The Securities and Exchange Commission today announced that registered investment adviser Pacific Investment Management Company LLC (PIMCO) will pay $9 million to settle two enforcement actions relating to disclosure and policies and procedures… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers at 212-509-6544. […]
Author: SECLaw Staff
SEC Charges Investment Adviser and Principal in Abusive Naked Short Selling Scheme
The SEC has charged Sabby Management and its managing partner with fraud in a scheme involving misrepresentations and rule violations for short selling. Learn more here.
Never Stop Learning: Protecting Your Investments and Future – SEC’s New Public Service Campaign
The SEC’s Office of Investor Education launched a public service campaign for older investors to continuously educate themselves on protecting their finances.
SEC Implements New Rules to Prevent Fraud and Manipulation in Security-Based Swaps
The US SEC has implemented new regulations to prevent fraud, manipulation, and deception in security-based swap transactions. This article explains the significance of the new rules and their implications for investors and reference entities, as well as the importance of protecting the independence and objectivity of chief compliance officers. The newly adopted antifraud and anti-manipulation rule will play a pivotal role in preventing misconduct, while the SEC’s publishing of the final rules in the Federal Register will give market participants sufficient time to comply.
SEC Adopts Amendments to Remove References to Credit Ratings From Regulation M
The Securities and Exchange Commission has removed and replaced references to credit ratings from existing exceptions provided in Rule 101 and Rule 102 of Regulation M. Find out more in the full press release. Need legal representation? Contact Sallah Astarita & Cox.
SEC Seeks Emergency Relief to Ensure Binance.US Customers’ Assets are Protected
The Securities and Exchange Commission has filed an emergency action against Binance, freezing assets and directing the repatriation of customer funds. Read more here. #SEC #cryptotrading
Cryptocurrency – An Introduction
Cryptocurrency is a digital or virtual currency that is secured by cryptography, making it difficult to counterfeit or double-spend. Cryptocurrencies use decentralized technology for secure peer-to-peer transactions that are recorded on a public ledger known as a blockchain. There are currently over 8,000 cryptocurrencies in circulation, with new ones being […]
SEC Investigating NFT Creators and Marketplaces
Bloomberg is reporting that the SEC is investigating nonfungible token (NFT) creators and marketplaces for securities violations, according to a report from Bloomberg. Anonymous sources in the report claims that the SEC is investigating whether “certain nonfungible tokens […] are being utilized to raise money like traditional securities.” According to […]
SEC Proposes Rule to Provide Transparency in the Securities Lending Market
The Securities and Exchange Commission today published proposed Exchange Act Rule 10c-1, which would require lenders of securities to provide the material terms of securities lending transactions to a registered national securities association, such as… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox […]
SEC Staff Releases Report on Equity and Options Market Structure Conditions in Early 2021
The Securities and Exchange Commission today published a Staff Report on Equity and Options Market Structure Conditions in Early 2021, which focuses on the January 2021 trading activity of GameStop Corp (GME), the most famous of the “meme… Read the Full Press Release Have a securities law question? Call Sallah Astarita & […]
