The Securities and Exchange Commission today announced that Daniel R. Gregus, Director of the Chicago Regional Office, will leave the agency at the end of December after more than 30 years of service. Vanessa Horton and Kathryn Pyszka will become Acting… SEC Press Release
Tag: securitiesattorney
SEC Charges Five Unregistered Brokers, Four Companies in Widespread Pre-IPO Fraud Scheme
The Securities and Exchange Commission today announced charges against Raymond J. Pirrello, Jr., Marcello Follano, Robert Cassino, Anthony DiTucci, Joseph Rivera, and their New Jersey or New York-based companies Prior 2 IPO Inc., Late Stage Asset… SEC Press Release
SEC Names Kate E. Zoladz as Regional Director of Los Angeles Office
The Securities and Exchange Commission today announced that Kate E. Zoladz has been named Regional Director of the Los Angeles Office, effective Dec. 3, 2023. Ms. Zoladz has served as Acting Co-Director since June 2023 and as the Associate Regional… SEC Press Release
SEC Adopts Rule to Prohibit Conflicts of Interest in Certain Securitizations
SEC Implements Rule 192 to Safeguard Against Conflicts of Interest in Asset-Backed Securities Washington D.C., Nov. 27, 2023 — The Securities and Exchange Commission (SEC) has adopted Securities Act Rule 192. This rule, designed to enforce Section 27B of the Securities Act of 1933, as introduced by Section 621 of […]
SEC Adopts Rules to Improve Clearing Agency Governance and Mitigate Conflicts of Interest
On November 16, 2023, the SEC took a significant step towards fortifying the stability of clearing agencies by implementing innovative rules aimed at diminishing the influence of conflicts of interest on their boards of directors or equivalent governing bodies. What is a Clearing Agency? Clearing agencies, also known as clearinghouses, […]
SEC 2023 Enforcement Recap
A Recap of Fiscal Year 2023 Enforcement Actions The Securities and Exchange Commission (SEC) has continued its enforcement actions, announcing a total of 784 enforcement actions during fiscal year 2023. Here are the securities litigation enforcement highlights from the SEC for the past year. Diverse Enforcement Landscape Stand-Alone Actions Surge […]
Charter Communications to Pay $25 Million Penalty for Stock Buyback Controls Violations
The Securities and Exchange Commission today announced settled charges against Charter Communications Inc. for violating internal accounting controls requirements relating to its stock buybacks. According to the SEC’s order, Charter’s board… SEC Press Release
Albemarle Corp. to Pay SEC More Than $103 Million to Settle FCPA Violations
The Securities and Exchange Commission today announced that Charlotte-based Albemarle Corporation, a global specialty chemicals company, agreed to pay more than $103.6 million to settle the SEC’s charges that it violated the anti-bribery, recordkeeping,… SEC Press Release
SEC Charges 10 Firms with Widespread Recordkeeping Failures
The Securities and Exchange Commission today announced charges against five broker-dealers, three dually registered broker-dealers and investment advisers, and two affiliated investment advisers for widespread and longstanding failures to maintain and… SEC Press Release
SEC Charges D. E. Shaw with Violating Whistleblower Protection Rule
The Securities and Exchange Commission today announced settled charges against New York-based registered investment adviser D. E. Shaw & Co., L.P. for raising impediments to whistleblowing by requiring employees to sign agreements prohibiting the… SEC Press Release
