SEC Updates Filing Threshold to Rule 17h Reporting Requirements for Broker-Dealers

The SEC announced it has issued an order to update the filing threshold for broker-dealers Form 17-H Filings made pursuant to Exchange Act Rules 17h-1T […]

Private Fund Adviser and Investor OCIE Risk Alert

The OCIE, Office of Compliance Inspections and Examinations, released a Risk Alert concerning examinations of RIA’s that manage private equity funds or hedge funds. The […]

LIBOR Transition Preparedness

The OCIE announced the transition away from LIBOR as an examination program priority for FY 2020. LIBOR is formally known as the London Interbank Offered Rate and […]

SEC Whistleblower Payouts and What It Means for You

The SEC recently announced that they awarded the single largest individual reward ever – a $50 million whistleblower award to an individual who recorded misconduct by a […]

SEC DEFICIENCIES NOTED BY THE SEC

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SEC Releases an FAQ on COVID-19 Efforts

The FAQ that the SEC released encompasses their efforts and their impacts for firms and funds due to COVID-19. The questions are to their responses […]

OCIE to Complete Inspections for Compliance with Regulation Best Interest and Form CRS

The SEC’s Office of Compliance Inspections and Examinations (“OCIE”) released risk alerts regarding examinations for compliance with Regulation Best Interest (“Reg-BI”) and Form CRS. These […]

SEC Office of Compliance Inspections and Examinations Publishes Observations on Cybersecurity

The SEC’s Office of Compliance Inspections and Examinations (OCIE) today issued examination observations related to cybersecurity and operational resiliency practices taken by market participants. The topics addressed in the […]

SEC Office of Compliance Inspections and Examinations Announces 2020 Examination Priorities

The Securities and Exchange Commission’s Office of Compliance Inspections and Examinations (OCIE) today announced its 2020 examination priorities. OCIE publishes its examination priorities annually to enhance […]

Former Congressman and Two Others Settle Insider Trading Charges

The Securities and Exchange Commission announced today settlements with former U.S. Rep. Christopher Collins, his son Cameron Collins, and Stephen Zarsky, all of whom were charged with insider trading and pleaded guilty to related criminal charges. The…

Jefferies to Pay Nearly $4 Million for Improper Handling of ADRs

The Securities and Exchange Commission today announced that broker-dealer Jefferies LLC will pay nearly $4 million to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs).  

ADRs are U.S. securities that…

SEC Obtains Touting and Fraud Judgment Against Colorado Cannabis Stock

A Colorado stock promoter and two of his companies agreed to pay $4.2 million to settle the U.S. Securities and Exchange Commission’s charges for fraudulently promoting and trading a cannabis stock. On Dec. 5, 2019, the U.S. District…