The Securities and Exchange Commission today released the agenda for the Oct. 5 meeting of the Fixed Income Market Structure Advisory Committee (FIMSAC). The meeting will focus on discussions regarding recent market volatility and the impact of COVID-19… Read the Full Press Release Have a securities law question? Call Sallah […]
Tag: SECLaw.com
SEC Charges Hospitality Company for Failing to Disclose Executive Perks
The SEC settled charges against Virginia-based hospitality company Hilton Worldwide Holdings Inc. for failing to fully disclose perquisites and personal benefits provided to executive officers. The action was generated by the Division of Enforcement’s use of risk-based data analytics to uncover potential violations related to corporate perquisites. According to the […]
SEC Charges HP With Disclosure/Control Violations
he Securities and Exchange Commission today announced charges against technology company HP Inc. for misleading investors by failing to disclose the impact of sales practices undertaken in an effort to meet quarterly sales and earnings targets. HP has agreed to pay $6 million to settle the charges. According to the SEC’s […]
SEC Whistleblower Program Ends Record-Setting Fiscal Year With Four Additional Awards
The Securities and Exchange Commission today announced awards to four individuals for total payments of almost $5 million. Each of these whistleblowers provided critical information that alerted the Commission of the alleged wrongdoing and resulted in successful enforcement action. This year the SEC has made a record 39 individual awards […]
SEC Awards Almost $30 Million to Two Insider Whistleblowers
The Securities and Exchange Commission today announced an award of almost $30 million to two insider whistleblowers whose tips led SEC staff to open an investigation. The first whistleblower, who was the first to alert SEC staff of potential… Read the Full Press Release Have a securities law question? Call […]
Morgan Stanley Agrees to Pay $5 Million for Reg SHO Violations
The Securities and Exchange Commission today announced settled charges against Morgan Stanley & Co. LLC for violations of Regulation SHO, the regulatory framework governing short sales. According to the SEC’s order, the structure of Morgan Stanley’s prime brokerage swaps business resulted in violations of Reg SHO. As set forth in […]
SEC Charges Manitex International and Three Former Senior Executives With Accounting Fraud
The Securities and Exchange Commission today announced settled charges against Manitex International, Inc., a Bridgeview, Illinois manufacturer and distributor of cranes, forklifts and heavy equipment, and three of its former senior executives for two… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox at […]
SEC Charges Former Real Estate Executive With Misappropriating $26 Million in Ponzi Scheme
The Securities and Exchange Commission today charged the former president of a Marin, California real estate development and management company with operating a fraudulent Ponzi scheme and misappropriating over $26 million from more than 1,300 investors – many of whom were elderly and retired. According to the SEC’s complaint, from September […]
SEC Charges Ratings Agency With Internal Controls Failures in Connection With Ratings of CMBS and CLO Combo Notes
The Securities and Exchange Commission today announced that the credit ratings agency Kroll Bond Rating Agency Inc. (KBRA) has agreed to pay more than $2 million to settle separate charges relating to the rating of commercial mortgage-backed securities (… Read the Full Press Release Have a securities law question? Call […]
SEC Charges Unregistered Brokers in Penny Stock Scheme Targeting Seniors
The Securities and Exchange Commission today charged three Florida residents with fraudulent sales of stock in NIT Enterprises Inc., a South Florida technology company. The SEC previously charged NIT Enterprises, its former CEO, and two SEC-barred… Read the Full Press Release Have a securities law question? Call Sallah Astarita & […]
