The Securities and Exchange Commission today announced charges against credit rating agencies DBRS Inc. and Kroll Bond Rating Agency, LLC (KBRA) for longstanding failures to preserve electronic records, including off-channel communications on personal… SEC Press Release
Enforcement
SEC Charges 10 Firms with Widespread Recordkeeping Failures
The Securities and Exchange Commission today announced charges against five broker-dealers, three dually registered broker-dealers and investment advisers, and two affiliated investment advisers for widespread and longstanding failures to maintain and… SEC Press Release
SEC Charges D. E. Shaw with Violating Whistleblower Protection Rule
The Securities and Exchange Commission today announced settled charges against New York-based registered investment adviser D. E. Shaw & Co., L.P. for raising impediments to whistleblowing by requiring employees to sign agreements prohibiting the… SEC Press Release
SEC Charges International Accounting Firm Prager Metis with Hundreds of Auditor Independence Violations
The Securities and Exchange Commission today announced charges against accounting firm Prager Metis CPAs, LLC and its California professional services firm, Prager Metis CPAs LLP, (together, Prager) for violating auditor independence rules and for aiding… SEC Press Release
SEC Proposes Tailored Registration Form for Offerings of Registered Index-Linked Annuities
The Securities and Exchange Commission today proposed tailored disclosure requirements and offering processes for offerings of registered index-linked annuities (RILAs). The amendments would highlight key information about RILAs, allow insurance… SEC Press Release
SEC, MSRB, & FINRA to Hold Virtual Compliance Outreach Program
The Securities and Exchange Commission, Municipal Securities Rulemaking Board (MSRB), and Financial Industry Regulatory Authority (FINRA) today announced that registration is open for a virtual Compliance Outreach Program for municipal market… SEC Press Release
SEC Spotlights Due Diligence During World Investor Week 2023
The Securities and Exchange Commission today announced it will highlight the importance of investor education and protection during World Investor Week (WIW) 2023, which takes place October 2-8. Arising technologies and new digital tools are making it… SEC Press Release
SEC Names Stephanie Allen as Director of Media Relations and Speechwriting
The Securities and Exchange Commission today announced the appointment of Stephanie Allen as Director of Media Relations and Speechwriting, effective Oct. 1, 2023. Ms. Allen has served as Director of Speechwriting and Senior Adviser to the Chair since… SEC Press Release
Amendments to Rules Governing Beneficial Ownership Reporting
Amendments to Beneficial Ownership Reporting: Enhancing Disclosure and Timeliness The SEC has recently announced groundbreaking rule amendments designed to revamp beneficial ownership reporting. These amendments, operating under Sections 13(d) and 13(g) of the Securities Exchange Act of 1934, mark a pivotal shift in the disclosure requirements for market participants. The […]
SEC Adopts Rule to Increase Transparency in the Securities Lending Market
The Securities and Exchange Commission today adopted new Rule 10c-1a, which will require certain persons to report information about securities loans to a registered national securities association (RNSA) and require RNSAs to make publicly available… Full Press Release available at
