Regulation
Aon Agrees to $1.5M Settlement With SEC Over Pennsylvania Pension Data
The penalty is related to misleading statements the adviser made to the Pennsylvania Public School Employees’ Retirement System.
Tag: SEC
JP Morgan Settles SEC Charges It Violated Whistleblower Protection Rule
The banking giant’s subsidiary agreed to be censured and pay an $18 million penalty.
Regulation
Agricultural Interests Voice Opposition to SEC Climate Disclosure Proposal
The agricultural industry has long been among the chief opponents of climate disclosure, particularly scope 3 disclosure.
SEC, DOJ Charge Dozy Mmobuosi in ‘Massive’ Fraud
The Nigerian businessman with claimed assets of more than $7 billion was widely reported to have been close to buying English soccer club Sheffield United.
Regulation
SEC Stock Buyback Disclosure Rule Vacated by Appeals Court
The rule would have required much more information on buybacks to be disclosed to investors.
Regulation
SEC Accredited Investor Report Emphasizes Lack of Sophistication, Retirement Assets
The study of the accredited investor definition highlighted the lack of emphasis on sophistication and the growing number of qualified households.
Regulation
SEC Finalizes Treasury Clearing Rule
The rule requires most secondary transactions to be centrally cleared by June 2026.
Regulation
Supreme Court Hears Case That Could Invalidate Administrative Courts
The ruling, expected in June 2024, could have a wide-ranging impact.
Regulation
Asset Management Advisory Firm President Charged by SEC in Massive Fraud
John Hughes bilked dozens of victims of nearly $300 million in a ‘brazen and sophisticated fraud’ and has already pleaded guilty to criminal charges.
Regulation
FINRA Proposes Allowing Projected Performance in Marketing to Institutional Investors
The regulating body breaks with its previous skepticism of projected performance, but only for qualified purchasers and institutional investors.
Regulation
Federal Court Enters Judgment Against Former Hedge Fund Trader
Premium Point had inflated the value of private funds it advised by hundreds of millions of dollars to hide poor performance.
Regulation
Speaker Mike Johnson Unlikely to Deviate From Republican Regulatory Agenda
The Louisiana congressman has had almost no contact with the financial industry in terms of legislative activity.
Regulation
Gensler Says No New Regulations Needed for Crypto
The enforcement actions taken by the SEC against cryptocurrency actors are justified under existing law, the SEC chairman said at a conference.
Regulation
BlackRock to Pay $2.5M SEC Fine for Charges of Inaccurate Disclosure
The SEC charged the asset manager with describing a marketing firm as a financial services firm.
Regulation
DC Circuit Court Orders SEC to Reconsider Bitcoin ETF
The court ruled in August that the SEC had unfairly blocked the Grayscale bitcoin ETF, given the SEC had already approved two bitcoin futures ETPs.