Regulatory Announcements

Washington, D.C.--(Newsfile Corp. - September 17, 2020) - The Securities and Exchange Commission today announced an award of nearly $250,000 to joint whistleblowers whose tip caused the opening of an investigation that resulted in a successful enforcement action. The whistleblowers raised concerns internally before reporting the concerns to the...
Banking/Financial Services
2020-09-17 3:38 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - September 17, 2020) - The Securities and Exchange Commission today filed an emergency action against Adam Rogas, the former CEO of Las-Vegas-based NS8 Inc., which purports to provide fraud detection and prevention software to e-commerce merchants, seeking an asset freeze and charging Rogas with defrauding investors...
Banking/Financial Services
2020-09-17 1:32 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - September 16, 2020) - The Securities and Exchange Commission today adopted amendments to Exchange Act Rule 15c2-11, an important component of the over-the-counter (OTC) market regulatory structure.  The amendments are designed to modernize the rule, which was last substantively amended nearly thirty years ago, including...
Banking/Financial Services
2020-09-16 5:57 PM ET | Newsfile SEC Press Digest

Washington D.C.--(Newsfile Corp. - September 15, 2020) - The Securities and Exchange Commission today announced charges against Unikrn Inc., an operator of an online eSports gaming and gambling platform headquartered in Seattle, Washington, for conducting an unregistered initial coin offering (ICO) of digital asset securities.  Unikrn agreed to settle the charges by...
Banking/Financial Services
2020-09-15 1:33 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - September 14, 2020) - The Securities and Exchange Commission today delivered a report to Congress on the 39th Annual Small Business Forum. The Forum is a unique event where members of the public and private sectors gather to craft suggestions for policy impacting emerging businesses and...
Banking/Financial Services
2020-09-14 6:31 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - September 14, 2020) - The Securities and Exchange Commission today announced an award of more than $10 million to a whistleblower whose information and assistance were of crucial importance to a successful SEC enforcement action."This award recognizes the persistent efforts of the whistleblower to expose serious...
Banking/Financial Services
2020-09-14 11:12 AM ET | Newsfile SEC Press Digest

Washington D.C--(Newsfile Corp. - September 14, 2020) - The Securities and Exchange Commission today charged Park View School, Inc., a state-funded, nonprofit charter school operator based in Prescott Valley, Arizona, and its former President, Debra Kay Slagle, with misleading investors in an April 2016 municipal bond offering.According to the SEC's...
Banking/Financial Services
2020-09-14 10:37 AM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - September 11, 2020) - The Securities and Exchange Commission today announced charges against five Atlanta-based individuals, including film producer Ryan Felton, rapper and actor Clifford Harris, Jr., known as T.I. or Tip, and three others who each promoted one of Felton’s two unregistered and fraudulent...
Banking/Financial Services
2020-09-11 5:08 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - September 11, 2020) - The Securities and Exchange Commission today released the agenda for the September 16, 2020, meeting of the Asset Management Advisory Committee (AMAC).  AMAC was formed to provide the Commission with diverse perspectives on asset management and related advice and recommendations.The meeting will...
Banking/Financial Services
2020-09-11 2:54 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - September 11, 2020) - The Securities and Exchange Commission today announced that it has adopted rules to update and expand the statistical disclosures that bank and savings and loan registrants provide to investors, in light of changes in this sector over the past 30 years.  The...
Banking/Financial Services
2020-09-11 2:40 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - September 11, 2020) - The Securities and Exchange Commission today announced that the court-appointed receiver has begun the final distribution to investors in connection with the SEC's action against defendants Paul Greenwood, Steven Walsh, and their affiliated WG Trading entities. Upon completion of this final distribution,...
Banking/Financial Services
2020-09-11 12:37 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - September 3, 2020) - The Securities and Exchange Commission today charged Daniel Kamensky, co-chair of the unsecured creditors committee in the Neiman Marcus Group Ltd. LLC Chapter 11 bankruptcy proceedings, with abusing his position on the committee to attempt to benefit a New York-based management...
Banking/Financial Services
2020-09-03 2:44 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - September 1, 2020) - The Securities and Exchange Commission's Investor Advisory Committee will hold a virtual public meeting on September 24, 2020.  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...
Banking/Financial Services
2020-09-01 1:15 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - September 1, 2020) - The Securities and Exchange Commission today announced an award of over $2.5 million to joint whistleblowers whose tip based largely on highly probative independent analysis of a public company’s filings led to several successful enforcement actions.  In addition to their tip, the...
Banking/Financial Services
2020-09-01 11:38 AM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - August 31, 2020) - The Securities and Exchange Commission today announced that it updated its list of unregistered entities that use misleading information to solicit primarily non-U.S. investors, adding 23 soliciting entities, eight impersonators of genuine...
Banking/Financial Services
2020-08-31 3:37 PM ET | Newsfile SEC Press Digest

Washington, D.C--(Newsfile Corp. - August 31, 2020) - The Securities and Exchange Commission today announced an award of over $1.25 million to a whistleblower whose significant information prompted the agency to initiate a cause examination and bring an enforcement action that resulted in the return of millions of dollars...
Banking/Financial Services
2020-08-31 12:50 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - August 28, 2020) - The Securities and Exchange Commission today charged two Maryland companies and their principals for a scheme that allegedly defrauded approximately 1,200 investors, many of them African immigrants, of more than $27 million.According to the SEC’s complaint, Dennis Jali, John Frimpong, and...
Banking/Financial Services
2020-08-28 2:16 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - August 28, 2020) -  The Securities and Exchange Commission today announced that Herbalife Nutrition Ltd. has agreed to pay more than $67 million to settle charges that it violated the books and records and internal accounting controls provisions of the Foreign Corrupt Practices Act (FCPA).  In...
Banking/Financial Services
2020-08-28 11:47 AM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - August 26, 2020) - The Securities and Exchange Commission today announced that in fiscal year 2021 the fees that public companies and other issuers pay to register their securities with the Commission will be set at $109.10 per million dollars.BackgroundThe securities laws require the Commission...
Banking/Financial Services
2020-08-26 5:12 PM ET | Newsfile SEC Press Digest