David Peavler Named Director of Fort Worth Office

The Securities and Exchange Commission today announced that David L. Peavler has been named Director of the Fort Worth Regional Office.

Mr. Peavler previously served for nearly 15 years in senior Division of Enforcement roles in the Fort Worth Regiona…

SEC Adds Fraud Charges Against Purported Cryptocurrency Company Longfin, CEO, and Consultant

The Securities and Exchange Commission today filed a new fraud action against Longfin Corp. and its CEO for falsifying the company’s revenue and, together with a former Longfin consultant, for fraudulently securing the company’s listing on Nasdaq. The …

SEC Adopts Rules and Interpretations to Enhance Protections and Preserve Choice for Retail Investors in Their Relationships With Financial Professionals

The Securities and Exchange Commission today voted to adopt a package of rulemakings and interpretations designed to enhance the quality and transparency of retail investors’ relationships with investment advisers and broker-dealers, bringing the legal…

Marshall Gandy Named Co-Head of SEC’s Investment Adviser/Investment Company Examination Program

The Securities and Exchange Commission today announced that Marshall Gandy has been named Co-National Associate Director of the Investment Adviser/Investment Company examination program in the Office of Compliance Inspections and Examinations (OCIE). 
…

SEC Charges Issuer With Conducting $100 Million Unregistered ICO

The Securities and Exchange Commission today sued Kik Interactive Inc. for conducting an illegal $100 million securities offering of digital tokens.  The SEC charges that Kik sold the tokens to U.S. investors without registering their offer and sale as…

Hedge Fund Adviser to Pay $5 Million for Compliance Failures Related to Valuation of Fund Assets

The Securities and Exchange Commission today announced that a private fund manager in the mortgage-backed securities space has agreed to pay a $5 million penalty to settle charges stemming from compliance deficiencies that contributed to the firm’s fai…

SEC Announces Enforcement and Investor Education Initiatives to Protect Teachers and Military Service Members

The Securities and Exchange Commission today announced two new initiatives that will build on its ongoing efforts to protect retail investors. The Teachers’ Initiative and the Military Service Members’ Initiative will build on the Commission’s past eff…

SEC Announces Enforcement and Investor Education Initiatives to Protect Teachers and Military Service Members

The Securities and Exchange Commission today announced two new initiatives that will build on its ongoing efforts to protect retail investors. The Teachers’ Initiative and the Military Service Members’ Initiative will build on the Commission’s past eff…

SEC Seeks Emergency Relief to Halt Ponzi Scheme Run From College Fraternity House

The Securities and Exchange Commission today announced an emergency action charging a recent college graduate with orchestrating a Ponzi scheme that targeted college students and young investors. The SEC is seeking an asset freeze and other emergency r…

SEC Seeks Emergency Relief to Halt Ponzi Scheme Run From College Fraternity House

The Securities and Exchange Commission today announced an emergency action charging a recent college graduate with orchestrating a Ponzi scheme that targeted college students and young investors. The SEC is seeking an asset freeze and other emergency r…

Ahmed Abonamah Named Deputy Director of the Office of Municipal Securities

The Securities and Exchange Commission today announced that Ahmed Abonamah has been named Deputy Director of the agency’s Office of Municipal Securities (OMS).

Mr. Abonamah will oversee many of OMS’s strategic initiatives as well as advise OMS’s leade…

SEC Announces Kevin Zerrusen as Senior Advisor to the Chairman for Cybersecurity Policy

The Securities and Exchange Commission today announced that Kevin A. Zerrusen will serve as Chairman Jay Clayton’s Senior Advisor for Cybersecurity Policy. In this role, Mr. Zerrusen will coordinate efforts across the agency to address cybersecurity po…