Industry News
News items posted here are direct RSS feeds from related industry releases. These items are not published or created by NAFER.
- SEC Investor Advisory Committee to Examine Mandatory Arbitration Clauses in Adviser Agreements and Alternative Assets and Retail Investors at December 10 Meetingon December 3, 2024
The Securities and Exchange Commission’s Investor Advisory Committee will hold a virtual public meeting on Dec. 10, 2024, at 10 a.m. ET. The meeting will be webcast on the SEC website. The committee will host two panels: Examining the Use of…
- SEC Charges Kiromic BioPharma and Two Former C-Suite Executives with Misleading Investors about Status of FDA Reviewson December 3, 2024
The Securities and Exchange Commission today filed settled charges against Houston-based biotherapeutics company Kiromic BioPharma, Inc., its former CEO, Maurizio Chiriva-Internati, and its former chief financial officer, Tony Tontat, for failing to…
- SEC Updates List of Firms Using Inaccurate Information to Solicit Investorson November 27, 2024
The Securities and Exchange Commission today announced that it updated its list of unregistered entities that use misleading information to solicit primarily non-U.S. investors, adding 14 soliciting entities, two impersonators of genuine firms, and four…
- Statement on the Commission’s Approval of the 24X National Exchange Application for Registration as a National Securities Exchangeon November 26, 2024
Statement on the Commission’s Approval of the 24X National Exchange Application for Registration as a National Securities Exchange Commissioners Hester M. Peirce and Caroline A. Crenshaw November 26, 2024
- SEC Charges Ken Leech, Former Co-Chief Investment Officer of Western Asset Management Co., with Fraudon November 25, 2024
The Securities and Exchange Commission today announced fraud charges against Stephen Kenneth (“Ken”) Leech, the former co-chief investment officer (CIO) of registered investment adviser Western Asset Management Company LLC or WAMCO, for engaging in a…
- Statement on Fixed Income Clearing Corporation Ruleson November 25, 2024
Statement on Fixed Income Clearing Corporation Rules Gary Gensler Chair, Securities and Exchange Commission November 25, 2024
- SEC Announces Enforcement Results for Fiscal Year 2024on November 22, 2024
The SEC obtained orders for $8.2 billion in financial remedies, the highest amount in a fiscal year in agency history.
- Chair Gensler statement on Planned Departure of Commissioner Jaime Lizárragaon November 22, 2024
Chair Gensler statement on Planned Departure of Commissioner Jaime Lizárraga
- Commissioner Lizárraga Statement on His Planned Departure from the Commissionon November 22, 2024
Commissioner Lizárraga Statement on His Planned Departure from the Commission
- IM Staff Statement on FICC Registered Fund Margin Frameworkon November 22, 2024
IM Staff Statement on FICC Registered Fund Margin Framework*
- SEC Charges Three Broker-Dealers with Filing Deficient Suspicious Activity Reportson November 22, 2024
The Securities and Exchange Commission today announced that broker-dealers Webull Financial LLC, Lightspeed Financial Services Group LLC, and Paulson Investment Company, LLC have agreed to settle charges that they filed with law enforcement suspicious…
- UPS to Pay $45 Million Penalty for Improperly Valuing Business Uniton November 22, 2024
The Securities and Exchange Commission today announced settled charges against United Parcel Service Inc. for materially misrepresenting its earnings because it failed to follow generally accepted accounting principles (GAAP) in valuing one of its worst…
- Statement on the Departure of SEC Chair Gensleron November 21, 2024
Commissioner Lizárraga Statement on the Departure of SEC Chair Gensler Jaime E. Lizárraga Commissioner U.S. Securities and Exchange Commission
- SEC Charges Advisory Firm La Mancha and its Owner David Kushner with Fraudon November 21, 2024
The Securities and Exchange Commission today charged David Kushner, a resident of Boca Raton, Florida, and his company La Mancha Funding Corp. with defrauding nearly two dozen investors out of approximately $2.1 million in a series of private securities…
- SEC Chair Gensler to Depart Agency on January 20on November 21, 2024
The Securities and Exchange Commission today announced that its 33rd Chair, Gary Gensler, will step down from the Commission effective at 12:00 pm on January 20, 2025. Chair Gensler began his tenure on April 17, 2021, in the immediate aftermath of the…
- SEC Charges Three Senior Executives in Two Actions Alleging Massive Bribery Scheme Involving Indian Energy Companies Adani Green and Azure Poweron November 20, 2024
The Securities and Exchange Commission today charged Gautam Adani and Sagar Adani, executives of Adani Green Energy Ltd., and Cyril Cabanes, an executive of Azure Power Global Ltd., for conduct arising out of a massive bribery scheme. According to the…
- SEC Charges BIT Mining with FCPA Violations in Connection with Bribery Scheme to Influence Members of Japanese Parliamenton November 18, 2024
The Securities and Exchange Commission today announced that BIT Mining Ltd., formerly known as 500.com Limited, agreed to pay a $4 million civil penalty to resolve charges that it violated the Foreign Corrupt Practices Act (FCPA) from 2017 to 2019 by…
- SEC Charges Invesco Advisers for Making Misleading Statements About Supposed Investment Considerationson November 8, 2024
The Securities and Exchange Commission today charged Invesco Advisers, Inc. for making misleading statements about the percentage of company-wide assets under management that integrated environmental, social, and governance (ESG) factors in investment…
- JP Morgan Affiliates to Pay $151 Million to Resolve SEC Enforcement Actionson October 31, 2024
The Securities and Exchange Commission today charged J.P. Morgan Securities LLC (JPMS) and J.P. Morgan Investment Management Inc. (JPMIM) – both affiliates of JPMorgan Chase & Co. (JP Morgan) – in five separate enforcement actions for failures…
- SEC Announces New Members of Small Business Capital Formation Advisory Committeeon October 30, 2024
The Securities and Exchange Commission today announced four new members of the Small Business Capital Formation Advisory Committee. The new members were appointed to four-year terms and will join the 14 current Commission-appointed committee members. “I…