Regulation
Private Equity Firm to Pay $20.5M to Settle SEC Charges of Inadequate Fee Disclosure
Prime Group allegedly did not disclose that $18 million in fund fees went to a firm wholly owned by its CEO.
Tag: Securities and Exchange Commission
Regulation
SEC Adopts Private Fund Adviser Rules Aimed at Increasing Transparency
In dissent, Commissioner Peirce said the new rules will harm investors, while Commissioner Uyeda called them ‘arbitrary and capricious.’
Research
Shareholder Proposals Increase, Yet Few Gain a Majority
Environmental and social resolutions boosted the number of filings this spring, ISS says, while anti-E&S resolutions also shot up.
Regulation
Florida Fund Administrator Settles SEC Charges Over Missing ‘Red Flags’
Theorem Fund Services allegedly misappropriated and misused investors’ funds.
Regulation
SEC Cybersecurity Rules Require Major Compliance Efforts
Experts say regulations adopted last month will not be easy to meet without added resources and focus.
Regulation
Bill to Protect Older Investors Against Scams Passes House
The proposed legislation would create a senior investor task force within the SEC.
Risk
Essential Prevention: Cybersecurity Has Never Been More Important
Allocators, money managers and regulators are realizing cybersecurity processes need continual updating.
Risk
SEC Charges Investment Firm for Fraudulent Coin Scam
Red Rock Secured allegedly tricked victims into selling off 401(k) assets to invest in coins at an exorbitant markup.
Regulation
House Republicans Seek to Block Funding for SEC Regulatory Agenda
House Financial Services Committee Chairman Patrick McHenry requested that five SEC rule proposals and planned hires not be funded in appropriations process.
Newsmakers
Founder, Former CIO of Infinity Q Sentenced to 15 Years
Ohio and Texas pension funds were among investors who lost millions as a result of James Velissaris’ fraud.
Newsmakers
Investors’ Use of Climate and Greenhouse Gas Information Is Growing, SEC Chair Says
Gensler defended the SEC’s climate disclosure rules at a CII conference.
Regulation
SEC Adopts T+1 Settlement Cycle
In addition to shortening the settlement cycle, the rules will improve the processing of institutional trades, regulator says.
Newsmakers
Bloomberg Settles SEC Charges of Misleading Pricing Disclosures
Firm pays $5 million fine related to its BVAL service’s fixed-income pricing.
Newsmakers
S&P Global Settles SEC Conflict of Interest Charges
Ratings agency agrees to $2.5 million fine over charges its sales and marketing team influenced analytics.
Newsmakers
SEC Rakes in Record $6.44 Billion in Penalties, Disgorgement in Fiscal 2022
Whistleblower program doles out $229 million.