SEC and NYU to Host Sept. 21 Forum on High-Frequency Trading and Liquidity Resiliency

The U.S. Securities and Exchange Commission’s Division of Economic and Risk Analysis and Division of Trading and Markets are partnering with New York University’s Salomon Center for the Study of Financial Institutions to bring together regulators, prac…

Mark Wolfe Named Associate Director in Office of Derivatives Policy and Trading Practices

The Securities and Exchange Commission today announced that Mark E. Wolfe has been named Associate Director of the Office of Derivatives Policy and Trading Practices in the agency’s Division of Trading and Markets. 

Mr. Wolfe spent nearly seven years …

SEC Charges Investment Advisers With Defrauding Retail Advisory Clients

The Securities and Exchange Commission today charged an Indianapolis-based investment advisory firm and its sole owner with selling approximately $13 million of high-risk securities to more than 120 advisory clients – many of whom are current or former…

Whistleblower Receives Award of Approximately $1.5 Million

The Securities and Exchange Commission today announced that a whistleblower has earned an award of more than $1.5 million.  The whistleblower provided the SEC with vital information and ongoing assistance that proved important to the overall success of…

SEC Charges Citigroup for Dark Pool Misrepresentations

The Securities and Exchange Commission today entered an order finding that Citigroup Global Markets Inc. misled users of a dark pool operated by one of its affiliates. 

The SEC’s order found that Citigroup misled users with assurances that high-freque…

SEC Monitoring Impact of Hurricane Florence on Capital Markets

The Securities and Exchange Commission is closely monitoring the impact of Hurricane Florence on investors and capital markets. 

“The SEC is keeping a close eye on the progress of Hurricane Florence and any effects it may have on investors and capital…

Broker-Dealer to Pay $2.75 Million Penalty for Providing Deficient Blue Sheet Data

The Securities and Exchange Commission today announced that Convergex Execution Solutions LLC, now known as Cowen Execution Services LLC, will pay $2.75 million to settle charges that the broker-dealer firm provided the SEC with incomplete and deficien…

SEC Charges Hedge Fund Adviser With Short-and-Distort Scheme

The Securities and Exchange Commission today charged a hedge fund adviser and his investment advisory firm with illegally profiting from a scheme to drive down the price of San Diego-based Ligand Pharmaceuticals Inc., reaping more than $1.3 million of …

SEC Uses Data Analysis to Detect Cherry-Picking By Broker

The Securities and Exchange Commission today charged a New Jersey-based broker with misusing his access to customers’ brokerage accounts to enrich himself and family members at the expense of his customers, many of whom had entrusted him with their ret…

United Technologies Charged With Violating FCPA

The Securities and Exchange Commission today announced that Connecticut-based United Technologies Corporation will pay $13.9 million to resolve charges that it violated the Foreign Corrupt Practices Act (FCPA) by making illicit payments in its elevator…

Elad Roisman Sworn In As SEC Commissioner

Elad L. Roisman has been sworn into office as an SEC Commissioner by SEC Chairman Jay Clayton.

Mr. Roisman was nominated to the SEC by President Donald J. Trump and his nomination was confirmed by the U.S. Senate on September 5.

“It is my honor to we…

SEC Charges Digital Asset Hedge Fund Manager With Misrepresentations and Registration Failures

The Securities and Exchange Commission today announced its first-ever enforcement action finding an investment company registration violation by a hedge fund manager based on its investments in digital assets.

The SEC entered an order finding that Cry…