Regulatory Announcements
Newsroom
Official announcements from the United States Securities and Exchange Commission (SEC) highlighting recent actions taken by the Agency and other newsworthy information. Searches will return results from stories up to two years old.
-
SEC Charges Nishad Singh with Defrauding Investors in Crypto Asset Trading Platform FTXWashington, D.C.--(Newsfile Corp. - February 28, 2023) - The Securities and Exchange Commission today charged Nishad Singh, the former Co-Lead Engineer of FTX Trading Ltd. (FTX), for his role in a multiyear scheme to defraud equity investors in FTX, the...
Banking/Financial Services
2023-02-28 1:53 PM EST | Newsfile SEC Press Digest -
SEC Investor Advisory Committee to Discuss the Growth of Private Markets, Oversight of Investment Advisers, and Open-End Fund Liquidity Risk Management at March 2nd Meeting
Washington, D.C.--(Newsfile Corp. - February 24, 2023) - The Securities and Exchange Commission’s Investor Advisory Committee will hold a virtual public meeting on March 2 at 10:00 a.m. ET. The meeting will be webcast on the SEC website.The committee will host three...
Banking/Financial Services
2023-02-24 1:05 PM EST | Newsfile SEC Press Digest -
SEC Charges Cousins for Insider Trading in Kodak Stock Ahead of Company's Planned Govt. Partnership to Assist in Response to COVID-19
Washington, D.C.--(Newsfile Corp. - February 23, 2023) - The Securities and Exchange Commission today charged Andrew Stiles for insider trading in the stocks of Eastman Kodak Company and Novavax, Inc. based on nonpublic information related to both companies’ planned government...
Banking/Financial Services
2023-02-23 2:42 PM EST | Newsfile SEC Press Digest -
SEC Charges Ozy Media and its CEO Carlos Watson with Widespread Scheme to Defraud Investors
Washington, D.C.--(Newsfile Corp. - February 23, 2023) - The Securities and Exchange Commission today charged media and entertainment company Ozy Media Inc., its CEO Carlos R. Watson, Jr., its former COO Samir Rao, and its former Chief of Staff Suzee...
Banking/Financial Services
2023-02-23 12:41 PM EST | Newsfile SEC Press Digest -
SEC Charges African Gold Acquisition Corp. with Internal Controls, Reporting, and Recordkeeping Failures
Washington, D.C.--(Newsfile Corp. - February 22, 2023) - The Securities and Exchange Commission today announced settled charges against African Gold Acquisition Corp., a publicly traded special purpose acquisition company (SPAC), for internal controls, reporting, and recordkeeping violations. These failures enabled...
Banking/Financial Services
2023-02-22 11:41 AM EST | Newsfile SEC Press Digest -
SEC Charges The Church of Jesus Christ of Latter-day Saints and Its Investment Management Company for Disclosure Failures and Misstated Filings
Washington, D.C.--(Newsfile Corp. - February 21, 2023) - The Securities and Exchange Commission today announced charges against Ensign Peak Advisers Inc., a non-profit entity operated by The Church of Jesus Christ of Latter-day Saints to manage the Church’s investments, for...
Banking/Financial Services
2023-02-21 10:29 AM EST | Newsfile SEC Press Digest -
SEC Charges NBA Hall of Famer Paul Pierce for Unlawfully Touting and Making Misleading Statements About Crypto Security
Washington, D.C.--(Newsfile Corp. - February 17, 2023) - The Securities and Exchange Commission today announced charges against former NBA player Paul Pierce for touting EMAX tokens, crypto asset securities offered and sold by EthereumMax, on social media without disclosing the...
Banking/Financial Services
2023-02-17 11:37 AM EST | Newsfile SEC Press Digest -
SEC Charges Final Participant in Multi-Million Dollar Scheme to Spread and Trade on False Rumors about Public Companies
Washington, D.C.--(Newsfile Corp. - February 16, 2023) - The Securities and Exchange Commission today charged Milan Vinod Patel, of Cumming, Georgia, for spreading more than 100 false rumors about public companies to generate more than $1 million in illicit trading profits. The SEC previously charged Barton Ross, Mark Melnick,
Banking/Financial Services
2023-02-16 6:10 PM EST | Newsfile SEC Press Digest -
SEC Charges Terraform and CEO Do Kwon with Defrauding Investors in Crypto Schemes
Washington, D.C.--(Newsfile Corp. - February 16, 2023) - The Securities and Exchange Commission today charged Singapore-based Terraform Labs PTE Ltd and Do Hyeong Kwon with orchestrating a multi-billion dollar crypto asset securities fraud involving an algorithmic stablecoin and other crypto asset securities.According to the SEC’s complaint, from April 2018 until...
