Regulatory Announcements

Washington, D.C.--(Newsfile Corp. - April 19, 2021) - The Securities and Exchange Commission today announced the appointments of Prashant Yerramalli, Heather Slavkin Corzo, Kevin Burris, and Scott Schneider to Gary Gensler’s senior staff, responsible for advising him on matters before the Commission.“I am incredibly honored that these four individuals joined...
Banking/Financial Services
2021-04-19 4:37 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - April 19, 2021) - The Securities and Exchange Commission today announced that its New York and San Francisco regional offices will co-host a virtual event discussing the experiences of tech entrepreneurs of color when raising capital for businesses. The event will be on April 27,...
Banking/Financial Services
2021-04-19 2:56 PM ET | Newsfile SEC Press Digest

Washington D.C.--(Newsfile Corp. - April 19, 2021) - On Friday, April 16, 2021, the Securities and Exchange Commission charged Israeli-based Spot Tech House Ltd., formerly known as Spot Option Ltd., and two of its former top executives, Malhaz Pinhas Patarkazishvili (also known as Pini Peter) and Ran Amiran, with deceiving U.S. investors...
Banking/Financial Services
2021-04-19 10:37 AM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - April 17, 2021) - Gary Gensler was sworn into office today as a Member of the Securities and Exchange Commission by U.S. Senator Ben Cardin. He was nominated to Chair the SEC by President Joseph R. Biden on February 3, 2021 and confirmed by the U.S....
Banking/Financial Services
2021-04-17 1:12 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - April 16, 2021) - The Securities and Exchange Commission today voted to reopen the comment period on the proposed rules for the use of universal proxy cards in all non-exempt solicitations for contested director elections.“This is an important step toward finalizing rules that will facilitate clarity...
Banking/Financial Services
2021-04-16 3:27 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - April 16, 2021) - The Securities and Exchange Commission today announced that Joel R. Levin, the Director of its Chicago Regional Office, will leave the agency at the end of May.Mr. Levin has served as Director of the Chicago office since May 2018, overseeing the agency’s...
Banking/Financial Services
2021-04-16 12:05 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - April 15, 2021) - The Securities and Exchange Commission today announced an award of over $50 million to joint whistleblowers whose information alerted SEC staff to violations that involved highly complex transactions and would have been difficult to detect without their information. The joint whistleblowers provided exemplary...
Banking/Financial Services
2021-04-15 10:12 AM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - April 14, 2021) - The Securities and Exchange Commission today charged seven individuals, including criminal recidivist Richard Dale Sterritt, Jr., with defrauding investors through a multimillion dollar oil-and-gas offering fraud and related market manipulation scheme.The SEC's complaint alleges that, between March 2018 and at least November 2020,...
Banking/Financial Services
2021-04-14 3:03 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - April 9, 2021) - The Securities and Exchange Commission today announced an award of approximately $2.5 million to a whistleblower whose information and ongoing assistance to the staff significantly contributed to the success of an SEC enforcement action.“The whistleblower in this matter provided key evidence that...
Banking/Financial Services
2021-04-09 11:47 AM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - April 8, 2021) - The Securities and Exchange Commission today announced that Jane Norberg, Chief of the SEC's Office of the Whistleblower, is planning to leave the agency this month.Ms. Norberg has been with the Office...
Banking/Financial Services
2021-04-08 3:43 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - April 6, 2021) - The Securities and Exchange Commission today announced that it obtained an asset freeze and other emergency relief in an emergency enforcement action against Los Angeles-based actor Zachary Horwitz and his company,...
Banking/Financial Services
2021-04-06 7:33 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - April 5, 2021) - The Securities and Exchange Commission voted to take two actions to continue to advance implementation of security-based swap regulation under Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act.  The Commission is publishing a notice of application and proposed...
Banking/Financial Services
2021-04-05 4:59 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - April 5, 2021) - The Securities and Exchange Commission today announced the institution of administrative proceedings against a Texas-based CPA for allegedly failing to register his firm with the Public Company Accounting Oversight Board (PCAOB) and alleged wholesale failures in auditing and reviewing the financial statements...
Banking/Financial Services
2021-04-05 3:53 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - April 5, 2021) - The Securities and Exchange Commission’s Office of Investor Education and Advocacy (OIEA) is embracing National Financial Capability Month as an opportunity to encourage all investors, especially first-timers or those relatively new to...
Banking/Financial Services
2021-04-05 11:17 AM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - March 29, 2021) - The Securities and Exchange Commission awarded more than $500,000 to a whistleblower who raised concerns internally before submitting a tip to the Commission. The whistleblower's information and assistance allowed the Commission and another agency to quickly file actions, shutting down an ongoing fraudulent...
Banking/Financial Services
2021-03-29 12:12 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - March 24, 2021) - The Securities and Exchange Commission has adopted interim final amendments to implement congressionally mandated submission and disclosure requirements of the Holding Foreign Companies Accountable Act (HFCA Act). The interim final amendments will apply...
Banking/Financial Services
2021-03-24 10:39 AM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - March 22, 2021) - The SEC today launched a new page on its website to bring together agency actions and the latest information about climate and environmental, social and governance (ESG) investing. In response to increased investor demand for this information, the page will appear on the...
Banking/Financial Services
2021-03-22 10:23 AM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - March 18, 2021) - The Securities and Exchange Commission today charged James Roland Jones of Redondo Beach, California, with perpetrating a fraudulent scheme to sell what he called “insider tips” on the dark web.  The dark web allows users to access the internet anonymously and, as...
Banking/Financial Services
2021-03-18 5:03 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - March 18, 2021) - The Securities and Exchange Commission today announced it filed charges and obtained an asset freeze and other emergency relief to stop an alleged offering fraud and misappropriation of investor assets orchestrated by Colorado Springs resident Tra Jay Scarlett using two entities under...
Banking/Financial Services
2021-03-18 4:44 PM ET | Newsfile SEC Press Digest