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
Enforcement
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
SEC Charges Cassava Sciences, Two Former Executives for Misleading Claims About Alzheimer’s Clinical Trial
The Securities and Exchange Commission today announced Cassava Sciences, Inc., its founder and former CEO, Remi Barbier, and its former Senior Vice President of Neuroscience, Dr. Lindsay Burns, will pay more than $40 million to settle charges related to… SEC Press Release
SEC Charges Advisory Firm GQG Partners With Violating Whistleblower Protection Rule
The Securities and Exchange Commission today announced settled charges against Florida-based GQG Partners LLC, a registered investment adviser, for entering into agreements with candidates for employment and a former employee that made it more difficult… SEC Press Release
SEC Charges Merrill Lynch and Harvest Volatility Management for Ignoring Client Instructions
The Securities and Exchange Commission today announced charges against Harvest Volatility Management LLC and Merrill Lynch, Pierce, Fenner & Smith Inc. for exceeding clients’ designated investment limits over a two-year period beginning in March 2016… SEC Press Release
SEC Levies More Than $3.8 Million in Penalties in Sweep of Late Beneficial Ownership and Insider Transaction Reports
The Securities and Exchange Commission today announced settled charges against 23 entities and individuals for failures to timely report information about their holdings and transactions in public company stock. Two public companies were also charged for… SEC Press Release
SEC Charges Crypto Companies TrustToken and TrueCoin With Defrauding Investors Regarding Stablecoin Investment Program
The Securities and Exchange Commission today announced settled charges against TrueCoin LLC and TrustToken Inc. for their fraudulent and unregistered sales of investment contracts involving TrueUSD (TUSD), a purported stablecoin. According to the SEC’s… SEC Press Release
