June 24, 2020
Washington D.C., June 22, 2020 — The Securities and Exchange Commission and the Department of Justice’s Antitrust Division have signed an interagency Memorandum of Understanding (MOU) to foster cooperation and …
June 24, 2020
Jay Clayton, the current head of the SEC, has been nominated to be the US Attorney for the Southern District of New York. The Southern District of New York is …
Continue reading “The Securities and Exchange Commission appears like it will need a new head”
April 1, 2019
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 the other received an award of $13 million. The $37 million award is the Commission’s third-highest award to date after the $50 million award made in March 2018 to joint whistleblowers and more than $39 million award announced in September 2018.
March 31, 2019
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.
March 30, 2019
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 and coordinate the agency’s efforts to identify, monitor and respond to market risks—including activities-based risks—affecting the U.S. capital markets.
March 15, 2019
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 company was selling laminate flooring that contained levels of formaldehyde exceeding regulatory standards. Lumber Liquidators agreed to pay more than $6 million to settle the SEC action.
March 10, 2019
The net proceeds from the offering will be used to purchase equity interests from certain existing owners, although Refinitiv will continue to own a controlling interest in the company following the Initial Public Offering.
January 30, 2019
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.
December 26, 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 failures in audits of Corporate Resource Services Inc., which went bankrupt in 2015 after the discovery of approximately $100 million in unpaid federal payroll tax liabilities.
December 25, 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 inconsistent with their disclosures to clients.
