Latest Regulatory Announcements

Washington, D.C.--(Newsfile Corp. - December 11, 2019) - The Securities and Exchange Commission today charged a digital-asset entrepreneur and his company with defrauding investors in an initial coin offering (ICO) that raised more than $42 million from hundreds of investors.The SEC's complaint alleges that from August 2017 to April 2018, Eran Eyal, ...
Banking/Financial Services
2019-12-11 7:10 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - December 10, 2019) - The Securities and Exchange Commission today announced that it has obtained a temporary restraining order and asset freeze against a California solar panel company and three executives who allegedly defrauded more than 100 investors.According to the SEC’s complaint, Nanotech Engineering Inc., CFO Michael ...
Banking/Financial Services
2019-12-10 8:28 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - December 9, 2019) - The Securities and Exchange Commission announced today settlements with former U.S. Rep. Christopher Collins, his son Cameron Collins, and Stephen Zarsky, all of whom were charged with insider trading and pleaded guilty to related criminal charges. The settlements, which are subject to ...
Banking/Financial Services
2019-12-09 4:05 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - December 9, 2019) - The Securities and Exchange Commission today announced that broker-dealer Jefferies LLC will pay nearly $4 million to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs).  ADRs are U.S. securities that represent foreign shares of a foreign company, and they ...
Banking/Financial Services
2019-12-09 1:23 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - December 9, 2019) - A Colorado stock promoter and two of his companies agreed to pay $4.2 million to settle the U.S. Securities and Exchange Commission's charges for fraudulently promoting and trading a cannabis stock. On Dec. 5, 2019, the U.S. District Court for the District of Colorado entered the ...
Banking/Financial Services
2019-12-09 10:53 AM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - December 6, 2019) - The Securities and Exchange Commission today announced that Sweden-based Telefonaktiebolaget LM Ericsson was charged with engaging in a large-scale bribery scheme involving the use of sham consultants to secretly funnel money to government officials in multiple countries. The bribes netted Ericsson hundreds ...
Banking/Financial Services
2019-12-06 10:45 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - December 5, 2019) - The Securities and Exchange Commission today charged two former top executives of Indiana-based trucking company Celadon Group Inc. for their participation in an accounting fraud that inflated the company's income and earnings per share. Celadon previously agreed to settle accounting fraud charges brought by ...
Banking/Financial Services
2019-12-05 7:05 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - December 5, 2019) - The Securities and Exchange Commission today released a report on the 38th Annual Government-Business Forum on Small Business Capital Formation.  The Forum is a unique event attended by SEC Commissioners and staff in which members of the public and private sectors ...
Banking/Financial Services
2019-12-05 7:01 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - December 5, 2019) - The Securities and Exchange Commission today charged brand-management company Iconix Brand Group Inc. and three of its former top executives with fraud. Iconix and two of its former executives have agreed to settle. The SEC’s litigation is proceeding against Iconix’s former CEO.The SEC’s complaint ...
Banking/Financial Services
2019-12-05 6:56 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - December 4, 2019) - The Securities and Exchange Commission today released the agenda for a Dec. 11 telephonic meeting of its Small Business Capital Formation Advisory Committee. The committee provides the Commission with advice and recommendations on Commission rules, regulations and policy matters relating to small ...
Banking/Financial Services
2019-12-04 6:29 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - December 3, 2019) - The Securities and Exchange Commission today announced the appointment of Paul Munter as a Deputy Chief Accountant (International) in the agency's Office of the Chief Accountant.As Deputy Chief Accountant, Mr. Munter will lead the office's activities on international matters, which includes working ...
Banking/Financial Services
2019-12-03 9:34 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - December 3, 2019) - The Securities and Exchange Commission today announced the appointment of John Vanosdall as a Deputy Chief Accountant (Accounting Group) in the agency's Office of the Chief Accountant.As Deputy Chief Accountant, Mr. Vanosdall will lead the activities of the office's accounting group, which includes ...
Banking/Financial Services
2019-12-03 9:29 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - December 2, 2019) - The Securities and Exchange Commission today announced that Kristina Littman has been named Chief of the Division of Enforcement’s Cyber Unit, a national, specialized unit that focuses on protecting investors and markets ...
Banking/Financial Services
2019-12-02 9:10 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - November 27, 2019) - The Securities and Exchange Commission today announced that it has filed an emergency action and obtained an asset freeze against the operators of a South Florida-based investment scheme that defrauded over 100 retail investors, many of whom are seniors. Two of the defendants charged ...
Banking/Financial Services
2019-11-27 1:59 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - November 27, 2019) - The Securities and Exchange Commission today announced that Chief Administrative Law Judge Brenda Murray is retiring after 50 years of federal service, including 25 years as Chief ALJ of the SEC.As the Chief Judge of the Office of Administrative Law Judges, Judge Murray ...
Banking/Financial Services
2019-11-27 1:55 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - November 26, 2019) - The Securities and Exchange Commission today revoked the registration of New York-based investment adviser International Investment Group LLC (IIG), which the Commission recently charged with securities fraud for hiding losses in its flagship hedge fund and selling at least $60 million in ...
Banking/Financial Services
2019-11-26 4:40 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - November 26, 2019) - The Securities and Exchange Commission today charged Georgia-based biotech company MiMedx Group Inc. and three former top executives with defrauding investors by misstating the company’s revenue and attempting to cover up their misconduct. MiMedx has agreed to a settlement to resolve the ...
Banking/Financial Services
2019-11-26 11:57 AM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - November 25, 2019) - The Securities and Exchange Commission has voted to propose a new rule designed to enhance the regulation of the use of derivatives by registered investment companies, including mutual funds, exchange-traded funds (ETFs) and closed-end funds, as well as business development companies. The proposed ...
Banking/Financial Services
2019-11-25 5:15 PM ET | Newsfile SEC Press Digest

