Latest Regulatory Announcements

Washington D.C.--(Newsfile Corp. - January 17, 2020) - The U.S. Securities and Exchange Commission's Office of the Advocate for Small Business Capital Formation will report on its findings regarding the state of capital formation for small businesses and its latest recommendations to the Commission during a virtual conference call event ...
Banking/Financial Services
2020-01-17 2:28 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - January 17, 2020) - The Securities and Exchange Commission today charged convicted criminal Boaz Manor, his business associate, and two businesses, CG Blockchain Inc. and BCT Inc. SEZC, with raising over $30 million from hundreds of investors in a fraudulent initial coin offering (ICO).According to the ...
Banking/Financial Services
2020-01-17 10:40 AM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - January 16, 2020) - The Securities and Exchange Commission today announced that it has named Austin Gerig as its Chief Data Officer. Dr. Gerig, currently Assistant Director of the Office of Data Science in the Division of Economic and Risk Analysis (DERA), will assume his new ...
Banking/Financial Services
2020-01-16 5:02 PM ET | Newsfile SEC Press Digest

Washington D.C.--(Newsfile Corp. - January 14, 2020) - The Securities and Exchange Commission today announced that it filed an emergency enforcement action and obtained a temporary restraining order and asset freeze against Illinois resident Kenneth D. Courtright, III and his ...
Banking/Financial Services
2020-01-14 12:26 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - January 10, 2020) - The Securities and Exchange Commission today announced that Allen Blume has been named Deputy Chief Financial Officer in the agency’s Office of Financial Management (OFM). Mr. Blume’s responsibilities include directing and coordinating the SEC’s financial planning, budgeting, accounting, financial reporting, and financial ...
Banking/Financial Services
2020-01-10 11:09 AM ET | Newsfile SEC Press Digest

Washington D.C.--(Newsfile Corp. - January 10, 2020) - The Securities and Exchange Commission today announced that Mark D. Reinhold has been named Deputy Director of the agency’s Office of Human Resources (OHR). Mr. Reinhold will help to manage programs and policies in areas such as leadership and employee development, recruitment ...
Banking/Financial Services
2020-01-10 10:30 AM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - January 9, 2020) - The Securities and Exchange Commission announced that starting on Feb. 18, 2020, the fee rates applicable to most securities transactions will be set at $22.10 per million dollars.Consequently, each SRO will continue to pay the Commission a rate of $20.70 per million ...
Banking/Financial Services
2020-01-09 4:14 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - January 9, 2020) - The Securities and Exchange Commission today released the agenda for the inaugural meeting of the Asset Management Advisory Committee, which will be held on Jan. 14, 2020, at 9 a.m. ET. The Committee was formed to provide the Commission with diverse perspectives ...
Banking/Financial Services
2020-01-09 4:07 PM ET | Newsfile SEC Press Digest

Washington D.C.--(Newsfile Corp. - January 8, 2020) - The Securities and Exchange Commission is seeking public comment on a proposed order to modernize the governance of National Market System (NMS) plans that produce public consolidated equity market data and disseminate ...
Banking/Financial Services
2020-01-08 1:14 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - January 7, 2020) - The Securities and Exchange Commission’s Office of Compliance Inspections and Examinations (OCIE) today announced its 2020 examination priorities. OCIE publishes its examination priorities annually to enhance the transparency of its examination program and to provide insights into its risk-based approach, including the areas ...
Banking/Financial Services
2020-01-07 2:41 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - January 7, 2020) - The Securities and Exchange Commission’s Investor Advisory Committee (IAC) will meet telephonically on Jan. 24 at 11:30 a.m. Eastern time. The public is invited to listen to the meeting live using the dial-in details provided below. A recording of the meeting will be ...
Banking/Financial Services
2020-01-07 11:29 AM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - January 3, 2020) - The Securities and Exchange Commission today announced that Longfin Corp. CEO Venkata S. Meenavalli has agreed to pay $400,000 in disgorgement and penalties to resolve the SEC’s fraud action against him.  The settlement, which remains subject to court approval, concludes the SEC’s ...
Banking/Financial Services
2020-01-03 2:49 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - January 2, 2020) - The Securities and Exchange Commission today charged six individuals and their companies with participating in schemes that allegedly generated more than $35 million of illegal sales of stock in at least 45 microcap companies. The charges contained in two complaints reflect ...
Banking/Financial Services
2020-01-02 10:41 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - December 30, 2019) - The Securities and Exchange Commission today announced that it is proposing amendments to codify certain staff consultations and modernize certain aspects of its auditor independence framework.  The proposed amendments would update select aspects of the nearly two-decade-old auditor independence rule set to ...
Banking/Financial Services
2019-12-30 12:39 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - December 23, 2019) - The Securities and Exchange Commission today announced that Susan Nash, Associate Director and Senior Policy Advisor to the Director, Division of Investment Management, will retire from the SEC at the end of this month after 30 years of public service.Ms. Nash has ...
Banking/Financial Services
2019-12-23 3:03 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - December 19, 2019) - The Securities and Exchange Commission today charged Sacramento, California-based investment adviser firm Springer Investment Management, Inc. dba Springer Financial Advisors (SFA) and owner Keith Springer with defrauding hundreds of retail clients, most of them in or close to retirement.The SEC's complaint alleges ...
Banking/Financial Services
2019-12-19 8:46 PM ET | Newsfile SEC Press Digest

