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…

SEC Charges Multinational Telecommunications Company With FCPA Violations

The Securities and Exchange Commission today announced that Sweden-based Telefonaktiebolaget LM Ericsson was charged with engaging in a large-scale bribery scheme involving the use of sham consultants to secretly funnel money to government officials in…

SEC Proposes to Modernize Regulation of the Use of Derivatives by Registered Funds and Business Development Companies

The Securities and Exchange Commission has voted to propose a new rule designed to enhance the regulation of the use of derivatives by registered investment […]

SEC Charges Trucking Executives With Accounting Fraud

The Securities and Exchange Commission today charged two former top executives of Indiana-based trucking company Celadon Group Inc. for their participation in an accounting fraud that inflated the company’s income and earnings per share.…

SEC Releases Report on 38th Annual Small Business Forum

The Securities and Exchange Commission today released a report on the 38th Annual Government-Business Forum on Small Business Capital Formation.  The Forum is a unique event attended by SEC Commissioners and staff in which members of the public and…

SEC Charges Iconix Brand Group and Former Top Executives With Accounting Fraud

The Securities and Exchange Commission today charged brand-management company Iconix Brand Group Inc. and three of its former top executives with fraud. Iconix and two of its former executives have agreed to settle. The SEC’s litigation is…

SEC Issues Agenda for Dec. 11 Meeting of Small Business Capital Formation Advisory Committee

The Securities and Exchange Commission today released the agenda for a Dec. 11 telephonic meeting of its Small Business Capital Formation Advisory Committee. The committee provides the Commission with advice and recommendations on Commission rules,…