Latest Regulatory Announcements

Washington, D.C.--(Newsfile Corp. - November 15, 2019) - The Securities and Exchange Commission today announced an award to three individuals who jointly submitted a tip alerting the agency to a well-concealed fraud targeting retail investors.  The information led to a successful enforcement action.  The whistleblowers, who were themselves harmed investors, ...
Banking/Financial Services
2019-11-15 1:15 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - November 13, 2019) - The Securities and Exchange Commission today named Marie-Louise (Malou) Huth as Chief Counsel for the Division of Economic and Risk Analysis (DERA).   Ms. Huth will lead DERA’s Office of the Chief Counsel, which provides guidance to the Chief Economist and other staff regarding ...
Banking/Financial Services
2019-11-13 1:28 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - November 12, 2019) - Today, jurors in New York federal court returned a verdict in the Securities and Exchange Commission's favor against a trading firm headquartered in Kiev, Ukraine, and two individuals for their roles in an unlawful trading scheme that generated more than $25 million ...
Banking/Financial Services
2019-11-12 5:53 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - November 6, 2019) - The Securities and Exchange Commission today released the agenda for the Tuesday, Nov. 12 meeting of its Small Business Capital Formation Advisory Committee. The committee provides the Commission with advice and recommendations on Commission rules, regulations and policy matters relating to small ...
Banking/Financial Services
2019-11-06 4:33 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - November 6, 2019) - The Securities and Exchange Commission today filed charges against a New York investment adviser for operating a multimillion-dollar investment club that was actually a fraudulent Ponzi scheme targeting members of the local Haitian community as well as his family and friends.The SEC's ...
Banking/Financial Services
2019-11-06 11:40 AM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - November 6, 2019) - The Securities and Exchange Commission’s Division of Enforcement today issued its annual report for fiscal year 2019. The report details the division’s efforts and initiatives on behalf of investors, highlights several significant actions, and presents the activities of the division from both ...
Banking/Financial Services
2019-11-06 8:06 AM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - November 5, 2019) - The Securities and Exchange Commission today voted to propose amendments to its rules governing proxy solicitations to enhance the quality of the disclosure about material conflicts of interest that proxy voting advice businesses provide their clients. The proposal would also provide an ...
Banking/Financial Services
2019-11-05 1:30 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - November 5, 2019) - The Securities and Exchange Commission today voted to propose amendments to modernize the rule that governs the process for shareholder proposals to be included in a company’s proxy statement.“Today’s proposed amendments follow from the staff’s extensive experience with shareholder proposals and recognize the significant ...
Banking/Financial Services
2019-11-05 1:27 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - November 4, 2019) - The Securities and Exchange Commission today announced that it has voted to propose amendments to modernize the rules under the Investment Advisers Act addressing investment adviser advertisements and payments to solicitors. The proposed amendments are intended to update these rules to reflect changes ...
Banking/Financial Services
2019-11-04 7:23 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - November 4, 2019) - Today the staff of the U.S. Securities and Exchange Commission issued an extension of an Oct. 26, 2017 no-action letter it provided to assist market participants regarding their U.S.-regulated activities as they engage in efforts to comply with the provisions relating to research in ...
Banking/Financial Services
2019-11-04 7:17 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - November 4, 2019) - The Securities and Exchange Commission today announced that SEC Chairman Jay Clayton, Public Company Accounting Oversight Board (PCAOB) Chairman William Duhnke, and members of the SEC staff met last week with senior representatives of the four largest global network auditing firms to ...
Banking/Financial Services
2019-11-04 3:11 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - November 4, 2019) - The Securities and Exchange Commission today filed an amended complaint against online auction portal Collectors Café and its CEO Mykalai Kontilai to add allegations that they unlawfully sought to prohibit their investors from reporting misconduct to the SEC and other governmental agencies. The ...
Banking/Financial Services
2019-11-04 12:43 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - October 31, 2019) - The Securities and Exchange Commission today charged XBT Corp. SARL d/b/a First Global Credit, a Switzerland-based securities dealer, for offering and selling unregistered security-based swaps to U.S. investors using bitcoins and for failing to transact its swaps on a registered national exchange.According ...
