Voya Holdings Inc. advisers to repay clients $3.6 million LeapRate

March 09, 2018 BY Valentina Kirilova

Voya Holdings Inc. advisers to repay clients $3.6 million

The Securities and Exchange Commission (SEC) has announced that it has charged two investment adviser subsidiaries of Voya Holdings Inc. with failing to disclose conflicts of interest and making misleading disclosures in connection with their practice of recalling securities on loan so their affiliates could receive tax benefits. The advisers agreed to pay approximately $3.6…

February 23, 2018 BY Mariela Naydenova

Bank of America shows signs of "weakness" when it comes to cryptocurrencies

On the 22nd of February, 2018, Bank of America, in its annual report to the SEC, expressed its concerns over cryptocurrencies and its inability to "outcompete" the new fintech wave. BoA has cited the area of cryptocurrencies as a huge possible expenditure for the business of the bank and its eventual inability to stay on…

February 14, 2018 BY Valentina Kirilova

Associate Director in the Office of International Affairs Alberto Arevalo retires from SEC

The Securities and Exchange Commission (SEC) announced that Alberto Arevalo, an associate director in the Office of International Affairs, will retire later this month after 28 years of public service. Mr. Arevalo joined the SEC in 2004 and has been an associate director since 2014, with responsibility for international enforcement and supervisory cooperation, and technical…

February 05, 2018 BY Valentina Kirilova

SEC halts ongoing fraud by purported hedge fund manager

The Securities and Exchange Commission (SEC) informed that it has charged a purported hedge fund manager in New York City with a brazen offering and investment adviser fraud thereby putting an end to an ongoing scheme. The SEC alleges that, since at least 2014, Nicholas Joseph Genovese and his hedge fund Willow Creek Investments LP…

The world’s largest crypto IPO postponed

January 31, 2018 BY Valentina Kirilova

SEC halts alleged Initial Coin Offering scam

The Securities and Exchange Commission (SEC) informed that it has obtained a court order halting an allegedly fraudulent initial coin offering (ICO) that targeted retail investors to fund what it claimed to be the world’s first “decentralized bank.” According to the SEC’s complaint, filed in federal district court in Dallas on Jan. 25 and unsealed…

January 26, 2018 BY Valentina Kirilova

SEC invites regulated entities to submit self-assessments of diversity policies and practices

The Securities and Exchange Commission (SEC) Office of Minority and Women Inclusion (OMWI) today introduced its Diversity Assessment Report for Entities Regulated by the SEC. OMWI created the Diversity Assessment Report to complement the Interagency Policy Statement Establishing Joint Standards for Assessing the Diversity Policies and Practices of Entities Regulated by the Agencies (Joint Standards)…

January 23, 2018 BY Mariela Naydenova

The SEC is now chasing overnight blockchain "heroes"

The Chairman of the U.S. Securities and Exchange Commission (SEC), Jay Clayton, came with a statement that the SEC is now investigating companies that benefited from the crypto hype by becoming "blockchain" ones overnight. It wasn't long ago when certain US companies experienced a strong stock price increase by just adding the word "blockchain" to its…

Securities and Exchange Commission proposes Transaction Fee Pilot for NMS Stocks

January 11, 2018 BY Valentina Kirilova

SEC names Richard Best as Regional Director of Atlanta office

The Securities and Exchange Commission (SEC) has named Richard R. Best as Regional Director of its Atlanta office. Mr. Best will succeed Walter Jospin, who is leaving the agency at the end of this month. For the past two-and-a-half years, Mr. Best has served as Director of the SEC’s Salt Lake office, where he supervises…

Woodbridge Group of Companies LLC and former owner Robert H. Shapiro fined $1 billion

December 21, 2017 BY LeapRate Staff

Robert H. Shapiro and Woodbridge Group charged in $1.2 billion Ponzi scheme

The U.S. Securities and Exchange Commission (SEC) has announced charges and an asset freeze against a group of unregistered funds and their owner who allegedly bilked thousands of retail investors, many of them seniors, in a $1.2 billion Ponzi scheme. SEC investigators filed this action to prevent further dissipation of investor assets after obtaining court orders in September and November in subpoena enforcement actions that forced…

December 20, 2017 BY Valentina Kirilova

Marc P. Berger named Director of SEC New York Regional Office

The Securities and Exchange Commission (SEC) announced that Marc P. Berger has been named Director of the New York Regional Office. He will join the agency in January 2018. Mr. Berger is presently global co-head of Ropes & Gray LLP’s Securities and Futures Enforcement Practice. Before joining Ropes & Gray, Mr. Berger spent 12 years…

Tag: SEC

Voya Holdings Inc. advisers to repay clients $3.6 million

Bank of America shows signs of "weakness" when it comes to cryptocurrencies

Associate Director in the Office of International Affairs Alberto Arevalo retires from SEC

SEC halts ongoing fraud by purported hedge fund manager

SEC halts alleged Initial Coin Offering scam

SEC invites regulated entities to submit self-assessments of diversity policies and practices

The SEC is now chasing overnight blockchain "heroes"

SEC names Richard Best as Regional Director of Atlanta office

Robert H. Shapiro and Woodbridge Group charged in $1.2 billion Ponzi scheme

Marc P. Berger named Director of SEC New York Regional Office

Alphabet Pays The First Dividend In Its History

Gold Price Holds Steady While US GDP Shakes Up Dollar

Stellantis Says Limiting Petrol Car Sales Will Hurt UK Economy

Biogen Reaps Profits On The Back Of Cost Cuts

Ford Beats Q1 Estimates