Banking/Financial Services
2023-02-16 5:09 PM EST | Newsfile SEC Press Digest -
SEC Charges Options Clearing Corporation with Rule Failures
Washington, D.C.--(Newsfile Corp. - February 16, 2023) - The Securities and Exchange Commission today announced that The Options Clearing Corporation (OCC) will undertake remedial efforts and pay $17 million in penalties to settle charges that it failed to comply with its SEC-approved Stress Testing and Clearing Fund Methodology rule during...
Banking/Financial Services
2023-02-16 5:01 PM EST | Newsfile SEC Press Digest -
SEC Proposes Enhanced Safeguarding Rule for Registered Investment Advisers
Washington, D.C.--(Newsfile Corp. - February 15, 2023) - The Securities and Exchange Commission today proposed rule changes to enhance protections of customer assets managed by registered investment advisers. If adopted, the changes would amend and redesignate rule 206(4)-2, the Commission’s...
Banking/Financial Services
2023-02-15 12:38 PM EST | Newsfile SEC Press Digest -
SEC Finalizes Rules to Reduce Risks in Clearance and Settlement
Washington, D.C.--(Newsfile Corp. - February 15, 2023) - The Securities and Exchange Commission today adopted rule changes to shorten the standard settlement cycle for most broker-dealer transactions in securities from two business days after the trade date (T+2) to one...
Banking/Financial Services
2023-02-15 11:06 AM EST | Newsfile SEC Press Digest -
SEC Proposes Revision to Privacy Act Rule
Washington, D.C.--(Newsfile Corp. - February 14, 2023) - The Securities and Exchange Commission today proposed a rule that would revise the Commission’s regulations under the Privacy Act. The Privacy Act is the principal law governing the handling of personal information...
Banking/Financial Services
2023-02-14 3:09 PM EST | Newsfile SEC Press Digest -
Cicely LaMothe Named Deputy Director, Disclosure Operations, for The Division of Corporation Finance
Washington, D.C.--(Newsfile Corp. - February 14, 2023) - The Securities and Exchange Commission today announced that Cicely LaMothe was named Deputy Director, Disclosure Operations, for the Division of Corporation Finance, effective Feb. 12, 2023. Ms. LaMothe served as the Acting...
Banking/Financial Services
2023-02-14 2:08 PM EST | Newsfile SEC Press Digest -
SEC Charges Former CEO of Slync in $67 Million Offering Fraud
Washington, D.C.--(Newsfile Corp. - February 14, 2023) - The Securities and Exchange Commission today charged Christopher S. Kirchner, the co-founder and former CEO of Slync, Inc., a privately-held Texas-based software company, with fraudulently offering and selling more than $67 million...
Banking/Financial Services
2023-02-14 1:38 PM EST | Newsfile SEC Press Digest -
Kraken to Discontinue Unregistered Offer and Sale of Crypto Asset Staking-As-A-Service Program and Pay $30 Million to Settle SEC Charges
Washington, D.C.--(Newsfile Corp. - February 9, 2023) - The Securities and Exchange Commission today charged Payward Ventures, Inc. and Payward Trading Ltd., both commonly known as Kraken, with failing to register the offer and sale of their crypto asset staking-as-a-service...
Banking/Financial Services
2023-02-09 3:27 PM EST | Newsfile SEC Press Digest -
SEC Division of Examinations Announces 2023 Priorities
Washington, D.C.--(Newsfile Corp. - February 7, 2023) - The Securities and Exchange Commission’s Division of Examinations today announced its 2023 examination priorities. The Division publishes its examination priorities annually to provide insights into its risk-based approach, including the areas it...
Banking/Financial Services
2023-02-07 3:56 PM EST | Newsfile SEC Press Digest -
SEC Seeks Applicants for Public Company Accounting Oversight Board Seat
Washington, D.C.--(Newsfile Corp. - February 7, 2023) - The Securities and Exchange Commission today announced the start of the selection process to fill a seat on the Public Company Accounting Oversight Board (PCAOB) that will become vacant in October. The PCAOB appointment is for a five-year term from October 2023-October...
Banking/Financial Services
2023-02-07 11:10 AM EST | Newsfile SEC Press Digest -
Activision Blizzard to Pay $35 Million for Failing to Maintain Disclosure Controls Related to Complaints of Workplace Misconduct and Violating Whistleblower Protection Rule
Washington, D.C.--(Newsfile Corp. - February 3, 2023) - The Securities and Exchange Commission today announced that Activision Blizzard Inc., a video game development and publishing company, agreed to pay $35 million to settle charges that it failed to maintain disclosure...
Banking/Financial Services
2023-02-03 9:09 AM EST | Newsfile SEC Press Digest -
SEC Publishes Annual Staff Report on Nationally Recognized Statistical Rating Organizations
Washington, D.C.--(Newsfile Corp. - February 2, 2023) - The Securities and Exchange Commission today published a staff report that provides a summary of the staff’s examinations of nationally recognized statistical rating organizations (NRSROs) and discusses the state of competition, transparency,...
Banking/Financial Services
2023-02-02 10:23 AM EST | Newsfile SEC Press Digest