Regulatory Announcements

Washington, D.C.--(Newsfile Corp. - December 6, 2021) - The Securities and Exchange Commission today charged American Renal Associates Holdings, Inc. (ARA), a provider of dialysis services through clinics across the country, with engaging in a revenue manipulation scheme that resulted in the restatement of several years of financial reporting....
Banking/Financial Services
2021-12-06 12:33 PM EST | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - December 3, 2021) - The Securities and Exchange Commission today announced that Ernesto A. Lanza will serve as Acting Director of the Office of Municipal Securities (OMS). Mr. Lanza, who has served as Senior Counsel to the OMS Director since 2019, replaces Rebecca J. Olsen,...
Banking/Financial Services
2021-12-03 2:26 PM EST | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - December 2, 2021) - The Securities and Exchange Commission today adopted amendments to finalize rules implementing the submission and disclosure requirements in the Holding Foreign Companies Accountable Act (HFCAA). The rules apply to registrants the SEC identifies as having filed an annual report with an...
Banking/Financial Services
2021-12-02 1:06 PM EST | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - December 2, 2021) - The Securities and Exchange Commission today charged the former Chief Financial Officer of pharmaceutical company Immunomedics, Inc. and his former romantic partner with insider trading in the company’s stock. According to the SEC’s complaint, while serving as CFO of Immunomedics, Usama Malik...
Banking/Financial Services
2021-12-02 12:43 PM EST | Newsfile SEC Press Digest

Washington D.C.--(Newsfile Corp. - December 2, 2021) - The Securities and Exchange Commission today charged a Latvian citizen with defrauding hundreds of retail investors out of at least $7 million through two separate fraudulent digital asset securities offerings.According to the civil complaint, filed in U.S. District Court for the Eastern...
Banking/Financial Services
2021-12-02 11:26 AM EST | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - December 1, 2021) - 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 82 soliciting entities, eight (8) impersonators of...
Banking/Financial Services
2021-12-01 12:42 PM EST | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - November 29, 2021) - Securities and Exchange Commission staff today released guidance for companies about how to properly recognize and disclose compensation cost for "spring-loaded awards" made to executives.Spring-loaded awards are share-based compensation arrangements where a...
Banking/Financial Services
2021-11-29 11:06 AM EST | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - November 24, 2021) - The Securities and Exchange Commission's Investor Advisory Committee will hold a public meeting on Dec. 2 by remote means. The meeting will begin at 10 a.m. ET, is open to the public...
Banking/Financial Services
2021-11-24 10:26 AM EST | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - November 22, 2021) - The Securities and Exchange Commission today announced that Texas-based oilfield services company ProPetro Holding Corp. and its founder and former CEO Dale Redman have agreed to settle charges that they failed to...
Banking/Financial Services
2021-11-22 4:30 PM EST | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - November 22, 2021) - The Securities and Exchange Commission today announced awards totaling approximately $10.4 million to several whistleblowers who provided information and assistance in three separate covered actions.In the first order, the SEC issued awards...
Banking/Financial Services
2021-11-22 12:01 PM EST | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - November 19, 2021) - The Securities and Exchange Commission today announced the appointment of Haoxiang Zhu, a professor of finance at the Massachusetts Institute of Technology, as Director of the agency’s Division of Trading and Markets, effective Dec. 10, 2021. David Saltiel, who has served...
Banking/Financial Services
2021-11-19 1:06 PM EST | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - November 19, 2021) - The Securities and Exchange Commission today announced that an affiliate of McKinsey & Company that offers investment options exclusively to current and former McKinsey partners and employees has agreed to pay an...
Banking/Financial Services
2021-11-19 10:48 AM EST | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - November 18, 2021) - The Securities and Exchange Commission today published proposed Exchange Act Rule 10c-1, which would require lenders of securities to provide the material terms of securities lending transactions to a registered national securities association, such as the Financial Industry Regulatory Authority. The...
Banking/Financial Services
2021-11-18 4:41 PM EST | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - November 18, 2021) - The Securities and Exchange Commission today published proposed amendments to the electronic recordkeeping and prompt production of records requirements applicable to broker-dealers, security-based swap dealers (SBSDs), and major security-based swap participants (MSBSPs)."This proposal updates an electronic recordkeeping rule adopted in 1997,"...
Banking/Financial Services
2021-11-18 4:40 PM EST | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - November 18, 2021) - The Securities and Exchange Commission today announced that it filed 434 new enforcement actions in fiscal year 2021, representing a 7 percent increase over the prior year. Seventy percent of these new or "stand-alone" actions involved at least one individual defendant...
Banking/Financial Services
2021-11-18 4:06 PM EST | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - November 18, 2021) - The Securities and Exchange Commission today announced that it charged Ryan Ginster of Corona, California with conducting two unregistered and fraudulent securities offerings that raised over $3.6 million in cryptocurrency from retail investors.The SEC’s complaint alleges that, from 2018 to 2021,...
Banking/Financial Services
2021-11-18 2:47 PM EST | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - November 17, 2021) - The Securities and Exchange Commission today voted to propose amendments to its rules governing proxy voting advice. The proposed amendments aim to address concerns expressed by investors and others that the current...
Banking/Financial Services
2021-11-17 12:44 PM EST | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - November 17, 2021) - The Securities and Exchange Commission today voted to adopt final rules requiring parties in a contested election to use universal proxy cards that include all director nominees presented for election at a...
Banking/Financial Services
2021-11-17 12:03 PM EST | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - November 15, 2021) - The Securities and Exchange Commission today announced that Daniel R. Gregus has been named Director of the Chicago Regional Office, where he has served as acting co-director since June.Mr. Gregus is a 28-year veteran of the SEC and has held leadership...
Banking/Financial Services
2021-11-15 2:06 PM EST | Newsfile SEC Press Digest