Regulatory Announcements

Washington, D.C.--(Newsfile Corp. - May 12, 2021) - The Securities and Exchange Commission today announced an award of approximately $3.6 million to a whistleblower whose information and assistance led to a successful SEC enforcement action. “The whistleblower brought valuable information to...
Banking/Financial Services
2021-05-12 11:47 AM EDT | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - May 12, 2021) - The Securities and Exchange Commission today announced settled charges against GWFS Equities Inc. (GWFS), a Colorado-based registered broker-dealer and affiliate of Great-West Life & Annuity Insurance Company, for violating the federal securities...
Banking/Financial Services
2021-05-12 9:17 AM EDT | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - May 10, 2021) - The Securities and Exchange Commission today announced awards totaling approximately $22 million to two whistleblowers whose information and assistance were of crucial importance to successful SEC enforcement actions brought against a financial services firm. The first whistleblower received an award of $18 million,...
Banking/Financial Services
2021-05-10 4:05 PM EDT | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - May 7, 2021) - The Securities and Exchange Commission today announced that it has approved the registration of its first security-based swap data repository (SDR). With today’s registration of DTCC Data Repository (U.S.), LLC (DDR), the security-based swap market now has the first SDR that...
Banking/Financial Services
2021-05-07 2:38 PM EDT | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - May 5, 2021) - The Office of the Advocate for Small Business Capital Formation will host the Securities and Exchange Commission's 40th Annual Government-Business Forum on Small Business Capital Formation virtually from May 24-27, 2021.  Each of the four sessions will feature panelists with in-depth knowledge of...
Banking/Financial Services
2021-05-05 4:38 PM EDT | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - May 3, 2021) - The Securities and Exchange Commission today charged sports apparel manufacturer Under Armour Inc. with misleading investors as to the bases of its revenue growth and failing to disclose known uncertainties concerning its future revenue prospects. Under Armour has agreed to pay $9 million...
Banking/Financial Services
2021-05-03 4:46 PM EDT | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - May 3, 2021) - The Securities and Exchange Commission today announced that Jessica Wachter has been appointed Chief Economist and Director of the Division of Economic and Risk Analysis (DERA). Wachter joins the SEC from the Wharton School, University of Pennsylvania, where she has been a...
Banking/Financial Services
2021-05-03 12:14 PM EDT | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - April 29, 2021) - The Securities and Exchange Commission today charged eight companies for failing to disclose in SEC Form 12b-25 filings that their request for seeking a delayed quarterly or annual reporting filing was caused by an anticipated restatement or correction of prior financial reporting. The...
Banking/Financial Services
2021-04-29 4:35 PM EDT | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - April 28, 2021) - The Securities and Exchange Commission today announced that Alex Oh has resigned her position as Director of the Division of Enforcement for personal reasons. Melissa Hodgman will return to the role of Acting Director of the Division of Enforcement."Melissa is an exceptional...
Banking/Financial Services
2021-04-28 5:08 PM EDT | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - April 26, 2021) - The Securities and Exchange Commission today announced that it filed an emergency action and obtained a temporary restraining order and an asset freeze to stop an alleged Ponzi scheme and misappropriation of investor proceeds perpetrated by Melbourne, Florida resident Jonathan P. Maroney...
Banking/Financial Services
2021-04-26 6:14 PM EDT | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - April 26, 2021) - The Securities and Exchange Commission's Small Business Capital Formation Advisory Committee will meet on Friday, April 30, to home in on solutions to increase access to capital for underrepresented founders and investors from smaller, regional funds.Following its August 2020 meeting, the...
Banking/Financial Services
2021-04-26 2:22 PM EDT | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - April 26, 2021) - The Securities and Exchange Commission today announced the appointments of Keo Chea as Director of Public Engagement and Aisha Johnson as Director of Media Relations. Chea joins the SEC from the Consumer...
Banking/Financial Services
2021-04-26 12:11 PM EDT | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - April 23, 2021) - The Securities and Exchange Commission today charged Andrew T. Franzone, former owner of a race car team, and investment adviser FF Fund Management, LLC (FFM) with fraudulently raising and misappropriating tens of millions of dollars from the sale of limited partnership interests...
Banking/Financial Services
2021-04-23 1:52 PM EDT | Newsfile SEC Press Digest

Washington D.C.--(Newsfile Corp. - April 23, 2021) - The Securities and Exchange Commission today announced awards totaling more than $3 million to two whistleblowers in separate enforcement proceedings.In the first order, the SEC awarded approximately $3.2 million to a whistleblower who alerted SEC staff to violations, identified key issues for...
Banking/Financial Services
2021-04-23 1:26 PM EDT | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - April 22, 2021) - The Securities and Exchange Commission today announced that Alex Oh has been appointed Director of the Division of Enforcement. Oh was most recently a partner at Paul, Weiss, Rifkind, Wharton & Garrison LLP and co-chair of the law firm’s Anti-Corruption & FCPA...
Banking/Financial Services
2021-04-22 12:11 PM EDT | Newsfile SEC Press Digest

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 EDT | 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 EDT | 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 EDT | 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 EDT | Newsfile SEC Press Digest