The Securities and Exchange Commission today announced charges against Archipelago Trading Services Inc. (ATSI) for failing to file hundreds of legally required reports of suspicious financial transactions, known as Suspicious Activity Reports (SARs),… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers at 212-509-6544. […]
Author: SECLaw Staff
SEC Charges Citigroup Global Markets Inc. with Recordkeeping Failures concerning Underwriting Expenses
The Securities and Exchange Commission today announced settled cease-and-desist proceedings against broker-dealer Citigroup Global Markets Inc. (CGMI) for willfully violating recordkeeping requirements concerning expenses that the firm incurred in… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers at 212-509-6544. Sallah Astarita & Cox, […]
Disgorgement Accounting After Liu v. SEC in Securities Enforcement Cases
From the Harvard Law School Forum on Corporate Governance – The Supreme Court’s landmark Liu v. SEC ruling curtails the SEC’s discretion in disgorgement remedies, limiting awards to a defendant’s “net profits” from wrongdoing. This shifts billions in settlement negotiations. But how should securities lawyers calculate these “net profits” in […]
SEC Directs Equity Exchanges and FINRA to Improve Governance of Market Data Plans
The Securities and Exchange Commission today issued an order directing the equity exchanges and the Financial Industry Regulatory Authority (FINRA) (the participants) to file a new national market system plan (NMS plan) to replace the three existing… Read the Full Press Release Have a securities law question? Call New York […]
SEC Directs Equity Exchanges and FINRA to Improve Governance of Market Data Plans
The Securities and Exchange Commission today issued an order directing the equity exchanges and the Financial Industry Regulatory Authority (FINRA) (the participants) to file a new national market system plan (NMS plan) to replace the three existing… Read the Full Press Release Have a securities law question? Call New York […]
Annual Review of Federal Securities Regulation
By the Subcommittee on Annual Review of Federal Securities Regulation, Committee on Federal Regulation of Securities, ABA Business Law Section This review was prepared by the Subcommittee on Annual Review of Federal Securities Regulation of the ABA Business Law Section’s Committee on Federal Regulation of Securities. The Review is a […]
Disgorgement Accounting After Liu v. SEC in Securities Enforcement Cases
From the Harvard Law School Forum on Corporate Governance – The Supreme Court’s landmark Liu v. SEC ruling curtails the SEC’s discretion in disgorgement remedies, limiting awards to a defendant’s “net profits” from wrongdoing. This shifts billions in settlement negotiations. But how should securities lawyers calculate these “net profits” in […]
SEC Charges Citigroup Global Markets Inc. with Recordkeeping Failures concerning Underwriting Expenses
The Securities and Exchange Commission today announced settled cease-and-desist proceedings against broker-dealer Citigroup Global Markets Inc. (CGMI) for willfully violating recordkeeping requirements concerning expenses that the firm incurred in… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers at 212-509-6544. Sallah Astarita & Cox, […]
SEC Charges Archipelago Trading Services with Failing to File Suspicious Activity Reports
The Securities and Exchange Commission today announced charges against Archipelago Trading Services Inc. (ATSI) for failing to file hundreds of legally required reports of suspicious financial transactions, known as Suspicious Activity Reports (SARs),… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers at 212-509-6544. […]
Impact Theory Charged by SEC for Unregistered Offering of Crypto Asset Securities
The Securities and Exchange Commission (SEC) has taken action against Impact Theory, LLC, a prominent media and entertainment company headquartered in Los Angeles. The SEC has charged the company with engaging in an unregistered offering of crypto asset securities through purported non-fungible tokens (NFTs). Impact Theory managed to accumulate approximately […]
