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SEC Announces New Hires in the Office of Administrative Law Judges
The Securities and Exchange Commission today announced that two new judges and three new attorneys will join the Office of Administrative Law Judges this summer.
James E. Grimes joined the office as an Administrative Law Judge on June 30. The…
Read MoreEnforcement Division’s Chief Operating Officer Adam Storch to Leave SEC
The Securities and Exchange Commission today announced that Adam D. Storch, chief operating officer and managing executive of the Enforcement Division, is leaving the agency next month.
Mr. Storch has served in the position since its creati…
Read MoreGeoffrey Aronow, Chief Counsel, Office of International Affairs, to Leave SEC
The Securities and Exchange Commission today announced that Geoffrey Aronow, the chief counsel and senior policy advisor in the Office of International Affairs, will leave the agency this month. Mr. Aronow joined the Commission in January 2013….
Read MoreSEC Announces Order for Tick Size Pilot Plan
The Securities and Exchange Commission today announced that it has ordered the national securities exchanges and the Financial Industry Regulatory Authority (FINRA) to act jointly to develop and file with the Commission a national market system plan …
Read MoreSEC Announces Fraud Charges Against Three Former Regions Bank Executives in Accounting Scheme
The Securities and Exchange Commission today announced fraud charges against three former senior managers of Regions Bank for intentionally misclassifying loans that should have been recorded as impaired for accounting purposes. As a result, th…
Read MoreSEC Charges Former Brokers with Trading Ahead of IBM-SPSS Acquisition
The Securities and Exchange Commission today announced it has charged two additional brokers with trading on inside information ahead of the $1.2 billion acquisition of SPSS Inc. in 2009 by IBM Corporation.
The SEC alleged that former brokers…
Read MoreSEC Adopts Cross-Border Security-Based Swap Rules
The Securities and Exchange Commission today adopted the first of a series of rules and guidance on cross-border security-based swap activities for market participants. The new rules will be key to finalizing the remaining proposals.
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Read MoreSEC Obtains Court Order to Halt Fraudulent Bond Offering by City of Harvey, Ill.
The Securities and Exchange Commission today obtained an emergency court order against a Chicago suburb and its comptroller to stop a fraudulent bond offering that the city has been marketing to potential investors.
The SEC has filed fraud charge…
Read MoreSEC Charges Hedge Fund Advisory Firm and Others in South Florida-Based Scheme to Misuse Investor Proceeds
The Securities and Exchange Commission today charged a West Palm Beach, Fla.-based hedge fund advisory firm and its founder with fraudulently shifting money from one investment to another without informing investors. The firm’s founder an…
Read MoreSEC Charges Private Equity Firm With Pay-to-Play Violations Involving Political Campaign Contributions in Pennsylvania
The Securities and Exchange Commission today charged a Philadelphia-area private equity firm with violating “pay-to-play” rules by continuing to receive advisory fees from the city and state pension funds following campaign contributions …
Read MoreCicely LaMothe Named Associate Director in the Division of Corporation Finance
The Securities and Exchange Commission today announced that Cicely LaMothe has been named as an associate director in the agency’s Division of Corporation Finance.
In her new position, Ms. LaMothe will join associate directors Paul Belvin, James Daly, Karen Garnett, and Barry Summer in overseeing the division’s disclosure program under the leadership of deputy director Shelley Parratt.
“I am delighted to welcome Cicely to the division’s senior leadership team. Her experience and skills as an accountant will enhance our oversight of corporate disclosure,” said Keith Higgins, director of the Division of Corporation Finance.
Ms. LaMothe joined the division in 2002 and has served since November 2013 as the acting assistant director of its Office of Real Estate and Commodities. Since 2011, she has been the office’s senior assistant chief accountant, where she manages the accounting staff and leads reviews of public company financial statements and related disclosure. She previously served as an accounting branch chief and as a staff accountant in the division’s disclosure operations program.
Before coming to the SEC, Ms. LaMothe worked for six years in the private sector, including as the financial reporting manager for a public company and as a senior associate with a national accounting firm. She received her bachelor’s degree in accounting from Hampton University in 1996. She was recognized at the SEC’s annual awards program this week by as the recipient of the Byron Woodside Award, given in recognition of outstanding contributions to the SEC’s full disclosure program.
Read MoreSEC Charges Hedge Fund Adviser With Conducting Conflicted Transactions and Retaliating Against Whistleblower
The Securities and Exchange Commission today charged an Albany, N.Y.-based hedge fund advisory firm with engaging in prohibited principal transactions and then retaliating against the employee who reported the trading activity to the SEC. …
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