Tag: Securities and Exchange Commission (SEC)

Securities and Exchange Commission proposes Transaction Fee Pilot for NMS Stocks
August 17, 2017 BY Valentina Kirilova

SEC uncovers wide-reaching insider trading scheme

The Securities and Exchange Commission (SEC) announced insider trading charges against seven individuals who generated millions in profits by trading on confidential information about dozens of impending mergers and acquisitions. Data analysis allowed the SEC’s enforcement staff to uncover the illicit trading despite the traders’ alleged use of shell companies, code words, and an encrypted,…

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Securities and Exchange Commission proposes Transaction Fee Pilot for NMS Stocks
August 14, 2017 BY Valentina Kirilova

SEC files charges in oil drilling investment scheme

The Securities and Exchange Commission (SEC) charged two Tennessee men and an accomplice in Fort Lauderdale with allegedly defrauding investors they lured by false promises of high returns from an oil drilling investment opportunity. According to the SEC’s complaint filed in federal court in Savannah, Georgia, David R. Greenlee and David A. Stewart Jr. orchestrated…

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Securities and Exchange Commission proposes Transaction Fee Pilot for NMS Stocks
August 04, 2017 BY Valentina Kirilova

Investment Management Director David W. Grim to leave SEC

The Securities and Exchange Commission (SEC) announced that David W. Grim, Director of the Division of Investment Management, will leave the agency next month after more than 20 years of public service. Mr. Grim, who joined the Division directly from law school and rose to become its leader, has left a legacy of regulatory policy…

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Securities and Exchange Commission proposes Transaction Fee Pilot for NMS Stocks
August 03, 2017 BY Valentina Kirilova

Overseas stock manipulator settles SEC charges

The Securities and Exchange Commission (SEC) today announced that an overseas stock manipulator has agreed to pay nearly $800,000 and be permanently barred from involvement in penny stocks after hiding his significant stake in a small oil & gas company while secretly funding a fraudulent promotional campaign that artificially boosted the company’s stock price before…

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Securities and Exchange Commission proposes Transaction Fee Pilot for NMS Stocks
July 28, 2017 BY Valentina Kirilova

Halliburton paying $29.2 million to settle FCPA violations

The Securities and Exchange Commission (SEC) charged Halliburton Company with violating the books and records and internal accounting controls provisions of the Foreign Corrupt Practices Act (FCPA) while selecting and making payments to a local company in Angola in the course of winning lucrative oilfield services contracts. Halliburton, which profited by approximately $14 million from…

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ASIC applauds the enactment of stronger whistleblowing laws
July 26, 2017 BY Valentina Kirilova

SEC announces $2.5 million whistleblower award

The Securities and Exchange Commission (SEC) has announced an award of nearly $2.5 million to an employee of a domestic government agency whose whistleblower tip helped launch an SEC investigation and whose continued assistance enabled the SEC to address a company's misconduct. 'Whistleblowers can provide a wealth of information and ongoing assistance that helps our…

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Securities and Exchange Commission proposes Transaction Fee Pilot for NMS Stocks
July 25, 2017 BY Valentina Kirilova

SEC names Bryan Wood as Director of the Office of Legislative and Intergovernmental Affairs

The Securities and Exchange Commission (SEC) has announced that Bryan Wood has been named Director of the agency's Office of Legislative and Intergovernmental Affairs. Mr. Wood will advise the Chairman, Commissioners, and SEC staff on legislative matters, provide technical assistance on securities-related legislation to congressional committees and staff, assist in preparing SEC testimony for congressional…

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Securities and Exchange Commission proposes Transaction Fee Pilot for NMS Stocks
July 24, 2017 BY Valentina Kirilova

Federal regulatory agencies announce coordination of reviews for foreign funds under Volcker Rule

Five federal financial regulatory agencies have announced that they are coordinating their respective reviews of the treatment of certain foreign funds under section 619 of the Dodd-Frank Act, commonly known as the Volcker Rule, and the agencies' implementing regulations, the Securities and Exchange Commission (SEC) shared. These foreign funds are investment funds organized and offered…

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sec whistleblower award
July 21, 2017 BY Valentina Kirilova

JPMorgan whistleblowers share a record $61 million award

The Securities and Exchange Commission (SEC) has announced that is giving away a record $61 million award to two whistleblowers for helping make the case that JPMorgan Chase & Co. (NYSE:JPM) failed to disclose to wealthy clients that it was steering them into investments that would be most profitable for the bank, Bloomberg shared yesterday. The…

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