Silicon Valley Company Settles Fraud Charge for Misstating Returns to Investors
The Securities and Exchange Commission today announced that Prosper Funding LLC will pay a $3 million penalty for miscalculating and materially overstating annualized net returns to retail and other investors.
San Francisco-based Prosper is a marketpl…Read More
SEC and FINRA to Hold National Compliance Outreach Program for Broker-Dealers on June 27, 2019
The Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) today announced the opening of registration for their 2019 National Compliance Outreach Program for Broker-Dealers, which will be held June 27, 2019, i…Read More
Sara Cortes and David Bartels Named Deputy Chief Counsels of the Division of Investment Management
The Securities and Exchange Commission today announced that Sara Cortes and David P. Bartels have been named Deputy Chief Counsels of the Division of Investment Management. As Deputy Chief Counsels, Ms. Cortes and Mr. Bartels will join a leadership tea…Read More
SEC Charges Former Woodbridge Directors of Investment With Fraud
The Securities and Exchange Commission today charged two former directors of investments at Woodbridge Group of Companies LLC for their roles in its massive Ponzi scheme. The defendants, California-based Ivan Acevedo and Dane R. Roseman, were separatel…Read More
SEC Issues Agenda for April 15 Meeting of the Fixed Income Market Structure Advisory Committee
The Securities and Exchange Commission today released the agenda for the April 15 meeting of the Fixed Income Market Structure Advisory Committee. The Commission established the advisory committee to provide a formal mechanism through which the Commis…Read More
SEC Charges Former SeaWorld Associate General Counsel With Insider Trading
The Securities and Exchange Commission today charged a former senior lawyer at SeaWorld Entertainment Inc. with insider trading based on nonpublic information that the company’s revenue would be better than anticipated for the second quarter of 2018.
New SEC Campaign Educates Investors on Where and How to Get Answers
The Securities and Exchange Commission today unveiled a public service campaign to empower Main Street investors to take control of their financial future. The public service announcement (PSA) encourages investors to use the free tools and unbiased in…Read More
SEC Charges Transportation Company Executives With Accounting Fraud
The Securities and Exchange Commission today charged the former CFO and two former employees of a publicly traded transportation company with fraud for manipulating the company’s financial results in order to meet earnings targets and projections.
SEC Charges Former CEO of Silicon Valley Startup With Defrauding Investors
The Securities and Exchange Commission today charged the founder and former chief executive of a Silicon Valley startup with defrauding investors in Jumio Inc., a private mobile payments company. The former CEO, Daniel Mattes, agreed to pay more than $…Read More
Are You Prepared for Your Financial Future? Use the SEC’s Investor Preparedness Checklist to Find Out
Are you prepared for your financial future? That’s the question the Securities and Exchange Commission’s Office of Investor Education and Advocacy (OIEA) is asking investors. To help investors get started with creating their own saving and investing p…Read More