Banking/Financial Services
2019-10-31 12:37 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - October 31, 2019) - The Securities and Exchange Commission today released the agenda for the Nov. 4 meeting of the Fixed Income Market Structure Advisory Committee (FIMSAC). The meeting will be held at the SEC’s New York Regional Office at 200 Vesey Street, New York, NY.“I ...
Banking/Financial Services
2019-10-31 11:34 AM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - October 30, 2019) - The Securities and Exchange Commission will host a Veterans Day program on Tuesday, Nov. 12.The program will feature a conversation with SEC Chairman Jay Clayton and Colonel James Tuite of the U.S. Army’s “Old Guard” that will focus on financial readiness, including the basics ...
Banking/Financial Services
2019-10-30 11:07 AM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - October 29, 2019) - The Securities and Exchange Commission today announced that Natasha Vij Greiner has been named Associate Director in its Office of Compliance Inspections and Examination’s (OCIE) investment adviser and investment company examination program. Ms. Greiner will be responsible for leading the Washington, DC-based investment adviser and ...
Banking/Financial Services
2019-10-29 12:10 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - October 28, 2019) - The Securities and Exchange Commission’s New York Regional Office and Fordham University School of Law will host a conference on November 1 on combating community-based financial fraud.  The conference will focus on fraudulent and manipulative schemes that target potential victims based on ...
Banking/Financial Services
2019-10-28 12:19 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - October 24, 2019) - The Commodity Futures Trading Commission (CFTC), Federal Deposit Insurance Corporation (FDIC), Office of the Comptroller of the Currency (OCC), and the Securities and Exchange Commission (SEC) toda
Banking/Financial Services
2019-10-24 8:50 AM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - October 22, 2019) - The Securities and Exchange Commission’s Investor Advisory Committee will hold a public meeting on Nov. 7. The meeting will begin at 9:30 a.m. Eastern Time in the Multipurpose Room at SEC headquarters at 100 F Street, N.E., Washington, D.C. and is open to the ...
Banking/Financial Services
2019-10-22 9:38 AM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - October 18, 2019) - The Securities and Exchange Commission today announced that it has voted to propose rule amendments to establish an expedited review procedure for applications under the Investment Company Act that are substantially identical to recent precedent, as well as a new informal internal ...
Banking/Financial Services
2019-10-18 1:08 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - October 17, 2019) - The Securities and Exchange Commission and Morehouse College will co-host a panel discussion on strategies to attract investment capital to minority businesses from 4 - 7 p.m. ET on Thursday, Oct. 24 during homecoming week. The special event, which will be held on the ...
Banking/Financial Services
2019-10-17 3:57 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - October 17, 2019) - The Securities and Exchange Commission today issued a statement that invites exchanges and other market participants to submit innovative proposals designed to improve the secondary market structure for exchange listed equity securities that trade in lower volumes, commonly referred to as "thinly traded ...
Banking/Financial Services
2019-10-17 11:19 AM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - October 16, 2019) - The Securities and Exchange Commission has filed an emergency action and obtained an asset freeze against 18 traders in a scheme to manipulate more than 3,000 U.S.-listed securities for over $31 million in illicit profits.The SEC alleges that the traders, who are primarily ...
Banking/Financial Services
2019-10-16 3:13 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - October 15, 2019) - The Securities and Exchange Commission today announced several teacher investment outreach efforts in connection with its Teachers Initiative.  These initiatives include the launch of a podcast series for public school educators, nationwide events for teachers, and the RISE 2.0 of California summit in ...
Banking/Financial Services
2019-10-15 1:53 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - October 15, 2019) - The Securities and Exchange Commission today announced that Domenick Migliorato, a former supervisor of the securities lending desk at Industrial and Commercial Bank of China Financial Services LLC (ICBCFS), has agreed to settle charges for his supervisory failures involving the improper handling ...
Banking/Financial Services
2019-10-15 12:41 PM ET | Newsfile SEC Press Digest