Regulatory Announcements

Washington, D.C.--(Newsfile Corp. - November 24, 2020) - The Securities and Exchange Commission's Investor Advisory Committee will hold a public meeting on Dec. 3 by remote means. The meeting will begin at 10 a.m. ET, is open to the public via live webcast, and will be archived on the committee's website...
Banking/Financial Services
2020-11-24 4:52 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - November 24, 2020) - The Securities and Exchange Commission today voted to propose rules that, on a temporary basis and subject to percentage limits (no more than 15% of annual compensation), dollar limits (no more than $75,000 in three years) and other conditions, would permit an...
Banking/Financial Services
2020-11-24 12:08 PM ET | Newsfile SEC Press Digest

Washington D.C.--(Newsfile Corp. - November 24, 2020) - The Securities and Exchange Commission today announced that it has voted to propose amendments to Securities Act Rule 701, which provides an exemption from registration for the issuance of compensatory securities by non-reporting issuers, and Form S-8, the Securities Act registration statement...
Banking/Financial Services
2020-11-24 11:52 AM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - November 23, 2020) - The Securities and Exchange Commission today charged a San Francisco-based e-commerce startup and its chief executive officer with misleading investors about purported contracts with well-known consumer brands.According to the SEC's complaint, from 2018 to 2020, Andrew J. Chapin, the founder and CEO...
Banking/Financial Services
2020-11-23 6:17 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - November 23, 2020) - The Securities and Exchange Commission today issued a Policy Statement and Guidance focused on central counterparties (CCPs) authorized under the European Markets Infrastructure Regulation (EMIR) that may seek to access and operate in the U.S. securities markets. The Statement provides transparency...
Banking/Financial Services
2020-11-23 5:21 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - November 19, 2020) - The Securities and Exchange Commission today announced that it has voted to adopt amendments that will modernize, simplify and enhance certain financial disclosure requirements in Regulation S-K. The amendments are intended to enhance the focus of financial disclosures on material information...
Banking/Financial Services
2020-11-19 3:07 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - November 19, 2020) - The Securities and Exchange Commission today announced that Lourdes Caballes and Michael Rufino have been named Associate Directors of the Office of Compliance Inspections and Examinations (OCIE) Broker-Dealer Examination Program in the New York Regional Office. Together, Ms. Caballes and Mr. Rufino will oversee...
Banking/Financial Services
2020-11-19 2:08 PM ET | Newsfile SEC Press Digest

Washington D.C.--(Newsfile Corp. - November 19, 2020) - The Securities and Exchange Commission today announced an award of over $900,000 to a whistleblower who identified securities law violations occurring overseas. The whistleblower's timely and important information resulted in a significant expansion...
Banking/Financial Services
2020-11-19 11:13 AM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - November 18, 2020) - The Securities and Exchange Commission today announced that it has named Marie-Louise (Malou) Huth as an Associate General Counsel for Legal Policy in the Office of the General Counsel (OGC). As an Associate General Counsel, Ms. Huth will provide legal advice to...
Banking/Financial Services
2020-11-18 11:06 AM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - November 17, 2020) - The Securities and Exchange Commission today voted to adopt rules and rule amendments that will provide additional flexibility in connection with documents filed with the Commission by permitting the use of electronic signatures in authentication documents, and facilitate electronic service and...
Banking/Financial Services
2020-11-17 3:43 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - November 17, 2020) - The Working Group on Bribery of the Organisation for Economic Co-operation and Development (OECD Working Group) issued its Phase 4 Report of the United States today, announced the Securities and Exchange Commission and the U.S. Departments of Justice, Commerce, and State. The Phase 4...
Banking/Financial Services
2020-11-17 12:08 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - November 16, 2020) - Jay Clayton, Chairman of the Securities and Exchange Commission, confirmed today that after serving for more than three and a half years, he will conclude his tenure at the end of this year. Chairman Clayton was sworn in on May 4, 2017, and...
Banking/Financial Services
2020-11-16 7:38 AM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - November 13, 2020) - The Securities and Exchange Commission today announced an award of over $1.1 million to a whistleblower whose independent analysis led the staff to look at new conduct during an ongoing investigation. The whistleblower’s information and exemplary assistance helped the agency bring...
Banking/Financial Services
2020-11-13 12:41 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - November 13, 2020) - The Securities and Exchange Commission today filed settled actions against three investment advisory firms and two dually-registered broker-dealer and advisory firms for violations that related to unsuitable sales of complex exchange-traded products to retail investors. The sales occurred between January 2016 and April...
Banking/Financial Services
2020-11-13 11:07 AM ET | Newsfile SEC Press Digest

Washington D.C.--(Newsfile Corp. - November 13, 2020) - The Securities and Exchange Commission today charged former Wells Fargo & Co. CEO and Chairman John G. Stumpf and former head of Wells Fargo’s Community Bank Carrie L. Tolstedt for their roles in allegedly misleading investors about the success of the Community...
Banking/Financial Services
2020-11-13 9:17 AM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - November 12, 2020) - The Securities and Exchange Commission today announced that it has named Mike Willis as an Associate Director in the Division of Economic and Risk Analysis (DERA). Mr. Willis will lead DERA’s newly created Office of Data Science and Innovation, which provides...
Banking/Financial Services
2020-11-12 2:17 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - November 9, 2020) - The Securities and Exchange Commission today voted to publish a notice of a substituted compliance application by Germany’s Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) as well as a proposed order that would conditionally provide substituted compliance for German firms that are registered with the...
Banking/Financial Services
2020-11-09 4:37 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - November 5, 2020) - The Securities and Exchange Commission today announced two separate whistleblower awards for total payments of over $4.3 million.In the first order, the Commission awarded a whistleblower over $3.6 million for providing important information that alerted the Commission to misconduct occurring abroad....
Banking/Financial Services
2020-11-05 10:58 AM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - November 4, 2020) - Today the Securities and Exchange Commission announced the appointment of Renee LaRoche-Morris, Chief Operating Officer, BNY Mellon Investment Management, as a new member of the Asset Management Advisory Committee.  Ms. LaRoche-Morris was appointed following the resignation of Mark Tibergien, who retired from...
Banking/Financial Services
2020-11-04 3:36 PM ET | Newsfile SEC Press Digest