SEC Revokes Registration of Adviser Engaged in $60 Million Fraud

The Securities and Exchange Commission today revoked the registration of New York-based investment adviser International Investment Group LLC (IIG), which the Commission recently charged with securities fraud for hiding losses in its flagship hedge fun…

SEC Charges Biotech Company and Executives With Accounting Fraud

The Securities and Exchange Commission today charged Georgia-based biotech company MiMedx Group Inc. and three former top executives with defrauding investors by misstating the company’s revenue and attempting to cover up their misconduct. MiMedx has…

SEC Announces Conference on Macroeconomic and Structural Trends and Dynamics Affecting the Capital Markets

The Securities and Exchange Commission today announced that it will host a conference on Dec. 4 entitled “The State of Our Securities Markets.”

The conference will bring together current and former government officials and experts from different…

SEC Halts Ponzi scheme Targeting Seniors and Small Business Owners

The Securities and Exchange Commission today announced that it has filed an emergency action and obtained a temporary restraining order and asset freeze against two individuals and two companies they control in connection with an alleged $6…

SEC Awards Over $260,000 to Whistleblowers for Their Help in Spotting Securities Fraud

The Securities and Exchange Commission today announced an award to three individuals who jointly submitted a tip alerting the agency to a well-concealed fraud targeting retail investors.  The information led to a successful enforcement action.…

Marie-Louise Huth Named Chief Counsel in Division of Economic and Risk Analysis

The Securities and Exchange Commission today named Marie-Louise (Malou) Huth as Chief Counsel for the Division of Economic and Risk Analysis (DERA).   Ms. Huth will lead DERA’s Office of the Chief Counsel, which provides guidance to the…

SEC Wins Jury Trial in Layering, Manipulative Trading Case

Today, jurors in New York federal court returned a verdict in the Securities and Exchange Commission’s favor against a trading firm headquartered in Kiev, Ukraine, and two individuals for their roles in an unlawful trading scheme that generated more th…

SEC Issues Agenda for Nov. 12 Meeting of Small Business Capital Formation Advisory Committee

The Securities and Exchange Commission today released the agenda for the Tuesday, Nov. 12 meeting of its Small Business Capital Formation Advisory Committee. The committee provides the Commission with advice and recommendations on Commission rules,…

SEC Charges Adviser for Running Ponzi Scheme Targeting Haitian Community

The Securities and Exchange Commission today filed charges against a New York investment adviser for operating a multimillion-dollar investment club that was actually a fraudulent Ponzi scheme targeting members of the local Haitian community as well as…

SEC Division of Enforcement Publishes Annual Report for Fiscal Year 2019

The Securities and Exchange Commission’s Division of Enforcement today issued its annual report for fiscal year 2019. The report details the division’s efforts and initiatives on behalf of investors, highlights several significant actions, and presents…

SEC Proposes Amendments to Modernize Shareholder Proposal Rule

The Securities and Exchange Commission today voted to propose amendments to modernize the rule that governs the process for shareholder proposals to be included in a company’s proxy statement.

“Today’s proposed amendments follow from the staff…

SEC Proposes Rule Amendments to Improve Accuracy and Transparency of Proxy Voting Advice

The Securities and Exchange Commission today voted to propose amendments to its rules governing proxy solicitations to enhance the quality of the disclosure about material conflicts of interest that proxy voting advice businesses provide their clients.…