SEC Charges Portfolio Manager with Mispricing Fund Investments

The Securities and Exchange Commission today announced settled administrative proceedings against Swapnil Rege, a North Brunswick, New Jersey portfolio manager and trader, for mispricing private fund investments, resulting in a large personal bonus.

A…

SEC Charges Portfolio Manager with Mispricing Fund Investments

The Securities and Exchange Commission today announced settled administrative proceedings against Swapnil Rege, a North Brunswick, New Jersey portfolio manager and trader, for mispricing private fund investments, resulting in a large personal bonus.

A…

SEC Retail Strategy Task Force to Host Roundtable on Combating Elder Investor Fraud

The Securities and Exchange Commission today announced that its Retail Strategy Task Force will host a roundtable on October 3 on combating elder investor fraud. The roundtable will focus on the types of fraudulent and manipulative schemes currently …

SEC Retail Strategy Task Force to Host Roundtable on Combating Elder Investor Fraud

The Securities and Exchange Commission today announced that its Retail Strategy Task Force will host a roundtable on October 3 on combating elder investor fraud. The roundtable will focus on the types of fraudulent and manipulative schemes currently …

Former REIT Manager and Executives to Settle SEC Charges for more than $60 Million

The Securities and Exchange Commission today charged AR Capital LLC, its founder Nicholas S. Schorsch, and its former CFO Brian Block with wrongfully obtaining millions of dollars in connection with two separate mergers between real estate investment t…

SEC and NASAA Explain Application of Securities Laws to Opportunity Zone Investments

The Securities and Exchange Commission and the North American Securities Administrators Association (NASAA) have issued a summary that explains the application of the federal and state securities laws to opportunity zone investments. The “opportunity z…

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…