The Securities and Exchange Commission today announced settled charges against registered investment adviser Marathon Asset Management LP for failing to establish, maintain, and enforce written policies and procedures reasonably designed to prevent the… SEC Press Release
Enforcement
SEC Charges Three Individuals in the New York Metropolitan Area for Perpetrating a $120 Million Pre-IPO Fraud Scheme
The Securities and Exchange Commission today charged John LoPinto, Robert Wilkos, and Laren Pisciotti for their roles in a fraudulent scheme involving investments in pre-IPO private companies. The SEC also charged several companies owned and/or… SEC Press Release
SEC Charges Independent Director and Ex-CEO of Church & Dwight With Concealing Close Friendship with Company Executive
The Securities and Exchange Commission today announced settled charges against James R. Craigie, a former CEO, Chairman, and board member of Church & Dwight Co. Inc., for violating proxy disclosure rules by standing for election as an independent… SEC Press Release
TD Securities Charged in Spoofing Scheme
SEC Charges TD Securities with Manipulating U.S. Treasury Market through Spoofing The Securities and Exchange Commission (SEC) recently announced charges against TD Securities (USA) LLC, a registered broker-dealer, for engaging in market manipulation in the U.S. Treasury cash securities market. The charges focus on the illicit trading practice known as […]
SEC Charges DraftKings with Selectively Disclosing Nonpublic Information Via CEO’s Social Media Accounts
The Securities and Exchange Commission (SEC) recently charged DraftKings Inc. with a significant violation of Regulation Fair Disclosure (FD) for selectively sharing nonpublic information. The violation occurred when material information was disclosed via social media platforms, resulting in a $200,000 civil penalty. This article delves into the SEC charges against […]
Richard R. Best Named Senior Advisor to the Director of the Division of Examinations
The Securities and Exchange Commission today announced that Richard R. Best, the Director of the Division of Examinations, will transition to an advisory role as Senior Advisor to the Director of the Division of Examinations once he returns from medical… SEC Press Release
SEC Charges U.K. Citizen in Hacking and Trading Scheme Involving Five U.S. Public Companies
The Securities and Exchange Commission today announced charges against U.K. citizen Robert B. Westbrook for hacking into the computer systems of five U.S. public companies to obtain material nonpublic information about their corporate earnings and using… SEC Press Release
SEC Charges Entities Operating Crypto Asset Trading Platform Mango Markets for Unregistered Offers and Sales of the Platform’s “MNGO” Governance Tokens
The Securities and Exchange Commission today filed settled charges against Mango DAO and Blockworks Foundation for engaging in the unregistered offer and sale of crypto assets called “MNGO” tokens. The SEC also settled charges against Blockworks… SEC Press Release
SEC Adopts Improvements to EDGAR System to Enhance Security, Filer Access, and Account Management
The rule and form amendments approved by the Commission are intended to enhance security and improve filer access and account management. SEC Press Release
SEC Monitoring Impact of Hurricane Helene on Capital Markets
The Securities and Exchange Commission is closely monitoring the impact of Hurricane Helene on investors and capital markets. The SEC divisions and offices that oversee companies, accountants, investment advisers, mutual funds, brokerage firms, transfer… SEC Press Release
