The Securities and Exchange Commission today proposed amendments that would update the disclosure required under Rule 605 of Regulation NMS for order executions in national market system stocks, which are stocks listed on a national securities exchange.… Read the Full Press Release Have a securities law question? Call New York […]
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SEC Proposes Rules to Amend Minimum Pricing Increments and Access Fee Caps and to Enhance the Transparency of Better Priced Orders
The Securities and Exchange Commission today proposed to amend certain rules under Regulation NMS to adopt variable minimum pricing increments, or “tick sizes,” for the quoting and trading of NMS stocks, reduce access fee caps for protected quotations,… Read the Full Press Release Have a securities law question? Call New […]
SEC Charges Samuel Bankman-Fried with Defrauding Investors in Crypto Asset Trading Platform FTX
Dec. 13, 2022 — The Securities and Exchange Commission today charged Samuel Bankman-Fried with orchestrating a scheme to defraud equity investors in FTX Trading Ltd. (FTX), the crypto trading platform of which he was the CEO and co-founder. Investigations as to other securities law violations and into other entities and […]
SEC Awards More Than $20 Million to Whistleblower
The Securities and Exchange Commission today announced an award of more than $20 million to a whistleblower who provided information and assistance that significantly contributed to a successful enforcement action. The whistleblower provided new… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers at […]
SEC Publishes FY22-26 Strategic Plan
Nov. 23, 2022 —The Securities and Exchange Commission today released its Strategic Plan for fiscal years 2022 to 2026, outlining agency objectives to fight against fraud, maintain a robust and relevant regulatory framework, and sustain a skilled and diverse workforce to serve America’s investors and capital-raising entrepreneurs alike. “Our capital […]
SEC Adopts Rules to Enhance Proxy Voting Disclosure by Registered Investment Funds and Require Disclosure of “Say-on-Pay” Votes for Institutional Investment Managers
The Securities and Exchange Commission today adopted amendments to Form N-PX to enhance the information mutual funds, exchange-traded funds, and certain other registered funds report about their proxy votes. The amendments will make these funds’ proxy… Read the Full Press Release Have a securities law question? Call New York Securities […]
SEC Proposes Enhancements to Open-End Fund Liquidity Framework
The Securities and Exchange Commission today voted to propose amendments to better prepare open-end funds for stressed conditions and to mitigate dilution of shareholders’ interests. The rule and form amendments would enhance how funds manage their… Read the Full Press Release Have a securities law question? Call New York Securities […]
The Collapse of FTX Explained
There is an excellent overview of the FTX collapse at MSNBC, at https://www.msnbc.com/opinion/msnbc-opinion/ftx-collapse-sam-bankman-frieds-crypto-rcna57263—– Visit The Securities Lawyer at www.securitieslawyer.us
Halal Capital Founder Charged in Scheme that Targeted Muslim Community
Nov. 2, 2022 — The Securities and Exchange Commission today charged Jebara Igbara, the founder of Halal Capital LLC, in connection with a more than $8 million scheme that targeted investors from the New York metropolitan area’s Muslim community. According to the SEC’s complaint filed in federal court in Brooklyn, […]
SEC Seeks to Stop the Registration of Misleading Crypto Asset Offerings
The Securities and Exchange Commission today instituted administrative proceedings against American CryptoFed DAO LLC (American CryptoFed), a Wyoming-based organization, to determine whether a stop order should be issued to suspend the registration of… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers at 212-509-6544. […]
