Month: August 2022

SEC 2024 Broker-Dealer Examination Priorities
News

SEC Charges Advisory Firm with an Elaborate Scheme to Defraud Clients out of More Than $75 Million

Aug. 30, 2022 — The Securities and Exchange Commission today charged two North Carolina-based executives, Gregory E. Lindberg and Christopher Herwig, and their Malta-based registered investment adviser, Standard Advisory Services Limited, for defrauding clients out of more than $75 million through undisclosed transactions that benefited themselves and their companies. According […]

SEC 2024 Broker-Dealer Examination Priorities
News

SEC Adopts Pay Versus Performance Disclosure Rules

Aug. 25, 2022 — The Securities and Exchange Commission today adopted amendments to its rules to require registrants to disclose information reflecting the relationship between executive compensation actually paid by a registrant and the registrant’s financial performance. The rules implement a requirement mandated by the Dodd-Frank Act. The Commission proposed […]

Whistleblower tip
News

SEC Amends Whistleblower Rules to Incentivize Whistleblower Tips

Aug. 26, 2022 —The Securities and Exchange Commission today adopted two amendments to the rules governing its whistleblower program. The first rule change allows the Commission to pay whistleblowers for their information and assistance in connection with non-SEC actions in additional circumstances. The second rule affirms the Commission’s authority to […]

News

SEC Issues First Fee Rate Advisory for Fiscal Year 2023

The Securities and Exchange Commission announced that the fees that public companies and other issuers pay to register their securities with the Commission will increase from $92.70 per million dollars to $110.20 per million dollars, effective Oct. 1.… Read the Full Press Release Have a securities law question? Call New […]

Whistleblower tip
Whistleblower

SEC Awards More Than $16 Million to Two Whistleblowers

Aug. 9, 2022 — The Securities and Exchange Commission today announced awards of more than $16 million to two whistleblowers who provided information and assistance in a successful SEC enforcement action. The first whistleblower prompted the opening of the investigation and provided information on difficult-to-detect violations. This whistleblower also identified […]