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
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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 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 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 Former CEO of Tech Startup SKAEL with $30 Million Fraud
The Securities and Exchange Commission today announced fraud charges against Baba Nadimpalli, the co-founder and former CEO of SKAEL Inc., a San Francisco-based private technology company that developed business automation software. According to the SEC… SEC Press Release
SEC Charges Broker-Dealer First Horizon With Regulation Best Interest Violations
The Securities and Exchange Commission today announced charges against registered broker-dealer First Horizon Advisors, Inc. for failing to maintain and enforce policies and procedures reasonably designed to achieve compliance with Regulation Best… SEC Press Release
SEC Charges DeFi Platform Rari Capital and its Founders With Misleading Investors and Acting as Unregistered Brokers
The Securities and Exchange Commission today announced settled charges against Rari Capital, Inc., a supposed decentralized finance (DeFi) protocol, and its co-founders, Jai Bhavnani, Jack Lipstone, and David Lucid, for misleading investors and engaging… SEC Press Release
SEC Charges 11 Institutional Investment Managers with Failing to Report Certain Securities Holdings
The Securities and Exchange Commission today announced charges against 11 institutional investment managers for failing to file reports, known as Forms 13F, that they were required to file because they have discretion over more than $100 million in… SEC Press Release
SEC Charges Former Chairman and CEO of Tech Co. Kubient With Fraud and Lying to Auditors
The Securities and Exchange Commission today filed charges against Paul D. Roberts, the former Chair, CEO, and president of Kubient Inc.; Joshua A. Weiss, the company’s former chief financial officer; and Grainne M. Coen, the company’s former audit… SEC Press Release
SEC Charges Seven Public Companies with Violations of Whistleblower Protection Rule
The Securities and Exchange Commission today announced settled charges against seven public companies for using employment, separation, and other agreements that violated rules prohibiting actions to impede whistleblowers from reporting potential… SEC Press Release
