SEC Charges Former Executives With Fraud in Connection With $1.9 Billion Collapse of Subprime Auto Lender Tricolor
Washington, D.C.--(Newsfile Corp. - August 18, 2026) - The Securities and Exchange Commission today charged Daniel Chu, Jerome Kollar, and Ameryn Seibold, the former CEO, CFO, and Senior Director of Finance, respectively, at Texas-based Tricolor Holdings, LLC, for their roles in an alleged multi-year scheme to defraud investors by double pledging hundreds of millions of dollars of subprime auto loans to multiple asset-backed securities (ABS) offerings and lenders.
2026-08-18 4:35 PM EDT | Newsfile SEC Press Digest
SEC Proposes New Regulation Crypto Assets
Washington, D.C.--(Newsfile Corp. - August 18, 2026) - The Securities and Exchange Commission today announced that it proposed new rules, titled “Regulation Crypto Assets,” that would create a clear and fit-for-purpose framework for certain investment contracts involving crypto assets. This proposal follows the Commission’s March 2026 interpretation clarifying how the federal securities laws apply to certain crypto assets and transactions involving crypto assets.
2026-08-18 2:46 PM EDT | Newsfile SEC Press Digest
SEC Charges Boiler Room Operator and Three Entities with Defrauding Retail Investors in $74 Million Pre-IPO Investment Scam
Washington, D.C.--(Newsfile Corp. - August 14, 2026) - The Securities and Exchange Commission today charged New York resident Andrew Spaventa and three entities he owned and controlled with fraud and other violations in connection with unregistered securities offerings of private funds that purportedly provided retail investors an opportunity to invest in shares of “pre-IPO” private companies while charging hidden fees. According to the SEC’s compl
2026-08-14 5:12 PM EDT | Newsfile SEC Press Digest
SEC Charges Toms River Trio in Connection with Alleged $47 Million Fraud Targeting Orthodox Jewish Communities
Washington, D.C.--(Newsfile Corp. - August 13, 2026) - The Securities and Exchange Commission today charged three Toms River, New Jersey residents for their roles in an affinity investment fraud that misappropriated approximately $47 million from more than 87 investors, who were primarily members of Orthodox Jewish communities in New Jersey and New York. The SEC’s complaint, filed in federal court in the District of New Jersey, alleges that between appro
2026-08-13 4:57 PM EDT | Newsfile SEC Press Digest
SEC Charges Private Fund Adviser Adit Ventures Management, Its CEO and Affiliated General Partners in Alleged Fraud
Washington, D.C.--(Newsfile Corp. - August 10, 2026) - The Securities and Exchange Commission today charged New York-based investment adviser Adit Ventures Management LLC, its CEO Eric Munson, and three affiliated general partners, Adit Ventures LLC; Adit Ventures II LLC; and Adit Ventures III LLC (the General Partners), for allegedly defrauding investors and client funds in connection with investments in pre-IPO shares, such as SpaceX and Klarna, including by misappropriating
2026-08-10 4:16 PM EDT | Newsfile SEC Press Digest
SEC Establishes Financial Reporting and Accounting Unit in Enforcement Division
Washington, D.C.--(Newsfile Corp. - August 5, 2026) - The Securities and Exchange Commission today announced it is establishing a new specialized unit within the Division of Enforcement to provide the dedicated expertise, focus, and capacity to pursue accounting and financial reporting fraud cases as well as general misconduct in the accounting and auditing areas. The Financial Reporting and Accounting Unit will work in close collaboration with staff across all relevant SEC di
2026-08-05 3:39 PM EDT | Newsfile SEC Press Digest
SEC Announces Continuation of Small Business Advisory Committee Meeting
Washington, D.C.--(Newsfile Corp. - July 30, 2026) - The Securities and Exchange Commission announced that the Small Business Capital Formation Advisory Committee meeting held on July 21, 2026, will reconvene August 6, 2026, at 1 p.m. ET, virtually, on SEC.gov. The committee will continue its exploration into modernizing public market access and encouraging IPOs and small public comp
2026-07-30 11:14 AM EDT | Newsfile SEC Press Digest
Small Business Forum's Report to Congress Highlights Recommendations to Improve Capital-Raising Policy
Washington, D.C.--(Newsfile Corp. - July 27, 2026) - The Securities and Exchange Commission released a report to Congress today highlighting policy recommendations from the SEC’s 45th Annual Government-Business Forum on Small Business Capital Formation. The report provides a summary of the forum proceedings, policy recommendations developed
2026-07-27 5:13 PM EDT | Newsfile SEC Press Digest
SEC Announces Roundtable on Preparations for 24-Hour Trading
Washington, D.C.--(Newsfile Corp. - July 23, 2026) - The Securities and Exchange Commission announced today that it will host a roundtable on Sept. 17, 2026, to discuss moving towards 24-hour trading in the U.S. equity markets, including preparations to support overnight trading, operations and resiliency in a 24-hour market, and opportunities and challenges for expansion. “We are moving towards a new day – and night – in the U.S. equity markets,&#
2026-07-23 12:14 PM EDT | Newsfile SEC Press Digest
SEC Announces Departure of Principal Deputy Director of Enforcement Sam Waldon
Washington, D.C.--(Newsfile Corp. - July 22, 2026) - The Securities and Exchange Commission today announced that Sam Waldon, Principal Deputy Director of the Division of Enforcement, will depart the agency on July 31, 2026, after more than 14 years at the SEC. He will be succeeded as Principal Deputy Director by Osman Nawaz, who previously served with the SEC from 2010-2024 before rejoining the agency last month. “Sam’s contributions to the SEC and the D
