The Securities and Exchange Commission today charged New York-based brand-management company Sequential Brands Group Inc. with failing to impair its goodwill as required by accounting principles and the federal securities laws. The SEC’s complaint… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox at 212-509-6544.
Other News
SEC Staff Supplements Quarterly Private Funds Statistics
The Securities and Exchange Commission staff today published an expanded suite of data and analyses of private fund statistics and trends. The Private Funds Statistics, released quarterly since October 2015 by the Division of Investment Management’s… Read the Full Press Release Have a securities law question? Call Sallah Astarita & […]
General Electric Agrees to Pay $200 Million Penalty for Disclosure Violations
General Electric Co. (GE) has agreed to pay a $200 million penalty to settle charges for disclosure failures in its power and insurance businesses. In 2017 and 2018, GE’s stock price fell by almost 75% as challenges in its power and insurance businesses were disclosed to the public. According to […]
SEC Adopts Rules to Modernize Key Market Infrastructure Responsible for Collecting, Consolidating, and Disseminating Equity Market Data
The Securities and Exchange Commission today adopted rules to modernize the infrastructure for the collection, consolidation, and dissemination of market data for exchange-listed national market system stocks (“NMS market data”). This… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox at 212-509-6544.
Global Securities Pricing Service to Pay $8 Million for Compliance Failures
The Securities and Exchange Commission today charged ICE Data Pricing & Reference Data LLC, a global securities pricing service and New York-based registered investment adviser, for compliance deficiencies relating to its delivery to clients of prices based on quotes it received from a single market participant, also known as single […]
Stebbins to End Role as General Counsel
The Securities and Exchange Commission today announced that Robert B. Stebbins will conclude his tenure as General Counsel in early January, after serving over three and a half years as the agency’s chief legal officer. During his tenure, Mr. Stebbins… Read the Full Press Release Have a securities law question? […]
SEC Orders BlueCrest to Pay $170 Million to Harmed Fund Investors
The Securities and Exchange Commission today announced that UK-based investment adviser BlueCrest Capital Management Limited has agreed to pay $170 million to settle charges arising from inadequate disclosures, material misstatements, and misleading omissions concerning its transfer of top traders from its flagship client fund, BlueCrest Capital International (BCI), to a […]
SEC Issues Multiple Whistleblower Awards Totaling Nearly $3 Million
The Securities and Exchange Commission today announced whistleblower awards to five individuals for information provided in three different enforcement actions for combined payments of nearly $3 million. In the first order, the SEC awarded the… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox at […]
SEC Charges The Cheesecake Factory For Misleading COVID-19 Disclosures
The Securities and Exchange Commission today announced settled charges against The Cheesecake Factory Incorporated for making misleading disclosures about the impact of the COVID-19 pandemic on its business operations and financial condition. The action… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox at […]
SEC Announces Office Focused on Innovation and Financial Technology
The Securities and Exchange Commission today announced that the SEC’s Strategic Hub for Innovation and Financial Technology, commonly referred to as FinHub, will become a stand-alone office. Valerie A. Szczepanik will continue to lead FinHub as its… Read the Full Press Release Have a securities law question? Call Sallah Astarita & […]
