Regulation
Lure of Record Whistleblower Awards Leads to Frivolous Claims
The SEC bars two from its whistleblower program for filing hundreds of ‘abusive’ award applications.
Tag: SEC
Risk
Trader Is Accused of Speculative Trading That Bankrupted His Employer
Keith Wakefield allegedly lost $30 million from unauthorized risky bond trades, which forced IFS Securities to go out of business.
Former Goldman Compliance Analyst Charged With Insider Trading
The SEC alleges Jose Luis Casero Sanchez ‘abused his position of trust’ by using confidential information to make trades.
Regulation
SEC Wants Funds to Reveal More Proxy Voting Information
The regulator proposes disclosure rule changes regarding ‘say-on-pay’ votes and securities lending.
Wisconsin Adviser Charged With Defrauding Elderly, Ill Clients
The SEC alleges Michael Shillin betrayed more than 100 clients, with ‘devastating’ results
Regulation
SEC Reportedly Subpoenas PSERS Over Alleged Compensation, Gifts
The regulator is also seeking information on a financial misstatement from 2020 that triggered a contribution increase.
Risk
SEC Charges Purported ‘Green’ Mining Company With Fraud
Back to Green Mining and two of its executives are accused of stealing $2.7 million from investors.
Alternatives
Gensler Stands Up for the Robinhood Gang
It’s OK for meme investors to collaborate on social media, the SEC boss says. Too bad for short sellers.
Asset Allocation
Former HeadSpin CEO Arrested in Alleged $80 Million Fraud
Manish Lachwani is accused of grossly overstating sales figures when courting investors.
Regulation
SEC Settles With Eight Firms Over Inadequate Cybersecurity Measures
The regulator alleges a lack of safeguards exposed the personal information of thousands of clients.
Regulation
SEC Charges Could Open Pearson to Securities Lawsuits
With the cease-and-desist order, attorneys might take aim at the publisher over alleged misleading statements.
Alternatives
‘Crypto Mom’ Pushes Back Against SEC Over Poloniex Fine
Commissioner Hester Peirce says the regulator needs ‘sensible solutions’ regarding crypto exchanges.
Group Charged With Sophisticated Global Pump-and-Dump Conspiracy
US authorities allege a Canadian-led group made tens of millions of dollars in penny stock scams dating back a decade.
Good SPAC, Bad SPAC: How the Jiffy IPO Method Is Regaining Favor
Ever since the SEC’s spring crackdown, these once-popular investments have wilted. But their excesses are being leached away.
Think Before You Tweet: Charges Against Milton Should Be a Warning
The Nikola founder could face decades in prison for allegedly false, misleading Twitter posts.