Real Estate Advisory Firm, Execs Pay over $60 Million to Settle SEC Charges
SEC alleges firm wrongfully inflated incentive fees for two mergers.
Tag: SEC
Facebook to Pay $5.1 Billion to FTC, SEC over Privacy, Data Violations
Regulators accuse social media giant of deceiving users and investors.
Newsmakers
Sonoco Terminates US Defined Benefit Pension Plan
Firm contributed $190 million to plan to boost funded level to 97%.
The SEC Wants to Lower Futures Minimum Margin Requirements
Proposition could have a substantial impact on the futures market.
Lawmakers Introduce Bill to Boost Diversity at Asset Management Firms
Minority- and women-owned firms manage only 1.1% of $71.4 trillion in assets.
Despite $89 Million Fine, State Street Nets Cool $81 Million from Alleged Overcharges
SEC’s disgorgement abilities increasingly hampered by 2017 Supreme Court Ruling.
KPMG to Pay $50 Million for Using Stolen Data, Exam Cheating
SEC calls breadth and seriousness of the misconduct ‘astonishing.’
Chinese Bank to Pay over $42 Million for Improper ADR Handling
Investigation into ADR practices has so far netted SEC more than $414 million.
SEC Charges Student with Running Ponzi Scheme Out of Frat House
Syed Arham Arbab allegedly promised ‘fictitious’ annual returns of up to 56%.
Regulation
Kik Sued by SEC for Conducting $100 Million Unregistered ICO
Regulator says firm prevented investors from making informed decisions.
SEC Sues Alleged Head of Cryptocurrency Pyramid Scheme
Daniel Pacheco is accused of bilking investors out of $26.5 million.
SEC Halts Alleged Diamond-Related ICO Ponzi Scheme
Regulator charges cryptocurrency firms with securities fraud.
SEC Settles Charges Against Blockchain Investor
Canada’s NextBlock allegedly misled investors as to who was advising the company.
The SEC’s Newest Proposals Would Make Private Equity a Bit Easier on the Eyes
New rules would make the PE arena a lot more navigable, welcoming, and lucrative.
Regulation
SEC Charges Incarcerated Man for Reviving Broadway Ticket Scam
Joseph Meli was charged with a crime he is already serving time for in prison.