The Securities and Exchange Commission today announced that it will close its Salt Lake Regional Office (SLRO) later this year, reducing its regional footprint from 11 regional offices to 10. The SLRO has long been the SEC’s smallest regional office and… SEC Press Release
Enforcement
SEC Charges Robert Scott Murray and Trillium Capital with Fraudulent Scheme to Manipulate Getty Images Stock
Massachusetts resident liquidated his Getty Images stock holdings after sham offer to buy company drove up its stock price Overview of the Allegations The Securities and Exchange Commission (SEC) has charged Robert Scott Murray and Trillium Capital LLC with a fraudulent scheme aimed at manipulating the stock price of Getty […]
SEC Charges Advisory Firm Mass Ave Global and Co-Founder and CEO Winston Feng with False Statements and Undisclosed Conflicts
The Securities and Exchange Commission today instituted settled proceedings against formerly registered investment adviser Mass Ave Global Inc. (MassAve) and its co-founder and CEO Winston M. Feng for making false and misleading statements to investors… 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 Issues Exemptive Order Providing Additional Time for Certain Registrants to File Quarterly Reports in Light of BF Borgers Permanent Suspension
The Securities and Exchange Commission today provided exemptive relief to certain registrants affected by the permanent suspension of BF Borgers CPA PC and its owner, Benjamin F. Borgers (together, “BF Borgers”), from appearing and practicing before the… SEC Press Release
Tina Diamantopoulos Named Regional Director of Chicago Office
The Securities and Exchange Commission today announced that Tina Diamantopoulos has been named Director of the Chicago Regional Office, the Commission’s second-largest regional office. Ms. Diamantopoulos is a 30-year veteran of the SEC and has held… SEC Press Release
SEC Charges Hudson Valley Wealth Management Advisory Firm and Founder for Failing to Disclose Conflicts of Interest
The Securities and Exchange Commission today announced settled charges against New York-based registered investment adviser Hudson Valley Wealth Management Inc. and its founder, Christopher Conover, for breaching their fiduciary duties by failing to… SEC Press Release
SEC Seeks Candidates for Small Business Capital Formation Advisory Committee
The Securities and Exchange Commission is seeking candidates to fill a limited number of vacancies on the agency’s Small Business Capital Formation Advisory Committee, which provides advice and recommendations to the Commission on rules, regulations, and… SEC Press Release
SEC, FinCEN Propose Customer Identification Program Requirements for Registered Investment Advisers and Exempt Reporting Advisers
Today the Securities and Exchange Commission and the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) jointly proposed a new rule that would require SEC-registered investment advisers (RIAs) and exempt reporting advisers (… SEC Press Release
SEC Charges Pennsylvania Resident with Insider Trading in Dick’s Sporting Goods Securities
The Securities and Exchange Commission today charged Gibsonia, PA resident Frank T. Poerio, Jr. with insider trading for misappropriating material, nonpublic information concerning Dick’s Sporting Goods Inc. and trading on that information, realizing… SEC Press Release
