The Securities and Exchange Commission today announced awards totaling approximately $10.4 million to several whistleblowers who provided information and assistance in three separate covered actions. In the first order, the SEC issued awards totaling…Read the Full Press ReleaseHave…
Continue Reading SEC Issues Whistleblower Awards Totaling Approximately $10.4 Million

The Securities and Exchange Commission today announced the appointment of Haoxiang Zhu, a professor of finance at the Massachusetts Institute of Technology, as Director of the agency’s Division of Trading and Markets, effective Dec. 10, 2021. David…Read the Full …
Continue Reading SEC Appoints Haoxiang Zhu Director of Division of Trading and Markets

The Securities and Exchange Commission today announced that an affiliate of McKinsey & Company that offers investment options exclusively to current and former McKinsey partners and employees has agreed to pay an $18 million penalty for compliance…Read the Full …
Continue Reading McKinsey Affiliate to Pay $18 Million for Compliance Failures in Handling of Nonpublic Information

The Securities and Exchange Commission today announced that it charged Ryan Ginster of Corona, California with conducting two unregistered and fraudulent securities offerings that raised over $3.6 million in cryptocurrency from retail investors. The SEC…Read the Full Press Release…
Continue Reading SEC Charges Promoter with Conducting Cryptocurrency Investment Scams

The Securities and Exchange Commission today announced that it filed 434 new enforcement actions in fiscal year 2021, representing a 7 percent increase over the prior year. Seventy percent of these new or “stand-alone” actions involved at least one…Read …
Continue Reading SEC Announces Enforcement Results for FY 2021

The Securities and Exchange Commission today published proposed amendments to the electronic recordkeeping and prompt production of records requirements applicable to broker-dealers, security-based swap dealers (SBSDs), and major security-based swap…Read the Full Press ReleaseHave a securities law question?…
Continue Reading SEC Proposes Updates to Electronic Recordkeeping Requirements

The Securities and Exchange Commission today published proposed Exchange Act Rule 10c-1, which would require lenders of securities to provide the material terms of securities lending transactions to a registered national securities association, such as…Read the Full Press Release…
Continue Reading SEC Proposes Rule to Provide Transparency in the Securities Lending Market