Industry News

Staff Statement on the Proposed Expert Market Division of Trading and Markets Staff August 2, 2021

Statement of Chairman Gary Gensler on August 2, 2021 in Connection with the SEC’s Whistleblower Program

Joint Statement on the Departure of Pete Driscoll Chair Gary Gensler Commissioner Hester M. Peirce Commissioner Elad L. Roisman Commissioner Allison Herren Lee Commissioner Caroline A. Crenshaw August 2, 2021

The Securities and Exchange Commission today charged accounting firm Ernst & Young LLP (EY), one of its partners, and two of its former partners with improper professional conduct for violating auditor independence rules in connection with EY's…

The Securities and Exchange Commission today announced awards of more than $4 million to four whistleblowers who provided information and assistance in two separate enforcement proceedings. In the first order, the SEC awarded more than $2 million to a…

Statement on FINRA Rule Regarding High-Risk Firms Commissioner Allison Herren Lee and Commissioner Caroline A. Crenshaw July 30, 2021

Prepared Remarks of Gary Gensler Chair, Securities and Exchange Commission National Whistleblower Day celebration July 30, 2021

The Securities and Exchange Commission today announced securities fraud charges against recidivist Michael Shustek, the CEO of several Las Vegas real estate investment trusts (REITs), and his wholly owned investment advisory firm, Vestin Mortgage LLC.…

SEC Chair Gary Gensler Statement on Investor Protection Related to Recent Developments in China July 30, 2021

The Securities and Exchange Commission today announced charges against Trevor R. Milton, the founder, former CEO and former executive chairman of Nikola Corporation, for repeatedly disseminating false and misleading information – typically by speaking…

The Securities and Exchange Commission today charged Joshua L. Rupp of Michigan for engaging in securities fraud and for acting as an unregistered broker-dealer.  The SEC’s complaint, filed in the U.S. District Court for the Western District of…

Prepared Remarks of Gary Gensler Chair, Securities and Exchange Commission Before the Principles for Responsible Investment “Climate and Global Financial Markets” Webinar July 28, 2021

The Securities and Exchange Commission today announced that 21 investment advisers and 6 broker-dealers have agreed to settle charges that they failed to timely file and deliver their client or customer relationship summaries – known as Form CRS – to…

The Securities and Exchange Commission today announced the approval of a substituted compliance determination order with respect to security-based swap dealers and major security-based swap participants (SBS Entities) subject to regulation in the French…

The Securities and Exchange Commission today announced the appointment of YJ Fischer as Director of the Office of International Affairs (OIA), effective Aug. 2. Ms. Fischer previously served in various roles at the U.S. State Department during the…

The Securities and Exchange Commission today announced an emergency action including a temporary restraining order and asset freeze to stop an alleged fraudulent offering of securities and misappropriation of investor assets by Outdoor Capital Partners…

The Securities and Exchange Commission today announced that it has filed an emergency action charging California resident Charlie Abujudeh with running microcap fraud schemes targeting retail investors. According to the SEC’s complaint filed today in U.…

Prosperity’s Door, The FINRA Certified Regulatory and Compliance Professional Program, Georgetown University, speech by Commissioner Hester M. Peirce, July 21, 2021

The Securities and Exchange Commission today announced an award of nearly $3 million to a whistleblower whose information and assistance led to a successful SEC enforcement action. “The whistleblower alerted the SEC to previously unknown conduct…