Tag: sec
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SEC and France's AMF Sign Supervisory MOU to Boost Cooperation on Investment Advisers
The U.S. Securities and Exchange Commission and France's Autorité des Marchés Financiers have entered a Memorandum of Understanding to share information and consult on investment advisers and investment service providers.
BusinessPolitics and GovernmentLaw EnforcementFinancial MarketsBankingLegalEurope SECAutorité des Marchés FinanciersMemorandum of Understandinginvestment advisersinvestment service providersfinancial regulation
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SEC Proposes Expanding Securities Eligible for Cross Trading by Registered Funds
Chairman Paul S. Atkins and Commissioner Mark T. Uyeda each issued statements on the proposed amendments to the Investment Company Act cross-trading rule, which is subject to public comment before any changes are finalized.
BusinessPolitics and GovernmentUSAFinancial MarketsFederal GovernmentLegal SECPaul S. AtkinsInvestment Company Cross TradingProposed AmendmentsSecurities and Exchange CommissionFinancial RegulationMark T. Uyedacross-trading rulesSEC speeches and statementsInvestment Company Actcross-trading ruleregistered fundssecurities regulationmutual funds
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SEC Chairman Atkins to Discuss Future of U.S. Capital Markets at Metro Atlanta Chamber of Commerce
SEC Chairman Paul S. Atkins will visit the Metro Atlanta Chamber of Commerce on Oct. 15 for a fireside chat with ICE Chairman and CEO Jeffrey C. Sprecher about the future of U.S. capital markets.
BusinessPolitics and GovernmentUSAFederal GovernmentFinancial MarketsEconomy SECPaul S. AtkinsMetro Atlanta Chamber of CommerceJeffrey C. SprecherIntercontinental ExchangeU.S. capital marketsPublic Appearances by Officials
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SEC Chairman Atkins Issues Statement on Proposal Addressing Crypto Asset Custody
SEC Chairman Paul S. Atkins has released a statement on a proposal to address the custody of crypto assets under the Investment Advisers Act and the Investment Company Act.
BusinessPolitics and GovernmentUSAFederal GovernmentFinancial MarketsLegalEconomy SECPaul S. AtkinsCrypto AssetsCustodyInvestment Advisers ActInvestment Company ActWashington DC
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SEC's Division of Examinations Announces New Exam Handbook
The SEC's Division of Examinations published a new handbook replacing its previous examination brochure, offering a practical guide on process and engagement for the firms it examines.
BusinessPolitics and GovernmentUSAFederal GovernmentFinancial MarketsLegalBanking SECDivision of ExaminationsSEC Exam HandbookSecurities and Exchange CommissionFinancial RegulationExam Handbook
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SEC Staff Issue Statement on Trump Accounts
The SEC's Divisions of Investment Management and Corporation Finance have posted a joint staff statement on Trump Accounts, newly available in the agency's Speeches and Statements section.
BusinessPolitics and GovernmentUSAFederal GovernmentFinancial MarketsLegal SECTrump AccountsDivision of Investment ManagementDivision of Corporation FinanceSecurities and Exchange CommissionStaff Statement
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SEC's Uyeda Issues Statement on Proposed Amendments to Adviser Performance-Based Compensation, Interval Fund Modernization, and Multiple Share Class Rules
SEC Commissioner Mark T. Uyeda has released a statement on proposed amendments covering adviser performance-based compensation, interval fund modernization, and multiple share class rules for closed-end funds and BDCs.
BusinessPolitics and GovernmentUSAFinancial MarketsFederal GovernmentLegalEconomy SECMark T. UyedaInterval Fund ModernizationClosed-End FundsBusiness Development CompaniesPerformance-Based CompensationMultiple Share Class Rules
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SEC Charges Meyer Global Management and CEO Owen Meyer With Defrauding Retail Investors in Pre-IPO Funds
The SEC has charged private fund adviser Meyer Global Management and CEO Owen E.H. Meyer with defrauding investors in funds holding interests in SpaceX and other pre-IPO securities.
BusinessLaw EnforcementUSAFinancial MarketsLegalBanking SECMeyer Global ManagementOwen E.H. MeyerSpaceXpre-IPO securitiesprivate fundsretail investors
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SEC Charges Two Individuals With Orchestrating Fraud Scheme That Targeted Veterans
The SEC has charged Christopher Kenji Dinelli and Jacob David "Kobe" Frankel over an alleged fraud scheme that raised more than $8.7 million from 35 investors through their fund, Beyond.
Law EnforcementBusinessUSALegalFinancial MarketsMilitary SECChristopher Kenji DinelliJacob David Frankelfraud schemeveteransBeyond fundSecurities and Exchange Commission
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SEC Charges Entities in $15 Million Investment Confidence Scams Run via WhatsApp
The SEC charged multiple entities, likely run by individuals overseas, over investment confidence scams that defrauded hundreds of retail investors, including many in the U.S., of at least $15 million.
