The SEC has granted over $37 million to a whistleblower. This individual provided previously unknown information to the SEC, significantly aiding a successful enforcement action. The whistleblower also collaborated with the Enforcement staff, identifying potential witnesses and documents, thus conserving valuable time and resources. Significance of the SEC’s Whistleblower […]
SECLaw Staff
SEC Small Business Advisory Committee to Explore Recent Changes to U.S. Small Business Administration’s Small Business Investment Company Program
The Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee today released the agenda for its meeting on Tuesday, July 30, 2024, which will include an exploration of recent changes to the U.S. Small Business… SEC Press Release
SEC, MSRB, FINRA to Hold Hybrid Compliance Outreach Program
The Securities and Exchange Commission, Municipal Securities Rulemaking Board (MSRB), and Financial Industry Regulatory Authority (FINRA) today announced the opening of registration for both in-person and virtual attendance of their Compliance Outreach… SEC Press Release
SEC Charges Intercontinental Exchange and New York Stock Exchange with Cyber Intrusion Failure
Background of the Cyber Intrusion Incident The Securities and Exchange Commission (SEC) announced that Intercontinental Exchange, Inc. (ICE) will pay a $10 million penalty. This penalty is due to ICE’s failure to ensure nine of its subsidiaries, including the New York Stock Exchange, promptly informed the SEC of a cyber […]
SEC Missteps in the Debt Box Case
Two SEC Attorneys Resign The SEC’s Juridical Blunders The SEC encountered severe criticism following actions perceived as excessively authoritarian in its regulatory endeavors. These actions precipitated a legal reproach and subsequent resignations from the agency, highlighting the contentious and challenging landscape of regulatory practices within the nascent realm of cryptocurrency. […]
Exploring Regulation Crowdfunding and Angel Investing
The Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee is gearing up for an insightful discussion on Regulation Crowdfunding (Reg CF) and the landscape of angel investing. Scheduled for Monday, May 6, 2024, this meeting promises a deep dive into crucial aspects of early-stage capital raising and […]
SEC Issues Second Fee Rate Advisory for Fiscal Year 2024
The Securities and Exchange Commission today announced that, starting on May 22, 2024, the fee rates applicable to most securities transactions will be set at $27.80 per million dollars. Consequently, each self-regulatory organization will continue to pay the Commission a rate of $8 per million for covered sales occurring on […]
Exploring the Future of Asset Management: Insights from the SEC’s Upcoming Conference
The Securities and Exchange Commission’s Division of Investment Management is gearing up to host its much-anticipated second annual Conference on Emerging Trends in Asset Management. Scheduled for Thursday, May 16, 2024, this event promises to be a cornerstone for professionals from various sectors within the asset management industry, including regulators […]
Senvest Management: Navigating Compliance Challenges and Enhancing Ethics in Investment Advisory
The role of registered investment advisers is paramount in the realm of financial oversight and regulatory compliance. Among the myriad challenges these entities face, maintaining rigorous adherence to recordkeeping and ethical standards is perhaps the most pivotal. This is exemplified in the recent case involving Senvest Management LLC, a notable […]
Genesis Agrees to Pay $21 Million Penalty to Settle SEC Charges
Genesis Global Capital Fined $21 Million for Unregistered Crypto Lending Genesis Global Capital, LLC has been hit with a hefty $21 million civil penalty by the Securities and Exchange Commission (SEC). This comes as a settlement to charges that Genesis was involved in the unregistered offering and sale of securities […]