC Announces Departure of Acting Enforcement Director Sanjay Wadhwa
Washington D.C--(Newsfile Corp. - January 17, 2025) - The Securities and Exchange Commission today announced that Sanjay Wadhwa, the Acting Director of the Division of Enforcement, will depart the agency, effective January 31, 2025, after more than 21 years of service with the Commission. “I thank Sanjay for leading the Division of Enforcement and his dedication to the SEC, which began as a staff attorney more than 20 years ago,” said SEC Chair Gary Gensler. “He has led a division that has...
2025-01-17 5:59 PM EST
SEC Announces Departure of Public Affairs Head Scott Schneider
Washington, D.C.--(Newsfile Corp. - January 17, 2025) - The Securities and Exchange Commission today announced the departure of Scott Schneider, a counselor to Chair Gary Gensler and Director of the Office of Public Affairs (OPA), effective next month. Mr. Schneider has served in the role since April 19, 2021. “I want to thank Scott for his leadership of the Office of Public Affairs,” said SEC Chair Gary Gensler. “Scott is an exceptionally talented communications strategist and has been the...
2025-01-17 3:14 PM EST
SEC Policy Director Corey Klemmer to Step Down
Washington, D.C.--(Newsfile Corp. - January 17, 2025) - The Securities and Exchange Commission today announced that Corey Klemmer will step down from her role as Policy Director, a role she has held since May 2024. She joined the SEC as Corporation Finance Counsel to Chair Gary Gensler in July 2021. “I thank Corey for her service as Policy Director and before that, Policy Counsel,” said SEC Chair Gary Gensler. “She has led a policy team that has lowered costs, lowered risks, and enhanced...
2025-01-17 1:26 PM EST