Washington D.C.--(Newsfile Corp. - November 25, 2019) - The Securities and Exchange Commission today amended a complaint to charge four former executives of Outcome Health, a private healthcare advertising company, with fraud in raising nearly half a billion dollars by falsely portraying the company as an overwhelming success to investors, clients, and ...
Banking/Financial Services
2019-11-25 11:13 AM ET | Newsfile SEC Press Digest

Washington D.C.--(Newsfile Corp. - November 20, 2019) - The Securities and Exchange Commission today announced that it will host a conference on Dec. 4 entitled “The State of Our Securities Markets.”The conference will bring together current and former government officials and experts from different areas of the private sector to explore ...
Banking/Financial Services
2019-11-20 11:53 AM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - November 19, 2019) - The Securities and Exchange Commission today announced that it has filed an emergency action and obtained a temporary restraining order and asset freeze against two individuals and two companies they control in connection with an alleged $6 million Ponzi scheme that defrauded at least ...
Banking/Financial Services
2019-11-19 10:31 AM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - November 15, 2019) - The Securities and Exchange Commission today announced an award to three individuals who jointly submitted a tip alerting the agency to a well-concealed fraud targeting retail investors.  The information led to a successful enforcement action.  The whistleblowers, who were themselves harmed investors, ...
Banking/Financial Services
2019-11-15 1:15 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - November 13, 2019) - The Securities and Exchange Commission today named Marie-Louise (Malou) Huth as Chief Counsel for the Division of Economic and Risk Analysis (DERA).   Ms. Huth will lead DERA’s Office of the Chief Counsel, which provides guidance to the Chief Economist and other staff regarding ...
Banking/Financial Services
2019-11-13 1:28 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - November 12, 2019) - Today, jurors in New York federal court returned a verdict in the Securities and Exchange Commission's favor against a trading firm headquartered in Kiev, Ukraine, and two individuals for their roles in an unlawful trading scheme that generated more than $25 million ...
Banking/Financial Services
2019-11-12 5:53 PM ET | Newsfile SEC Press Digest

Washington, D.C.--(Newsfile Corp. - November 6, 2019) - The Securities and Exchange Commission today released the agenda for the Tuesday, Nov. 12 meeting of its Small Business Capital Formation Advisory Committee. The committee provides the Commission with advice and recommendations on Commission rules, regulations and policy matters relating to small ...
Banking/Financial Services
2019-11-06 4:33 PM ET | Newsfile SEC Press Digest