The Securities and Exchange Commission today announced charges against Safeguard Metals LLC, and its owner, Jeffrey Santulan, for engaging in a multi-million dollar fraudulent scheme involving hundreds of investors who were at or near retirement age.… Read the Full Press Release Have a securities law question? Call New York Securities […]
News
SEC Publishes Report on Statistical Rating Organizations
The Securities and Exchange Commission today issued its annual Staff Report on Nationally Recognized Statistical Rating Organizations (NRSROs), providing a summary of the SEC staff’s examinations of NRSROs and discussing the state of competition, transparency, and conflicts of interest among NRSROs. The Staff Report also discusses the Commission’s role in […]
Private Fund Reporting Requirements to be Amended
The SEC is proposing to amend Form PF for certain SEC-registered advisors to private funds. The amendments will affect the disclosure of the fees and other compensation that are paid to a registered representative of an adviser of a private fund. In this Notice, we refer to the “proposed amendments” […]
SEC Reopens Comment Period for Pay Versus Performance
The Securities and Exchange Commission today reopened the comment period on proposed rules under the Dodd-Frank Act requiring disclosure of information reflecting the relationship between executive compensation actually paid by a company and the company’… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers […]
Remediation Helps Tech Company Avoid Penalties
The Securities and Exchange Commission today announced settled fraud charges without a penalty against HeadSpin, Inc., a private technology company that made significant remedial efforts in the wake of an internal investigation into misconduct by its now… Read the Full Press Release Have a securities law question? Call New York […]
SEC Proposes Amendments to Include Significant Treasury Markets Platforms Within Regulation ATS
The Securities and Exchange Commission today proposed rules to better protect investors and enhance cybersecurity by bringing more Alternative Trading Systems (ATS) that trade Treasuries and other government securities under the regulatory umbrella. The… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers at […]
SEC Issues Awards Totaling More Than $40 Million to Four Whistleblowers
The Securities and Exchange Commission today announced three awards totaling more than $40 million to four whistleblowers who provided information and assistance in three separate covered actions. In the first order, the SEC issued an award of… Read the Full Press Release Have a securities law question? Call New York […]
SEC Seeks Candidates for Investor Advisory Committee
The Securities and Exchange Commission is seeking candidates for appointment to the Investor Advisory Committee to help protect investors and improve securities regulations. The committee was established under the Dodd-Frank Wall Street Reform and… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers at 212-509-6544. […]
Earnings season is here
From CNN: https://www.cnn.com/2022/01/14/investing/premarket-stocks-trading/index.html Tech stocks have been plunging as Wall Street obsesses over the Federal Reserve’s next moves and how aggressively it will hike borrowing costs over the next 12 months to rein in inflation. But attention could soon shift elsewhere as corporate earnings season arrives, delivering a distraction from the economy […]
How Many FINRA Enforcement Lawyers Does It Take To Prosecute A Default Case?
Bill Singer posts about the overkill by FINRA Enforcement in obtaining a default order against an 89 year old registered representative who had been out of the business for 17 months. No one disputes FINRA’s need to sanction those who do not make timely disclosures on their CRD filings, but […]
