Chief Accountant James Schnurr to Leave SEC
The Securities and Exchange Commission today announced that Chief Accountant James Schnurr intends to retire from the agency. Mr. Schnurr began his tenure as the SEC’s chief accountant in October 2014. During his tenure, Mr. Schnurr was committed to establishing and enforcing accounting and auditing policy as well as to improving the professional performance of public company auditors. Under his leadership, the Office of the Chief Accountant has worked to enhance the transparency and relevancy of financial reporting and has worked to ensure that financial statements are credible and presented fairly. Among other accomplishments, Mr. Schnurr: Facilitated the development of the concept…
Read MoreTrading and Markets Director Stephen Luparello to Leave SEC
The Securities and Exchange Commission today announced that Stephen Luparello, Director of the Division of Trading and Markets, will leave the agency by the first of the year. He was named director of the office in February 2014. Mr. Luparello played a key role in enhancing the transparency and strengthening the integrity of our nation’s markets, including the operation of trading platforms, clearing agencies, and broker-dealers that investors rely on every day. “We set an ambitious agenda to enhance our market structure,” said SEC Chair Mary Jo White. “Steve was at the forefront of that effort, and his leadership and expertise…
Read MoreChief Litigation Counsel Matthew C. Solomon to Leave SEC
The Securities and Exchange Commission today announced that Matthew C. Solomon, the Chief Litigation Counsel for the SEC’s Enforcement Division, will leave the agency early next month. Mr. Solomon has led the Enforcement Division’s litigation program since September 2013, managing cases pending both in federal courts and administrative proceedings at the Commission. The trial unit has 48 attorneys at the SEC’s Washington headquarters as well as more than 100 additional litigators throughout the agency’s 11 regional offices. During Mr. Solomon’s tenure as Chief Litigation Counsel, the agency received favorable verdicts in 22 federal jury trials, including the SEC’s cases against…
Read MoreSEC Announces Agenda for December 8 Investor Advisory Committee Meeting
The Securities and Exchange Commission today announced the agenda for the December 8 meeting of its Investor Advisory Commitee. The meeting will commence at 9:30 a.m. in the Multipurpose Room at SEC headquarters at 100 F Street, N.E., Washington, D.C. and is open to the public. The meeting will be webcast live and archived on the Committee’s website for later viewing. Among other items, the Committee will discuss investor protection priorities for the New Year. It also will hear an update on the Commission’s response to the rulemaking mandate of the Fixing America’s Surface Transportation Act concerning public company disclosure requirements.…
Read MoreSEC Charges Renewable Energy Company, CEO, and Others With Defrauding Investors
The Securities and Exchange Commission today filed fraud charges against four individuals and others who allegedly profited by defrauding investors in a cash-strapped California-based renewable energy company. Patrick Carter, the founder and CEO of 808 Renewable Energy Corp. was charged along with the company, chief operating officer Peter Kirkbride, sales representatives Martin Kinchloe and Thomas Flowers, and three other firms: 808 Investments LLC, West Coast Commodities LLC, and T.A. Flowers LLC. The complaint alleges that the fraud began in 2009 and lasted at least five years, raising more than $30 million from hundreds of investors. According to the SEC’s complaint,…
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