(Newsfile Corp. - December 19, 2019) - The Securities and Exchange Commission today announced the appointment of Robert A. Marchman as Senior Policy Advisor on Diversity and Inclusion. In this newly created role within the SEC's Office of Minority and Women Inclusion (OMWI), Mr. Marchman will focus on working with Commission ...
Banking/Financial Services
2019-12-19 8:44 PM ET | Newsfile SEC Press Digest

[DATELINE]The Securities and Exchange Commission’s Office of the Advocate for Small Business Capital Formation today released its inaugural Annual Report for Fiscal Year 2019. The report is available for download here.The office is the SEC’s newest, having launched operations in January 2019. The report provides a retrospective of the offi
Banking/Financial Services
2019-12-19 7:17 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - December 19, 2019) - The Securities and Exchange Commission today announced charges against Edward Espinal, of Wayne, New Jersey, and his company, Cash Flow Partners LLC, in connection with an alleged $5 million Ponzi scheme that defrauded at least 90 investors, many of whom were members of ...
Banking/Financial Services
2019-12-19 4:57 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - December 19, 2019) - The Securities and Exchange Commission (SEC) today announced that David Bottom has been appointed as the agency’s Chief Information Officer (CIO). In this role, Mr. Bottom will be responsible for overseeing the security and overall functions of the agency’s information technology systems. ...
Banking/Financial Services
2019-12-19 2:12 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - December 18, 2019) - The Securities and Exchange Commission today charged MetLife, Inc. with violating the books and records and internal accounting controls provisions of the federal securities laws relating to two errors in its accounting for reserves associated with its annuities businesses.  MetLife has ...
Banking/Financial Services
2019-12-18 7:48 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - December 18, 2019) - The Securities and Exchange Commission today announced settled charges against two registered broker-dealers, Bluefin Trading LLC and Critical Trading LLC, for violating the so-called “short tender rule” and enriching themselves at the expense of other participants in a partial tender offer. According ...
Banking/Financial Services
2019-12-18 7:44 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - December 18, 2019) - The Securities and Exchange Commission today announced settled charges against blockchain technology company Blockchain of Things Inc. (BCOT) for conducting an unregistered initial coin offering (ICO) of digital tokens.   According to the SEC’s order, New York-based startup BCOT conducted the ICO starting ...
Banking/Financial Services
2019-12-18 2:49 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - December 18, 2019) - The Securities and Exchange Commission voted today to approve the 2020 budget of the Public Company Accounting Oversight Board (PCAOB) and the related annual accounting support fee.The 2020 PCAOB budget totals $284.7 million, an increase of approximately 4.0% from its 2019 budget.  ...
Banking/Financial Services
2019-12-18 2:47 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - December 18, 2019) - The Securities and Exchange Commission voted to propose amendments to the definition of accredited investor, one of the principal tests for who is eligible to participate in our private capital markets. The proposal seeks to update and improve the definition to more ...
Banking/Financial Services
2019-12-18 12:28 PM ET | Newsfile SEC Press Digest