SEC Staff to Host Roundtable on Market Structure for Thinly-Traded Securities

The Securities and Exchange Commission today announced its staff will host a roundtable on April 23 that will address the market structure for thinly-traded exchange-listed securities, both equities and exchange-traded products.  The roundtable, which …

SEC Awards Whistleblower More Than $2.1 Million

The Securities and Exchange Commission today announced a whistleblower award of more than $2.1 million to a former company insider whose information led to multiple successful enforcement actions.  The whistleblower’s information strongly supported the…

SEC Charges Texas Company, Principals in Multimillion Dollar Ponzi Scheme Targeting Seniors

On April 6, 2018, the Securities and Exchange Commission charged two Texas companies and their principals in a $2.4 million Ponzi scheme and in a related, $1.4 million offering fraud targeting retirees.
The SEC’s complaint alleges that, from 2010 to 20…

SEC Orders Three Investment Advisers to Pay $12 Million to Harmed Clients

The Securities and Exchange Commission today announced that three investment advisers have settled charges for breaching fiduciary duties to clients and generating millions of dollars of improper fees in the process.  

According to the SEC’s orders, P…

SEC Obtains Emergency Freeze of $27 Million in Stock Sales of Purported Cryptocurrency Company Longfin

The Securities and Exchange Commission has obtained a court order freezing more than $27 million in trading proceeds from allegedly illegal distributions and sales of restricted shares of Longfin Corp. stock involving the company, its CEO, and three ot…

SEC Issues Agenda for April 9 Meeting of the Fixed Income Market Structure Advisory Committee

The Securities and Exchange Commission today released the agenda for the Fixed Income Market Structure Advisory Committee meeting, which will be held on April 9, 2018 beginning at 9:30 a.m. ET. The Commission established the advisory committee to provi…

SEC Charges Medical Device Company The Eye Machine and Founder Pocklington With Fraud

The Securities and Exchange Commission today charged convicted felon and former NHL team owner Peter H. Pocklington, his medical device company, and others with defrauding investors by hiding Pocklington’s recidivist history and by misappropriating inv…

Joel R. Levin Named Director of Chicago Regional Office

The Securities and Exchange Commission today announced that Joel R. Levin has been named Director of the Chicago Regional Office.  He will join the agency next month.

Mr. Levin is a veteran federal prosecutor who has served in various senior leadershi…

SEC Awards More Than $2.2 Million to Whistleblower Who First Reported Information to Another Federal Agency Before SEC

The Securities and Exchange Commission today announced a whistleblower award of more than $2.2 million to a former company insider whose tips helped the agency open an investigation that led to an enforcement action.  The whistleblower first reported t…

SEC Names Peter Henry as Director of the Office of Equal Employment Opportunity

The Securities and Exchange Commission today announced that Peter Henry has been named Director of the agency’s Office of Equal Employment Opportunity (OEEO).  Mr. Henry joined the SEC as OEEO Deputy Director in 2014, and has been serving as the office…

SEC Warns of Government Impersonators

The Securities and Exchange Commission today issued an Investor Alert warning investors of fraudsters claiming to be SEC employees in an attempt to trick investors into sending money or revealing sensitive account information.  The alert makes clear th…

SEC Promotes Investor Awareness During National Financial Capability Month

As part of National Financial Capability Month, the Securities and Exchange Commission’s Office of Investor Education and Advocacy (OIEA) is encouraging investors to go to Investor.gov to learn about the importance of saving and investing early, and to…