The two banks entered into the merger agreement on Sunday (19 March), although it remains subject to customary closing conditions. The surprise announcement had come to the fore late on Friday with both sides working over the weekend to reach an arrangement. https://citywire.com/new-model-adviser/news/ubs-to-acquire-credit-suisse-in-emergency-rescue/a2412164?re=107225&refea=1889495
Month: March 2023
SEC Office of Municipal Securities Issues FAQs for Registration of Municipal Advisors
The U.S. Securities and Exchange Commission’s Office of Municipal Securities today announced that it updated its Registration of Municipal Advisors Frequently Asked Questions webpage to add a section, entitled Completion of Form MA, Form MA-I, and Form… Read the Full Press Release Have a securities law question? Call New York […]
SEC Virtual Outreach Event Highlights Students on the Frontlines of Investor Protection
The U.S. Securities and Exchange Commission announced that it will host a virtual event, entitled “Investor Advocacy Clinics: Students Fight for Investor Justice,” on Wednesday, March 29 from 11:00 a.m. to 12:00 p.m. ET. The event will highlight the… Read the Full Press Release Have a securities law question? Call New […]
UBS Acquires Credit Suisse
https://citywire.com/new-model-adviser/news/ubs-to-acquire-credit-suisse-in-emergency-rescue/a2412164?re=107225&refea=1889495
SEC Charges Exiled Miles Guo and H William Je in $850 Million Fraud Scheme
The SEC has charged exiled Chinese businessman Miles Guo and his financial advisor, William Je, for their involvement in unregistered and fraudulent offerings that raised more than $850 million. The charges include misappropriation of funds, violations of registration provisions of securities laws, and material misrepresentations to prospective investors. Misappropriation of […]
SEC Proposes Changes to Reg S-P to Enhance Protection of Customer Information
On March 15, 2023, the SEC proposed amendments to Regulation S-P that aim to enhance the protection of customer information. The proposed amendments would require broker-dealers, investment companies, registered investment advisers, and transfer agents to provide notice to individuals affected by certain types of data breaches that may put them […]
SEC Proposes New Requirements to Address Cybersecurity Risks to the U.S. Securities Markets
The Securities and Exchange Commission today proposed requirements for broker-dealers, clearing agencies, major security-based swap participants, the Municipal Securities Rulemaking Board, national securities associations, national securities exchanges,… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers at 212-509-6544.
American Patriot Brands Inc. and its CEO Charged by SEC for $30 Million Investment Scheme
March 16, 2-23 – The SEC has charged American Patriot Brands Inc. (APB), a cannabis cultivation and distribution company, its CEO, Robert Y. Lee, and five other entities and individuals for participating in a long-running scheme. The scheme involved raising over $30 million from more than 100 investors across the […]
SEC Proposes to Expand and Update Regulation SCI
The Securities and Exchange Commission today proposed amendments to expand and update Regulation Systems Compliance and Integrity (SCI), the set of rules adopted in 2014 to help address technological vulnerabilities in the U.S. securities markets and improve Commission oversight of the core technology of key U.S. securities markets entities (SCI […]
SEC Reopens Comment Period for Proposed Cybersecurity Risk Management Rules and Amendments for Registered Investment Advisers and Funds
The Securities and Exchange Commission today reopened the comment period on proposed rules and amendments related to cybersecurity risk management and cybersecurity-related disclosure for registered investment advisers, registered investment companies,… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers at 212-509-6544.
