US Securities and Exchange Commission - VALIC

SEC Awards $50 Million to Two Whistleblowers

The Securities and Exchange Commission today announced awards totaling $50 million to two whistleblowers whose high-quality information assisted the agency in bringing a successful enforcement action.  One whistleblower received an award of $37 million and…

US Securities and Exchange Commission - VALIC

SEC Names Danae M. Serrano as Ethics Counsel

The Securities and Exchange Commission today announced that Danae M. Serrano has been named the agency’s Ethics Counsel. Ms. Serrano has served as Acting Ethics Counsel since December 2018. "Danae has been a strong and…

US Securities and Exchange Commission - VALIC

SEC Names Jeffrey Dinwoodie Senior Counsel and Policy…

The Securities and Exchange Commission today announced that Jeffrey T. Dinwoodie has been appointed Senior Counsel and Policy Advisor for Market and Activities-Based Risk.  Chairman Jay Clayton has created this senior officer position to manage…

US Securities and Exchange Commission - VALIC

SEC Charges Lumber Liquidators With Fraud

The Securities and Exchange Commission today announced charges against Lumber Liquidators Holdings Inc. for making fraudulent misstatements to investors.  The charges stem from Lumber Liquidators’ false public statements in response to media allegations that the…

US Securities and Exchange Commission - VALIC

SEC Emergency Action Charges Texas Real Estate Developer…

The Securities and Exchange Commission announced today that it filed charges against Texas resident and real estate developer Phillip Michael Carter, two other individuals, and several related entities for conducting a multi-million dollar offering fraud.…

US Securities and Exchange Commission - VALIC

SEC Charges Audit Firm and Suspends Accountants for…

Washington D.C., Dec. 21, 2018 —  The Securities and Exchange Commission today filed settled charges against national audit firm Crowe LLP, two of its partners, and two partners of a now-defunct audit firm for their significant…

US Securities and Exchange Commission - VALIC

Two Advisory Firms, CEO Charged With Mutual Fund…

Washington D.C., Dec. 21, 2018 — The Securities and Exchange Commission today announced settled charges against two New York-based investment advisers and the CEO of one of the advisers who selected mutual fund share classes…