The Securities and Exchange Commission today announced that Kurt L. Gottschall, the Director of the Denver Regional Office since 2018, is leaving the agency after more than 22 years of service. Jason J. Burt and Thomas M. Piccone will become the office’s… Read the Full Press Release Have a securities […]
Author: Mark Astarita
UBS to Pay $25 Million to Settle SEC Fraud Charges Involving Complex Options Trading Strategy
The Securities and Exchange Commission today announced that UBS Financial Services Inc. has agreed to pay approximately $25 million to settle fraud charges relating to a complex investment strategy referred to as YES, or Yield Enhancement Strategy.… Read the Full Press Release Have a securities law question? Call New York […]
Ernst & Young to Pay $100 Million Penalty for Employees Cheating on CPA Ethics Exams and Misleading Investigation
June 28, 2022 —The Securities and Exchange Commission today charged Ernst & Young LLP (EY) for cheating by its audit professionals on exams required to obtain and maintain Certified Public Accountant (CPA) licenses, and for withholding evidence of this misconduct from the SEC’s Enforcement Division during the Division’s investigation of […]
SEC Adopts Rules to Require Electronic Filing for Investment Advisers and Institutional Investment Managers
June 23, 2022 —The Securities and Exchange Commission today adopted amendments to require certain documents filed by investment advisers, institutional investment managers, and certain other entities to be filed or submitted electronically. The amendments also make technical amendments to modernize Form 13F and enhance the information provided. The amendments are […]
SEC Announces Spring 2022 Regulatory Agenda
The Office of Information and Regulatory Affairs today released the Spring 2022 Unified Agenda of Regulatory and Deregulatory Actions. The report, which includes contributions related to the Securities and Exchange Commission, lists short- and long-term… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers […]
SEC Charges Egan-Jones Ratings Co. and CEO with Conflict of Interest Violations
The Securities and Exchange Commission today charged Haverford, PA-based Egan-Jones Ratings Company, a nationally recognized statistical rating organization (NRSRO) registered with the Commission in certain ratings classes, with violating conflict of… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers at 212-509-6544.
SEC Charges Firm and Five Brokers with Violations of Reg BI
June 16, 2022 —The SEC has charged registered broker-dealer Western International Securities, Inc. and five of its registered representatives, or brokers – Nancy Cole, Patrick Egan, Andy Gitipityapon, Steven Graham, and Thomas Swan – with violating Best Interest Obligation regulations (commonly referred to as Regulation Best Interest or Reg BI) when […]
SEC Requests Information and Comment on Advisers Act Regulatory Status of Index Providers, Model Portfolio Providers, and Pricing Services
June 15, 2022 —The Securities and Exchange Commission today announced that it is requesting information and public comment on matters related to the activities of certain “information providers,” including whether, under particular facts and circumstances, information providers are acting as “investment advisers” under the Investment Advisers Act of 1940 (“Advisers […]
Weiss Asset Management Settles Short Selling Charge
Agrees to disgorge $6,508,793 in profits and to pay interest of $190,211 and a penalty of $200,000 June 14, 2022 —The Securities and Exchange Commission today announced that investment advisory firm Weiss Asset Management LP has agreed to pay approximately $6.9 million to settle charges that it violated the federal […]
Private Equity Adviser Pays Million Dollar Fine and Refunds 3 Million Dollars forr Failing to Disclose Disproportionate Expense Allocations to Fund
June 14, 2022 — The Securities and Exchange Commission today charged New Jersey-based investment adviser Energy Capital Partners Management LP (ECP) with allocating undisclosed, disproportionate expenses to a private equity fund it advises. ECP agreed to pay a $1 million penalty to settle the SEC charges and has voluntarily paid […]
