U.S. Securities And Exchange Commission
Recent News About U.S. Securities And Exchange Commission
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OPINION: The SEC Rule on Natural Asset Companies Will Cripple Land Use in America
Hijacking corporate finance to advance political agendas has taken a new and alarming turn. After the briefest of comment periods, the Securities and Exchange Commission (SEC) is considering a far-reaching rule change that will dramatically alter the ownership and use of public and private land in the United States.
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Antonia Apps, New York Regional SEC director: 'Without registration, investors of all types are deprived of the protections afforded them by the robust disclosures and other safeguards long provided by our securities laws'
The Securities and Exchange Commission has accused Los Angeles-based media and entertainment company Impact Theory of conducting an unregistered offering of crypto asset securities, specifically non-fungible tokens (NFTs). The company, headquartered in Los Angeles, managed to raise around $30 million through this endeavor.
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Grewal: Former N.J. corrections officer 'misappropriated and misused investor money'
The U.S. Securities and Exchange Commission recently filed charges against John DeSalvo, a former New Jersey corrections officer, for orchestrating a cryptocurrency fraud scheme that primarily targeted law enforcement personnel.
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Grippo: 'Lawyers often have access to sensitive and confidential information about their law firms’ public company clients'
The U.S. Securities and Exchange Commission recently brought insider trading charges against Romero Cabral da Costa Neto, who allegedly engaged in trading activities based on confidential information during his tenure as a visiting attorney at a global law firm.
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Two SEC commissioners dissent from first NFT enforcement action
The U.S. Securities and Exchange Commission (SEC) announced on Aug. 28 that it had settled its first enforcement action related to non-fungible tokens (NFTs). SEC Commissioners Hester Peirce and Mark Uyeda dissented, saying that they disagreed with the SEC's application of the Howey test.
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Nawaz: 'Investment advisers must ensure the accuracy of disclosures made to existing and prospective investors'
The U.S. Securities and Exchange Commission has taken action against Titan Global Capital Management USA LLC, an investment adviser based in New York, for employing misleading hypothetical performance metrics in their advertisements.
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U.S. Securities and Exchange Commission declines to comment on Natural Asset Companies approval or denial status
On July 28, the U.S. Securities and Exchange Commission declined to comment when asked on the approval status of Natural Asset Companies, giving no timeline on when a decision could be expected or where the filing is at in the process.
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Grupo Aval SA to pay $40M for FCPA violations
In resolving Foreign Corrupt Practices Act (FCPA) violations, the Colombian conglomerate Grupo Aval Acciones y Valores S.A., also known as Grupo Aval S.A., and its bank subsidiary, Corporación Financiera Colombiana S.A. (Corficolombiana), agreed to pay $40 million.
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Kelly: 'Specific and credible information plays an integral part in the SEC’s enforcement efforts'
Seven individuals who acted as whistleblowers have been granted more than $104 million by the U.S. Securities and Exchange Commission.
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Crypto Council for Innovation: 'Congress has not provided the SEC with regulatory authority over transactions in digital assets'
The Crypto Council for Innovation, an organization dedicated to advancing innovation in the cryptocurrency industry, said the U.S. Securities and Exchange Commission's recent enforcement actions in the crypto industry are an overreach of its regulatory authority stemming from the assumption that most digital assets are securities.
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Combs: 'DEBT Box and its principals lied to investors about virtually every material aspect of their unregistered offering of securities'
In order to stop a fraudulent crypto asset scheme involving 18 defendants, the U.S. Securities and Exchange Commission successfully obtained emergency relief against a company based in Utah.
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Grewal: Compliance with federal securities laws 'is essential to investor protection and well-functioning markets'
The U.S. Securities and Exchange Commission recently announced charges against 11 Wall Street firms for reported extensive recordkeeping shortcomings.
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Werner: 'This action seeks to protect the investing public and hold Heart accountable for his actions'
The U.S. Securities and Exchange Commission charged Richard Heart, the founder of Hex, with the misappropriation of millions from investor funds raised through unregistered crypto asset securities offerings, which garnered more than $1 billion.
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Gensler: 'The SEC’s order finds that Quantstamp violated the registration provisions of the federal securities laws'
Quantstamp, a blockchain security firm, is set to return $28 million raised in a 2017 initial coin offering (ICO) after the U.S. Securities and Exchange Commission charged the California-based firm with "conducting an unregistered ICO of crypto asset securities."
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Gensler: 'Whether a company loses a factory in a fire — or millions of files in a cybersecurity incident — it may be material to investors'
Public companies in the U.S. now must disclose any cybersecurity incidents they have, as well as their cybersecurity risk management plans, under new rules recently adopted by the U.S. Securities and Exchange Commission (SEC).
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Grewal: SEC 'will continue to use all the tools at our disposal to hold accountable those who abuse their positions'
A British national who resides primarily in the Bahamas and three of his associates were charged by the U.S. Securities and Exchange Commission (SEC) with insider trading. The investor allegedly provided nonpublic information to the others for the purpose of executing illegal trades, resulting in more than $500,000 in profits.
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Apps: 'The SEC remains committed to holding accountable those who prey upon innocent investors'
The Securities and Exchange Commission recently issued a release regarding charges brought against Eliyahu Weinstein, a twice-convicted fraudster from Lakewood, N.J., and five other individuals for their involvement in a $38 million Ponzi-like scheme aimed at defrauding investors.
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SEC's Katharine E. Zoladz: Merrill Lynch and BACNAH 'failed to comply with one of the most basic requirements for a SAR program'
The Securities and Exchange Commission (SEC) has announced charges against Merrill Lynch, Pierce, Fenner & Smith Inc. and its parent company, BAC North America Holding Co. (BACNAH) for failing to file hundreds of Suspicious Activity Reports (SARs) between 2009 and 2019.
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Grewal: Craffy manipulated Gold Star family members 'to profit from their grief'
The Securities and Exchange Commission (SEC) has charged former U.S. Army financial counselor Caz L. Craffy with defrauding Gold Star family members of benefits, including of life insurance and survivor benefits received after the death of an active duty service member.
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Bustillo: ’Singh targeted many members of the Haitian-American community'
The U.S. Securities and Exchange Commission charged Florida resident Sanjay Singh with operating a $112 million Ponzi scheme that targeted members of the Haitian-American community.