SEC Seeks Public Comment on Ways to Harmonize Private Securities Offering Exemptions

The Securities and Exchange Commission today requested public comment on ways to simplify, harmonize, and improve the exempt offering framework to expand investment opportunities while maintaining appropriate investor protections and to promote capital…

SEC Seeks Public Comment on Ways to Harmonize Private Securities Offering Exemptions

The Securities and Exchange Commission today requested public comment on ways to simplify, harmonize, and improve the exempt offering framework to expand investment opportunities while maintaining appropriate investor protections and to promote capital…

SEC Announces Adam Glazer as Senior Advisor to the Director of the Division of Investment Management

The Securities and Exchange Commission today announced that Adam B. Glazer has been named Senior Advisor to the Director of the Division of Investment Management.

Mr. Glazer started his new position on June 12. He will advise the Director of Investmen…

KPMG Paying $50 Million Penalty for Illicit Use of PCAOB Data and Cheating on Training Exams

The Securities and Exchange Commission today charged KPMG LLP with altering past audit work after receiving stolen information about inspections of the firm that would be conducted by the Public Company Accounting Oversight Board (PCAOB).  The SEC’s or…

Industrial and Commercial Bank of China Affiliate to Pay More Than $42 Million for Improper Handling of ADRs

The Securities and Exchange Commission today announced that Industrial and Commercial Bank of China Financial Services LLC (ICBCFS), a wholly-owned subsidiary of Industrial and Commercial Bank of China Limited, will pay more than $42 million to settle …

SEC Announces 2019 Government-Business Forum to Be Held in Omaha

The Securities and Exchange Commission today announced that it will host the 38th annual Government-Business Forum on August 14, 2019, in Omaha, Nebraska.  The Forum provides a platform to highlight perceived impediments to capital formation, culminati…

SEC Updates List of Firms Using Inaccurate Information to Solicit Investors

The Securities and Exchange Commission today announced that it updated its list of unregistered entities that use misleading information to solicit primarily non-U.S. investors, adding 11 soliciting entities, four impersonators of genuine firms, and ni…

SEC Updates List of Firms Using Inaccurate Information to Solicit Investors

The Securities and Exchange Commission today announced that it updated its list of unregistered entities that use misleading information to solicit primarily non-U.S. investors, adding 11 soliciting entities, four impersonators of genuine firms, and ni…

David Peavler Named Director of Fort Worth Office

The Securities and Exchange Commission today announced that David L. Peavler has been named Director of the Fort Worth Regional Office.

Mr. Peavler previously served for nearly 15 years in senior Division of Enforcement roles in the Fort Worth Regiona…

SEC Adds Fraud Charges Against Purported Cryptocurrency Company Longfin, CEO, and Consultant

The Securities and Exchange Commission today filed a new fraud action against Longfin Corp. and its CEO for falsifying the company’s revenue and, together with a former Longfin consultant, for fraudulently securing the company’s listing on Nasdaq. The …

SEC Adopts Rules and Interpretations to Enhance Protections and Preserve Choice for Retail Investors in Their Relationships With Financial Professionals

The Securities and Exchange Commission today voted to adopt a package of rulemakings and interpretations designed to enhance the quality and transparency of retail investors’ relationships with investment advisers and broker-dealers, bringing the legal…

Marshall Gandy Named Co-Head of SEC’s Investment Adviser/Investment Company Examination Program

The Securities and Exchange Commission today announced that Marshall Gandy has been named Co-National Associate Director of the Investment Adviser/Investment Company examination program in the Office of Compliance Inspections and Examinations (OCIE). 
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