Firm settles charges for selling unregistered swaps involving pre-IPO companies LeapRate

December 07, 2016 BY Valentina Kirilova

Firm settles charges for selling unregistered swaps involving pre-IPO companies

The Securities and Exchange Commission (SEC) announced that a San Francisco-based firm agreed to settle charges that it violated federal securities laws by failing to register security-based swaps that were offered and sold online to shareholders in pre-IPO companies. The SEC instituted an order finding that Equidate Inc. sought to provide liquidity for employees of…

ASIC applauds the enactment of stronger whistleblowing laws

December 05, 2016 BY LeapRate Staff

SEC pays out another multi-million dollar whistleblower award at $3.5M

The U.S. Securities and Exchange Commission (SEC) today announced that a whistleblower has been awarded approximately $3.5 million for coming forward with information that led to an SEC enforcement action. Jane Norberg, Chief of the SEC’s Office of the Whistleblower, said: Whistleblowers do a tremendous service to the investing public and we will continue to…

December 05, 2016 BY Valentina Kirilova

Chief Economist and Division of Economic and Risk Analysis Director Mark Flannery to leave SEC

The Securities and Exchange Commission (SEC) announced that Chief Economist and Division of Economic and Risk Analysis (DERA) Director Mark J. Flannery will leave the agency by the end of the month. He will return to his position as a finance professor at the University of Florida’s Graduate School of Business Administration. Dr. Flannery has…

December 02, 2016 BY Valentina Kirilova

SEC charges Onix Capital LLC and Manager

The Securities and Exchange Commission (SEC) announced fraud charges and an asset freeze against Miami Beach-based asset management company Onix Capital LLC and owner Alberto Chang-Rajii, a Chilean national who fled the U.S. earlier this year. The SEC alleges that Chang and Onix Capital defrauded investors in promissory notes that “guaranteed” annual returns of 12% to…

November 29, 2016 BY Valentina Kirilova

SEC votes to renew Equity Market Structure Advisory Committee

The Securities and Exchange Commission (SEC) has announced that the Commission voted to renew the Equity Market Structure Advisory Committee’s charter until August 2017 with the current membership. The committee’s charter was originally scheduled to expire in February 2017. The committee provides a formal mechanism through which the Commission can receive advice and recommendations specifically…

November 23, 2016 BY Valentina Kirilova

Wesley R. Bricker succeeds James Schnurr as SEC Chief Accountant

The Securities and Exchange Commission (SEC) has announced that Wesley R. Bricker will become the Chief Accountant and succeeds James Schnurr who plans to retire from the agency. Mr. Bricker has served as Deputy Chief Accountant for the accounting group since 2015 and Interim Chief Accountant since July 2016. As Chief Accountant, Mr. Bricker will…

November 22, 2016 BY Valentina Kirilova

Trading and Markets Director Stephen Luparello leaves SEC

The Securities and Exchange Commission (SEC) has announced that Stephen Luparello, Director of the Division of Trading and Markets, will leave the agency by the first of the year. He was named director of the office in February 2014. Mr. Luparello has played a key role in enhancing the transparency and strengthening the integrity of…

November 22, 2016 BY Valentina Kirilova

Chief Litigation Counsel Matthew C. Solomon to leave SEC

The Securities and Exchange Commission (SEC) has announced that Matthew C. Solomon, the Chief Litigation Counsel for the SEC’s Enforcement Division, will leave the agency early next month. Mr. Solomon has led the Enforcement Division’s litigation program since September 2013, managing cases pending both in federal courts and administrative proceedings at the Commission. The trial…

November 18, 2016 BY Valentina Kirilova

SEC charges Renewable Energy company, CEO, and others with defrauding investors

The Securities and Exchange Commission (SEC) has filed fraud charges against four individuals and others who allegedly profited by defrauding investors in a cash-strapped California-based renewable energy company. Patrick Carter, the founder and CEO of 808 Renewable Energy Corp. was charged along with the company, chief operating officer Peter Kirkbride, sales representatives Martin Kinchloe and…

November 16, 2016 BY Valentina Kirilova

SEC to create Consolidated Audit Trail

The Securities and Exchange Commission has voted to approve a national market system (NMS) plan to create a single, comprehensive database known as the consolidated audit trail (CAT) that will enable regulators to more efficiently and thoroughly track all trading activity in the U.S. equity and options markets. With the approval and ultimate implementation of…

Tag: SEC