BusinessLaw EnforcementUSAFinancial MarketsLegalComputers and Internet SECSecurities and Exchange Commissioninvestment confidence scamsWhatsAppfraud schemesretail investorsSecurities fraud
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SEC Chairman Atkins Issues Statement on Proposals to Rescind Rule 14a-8, Amend Rule 14a-4 and Modernize Proxy Solicitation
SEC Chairman Paul S. Atkins has released a statement on proposals to rescind Rule 14a-8, amend Rule 14a-4 and modernize proxy solicitation, posted to the agency's speeches and statements page.
BusinessPolitics and GovernmentUSAFederal GovernmentFinancial MarketsLegalEconomy SECPaul S. AtkinsRule 14a-8Rule 14a-4Proxy SolicitationSecurities RegulationShareholder Proposals
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SEC Charges Founder and Two New Jersey Companies in Alleged $16 Million Ponzi Scheme
The SEC has charged Ernest Ossei Boateng and two New Jersey-based companies he controls with allegedly raising about $16 million from more than 200 investors in a Ponzi scheme.
BusinessLaw EnforcementUSAFinancial MarketsLegalBanking SECPonzi schemeErnest Ossei BoatengIntercontinental Wealth Network LLCI Wealth Network LPNew JerseySecurities fraud
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SEC Posts Chairman Atkins' Remarks From Investor Advisory Committee Meeting
The Securities and Exchange Commission has posted remarks by Chairman Paul S. Atkins from an Investor Advisory Committee meeting, saying the speech is now available.
BusinessPolitics and GovernmentFinancial MarketsFederal GovernmentLegal Securities and Exchange CommissionPaul S. AtkinsInvestor Advisory CommitteeSECSpeeches and StatementsChairman
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Media Monitor: Wall Street Journal Editorial Board Addresses California Climate Policy, SEC Rule, and Political Speech
The Wall Street Journal Editorial Board is reporting on Congress's power to stop California's energy policy, the SEC's rescission of an Obama-era rule, and Europe's stance on Israel.
Politics and GovernmentBusinessScience & TechnologyWorldGeneral PoliticsEconomyArtificial IntelligenceMiddle EastElection CaliforniaClimate PolicySECPolitical SpeechIsraelDonald TrumpEducationWall Street Journal Editorial Board
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SEC Commissioner Peirce Addresses Pay-to-Play Rule Rescission
SEC Commissioner Hester M. Peirce has released a statement, "First Amendment Sense and Sensibilities," discussing the proposed rescission of the pay-to-play rule. The statement is now available on the SEC's newsroom.
Politics and GovernmentBusinessFederal GovernmentEconomyLegal Hester M. PeirceSECPay-to-Play RuleRescissionFirst AmendmentFinancial RegulationSecurities
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SEC Chairman Atkins Comments on 'Pay-to-Play' Rule Rescission Proposal
SEC Chairman Paul S. Atkins has issued a statement concerning a proposal to rescind the 'Pay-to-Play' rule. This development from the Securities and Exchange Commission highlights ongoing regulatory discussions.
BusinessPolitics and GovernmentFederal GovernmentFinancial MarketsLegalEconomy SECPaul S. AtkinsPay-to-Play RuleRescissionFinancial RegulationSecurities and Exchange CommissionGovernment
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SEC Investor Advisory Committee to Address AI in Public Markets
The SEC's Investor Advisory Committee will meet on September 10 in Washington D.C. to discuss artificial intelligence technologies in public markets and the SEC's response to these advancements.
BusinessPolitics and GovernmentScience & TechnologyFederal GovernmentFinancial MarketsArtificial IntelligenceEducation SECInvestor Advisory CommitteePublic MarketsWashington D.C.Financial RegulationMeeting
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SEC Charges Bay Area Fund Executives in Multimillion-Dollar Ponzi-Like Scheme
The SEC has charged Mark D. Hanf and Hoai-Nam Chu Phan, former executives of Pacific Private Money Group LLC, with orchestrating a multimillion-dollar Ponzi-like offering fraud in the San Francisco Bay Area.
BusinessLaw EnforcementEconomyFinancial MarketsLegalFederal Government SECMark D. HanfHoai-Nam Chu PhanPonzi SchemeOffering FraudPacific Private Money GroupSan Francisco Bay Area
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SEC Proposes Modernizing Rules for Transfer Agents
The SEC has proposed modernizing rules for registered transfer agents. These agents are vital to the national clearance and settlement system, and the updates reflect their evolving and diverse functions.
BusinessPolitics and GovernmentLegal Securities and Exchange CommissionSECTransfer AgentsFinancial RegulationNational Clearance and Settlement SystemRule ModernizationFinancial Services
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SEC Commissioner Peirce Issues Statement on Proposed Transfer Agent Rules
SEC Commissioner Hester M. Peirce has released a statement titled 'Time to Transfer,' addressing proposed rules for transfer agents. The statement is now available on the SEC's newsroom.
