SEC Names Sharon Binger as Director of Philadelphia Regional Office
The Securities and Exchange Commission today named Sharon B. Binger as director of the Philadelphia Regional Office, where she will oversee enforcement and examinations in the Mid-Atlantic region. Ms. Binger joined the SEC’s Enforcement Division in 2008 has been an assistant regional director in the New York office since 2011. Ms. Binger has handled enforcement cases ranging from offering frauds and insider trading to trading suspensions in microcap stocks. She led the SEC’s investigation into Total S.A. for Foreign Corrupt Practices Act violations, which resulted in one of the largest-ever FCPA settlements. Ms. Binger also has collaborated closely with the…
Read MoreElizabeth Murphy Named as Associate Director in the Division of Corporation Finance
The Securities and Exchange Commission today announced that Elizabeth Murphy has been named an associate director in its Division of Corporation Finance. For the past five years, Ms. Murphy has served as the Secretary of the Commission, heading the office that prepares, reviews, and maintains records of Commission action and advises the Commission and the SEC staff on administrative practices and procedures. From 2000 to 2009, she was the chief of the Division of Corporation Finance’s Office of Rulemaking, which plays a leading role in rulemaking projects undertaken by the division. In her new role, Ms. Murphy will oversee the…
Read MoreSEC to Hold Cybersecurity Roundtable
The Securities and Exchange Commission today announced that it will host a roundtable next month to discuss cybersecurity and the issues and challenges it raises for market participants and public companies, and how they are addressing those concerns. The growing interest in cybersecurity across financial markets and other sectors has raised questions about how various market participants can effectively manage cybersecurity threats. Cybersecurity breaches have focused public attention on how public companies disclose cybersecurity threats and incidents. The roundtable will be held at the SEC’s Washington, D.C. headquarters on March 26 and will be open to the public and webcast…
Read MoreSEC Approves 2014 PCAOB Budget and Accounting Support Fee
The Securities and Exchange Commission voted February 5 to approve the 2014 budget of the Public Company Accounting Oversight Board (PCAOB) and related annual accounting support fee, as required by the Sarbanes-Oxley Act of 2002. The PCAOB budget totals $258.4 million and will be funded primarily by the collection of an accounting support fee totaling $252 million. The PCAOB oversees the audits and auditors of financial statements filed by public companies and registered broker-dealers. The Sarbanes-Oxley Act, which established the PCAOB, provides the Commission with oversight responsibility over the PCAOB. The Sarbanes-Oxley Act specifies that the PCAOB’s budget be subject…
Read MoreFee Rate Advisory #3 for Fiscal Year 2014
The Securities and Exchange Commission today announced that starting on March 18, 2014, the fee rates applicable to most securities transactions will be set at $22.10 per million dollars. The assessment on security futures transactions will remain unchanged at $0.0042 for each round turn transaction. The Commission determined these new rates in accordance with Section 31 of the Securities Exchange Act of 1934. These adjustments do not directly affect the amount of funding available to the SEC. The Office of Interpretation and Guidance in the Commission’s Division of Trading and Markets is available for questions on Section 31 at (202)…
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