Regulatory Announcements

Washington, D.C.--(Newsfile Corp. - September 16, 2021) - The Securities and Exchange Commission today charged a San Diego County school district, Sweetwater Union High School District, and its former Chief Financial Officer, Karen Michel, with misleading investors who purchased $28 million in municipal bonds.According to the SEC's complaint against Michel...
Banking/Financial Services
2021-09-16 1:48 PM EDT | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - September 15, 2021) - The Securities and Exchange Commission today announced awards of approximately $110 million and $4 million to two whistleblowers whose information and assistance led to successful SEC and related actions.  With these awards,...
Banking/Financial Services
2021-09-15 2:14 PM EDT | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - September 14, 2021) - The Securities and Exchange Commission today announced that App Annie Inc., a leading alternative data provider for the mobile app industry, and its co-founder and former CEO and Chairman Bertrand Schmitt, have agreed to settle securities fraud charges for engaging in...
Banking/Financial Services
2021-09-14 2:57 PM EDT | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - September 13, 2021) - The Securities and Exchange Commission today charged New York City-based GTV Media Group Inc. and Saraca Media Group Inc., and Phoenix, Arizona-based Voice of Guo Media Inc., with conducting an illegal unregistered...
Banking/Financial Services
2021-09-13 9:04 AM EDT | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - September 3, 2021) - The Securities and Exchange Commission today charged The Kraft Heinz Company with engaging in a long-running expense management scheme that resulted in the restatement of several years of financial reporting. The SEC...
Banking/Financial Services
2021-09-03 8:37 AM EDT | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - September 2, 2021) - The Securities and Exchange Commission's Investor Advisory Committee will hold a public meeting on Sept. 9 by remote means. 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 website...
Banking/Financial Services
2021-09-02 2:36 PM EDT | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - September 1, 2021) - The Securities and Exchange Commission announced today that it has filed an action against BitConnect, an online crypto lending platform, its founder Satish Kumbhani, and its top U.S. promoter and his affiliated company, alleging that they defrauded retail investors out of...
Banking/Financial Services
2021-09-01 4:36 PM EDT | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - August 31, 2021) - SEC Chair Gary Gensler has directed the staff to carefully monitor developments as a result of Hurricane Ida making landfall on Aug. 29, 2021. The safety of local residents is our highest priority. We invite inquiries from any person with obligations...
Banking/Financial Services
2021-08-31 3:23 PM EDT | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - August 31, 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 perpetrated by Shakopee,...
Banking/Financial Services
2021-08-31 11:53 AM EDT | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - August 30, 2021) - The Securities and Exchange Commission today sanctioned eight firms in three actions for failures in their cybersecurity policies and procedures that resulted in email account takeovers exposing the personal information of thousands...
Banking/Financial Services
2021-08-30 12:18 PM EDT | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - August 27, 2021) - The Securities and Exchange Commission today announced awards of approximately $2.6 million to five whistleblowers who provided information and assistance in three separate enforcement proceedings.In the first order, the SEC awarded approximately...
Banking/Financial Services
2021-08-27 2:01 PM EDT | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - August 27, 2021) - The Securities and Exchange Commission today announced that it is requesting information and public comment on matters related to the use of digital engagement practices by broker-dealers and investment advisers. These tools...
Banking/Financial Services
2021-08-27 12:40 PM EDT | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - August 26, 2021) - The Securities and Exchange Commission today instituted settled charges against Crews & Associates Inc., an Arkansas-based broker-dealer, and its former CEO, Rush F. Harding III, for unfair dealing in connection with a...
Banking/Financial Services
2021-08-26 11:29 AM EDT | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - August 25, 2021) - The Securities and Exchange Commission today announced the appointment of Barbara Roper as Senior Advisor to the Chair. Ms. Roper's focus will be on issues relating to retail investor protection, including matters relating to policy, broker-dealer oversight, investment adviser oversight, and...
Banking/Financial Services
2021-08-25 3:06 PM EDT | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - August 25, 2021) - The Securities and Exchange Commission today charged Manish Lachwani, the former CEO of HeadSpin Inc., a Silicon Valley-based private technology company, with defrauding investors out of $80 million by falsely claiming that...
Banking/Financial Services
2021-08-25 12:21 PM EDT | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - August 25, 2021) - On Aug. 20, 2021, the Securities and Exchange Commission filed an emergency action to stop a fraudulent Ponzi scheme allegedly perpetrated by Marietta, Georgia resident John Woods and two entities he controls:...
Banking/Financial Services
2021-08-25 9:48 AM EDT | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - August 24, 2021) - The Securities and Exchange Commission today announced that Pennsylvania-based Healthcare Services Group, Inc. has agreed to pay $6 million to settle charges that the company engaged in accounting and disclosure violations that...
Banking/Financial Services
2021-08-24 9:49 AM EDT | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - August 23, 2021) - The Securities and Exchange Commission announced that Joseph K. Brenner has retired as the Chief Counsel of the Division of Enforcement, a role he held since January 2011. As Chief Counsel, Mr. Brenner served as the head of the Division of...
Banking/Financial Services
2021-08-23 5:33 PM EDT | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - August 23, 2021) - The Securities and Exchange Commission today announced that in fiscal year 2022 the fees that public companies and other issuers pay to register their securities with the Commission will be set at $92.70 per million dollars.BackgroundThe securities laws require the Commission...
Banking/Financial Services
2021-08-23 3:02 PM EDT | Newsfile SEC Press Digest