Two Broker-Dealers to Pay $4.65 Million in Penalties for Providing Deficient Blue Sheet Data

The Securities and Exchange Commission today announced that Stifel, Nicolaus & Co., Inc. has agreed to pay $2.7 million and BMO Capital Markets Corp. has agreed to pay $1.95 million to settle charges for providing incomplete and inaccurate…

SEC Charges Prudential Subsidiaries For Misleading Funds They Advised, Generating Tens of Millions in Tax Benefits for Prudential

The Securities and Exchange Commission today charged two subsidiaries of Prudential Financial Inc. with failing to disclose conflicts of interest and making misleading disclosures to the boards for 94 funds they advised.

According to the SEC’s order,…

SEC Charges Silicon Valley-Based Issuer With Misleading Disclosure Violations

The Securities and Exchange Commission today announced that Marvell Technology Group, Ltd. will pay $5.5 million to settle charges that it misled investors when it engaged in an undisclosed revenue management scheme in order to meet publicly-issued…

James M. Daly, Division of Corporation Finance Associate Director, to Retire from the SEC After More Than 38 Years of Service

The Securities and Exchange Commission today announced that James M. Daly, Division of Corporation Finance Associate Director, will retire at the end of the month after more than 38 years of service at the SEC.

As an Associate Director overseeing the…

SEC Proposes Transparency and Financial Accountability Amendments to the CAT NMS Plan

The Securities and Exchange Commission today voted to propose amendments to the national market system plan governing the Consolidated Audit Trail (the “CAT NMS Plan”). 

The proposed amendments to the CAT NMS Plan would require self-regulatory…

Chandler Smith Costello Named Deputy Director for Public Affairs

The Securities and Exchange Commission today announced Chandler Smith Costello has been named Deputy Director for the Office of Public Affairs. Costello comes to the SEC from the Office of Senate Majority Whip John Thune where she served as his…

SEC and CFTC Charge Options Clearing Corp. With Failing to Establish and Maintain Adequate Risk Management Policies

The Securities and Exchange Commission and the Commodity Futures Trading Commission today announced that the Options Clearing Corporation (OCC) will undertake remedial efforts and pay $20 million in penalties to settle charges that it failed to impleme…

SEC Names Monique Winkler as Associate Regional Director in San Francisco Office

The Securities and Exchange Commission today announced that Monique C. Winkler has been named Associate Regional Director for enforcement in the San Francisco Regional Office.  Ms. Winkler succeeds Erin E. Schneider, who became Regional Director of…

SEC Monitoring Impact of Hurricane Dorian on Capital Markets

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

The SEC divisions and offices that oversee companies, accountants, investment advisers, mutual funds, brokerage firms,…

SEC Shuts Down $300 Million Fraud Perpetrated by San Diego Company and Its Principal

The Securities and Exchange Commission today announced it has filed charges and obtained a consented-to asset freeze against San Diego-based ANI Development LLC, its principal, Gina Champion-Cain, and a relief defendant, for operating a multi-year $300…

SEC Charges Private Lender and CEO with Fraudulent Mismarking Scheme

The Securities and Exchange Commission today charged Live Well Financial, Inc. and its CEO, Michael Hild, both of Richmond, Va., with perpetuating a multi-million dollar bond mismarking scheme against Live Well’s short-term lenders. The complaint…

SEC Awards More Than $1.8 Million to Whistleblower

The Securities and Exchange Commission today announced an award of more than $1.8 million to a whistleblower whose information and assistance were critically important to the success of an enforcement action involving misconduct committed overseas.…