SEC Chairman Clayton Announces Events for Main Street Investors in Boston

Securities and Exchange Commission Chairman Jay Clayton announced today two events for Main Street investors to be held in Boston on Monday, July 8.

First, Chairman Clayton will host a roundtable with Main Street investors as part of the SEC’s ongoing…

Wedbush to Pay More Than $8.1 Million for Improper Handling of ADRs

The Securities and Exchange Commission today announced that Wedbush Securities Inc. will pay more than $8.1 million to settle charges for improper handling of “pre-released” American Depositary Receipts (ADRs). This is the SEC’s 11th action against a b…

SEC Adopts Amendments to Improve the Application of the Auditor Independence Rules to Loan Provision

The Securities and Exchange Commission adopted amendments to the auditor independence rules relating to the analysis that must be conducted to determine whether an auditor is independent when the auditor has a lending relationship with certain sharehol…

SEC Adopts Amendments to Improve the Application of the Auditor Independence Rules to Loan Provision

The Securities and Exchange Commission adopted amendments to the auditor independence rules relating to the analysis that must be conducted to determine whether an auditor is independent when the auditor has a lending relationship with certain sharehol…

SEC Seeks Public Comment on Ways to Harmonize Private Securities Offering Exemptions

The Securities and Exchange Commission today requested public comment on ways to simplify, harmonize, and improve the exempt offering framework to expand investment opportunities while maintaining appropriate investor protections and to promote capital…

SEC Seeks Public Comment on Ways to Harmonize Private Securities Offering Exemptions

The Securities and Exchange Commission today requested public comment on ways to simplify, harmonize, and improve the exempt offering framework to expand investment opportunities while maintaining appropriate investor protections and to promote capital…

SEC Announces Adam Glazer as Senior Advisor to the Director of the Division of Investment Management

The Securities and Exchange Commission today announced that Adam B. Glazer has been named Senior Advisor to the Director of the Division of Investment Management.

Mr. Glazer started his new position on June 12. He will advise the Director of Investmen…

KPMG Paying $50 Million Penalty for Illicit Use of PCAOB Data and Cheating on Training Exams

The Securities and Exchange Commission today charged KPMG LLP with altering past audit work after receiving stolen information about inspections of the firm that would be conducted by the Public Company Accounting Oversight Board (PCAOB).  The SEC’s or…

Industrial and Commercial Bank of China Affiliate to Pay More Than $42 Million for Improper Handling of ADRs

The Securities and Exchange Commission today announced that Industrial and Commercial Bank of China Financial Services LLC (ICBCFS), a wholly-owned subsidiary of Industrial and Commercial Bank of China Limited, will pay more than $42 million to settle …

SEC Announces 2019 Government-Business Forum to Be Held in Omaha

The Securities and Exchange Commission today announced that it will host the 38th annual Government-Business Forum on August 14, 2019, in Omaha, Nebraska.  The Forum provides a platform to highlight perceived impediments to capital formation, culminati…

SEC Updates List of Firms Using Inaccurate Information to Solicit Investors

The Securities and Exchange Commission today announced that it updated its list of unregistered entities that use misleading information to solicit primarily non-U.S. investors, adding 11 soliciting entities, four impersonators of genuine firms, and ni…

SEC Updates List of Firms Using Inaccurate Information to Solicit Investors

The Securities and Exchange Commission today announced that it updated its list of unregistered entities that use misleading information to solicit primarily non-U.S. investors, adding 11 soliciting entities, four impersonators of genuine firms, and ni…