The Commission’s proposal to squeeze more information from private equity firms and hedge funds may not yield the “early warning signals” that it’s after. Commentary from Institutional Investor. https://www.institutionalinvestor.com/article/b1wmgg3fjjp33l/The-SEC-Is-Tightening-Its-Grip-on-Private-Markets-But-It-May-Be-Disappointed
Tag: The Securities Law Blog
Largest South Korean Telecommunications Co. Agrees to Pay the SEC to Settle FCPA Charges
The Securities and Exchange Commission announced that Seoul-based KT Corporation (KT Corp.) will pay $6.3 million to resolve charges that it violated the Foreign Corrupt Practices Act (FCPA) by providing improper payments for the benefit of government… Read the Full Press Release Have a securities law question? Call New York […]
BlockFi Agrees to Pay $100 Million in Penalties and Pursue Registration of its Crypto Lending Product
Introduction BlockFi is a cryptocurrency lending startup that offers crypto loans. Since its launch, the company has been criticized for its lending practices. In particular, it has faced questions about whether it can comply with regulations requiring it to register as a money transmitter and obtain a license. SEC Charges […]
Kelly L. Gibson, Director of the Philadelphia Regional Office, to Leave the SEC; Scott Thompson and Joy Thompson named Office Acting Co-Heads
The Securities and Exchange Commission today announced that Kelly L. Gibson, Director of the Philadelphia Regional Office, will leave the agency on Feb. 11 after 14 years of service. Joy Thompson and Scott Thompson will replace her as Acting Co-Directors… Read the Full Press Release Have a securities law question? […]
SEC Issues Proposal to Reduce Risks in Clearance and Settlement
The Securities and Exchange Commission today voted to propose rule changes to reduce risks in the clearance and settlement of securities, including by shortening the standard settlement cycle for most broker-dealer transactions in securities from two… Read the Full Press Release Have a securities law question? Call New York Securities […]
SEC Publishes Report on Statistical Rating Organizations
The Securities and Exchange Commission today issued its annual Staff Report on Nationally Recognized Statistical Rating Organizations (NRSROs), providing a summary of the SEC staff’s examinations of NRSROs and discussing the state of competition, transparency, and conflicts of interest among NRSROs. The Staff Report also discusses the Commission’s role in […]
SEC Seeks Candidates for Investor Advisory Committee
The Securities and Exchange Commission is seeking candidates for appointment to the Investor Advisory Committee to help protect investors and improve securities regulations. The committee was established under the Dodd-Frank Wall Street Reform and… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers at 212-509-6544. […]
RIA Ongoing Duties to Its Customers
Great post by Alan Wolper on the duties of an RIA to monitor its customer’s accounts, even when there is no trading, and no activity in those accounts. Not true for the traditional broker, and an important distinction for investment advisors to remember. SEC Settlement Proves That It’s Easy Enough […]
Self Directed IRA for Prescious Metals?
From time to time we get questions about self-directed IRAs and what products they can invest in. Mat Sorensen, an attorney, author, and self-directed IRA guru recently answered part of the question. Can a self-directed IRA hold precious metals, stored at the owner’s home? A recent Tax Court case, […]
