Blog

SEC Announces Program to Facilitate Analysis of Corporate Financial Data

The Securities and Exchange Commission today announced the launch of a pilot program to facilitate investor analysis and comparisons of public company financial statement data. 

Under the new program, data that companies provide in structured …

Read More

SEC Announces Charges Against N.Y.-Based Firm and Three Executives Accused of Siphoning Investor Money

The Securities and Exchange Commission today announced charges against three fund managers and their New York-based firm accused of secretly diverting investor money for their own benefit to prop up a fledgling side business.

The SEC Enforcement Di…

Read More

SEC Issues Annual Staff Reports on Credit Rating Agencies

The Securities and Exchange Commission today issued its annual staff report on the findings of examinations of credit rating agencies registered as nationally recognized statistical rating organizations (NRSROs) and submitted a separate report on NRS…

Read More

SEC Charges California-Based Stock Promoter With Defrauding Investors Seeking Pre-IPO Facebook and Twitter Shares

The Securities and Exchange Commission today charged a stock promoter based in Santa Barbara, Calif., with fraudulently raising nearly $3.5 million from investors purportedly to purchase Facebook and Twitter shares prior to their initial public offer…

Read More

SEC Charges Two Traders in Chile With Insider Trading

The Securities and Exchange Commission today charged two business associates in Chile with insider trading on nonpublic information that one of them learned while serving on the board of directors of a pharmaceutical company.  The agency obtaine…

Read More

SEC Charges Corporate Attorney and Wife With Insider Trading on Client’s Confidential Information

The Securities and Exchange Commission today charged a California-based attorney and his wife with insider trading on confidential information obtained from a corporate client.

The SEC alleges that while serving as outside counsel to Spectrum Pha…

Read More

SEC Charges Investment Manager F-Squared and Former CEO With Making False Performance Claims

The Securities and Exchange Commission today announced that investment management firm F-Squared Investments has agreed to pay $35 million and admit wrongdoing to settle charges that it defrauded investors through false performance advertising about …

Read More

SEC Proposes Amendments to Implement JOBS Act Mandate for Exchange Act Registration Requirements

As mandated by the Jumpstart Our Business Startups Act (JOBS Act), the Securities and Exchange Commission has approved the issuance of proposed amendments to revise the rules related to the thresholds for registration, termination of registration, an…

Read More

SEC Charges Staten Island-Based Firm With Operating Boiler Room Scheme Targeting Seniors

The Securities and Exchange Commission today charged a Staten Island, N.Y.-based firm, its former president, and two sales representatives involved in a fraudulent boiler room scheme targeting seniors to invest in speculative start-up companies.

Read More

SEC Names Deputy Directors in the Division of Trading and Markets

The Securities and Exchange Commission today announced that Gary Barnett and Gary Goldsholle have been named as deputy directors in the Division of Trading and Markets.

“I am pleased to announce these additions to our staff,” said Steph…

Read More

SEC Charges Avon With FCPA Violations

The Securities and Exchange Commission today charged global beauty products company Avon Products Inc. with violating the Foreign Corrupt Practices Act (FCPA) by failing to put controls in place to detect and prevent payments and gifts to Chinese gov…

Read More

SEC Imposes Sanctions Against Hong Kong-Based Firm and Two Accountants for Audit Failures

The Securities and Exchange Commission today imposed sanctions against a Hong Kong-based audit firm and two accountants for failing to properly audit year-end financial statements of a company that the SEC has charged with fraud.

An SEC investiga…

Read More