SEC and CFTC Participate in the Signing Ceremony for the IOSCO Enhanced Multilateral Memorandum of Understanding Concerning Cross-Border Enforcement

At the 44th Annual International Organization of Securities Commissions (IOSCO) Conference in Sydney, Australia, the Chairmen of the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission (CFTC) participated in a sign…

Jury Rules in SEC’s Favor, Finds Brokerage Firm and Two of Its Executives Liable for Fraud

Jurors in Manhattan federal court today returned a verdict in the Securities and Exchange Commission’s favor against a brokerage firm and two of its executives.

The SEC charged the brokerage firm, Portfolio Advisors Alliance Inc. (PAA), Howard J. Alle…

SEC Proposes Actions to Improve Cross-Border Application of Security-Based Swap Requirements

The Securities and Exchange Commission today proposed a package of rule amendments and interpretive guidance to improve the framework for regulating cross-border security-based swaps transactions and market participants.

The proposals are intended to …

SEC Proposes Amendments to More Appropriately Tailor the Accelerated and Large Accelerated Filer Definitions

The Securities and Exchange Commission today voted to propose amendments to the accelerated filer and large accelerated filer definitions.  The proposed amendments would reduce costs for certain lower-revenue companies by more appropriately tailoring t…

SEC Charges Nevada Man Who Traded on Confidential Information Taken From Lifelong Friend

The Securities and Exchange Commission today announced settled insider trading charges against a Nevada man who obtained confidential information about a pending corporate merger from a lifelong friend and used it to generate more than $250,000 in illi…

SEC Charges Sapphire Glass Manufacturer and Former CEO With Fraud

The Securities and Exchange Commission today charged a New Hampshire-based company and its former CEO with misleading investors about the company’s ability to supply “sapphire glass” for Apple’s iPhones. The company, GT Advanced Technologies Inc., also…

SEC Proposes to Improve Disclosures Relating to Acquisitions and Dispositions of Businesses

The Securities and Exchange Commission voted to propose rule amendments to improve the information that investors receive regarding the acquisition and disposition of businesses.  The proposed amendments are also intended to facilitate more timely acce…

Adam S. Aderton Named Co-Chief of the Asset Management Unit

The Securities and Exchange Commission today announced that Adam S. Aderton has been named Co-Chief of the Division of Enforcement’s Asset Management Unit, a national specialized unit that focuses on misconduct by investment advisers, investment compan…

SEC’s Office of the Advocate for Small Business Capital Formation to Host Roundtable to Kick Off National Small Business Week

The Securities and Exchange Commission today announced that its Office of the Advocate for Small Business Capital Formation will host a roundtable on May 6 to hear from small businesses and their investors.  The roundtable will celebrate the kickoff of…

SEC Announces Fraud Charges in Ticket Resale Investment Scam

The Securities and Exchange Commission today charged a New York City man with continuing a previously charged scheme, stealing millions of dollars from investors who were allegedly falsely promised their funds would be used for the purchase and resale …

SEC Announces Members of Small Business Capital Formation Advisory Committee

The Securities and Exchange Commission today announced the inaugural members of the Small Business Capital Formation Advisory Committee. The Committee will hold its first meeting on Monday, May 6, 2019, at the SEC’s headquarters in Washington, D.C.

Th…

SEC Charges Truckload Freight Company With Accounting Fraud

The Securities and Exchange Commission today charged Indianapolis-based Celadon Group Inc. with an accounting fraud that allowed the truckload freight company to avoid disclosing substantial losses and misrepresent its financial condition.

In a compla…