Regulatory Announcements

Washington, D.C.--(Newsfile Corp. - January 21, 2021) - The Securities and Exchange Commission announced today that President Joseph R. Biden, Jr. has designated Allison Herren Lee as Acting Chair of the agency.“It’s an honor to continue my service on the Commission in this new role,” Acting Chair Lee said. “I have...
Banking/Financial Services
2021-01-21 2:14 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - January 21, 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 28 soliciting entities, three impersonators of genuine firms, and six bogus regulators.The SEC's list of soliciting entities...
Banking/Financial Services
2021-01-21 10:46 AM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - January 19, 2021) - The Securities and Exchange Commission today announced that Kimberly Hamm, Chief Counsel to the Chairman, will conclude her tenure at the agency in the coming weeks.Ms. Hamm joined the SEC in April 2019 and was named Chief Counsel to Chairman Jay...
Banking/Financial Services
2021-01-19 5:45 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - January 19, 2021) - The Securities and Exchange Commission today announced that Shelley E. Parratt, Acting Director of the SEC's Division of Corporation Finance, is retiring next month after 35 years of service to the Commission. Ms. Parratt joined the SEC's Division of Corporation Finance in...
Banking/Financial Services
2021-01-19 5:14 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - January 15, 2021) - The Securities and Exchange Commission's Office of the Advocate for Small Business Capital Formation will host its second annual Capital Call on Feb. 4, 2020, at 1 p.m. ET, where the office will talk about what’s happening with capital raising from startup to small...
Banking/Financial Services
2021-01-15 11:37 AM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - January 15, 2021) - The Securities and Exchange Commission today announced that starting on February 25, 2021, the fee rates applicable to most securities transactions will be set at $5.10 per million dollars. Consequently, each SRO will continue to pay the Commission a rate of $22.10 per...
Banking/Financial Services
2021-01-15 10:07 AM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - January 14, 2021) - The Securities and Exchange Commission today announced an award of nearly $600,000 to a whistleblower whose tip led to the success of an enforcement action.  The whistleblower substantially contributed to an open investigation by providing detailed and highly valuable information resulting...
Banking/Financial Services
2021-01-14 11:13 AM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - January 13, 2021) - The Securities and Exchange Commission today announced that Sagar Teotia, the Commission’s Chief Accountant, intends to leave the agency by the end of February after nearly six years of total public service.As Chief Accountant, Mr. Teotia is the principal advisor to the...
Banking/Financial Services
2021-01-13 10:08 AM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - January 12, 2021) - The Securities and Exchange Commission today announced that Marc P. Berger, Acting Director of the Division of Enforcement, will conclude his tenure at the agency this month. Mr. Berger joined the Commission as Director of the New York Regional Office in December...
Banking/Financial Services
2021-01-12 1:28 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - January 12, 2021) - The Securities and Exchange Commission today charged fund manager Eric C. Malley and his company MG Capital Management L.P. with defrauding retail investors in two real estate funds managed by MG Capital.According to the SEC’s complaint, beginning in 2014, Malley –...
Banking/Financial Services
2021-01-12 12:48 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - January 8, 2021) - The Securities and Exchange Commission today announced charges against Deutsche Bank AG for violations of the Foreign Corrupt Practices Act (FCPA). As part of coordinated resolutions with the SEC and the Department of Justice, Deutsche Bank has agreed to pay more...
Banking/Financial Services
2021-01-08 3:55 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - January 7, 2021) - The Securities and Exchange Commission today announced awards totaling more than $1.1 million to five whistleblowers who provided high-quality information that led to successful enforcement actions.In the first order, the SEC awarded three whistleblowers almost $500,000 in connection with two related...
Banking/Financial Services
2021-01-07 2:37 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - January 7, 2021) - The Securities and Exchange Commission today announced that Paul G. Cellupica, Deputy Director and Chief Counsel of the Division of Investment Management, will depart the agency later this month.Mr. Cellupica rejoined the division as Deputy Director in November 2017, and became...
Banking/Financial Services
2021-01-07 12:17 PM ET | Newsfile SEC Press Digest

Washington D.C--(Newsfile Corp. - December 30, 2020) - The Securities and Exchange Commission today announced that it has named Jed Hickman as the Director of the SEC’s EDGAR Business Office (EBO). Mr. Hickman, who has been serving as Acting Director of the office since April 2019, will assume his new...
Banking/Financial Services
2020-12-30 12:06 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - December 30, 2020) - The Securities and Exchange Commission today charged Gregory Altieri, of Melville, New York, for operating a fraudulent Ponzi-like scheme that defrauded current and retired police officers and firefighters, among others, and misappropriating investor funds.According to the SEC's complaint, from at least...
Banking/Financial Services
2020-12-30 10:48 AM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - December 28, 2020) - The Securities and Exchange Commission today announced that President Donald J. Trump has designated Elad L. Roisman as Acting Chairman of the agency."I am humbled and honored to serve as the Acting...
Banking/Financial Services
2020-12-28 5:56 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - December 28, 2020) - The Securities and Exchange Commission today announced that it filed an emergency action and obtained an order imposing an asset freeze and other emergency relief against Virgil Capital LLC and its affiliated companies in connection with an alleged securities fraud relating...
Banking/Financial Services
2020-12-28 12:20 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - December 23, 2020) - The Securities and Exchange Commission today issued a statement and request for comment regarding the custody of digital asset securities by broker-dealers in order to encourage innovation around the application of Securities Exchange Act Rule 15c3-3 to digital asset securities.The statement sets...
Banking/Financial Services
2020-12-23 11:52 AM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - December 23, 2020) - The Securities and Exchange Commission today announced that Sean Memon will conclude his tenure as the agency's Chief of Staff in January 2021.Mr. Memon joined the SEC as Deputy Chief of Staff in May 2017 and was named Chief of Staff...
Banking/Financial Services
2020-12-23 11:37 AM ET | Newsfile SEC Press Digest