Tag: SEC

Securities and Exchange Commission proposes Transaction Fee Pilot for NMS Stocks
December 15, 2017 BY Valentina Kirilova

SEC names Kenneth A. Johnson as Chief Operating Officer

The Securities and Exchange Commission (SEC) announced that Kenneth A. Johnson has been named the agency's Chief Operating Officer (COO). Mr. Johnson has served as Acting COO since February 2017. In his role as COO, Mr. Johnson oversees the SEC's operational and administrative functions, including the agency's Office of Human Resources; Office of Acquisitions; Office…

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UN report says North Korea laundered $2 billion theft via Hong Kong firm
December 08, 2017 BY Valentina Kirilova

SEC charges broker with defrauding investors

The Securities and Exchange Commission (SEC) informed that it has charged a registered representative in Pennsylvania with operating a long-running offering and investment advisory fraud. The SEC’s complaint, filed in federal court in Philadelphia, alleges that Paul W. Smith raised approximately $2.35 million from approximately 30 investors – many of whom were his brokerage customers…

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BIS announces key appointments in Singapore and Switzerland
December 08, 2017 BY Valentina Kirilova

Daniel Michael named Chief of SEC Enforcement Division’s Complex Financial Instruments Unit

The Securities and Exchange Commission (SEC) announced that Daniel Michael has been named chief of the Enforcement Division’s Complex Financial Instruments Unit. In his new role, Mr. Michael will lead a specialized unit of attorneys and industry experts who are located in offices across the country and investigate potential misconduct related to complex financial products…

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Securities and Exchange Commission proposes Transaction Fee Pilot for NMS Stocks
December 05, 2017 BY Valentina Kirilova

SEC charges audit firm with fraud relating to auditing of penny stock companies

A California-based audit firm is being charged with conducting flawed audits and reviews of financial statements, which are critical sources of information for investors, SEC announced earlier today. The SEC’s Enforcement Division alleges that Anton & Chia LLP and its accountants ignored numerous indications of fraudulent financial reporting by three of the firm’s audit clients…

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sec building
December 05, 2017 BY Valentina Kirilova

Digital display advertising firm executives charged with bilking investors

The Securities and Exchange Commission (SEC) informed that it has today charged a Seattle-area outdoor digital signage advertising company and two of its senior executives with stealing more than $2 million from retail investors. According to the SEC’s complaint filed in U.S. District Court in Seattle, Digi Outdoor Media Inc.’s former chief executive officer, Donald…

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December 04, 2017 BY Valentina Kirilova

SEC emergency action halts ICO scam

The Securities and Exchange Commission (SEC) announced it obtained an emergency asset freeze to halt a fast-moving Initial Coin Offering (ICO) fraud that raised up to $15 million from thousands of investors since August by falsely promising a 13-fold profit in less than a month. The SEC filed charges against a recidivist Quebec securities law…

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Board of Directors
November 10, 2017 BY Valentina Kirilova

SEC announces first members of Fixed Income Market Structure Advisory Committee

The Securities and Exchange Commission (SEC) announced the formation and first members of its Fixed Income Market Structure Advisory Committee. The committee, whose initial focus will be on the corporate bond and municipal securities markets, will provide advice to the Commission on the efficiency and resiliency of these markets and identify opportunities for regulatory improvements.…

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Securities and Exchange Commission proposes Transaction Fee Pilot for NMS Stocks
November 02, 2017 BY Valentina Kirilova

David Glockner, Regional Director of Chicago Office, to leave SEC

The Securities and Exchange Commission (SEC) announced that David Glockner, Director of the Chicago Regional Office, is planning to leave the agency later this month. Since late 2013, Mr. Glockner has led a staff of approximately 270 enforcement attorneys, accountants, investigators, and compliance examiners involved in the investigation and prosecution of enforcement actions and the…

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DFSA
November 02, 2017 BY Valentina Kirilova

Petroleum engineer settles charges of insider trading ahead of oil discovery announcement

A petroleum engineer who worked at Texas-based energy company Apache Corporation has agreed to settle the U.S. Securities and Exchange Commission (SEC) charges that he conducted insider trading ahead of a market-moving announcement about the company’s discovery of a significant new oil source. The SEC alleges that Christopher J. Lollar traded on nonpublic information while…

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