SEC Files Charges Seeking to Halt Recidivist and Associates in Scheme to Defraud Small Businesses

The Securities and Exchange Commission today charged three-time recidivist Steven J. Muehler with operating an unregistered broker-dealer, facilitating an unregistered securities offering, and defrauding small businesses, while promising to help them r…

SEC Charges Ameriprise With Overcharging Retirement Account Customers for Mutual Fund Shares

The Securities and Exchange Commission today announced that a Minnesota-based broker-dealer and investment adviser has agreed to settle charges for recommending and selling higher-fee mutual fund shares to retail retirement account customers and for fa…

SEC Announces Agenda for March 8 Investor Advisory Committee Meeting

The Securities and Exchange Commission today announced the agenda for the March 8 meeting of its Investor Advisory Committee. The meeting will begin at 9:30 a.m. in the Multipurpose Room at SEC headquarters at 100 F Street, NE, Washington, D.C. and is …

SEC Votes to Modify Compliance Date for Open-End Fund Liquidity Classification

The Securities and Exchange Commission today voted to extend by six months the deadline by which open-end funds must comply with certain elements of the Commission’s liquidity risk management program rule. 

The new compliance date will provide funds a…

SEC Charges Former Bitcoin-Denominated Exchange and Operator With Fraud

The Securities and Exchange Commission today charged a former bitcoin-denominated platform and its operator with operating an unregistered securities exchange and defrauding users of that exchange.  The SEC also charged the operator with making false a…

SEC Adopts Statement and Interpretive Guidance on Public Company Cybersecurity Disclosures

Yesterday, the Securities and Exchange Commission voted unanimously to approve a statement and interpretive guidance to assist public companies in preparing disclosures about cybersecurity risks and incidents.

“I believe that providing the Commission’…

SEC Obtains Bars and Suspensions Against Individuals and Accounting Firm in Shell Factory Scheme

The Securities and Exchange Commission today announced charges against three Israeli residents, a Washington, D.C. attorney, and an Israeli auditor and his Maryland-based accounting firm for their roles in a fraudulent scheme in the creation of numerou…

SEC Suspends Trading in Three Issuers Claiming Involvement in Cryptocurrency and Blockchain Technology

The Securities and Exchange Commission today suspended trading in three companies amid questions surrounding similar statements they made about the acquisition of cryptocurrency and blockchain technology-related assets.

The SEC’s trading suspension or…

Kyle Moffatt Named Chief Accountant in Division of Corporation Finance

The Securities and Exchange Commission today announced that Kyle Moffatt has been named Chief Accountant in the Division of Corporation Finance.

Mr. Moffatt has served as Acting Chief Accountant in the Division since January 2018.  In that role, Mr. M…

Karen Garnett, Associate Director of Division of Corporation Finance, to Leave Agency After 23 Years of Service

The Securities and Exchange Commission today announced that Karen Garnett, an Associate Director in the Division of Corporation Finance, will leave the agency in February.

As an Associate Director overseeing the Division’s disclosure review program, M…

SEC to Hold National Compliance Outreach Seminar for Investment Companies and Investment Advisers

The Securities and Exchange Commission today announced the opening of registration for its compliance outreach program’s national seminar for investment companies and investment advisers.  The event is intended to help Chief Compliance Officers (CCOs) …

Alberto Arevalo, Associate Director in the Office of International Affairs, to Retire From SEC

The Securities and Exchange Commission today announced that Alberto Arevalo, an associate director in the Office of International Affairs, will retire later this month after 28 years of public service.

Mr. Arevalo joined the SEC in 2004 and has been a…