2026-07-22 11:35 AM EDT | Newsfile SEC Press Digest
SEC Office of Municipal Securities Updates FAQs for Registration of Municipal Advisors
Washington, D.C.--(Newsfile Corp. - July 10, 2026) - The Securities and Exchange Commission’s Office of Municipal Securities today announced it has updated its Registration of Municipal Advisors FAQs webpage to offer more clarity on municipal advisor registration and recordkeeping requirements. The update offers more clarity to: Public-private partnership (P3) market
2026-07-10 1:25 PM EDT | Newsfile SEC Press Digest
SEC to Host Virtual Roundtable on Modernizing IPOs and Expanding Access to Public Markets
Washington, D.C.--(Newsfile Corp. - July 8, 2026) - The Securities and Exchange Commission’s Office of the Advocate for Small Business Capital Formation and the Division of Corporation Finance will co-host a livestreamed discussion on Monday, July 13, 2026, at 2 p.m. to re-examine the IPO process and reassess the framework for how companies of all sizes access public capital. The event will bring together innovative p
2026-07-08 3:49 PM EDT | Newsfile SEC Press Digest
SEC Small Business Advisory Committee to Explore Modernizing Market Access
Washington, D.C.--(Newsfile Corp. - July 8, 2026) - The Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee announced that it will hold a meeting on Tuesday, July 21, 2026 at 10 a.m. to explore ways to modernize public market access and encourage IPOs and small public company capital formation. The meeting will be open to the public and held at th
2026-07-08 10:49 AM EDT | Newsfile SEC Press Digest
SEC Forms New Retail Fraud Working Group
Washington, D.C.--(Newsfile Corp. - July 7, 2026) - The Securities and Exchange Commission today announced the creation of the Retail Fraud Working Group designed to strengthen the Division of Enforcement’s efforts to identify and combat fraud targeting everyday investors. The Retail Fraud Working Group will leverage staff and resources across the Commission to identify fraud and other misconduct targeting retail investors, including offering frauds, pump
2026-07-07 12:06 PM EDT | Newsfile SEC Press Digest
SEC Names Paul Knight as Chief Operating Officer
Washington, D.C.--(Newsfile Corp. - July 6, 2026) - The Securities and Exchange Commission today announced that Paul Knight has been named as the agency’s Chief Operating Officer (COO). As COO, Mr. Knight will oversee the SEC's operational and administrative functions, including the agency's Office of Human Resources; Office of Acquisitions; Office of Financial Management; EDGAR Business Office; Office of the Chief Data Officer; Office of the Chief Risk Office
2026-07-06 3:21 PM EDT | Newsfile SEC Press Digest
SEC Seeks Public Comment on Novel Exchange-Traded Funds
Washington, D.C.--(Newsfile Corp. - June 30, 2026) - The Securities and Exchange Commission today issued a request for public comment on exchange-traded funds (ETFs) seeking to invest in innovative asset classes or engage in novel investment strategies. The request focuses on ways to facilitate innovation in the ETF space while protecting investors, maintaining fair, orderly, and efficient markets, and facilitating capital formation. “Innovation in
2026-06-30 11:20 AM EDT | Newsfile SEC Press Digest
SEC, CFTC Seek Public Comment on the Harmonization of Portfolio Margining Frameworks
Washington, D.C.--(Newsfile Corp. - June 26, 2026) - The Securities and Exchange Commission and the Commodity Futures Trading Commission today issued a joint request for public comment on potential approaches to further harmonize regulatory frameworks applicable to portfolio margining across securities, security-based swaps, futures, swaps, and related positions. The request for comment is intended to assist the agencies in evaluating whether greater coordination or
2026-06-26 10:32 AM EDT | Newsfile SEC Press Digest
SEC Appoints Kathleen Hutchinson as Director of Office of International Affairs
Washington, D.C.--(Newsfile Corp. - June 24, 2026) - The Securities and Exchange Commission has appointed Kathleen M. Hutchinson as Director of the agency’s Office of International Affairs (OIA). OIA advises the Commission on international policy matters, coordinates with foreign authorities across the globe to facilitate cross-border enforcement and supervisory cooperation and provides technical assistance. Ms. Hutchinson has served as OIA’s Acting Dire
2026-06-24 2:39 PM EDT | Newsfile SEC Press Digest
SEC, CFTC Seek Public Comment to Further Clarify and Harmonize Derivatives Product Definitions
Washington, D.C.--(Newsfile Corp. - June 18, 2026) - The Securities and Exchange Commission and the Commodity Futures Trading Commission today issued a joint request for public comment on potential opportunities to further update, clarify, and harmonize certain derivatives product definitions and interpretive issues. The request for comment is intended to support the Commissions’ ongoing evaluation of whether current regulatory definitions, interpretations, an
2026-06-18 3:54 PM EDT | Newsfile SEC Press Digest
SEC, CFTC Seek Public Input on Data Reporting Frameworks for Security-Based Swap and Swap Markets
Washington, D.C.--(Newsfile Corp. - June 18, 2026) - The Securities and Exchange Commission and Commodity Futures Trading Commission today issued a joint request for public comment on potential opportunities to harmonize, modernize, and streamline data reporting requirements in their regulation of the security-based swap and swap markets, respectively. “Extensive data collection, if not appropriately calibrated, can hinder, rather than enhance, understanding a
2026-06-18 3:53 PM EDT | Newsfile SEC Press Digest