BusinessPolitics and Government Securities and Exchange CommissionHester M. PeirceTransfer Agent RulesFinancial RegulationSECStatement
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SEC Commissioner Uyeda Comments on Proposed Transfer Agent Rule Amendments
Commissioner Mark T. Uyeda of the Securities and Exchange Commission has issued a statement concerning proposed amendments to the SEC’s Transfer Agent Rules. This new information, detailing potential regulatory changes, is now accessible on the SEC's official newsroom.
BusinessPolitics and GovernmentFederal GovernmentFinancial MarketsLegal Securities and Exchange CommissionSECMark T. UyedaTransfer Agent RulesRegulatory AmendmentsFinancial RegulationGovernment
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Regulators Push Back Form PF Compliance to July 2027
The CFTC and SEC have jointly extended the compliance deadline for Form PF amendments from October 2026 to July 2027. This provides more time for investment advisers to private funds, including CPOs and CTAs, to meet new reporting requirements.
BusinessPolitics and GovernmentFederal GovernmentFinancial MarketsLegalEconomy CFTCSECForm PFComplianceInvestment AdvisersPrivate FundsFinancial Regulation
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SEC Chairman Atkins Issues Statement on 2024 Form PF Amendments Extension
SEC Chairman Paul S. Atkins has released a statement on the extension of 2024 Form PF Amendments. The new information from the Securities and Exchange Commission is now publicly available, detailing the latest updates.
BusinessPolitics and GovernmentFinancial MarketsFederal GovernmentLegalEconomy Securities and Exchange CommissionSECPaul S. AtkinsForm PF AmendmentsExtensionFinancial RegulationStatements
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SEC Charges 38 Entities Over False Filings to Lure Investors
The SEC has charged 38 entities for allegedly making false filings in Forms ADV between 2025 and 2026. These firms are accused of misrepresenting themselves as legitimate U.S. advisory firms to attract retail investors.
BusinessPolitics and GovernmentLaw EnforcementFederal GovernmentEconomyFinancial MarketsLegal SECInvestment AdvisersFalse FilingsRetail InvestorsFraudForms ADVSecurities Regulation
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SEC Warns Investors of Scammers Using ERA Filings for Fraud
The SEC's Office of Investor Education and Assistance warns investors about scammers using exempt reporting adviser (ERA) filings to appear legitimate. These fraudsters are luring individuals into advance fee fraud and other schemes, urging caution.
BusinessPolitics and GovernmentLaw EnforcementEconomyFinancial MarketsLegalFederal Government SECInvestor AlertScamsExempt Reporting AdviserERA filingsAdvance Fee FraudInvestor Education
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SEC Clarifies Fund Distributions and Investor Impact
The SEC's OIEA explains fund distributions, detailing how they are paid, their impact on investment value and taxes, and warning investors not to confuse distributions with fund performance, especially concerning return of capital.
BusinessEconomyFinancial MarketsLegalEducation SECOffice of Investor Education and AssistanceFund DistributionsInvestment FundsReturn of CapitalNet Asset ValueTaxation
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SEC Charges Former Tricolor Executives with Fraud in $1.9 Billion Collapse
The SEC has charged former Tricolor Holdings executives Daniel Chu, Jerome Kollar, and Ameryn Seibold with fraud. The charges relate to an alleged multi-year scheme that contributed to the subprime auto lender's $1.9 billion collapse.
BusinessLaw EnforcementPolitics and GovernmentEconomyFinancial MarketsLegalFederal Government SECTricolor HoldingsDaniel ChuJerome KollarAmeryn SeiboldFraudSubprime Auto Lender
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SEC Commissioner Peirce Addresses Crypto Asset Regulation
SEC Commissioner Hester M. Peirce has issued a new statement, "Filling the Regulatory Tank: Regulation Crypto Assets Proposing Release," offering insights into potential regulatory frameworks for digital assets. This contributes to the ongoing discussion on crypto regulation.
BusinessPolitics and GovernmentScience & TechnologyFederal GovernmentEconomyComputers and InternetLegal Securities and Exchange CommissionSECHester M. PeirceCrypto AssetsRegulationDigital CurrencyFinancial Regulation
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SEC Proposes New Regulatory Framework for Crypto Assets
The SEC has proposed "Regulation Crypto Assets" to create a clear framework for investment contracts involving crypto assets. This move aims to provide regulatory clarity for the evolving digital asset market.
Politics and GovernmentBusinessFederal GovernmentEconomyFinancial MarketsLegal SECCrypto AssetsFinancial RegulationInvestment ContractsCryptocurrencyRegulatory Framework
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SEC Commissioner Uyeda Issues Statement on Crypto Asset Regulation
SEC Commissioner Mark T. Uyeda has released a statement on the regulation of crypto assets. This new information from the Securities and Exchange Commission underscores the agency's continued attention to digital currency oversight and its implications for financial markets.
BusinessPolitics and GovernmentFederal GovernmentFinancial MarketsEconomyLegal SECMark T. UyedaCrypto AssetsRegulationSecurities and Exchange CommissionFinancial Services