Tag: Securities and Exchange Commission

Securities and Exchange Commission proposes Transaction Fee Pilot for NMS Stocks
June 09, 2017 BY Valentina Kirilova

SEC names Stephanie Avakian and Steven Peikin as Co-Directors of Enforcement

The Securities and Exchange Commission (SEC) announced that Acting Director of the Division of Enforcement Stephanie Avakian and former federal prosecutor Steven Peikin have been named Co-Directors of the Division of Enforcement. The Division of Enforcement is the agency's largest unit with more than 1,200 investigators, accountants, trial attorneys, and other professionals. There is no…

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Securities and Exchange Commission proposes Transaction Fee Pilot for NMS Stocks
May 26, 2017 BY Valentina Kirilova

SEC names Peter Uhlmann Managing Executive in Chairman's Office

The Securities and Exchange Commission (SEC) announced that Peter Uhlmann has been named the managing executive in the Office of Chairman Jay Clayton. Mr. Uhlmann will advise Chairman Clayton in matters relating to agency administration, operations, and management, and will serve as the Chairman's primary liaison to divisions and offices on these matters. I am pleased…

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

SEC files charges in trading scheme involving confidential government information

The Securities and Exchange Commission (SEC) announced charges in an alleged insider trading scheme involving tips of nonpublic information about government plans to cut Medicare reimbursement rates, which affected the stock prices of certain publicly traded medical providers or suppliers. The SEC’s complaint alleges that David Blaszczak, a former government employee turned political intelligence consultant,…

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UN report says North Korea laundered $2 billion theft via Hong Kong firm
May 22, 2017 BY Valentina Kirilova

SEC charges fake filer with manipulating Fitbit stock

The Securities and Exchange Commission (SEC) filed fraud charges against a Virginia-based mechanical engineer accused of scheming to manipulate the price of Fitbit stock by making a phony regulatory filing. According to the SEC’s complaint, Robert W. Murray purchased Fitbit call options just minutes before a fake tender offer that he orchestrated was filed on…

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Securities and Exchange Commission proposes Transaction Fee Pilot for NMS Stocks
May 16, 2017 BY Valentina Kirilova

SEC names Robert B. Stebbins as General Counsel

The Securities and Exchange Commission (SEC) announced that Robert B. Stebbins has been named General Counsel of the agency. The General Counsel is the chief legal officer of the agency, providing a variety of legal services to the Commission and staff. Bob is an exceptional attorney and counselor, and I know his depth of knowledge…

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UN report says North Korea laundered $2 billion theft via Hong Kong firm
May 16, 2017 BY Valentina Kirilova

Former head traders at Nomura Securities charged with fraud

The Securities and Exchange Commission (SEC) charged a pair of former head traders who ran the commercial mortgage-backed securities (CMBS) desk at Nomura Securities International Inc. (ADR) (NYSE:NMR) with deliberately lying to customers in order to inflate the profits of the CMBS desk and line their own pockets as a result. Just last month SEC…

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Securities and Exchange Commission proposes Transaction Fee Pilot for NMS Stocks
May 12, 2017 BY Valentina Kirilova

SEC charges law firm partner in $1 million insider trading scheme

The Securities and Exchange Commission (SEC) charged a former partner at an international law firm and his neighbor with making more than $1 million in illicit profits by insider trading around corporate announcements. The SEC alleges that Walter C. Little accessed confidential documents on his law firm’s internal computer network related to at least 11…

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May 11, 2017 BY Valentina Kirilova

Barclays to pay $97 million for overcharging clients

The Securities and Exchange Commission (SEC) announced an enforcement action requiring Barclays Capital to refund advisory fees or mutual fund sales charges to clients who were overcharged. In a settlement of more than $97 million, Barclays agreed to settle three sets of violations that resulted in clients being overbilled by nearly $50 million. The SEC’s…

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UN report says North Korea laundered $2 billion theft via Hong Kong firm
May 10, 2017 BY Valentina Kirilova

SEC charges former staffer with securities fraud violations

The Securities and Exchange Commission (SEC) charged a former employee with securities fraud in connection with his trading of options and other securities. The SEC’s complaint alleges that David R. Humphrey, who worked at the SEC from 1998 to 2014, concealed his personal trading from the SEC’s ethics office and later misrepresented his trading activities…

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