The Securities and Exchange Commission today proposed requirements for broker-dealers, clearing agencies, major security-based swap participants, the Municipal Securities Rulemaking Board, national securities associations, national securities exchanges,… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers at 212-509-6544.
News
American Patriot Brands Inc. and its CEO Charged by SEC for $30 Million Investment Scheme
March 16, 2-23 – The SEC has charged American Patriot Brands Inc. (APB), a cannabis cultivation and distribution company, its CEO, Robert Y. Lee, and five other entities and individuals for participating in a long-running scheme. The scheme involved raising over $30 million from more than 100 investors across the […]
SEC Reopens Comment Period for Proposed Cybersecurity Risk Management Rules and Amendments for Registered Investment Advisers and Funds
The Securities and Exchange Commission today reopened the comment period on proposed rules and amendments related to cybersecurity risk management and cybersecurity-related disclosure for registered investment advisers, registered investment companies,… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers at 212-509-6544.
No Further Rate Hikes?
https://www.forbes.com/sites/siladityaray/2023/03/13/svb-collapse-fallout-goldman-analysts-forecast-no-fed-rate-hike-in-march/
Blackbaud Agrees to Pay $3 Million to Settle Charges Over Misleading Disclosures of Ransomware Attack
Blackbaud Inc., a South Carolina-based public company that provides donor data management software to non-profit organizations, has agreed to pay a $3 million civil penalty to settle charges over misleading disclosures about a 2020 ransomware attack that impacted more than 13,000 customers. The SEC announced the settlement on March 9, […]
SEC Updates List of Firms Using Inaccurate Information to Solicit Investors
The Securities and Exchange Commission today announced that it updated its list of unregistered entities that use misleading information to solicit primarily non-U.S. investors, adding 96 soliciting entities, three impersonators of genuine firms, and… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers at […]
SEC Files Emergency Action Against Miami Investment Adviser BKCoin and Principal Kevin Kang for Orchestrating $100 Million Crypto Fraud Scheme
The Securities and Exchange Commission today announced that it filed an emergency action in which it successfully obtained an asset freeze, appointment of a receiver, and other emergency relief against Miami-based investment adviser BKCoin Management LLC… Read the Full Press Release Have a securities law question? Call New York Securities […]
SEC Investor Advisory Committee to Discuss the Growth of Private Markets, Oversight of Investment Advisers, and Open-End Fund Liquidity Risk Management at March 2nd Meeting
Feb. 24, 2023 — The Securities and Exchange Commission’s Investor Advisory Committee will hold a virtual public meeting on March 2 at 10:00 a.m. ET. The meeting will be webcast on the SEC website. The committee will host three panels to discuss: Growth of Private Markets relative to the Public […]
SEC Fines OCC $17 Million for Non-Compliance with Stress Testing and Clearing Fund Methodology
The SEC has ordered The Options Clearing Corporation (OCC) to pay $17 million in penalties for violating its SEC-approved Stress Testing and Clearing Fund Methodology rule. The regulatory body found that OCC failed to comply with its own rule during certain times between October 2019 and May 2021. OCC, based […]
SEC Shortens Settlement Cycle for Broker-Dealer Transactions
The Securities and Exchange Commission (SEC) has announced the adoption of new rule changes that will reduce the standard settlement cycle for most broker-dealer transactions in securities from two business days after the trade date (T+2) to one business day (T+1). This change is expected to benefit investors and reduce […]
