Industry News

News items posted here are direct RSS feeds from related industry releases. These items are not published or created by NAFER.

  • SEC Charges Investment Advisers With Cherry-Picking, Obtains Asset Freeze
    on June 17, 2021

    The Securities and Exchange Commission today announced that it has obtained an asset freeze and other emergency relief, and filed fraud charges, against a Miami-based investment professional and two investment firms for engaging in an alleged “cherry-…

  • SEC, NASAA, and FINRA Offer Free Resource to Securities Firms to Assist in Detection, Prevention and Reporting of Financial Exploitation of Seniors
    on June 16, 2021

    In recognition of World Elder Abuse Awareness Day, the U.S. Securities and Exchange Commission (SEC), the North American Securities Administrators Association (NASAA), and the Financial Industry Regulatory Authority (FINRA) today announced a new resource…

  • Six Charged in Silicon Valley Insider Trading Ring
    on June 15, 2021

    The Securities and Exchange Commission today announced insider trading charges against a Silicon Valley trading ring whose members generated nearly $1.7 million in illegal profits and losses avoided by trading on the confidential earnings information of…

  • SEC Charges Issuer With Cybersecurity Disclosure Controls Failures
    on June 15, 2021

    The Securities and Exchange Commission today announced settled charges against real estate settlement services company First American Financial Corporation for disclosure controls and procedures violations related to a cybersecurity vulnerability that…

  • Renee Jones to Join SEC as Director of Corporation Finance; John Coates Named SEC General Counsel
    on June 14, 2021

    The Securities and Exchange Commission today announced that Renee Jones has been appointed Director of the Division of Corporation Finance. John Coates, the Division’s current Acting Director, has been named SEC General Counsel. Both appointments are…

  • SEC Awards Approximately $3 Million to Two Whistleblowers
    on June 14, 2021

    The Securities and Exchange Commission today announced an aggregate award of approximately $3 million to two whistleblowers whose information and assistance led to a successful SEC enforcement action.  The whistleblowers separately and independently…

  • Moving Forward or Falling Back? Statement on Chair Gensler’s Regulatory Agenda
    on June 14, 2021

    Moving Forward or Falling Back? Statement on Chair Gensler’s Regulatory Agenda, by Commissioner Hester M. Peirce and Commissioner Elad L. Roisman, June 14, 2021

  • SEC Announces Annual Regulatory Agenda
    on June 11, 2021

    The Office of Information and Regulatory Affairs today released the Spring 2021 Unified Agenda of Regulatory and Deregulatory Actions. The report, which includes contributions related to the Securities and Exchange Commission, lists short- and long-term…

  • Prepared Remarks Before the Financial Stability Oversight Council
    on June 11, 2021

    Prepared Remarks of Gary Gensler Chair of the Securities and Exchange Commission Before the Financial Stability Oversight Council June 11, 2021 LIBOR Statement

  • Prepared Remarks Before the Financial Stability Oversight Council
    on June 11, 2021

    Prepared Remarks of Gary Gensler Chair of the Securities and Exchange Commission Before the Financial Stability Oversight Council June 11, 2021 Money Market Funds Statement LIBOR Statement

  • SEC Charges Dentist-Turned-Investment Adviser for Three Separate Frauds
    on June 11, 2021

    The Securities and Exchange Commission today charged Edgar M. Radjabli of Boca Raton, Florida, and two entities he controlled for engaging in three separate securities frauds of escalating size. The SEC’s complaint alleges that Radjabli, formerly a…

  • Funds Trading in Bitcoin Futures – Investor Bulletin
    on June 10, 2021

    The Securities and Exchange Commission’s (SEC’s) Office of Investor Education and Advocacy (OIEA) and the Commodity Futures Trading Commission’s (CFTC’s) Office of Customer Education and Outreach (OCEO) urge investors considering a fund with exposure to the Bitcoin futures market to weigh carefully the potential risks and benefits of the investment. Among other things, investors should understand that Bitcoin, including gaining exposure through the Bitcoin futures market, is a highly speculative investment. As such, investors should consider the volatility of Bitcoin and the Bitcoin futures market, as well as the lack of regulation and potential for fraud or manipulation in the underlying Bitcoin market.

  • Investor Bulletin: How to Open a Brokerage Account
    on June 10, 2021

    The SEC's Office of Investor Education and Advocacy is updating this Investor Bulletin to help you understand what to expect when opening a brokerage account, including what information you will need to provide, what decisions you will be asked to make, and what questions you should ask your broker. Brokerage accounts differ from investment advisory accounts, which generally are governed by different rules and regulations. For information on opening an advisory account, please see our bulletin: Opening an Investment Advisory Account. For additional information on working with broker-dealers and investment advisers, please see Investor.gov’s Working with Brokers and Investment Advisers. Before opening an account with any broker, you should always remember to read the firm’s relationship summary (Form CRS) and check the broker's background and disciplinary history. For guidance in finding a broker's background or disciplinary history, as well as other tips to consider when selecting a broker, please read our bulletin How to Select an Investment Professional.

  • Investor Bulletin: Understanding Margin Accounts
    on June 10, 2021

    The SEC’s Office of Investor Education and Advocacy is issuing this Investor Bulletin to educate investors about the use of margin accounts to buy securities and their related risks.

  • Leveraged Investing Strategies – Know the Risks Before Using These Advanced Investment Tools
    on June 10, 2021

    The SEC’s Office of Investor Education and Advocacy is issuing this Investor Bulletin to help educate investors about the risks of using leveraged investment strategies.

  • Prepared Remarks at the Meeting of SEC Investor Advisory Committee
    on June 10, 2021

    Prepared Remarks of Gary Gensler Chair of the Securities and Exchange Commission Meeting of SEC Investor Advisory Committee June 10, 2021

  • Remarks at Meeting of Investor Advisory Committee
    on June 10, 2021

    Remarks at Meeting of Investor Advisory Committee

  • Statement for Investor Advisory Committee Meeting
    on June 10, 2021

    Statement for Investor Advisory Committee Meeting Commissioner Elad L. Roisman June 10, 2021

  • SEC Updates List of Firms Using Inaccurate Information to Solicit Investors
    on June 9, 2021

    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 55 soliciting entities, four (4) impersonators of genuine firms, and…

  • Prepared Remarks at the Global Exchange and FinTech Conference
    on June 9, 2021

    Remarks of Gary Gensler Chair, Securities and Exchange Commission Global Exchange and FinTech Conference June 9, 2021