Blockchain Firm to Pay SEC $24 Million for Unregistered ICO
US investors participated in ICO in which had not been approved by the regulator.
Tag: SEC
SEC Charges Three in Alleged $125 Million Fraud
Managers allegedly lied to investors, used funds to support ‘luxurious lifestyle.’
Regulation
SEC Finalizes ‘Test-The-Waters’ Policy Expansion, Allowing Companies to Solicit Investor Interest Before IPOs
New rule removes Obama-era revenue cap of <$1 billion for companies to solicit investor feedback before going public.
L.A. Firm, Founder Charged in $19 Million Illegal Securities Offering
SEC alleges “recidivist founder” Ira Warkol charged 35% commissions.
Regulation
Adviser Charged with Defrauding NFL Players with Brain Injuries
SEC alleges Phillip Howard took advantage of ‘vulnerable investors’ to line his pockets.
SEC Charges ‘Guru’ in Alleged Fraudulent Digital Token Offering
Connected ‘political figure’ who invested $1 million was among the scam’s victims.
SEC Charges Former CFO with Defrauding Thousands of Investors
1 Global Capital’s Alan Heide allegedly knowingly signed off on overvalued statements.
Real Estate Advisory Firm, Execs Pay over $60 Million to Settle SEC Charges
SEC alleges firm wrongfully inflated incentive fees for two mergers.
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.