Nomura to Pay Misled Bond Customers $25 Million to Settle SEC Charges

The Securities and Exchange Commission today instituted two related enforcement actions against Nomura Securities International Inc., which has agreed to repay approximately $25 million to customers for its failure to adequately supervise traders in mo…

SEC Charges Securities Lawyer and Microcap Agent with Fraud

The Securities and Exchange Commission today charged an Arizona-based attorney and a Missouri-based agent of microcap shell companies with securities fraud and registration violations.

According to the SEC’s complaint, from February 2015 to April 2017…

SEC Staff Publishes Statement Highlighting Risks for Market Participants to Consider As They Transition Away from LIBOR

The Securities and Exchange Commission today announced that SEC staff have published a statement that encourages market participants to proactively manage their transition away from LIBOR and outlines several potential areas that may warrant increased …

SEC Monitoring Impact of Tropical Storm Barry on Capital Markets

The Securities and Exchange Commission is closely monitoring the impact of Tropical Storm Barry on investors and capital markets. 

“If you are in the path of Tropical Storm Barry, please listen carefully to directions from local officials before, duri…

SEC Investor Advisory Committee to Meet on July 25

The Securities and Exchange Commission’s Investor Advisory Committee will hold a meeting on July 25. The meeting will begin at 9 a.m. in the Multipurpose Room at SEC headquarters at 100 F Street, N.E., Washington, D.C. and is open to the public. The me…

SEC Charges Accountant and Friend in $6.2 Million Insider Trading Scheme

The Securities and Exchange Commission today filed insider trading charges against an accountant and her friend, whom she illegally tipped with confidential information in advance of her company’s quarterly performance announcements in exchange for all…

CFTC and SEC Invite Public Comment on a Joint Proposal to Align Margin Requirements for Security Futures With Requirements for Similar Financial Products

The Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) (together, the Commissions) have approved a joint proposal to align the minimum margin required on security futures with other similar financial products. …

CFTC and SEC Invite Public Comment on a Joint Proposal to Align Margin Requirements for Security Futures With Requirements for Similar Financial Products

The Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) (together, the Commissions) have approved a joint proposal to align the minimum margin required on security futures with other similar financial products. …

Agencies Adopt Final Rule to Exclude Community Banks from the Volcker Rule

Five federal financial regulatory agencies announced on Tuesday that they adopted a final rule to exclude community banks from the Volcker Rule, consistent with the Economic Growth, Regulatory Relief, and Consumer Protection Act.

The Volcker Rule gene…

SEC Announces August 13 Meeting of Small Business Capital Formation Advisory Committee

The Securities and Exchange Commission today announced the August 13 meeting of its Small Business Capital Formation Advisory Committee. The meeting will begin at 9:30 a.m. CT, 10:30 a.m. ET, at Creighton University in Omaha, Nebraska, and is open to t…

Julie A. Erhardt, Deputy Chief Accountant, to Leave the SEC

The Securities and Exchange Commission announced today that Julie A. Erhardt, Deputy Chief Accountant (Technology and Innovation) in the Office of the Chief Accountant (OCA), plans to leave the agency in July after more than 14 years of noteworthy serv…

Julie A. Erhardt, Deputy Chief Accountant, to Leave the SEC

The Securities and Exchange Commission announced today that Julie A. Erhardt, Deputy Chief Accountant (Technology and Innovation) in the Office of the Chief Accountant (OCA), plans to leave the agency in July after more than 14 years of noteworthy serv…