Industry News
News items posted here are direct RSS feeds from related industry releases. These items are not published or created by NAFER.
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Deputy Chief Accountant Marc Panucci to Leave SEC
on August 12, 2020
The Securities and Exchange Commission today announced that Marc Panucci, Deputy Chief Accountant, plans to leave the agency later this month. Since he was appointed Deputy Chief Accountant in 2016, Mr. Panucci has managed and led the activities of the…
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Sebastian Gomez Abero Named Deputy Director of SEC's Small Business Advocacy Office
on August 11, 2020
The Securities and Exchange Commission today announced that Sebastian Gomez Abero has been named Deputy Director of the SEC's Office of the Advocate for Small Business Capital Formation (OASB). In his new role, he will oversee strategic initiatives…
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Statement on SEC Response to the Report of the President’s Working Group on Financial Markets
on August 10, 2020
Statement on SEC Response to the Report of the President’s Working Group on Financial Markets; Public Comments May be Submitted to the Emerging Markets Roundtable Comment Page. by Jay Clayton, Chairman; Dalia Blass, Director of the Division of Investment Management; Raquel Fox, Director of the Office of International Affairs; William Hinman, Director of the Division of Corporation Finance; Brett Redfearn, Director of the Division of Trading and Markets; Sagar Teotia, Chief Accountant
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SEC Charges Interactive Brokers With Repeatedly Failing to File Suspicious Activity Reports
on August 10, 2020
The Securities and Exchange Commission today announced that Interactive Brokers LLC will pay an $11.5 million penalty to settle charges it repeatedly failed to file Suspicious Activity Reports (SARs) for U.S. microcap securities trades it executed on…
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Statement on Senate Confirmations of Hester M. Peirce and Caroline A. Crenshaw
on August 6, 2020
Statement on Senate Confirmation of Hester M. Peirce and Caroline A. Crenshaw Chairman Jay Clayton and Commissioners Elad L. Roisman and Allison Herren Lee. August 6, 2020
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SEC Charges Consumer Loan Company With FCPA Violations
on August 6, 2020
The Securities and Exchange Commission today announced that World Acceptance Corporation, a South Carolina-based consumer loan company, has agreed to pay $21.7 million to resolve charges that it violated the Foreign Corrupt Practices Act (FCPA). …
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Lindsay McCord Named Chief Accountant in Division of Corporation Finance
on August 5, 2020
The Securities and Exchange Commission today announced that Lindsay McCord has been named Chief Accountant in the Division of Corporation Finance. Ms. McCord has served as Acting Chief Accountant in the Division since March 2020, leading its work to…
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SEC Charges Affiliated Advisers for Misrepresentations About Payment for Order Flow Arrangements
on August 5, 2020
The Securities and Exchange Commission today filed settled charges against affiliated registered investment advisers WBI Investments Inc. and Millington Securities Inc. for making material misrepresentations to clients about compensation Millington…
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Enforcement Co-Director Steven Peikin to Depart
on August 5, 2020
The Securities and Exchange Commission today announced that Division of Enforcement Co-Director Steven Peikin will leave the agency on Aug. 14, 2020. During his more than three years serving alongside Co-Director Stephanie Avakian, Mr. Peikin…
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SEC Provides Transparency to the Process of Nominating Candidates to the Investor Advisory Committee
on August 5, 2020
The Securities and Exchange Commission today published procedures setting forth a staff-led process to nominate candidates for appointment to the Investor Advisory Committee. Candidates for vacancies on the Committee will be identified by a nominating…
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SEC Proposes to Improve the Retail Investor Experience through Modernized Fund Shareholder Reports and Disclosures
on August 5, 2020
The Securities and Exchange Commission today proposed comprehensive modifications to the mutual fund and exchange-traded fund disclosure framework to better serve the needs of retail investors. The proposed disclosure framework would feature concise and…
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Transparency for our Investors and at the Commission
on August 5, 2020
Chairman Jay Clayton Statement at Open Meeting Transparency for our Investors and at the Commission August 5, 2020
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Statement at Open Meeting on Publication of Procedures for Nominating Candidates for Appointment to the Investor Advisory Committee
on August 5, 2020
Statement at Open Meeting on Publication of Procedures for Nominating Candidates for Appointment to the Investor Advisory Committee, by Commissioner Hester M. Peirce, August 5, 2020
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Statement on Publication on the Commission’s Website of Procedures for Nominating Candidates for Appointment to the Investor Advisory Committee
on August 5, 2020
Commissioner Elad L. Roisman Statement on Publication on the Commission’s Website of Procedures for Nominating Candidates for Appointment to the Investor Advisory Committee
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Statement on the Investor Advisory Committee Nominating Process
on August 5, 2020
Statement on the Investor Advisory Committee Nominating Process, Commissioner Allison Herren Lee, August 5, 2020
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Statement on Tailored Shareholder Reports
on August 5, 2020
Opening Statement on Tailored Shareholder Reports, Treatment of Annual Prospectus Updates for Existing Investors, and Improved Fee and Risk Disclosure for Mutual Funds and Exchange-Traded Funds; Fee Information in Investment Company Advertisements under the Investment Company Act of 1940 Proposal
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Statement on Proposal to Improve Information Available to Fund Investors
on August 5, 2020
Commissioner Elad L. Roisman Statement on Proposal to Improve Information Available to Fund Investors
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Statement on Proposed Summary Shareholder Report
on August 5, 2020
Statement on Proposed Summary Shareholder Report Commissioner Allison Herren Lee August 5, 2020
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SEC Announces New Small Business Capital Formation Advisory Committee Members
on August 4, 2020
At today’s meeting of the Small Business Capital Formation Advisory Committee, the Securities and Exchange Commission announced the appointment of two new members to the Committee: Kesha Cash, Founder and General Partner, Impact America Fund Sue…
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Opening Remarks: Small Business Capital Formation Advisory Committee Meeting
on August 4, 2020
Small Business Capital Formation Advisory Committee Meeting Opening Remarks, Chairman Jay Clayton, August 4, 2020