Category: SEC Press Releases

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…

Source: SEC Press Releases, What’s Happening from Start-Up to Small Cap: SEC’s Small Business Advocate to Host Capital Call Feb. 4

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…

Source: SEC Press Releases, Fee Rate Advisory #2 for Fiscal Year 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…

Source: SEC Press Releases, SEC Awards Nearly 0,000 to Whistleblower

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…

Source: SEC Press Releases, Sagar Teotia to Conclude Tenure as SEC Chief Accountant

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…

Source: SEC Press Releases, Acting Enforcement Director Marc P. Berger to Depart the Commission

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…

Source: SEC Press Releases, SEC Charges Real Estate Fund Manager With Misappropriating Over Million From Retail Investors

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…

Source: SEC Press Releases, SEC Charges Deutsche Bank With FCPA Violations Related to Third-Party Intermediaries

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…

Source: SEC Press Releases, SEC Issues Over .1 Million to Multiple Whistleblowers

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…

Source: SEC Press Releases, Paul G. Cellupica, Division of Investment Management Deputy Director and Chief Counsel to Conclude Tenure at SEC

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 role…

Source: SEC Press Releases, Jed Hickman Named SEC’s EDGAR Business Office Director

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…

Source: SEC Press Releases, SEC Charges Jewelry Wholesaler with Fraudulent Securities Offering Targeting Current and Retired Police Officers and Firefighters

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 Chairman,” said Acting Chairman Roisman. “During…

Source: SEC Press Releases, Elad Roisman Named Acting Chairman of the SEC

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…

Source: SEC Press Releases, SEC Obtains Emergency Asset Freeze, Charges Cryto Fund Manager with Fraud

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…

Source: SEC Press Releases, SEC Issues Statement and Requests Comment Regarding the Custody of Digital Asset Securities by Special Purpose Broker-Dealers

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 in June 2019.…

Source: SEC Press Releases, SEC Chief of Staff Sean Memon Announces Plans to Conclude Tenure

The Securities and Exchange Commission announced today that it has filed an action against Ripple Labs Inc. and two of its executives, who are also significant security holders, alleging that they raised over $1.3 billion through an unregistered,…

Source: SEC Press Releases, SEC Charges Ripple and Two Executives with Conducting .3 Billion Unregistered Securities Offering

The Securities and Exchange Commission today announced that Charles Koretke has been named Managing Executive of the Division of Examinations.  In this role, Mr. Koretke will manage and lead Examinations’ business operations in the areas of human…

Source: SEC Press Releases, Charles Koretke Named Managing Executive of Division of Examinations

The Securities and Exchange Commission today voted to propose an amendment to Rule 144 under the Securities Act of 1933 to revise the holding period determination for securities acquired upon the conversion or exchange of certain “market-adjustable…

Source: SEC Press Releases, SEC Proposes Amendments to Rule 144 and Form 144

The Securities and Exchange Commission today announced that Dalia Blass, Director of the Division of Investment Management, will depart the SEC in January after leading the Division since September 2017. Under her leadership, the Division finalized more…

Source: SEC Press Releases, Dalia Blass to Conclude Tenure as Director of the Division of Investment Management

The Securities and Exchange Commission today announced it had finalized reforms under the Investment Advisers Act to modernize rules that govern investment adviser advertisements and payments to solicitors. The amendments create a single rule that…

Source: SEC Press Releases, SEC Adopts Modernized Marketing Rule for Investment Advisers

The Securities and Exchange Commission today announced an award of more than $1.6 million to a whistleblower whose tip significantly contributed to the success of an enforcement action.  The whistleblower produced critical information about an…

Source: SEC Press Releases, SEC Awards Over .6 Million to Whistleblower

The Securities and Exchange Commission voted to take two actions to advance implementation of security-based swap regulation under Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act.  First, the Commission is publishing a…

Source: SEC Press Releases, SEC Issues Substituted Compliance Order for Germany and Notice of Substituted Compliance Application and Proposed Substituted Compliance Order for France

The Securities and Exchange Commission and the Commissione Nazionale per le Società e la Borsa (CONSOB) today announced the signing of a Memorandum of Understanding (MOU) concerning consultation, cooperation and the exchange of information regarding the…

Source: SEC Press Releases, SEC and CONSOB Sign New Supervisory Cooperation Arrangement

The Securities and Exchange Commission today named John Moses as Deputy Director of the SEC’s Office of Investor Education and Advocacy (OIEA).   

Mr. Moses joins Mary Head, who has been Deputy Director of OIEA since 2009.  In his…

Source: SEC Press Releases, SEC Names John Moses as Deputy Director of Office of Investor Education and Advocacy

The Securities and Exchange Commission today announced that it filed an emergency action against California-based real estate development company SiliconSage Builders LLC, aka Silicon Sage Builders, and its sole owner, Sanjeev Acharya, in connection…

Source: SEC Press Releases, SEC Charges Company and CEO for 9 Million Securities Fraud Targeting Members of the South Asian American Community