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updated Fri. October 25, 2019

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The Securities and Exchange Commission calls its new investor protection proposal a best-interest rule, but it could also be dubbed fiduciary lite. ... Thomas Doellman, assistant professor of finance at St. Louis University, said that if the SEC clarified some aspects of the rule, it had the potential to provide ...
In a comprehensive letter to Congresswoman Carolyn Maloney (D-NY) obtained by Yahoo Finance, SEC Chair Jay Clayton gave shareholder advocates causes for both relief and concern about whether the agency will make it harder for investors to sue public companies. Clayton clarified how the agency ...

SEC football news never stops. So join us for SEC Country Live every Monday-Thursday at 3 p.m. ET! Host Brandon Adams and former Alabama All-American Mike Johnson break down everything you need to know in the SEC football world with news, analysis and so much more. Join the conversation on ...
Liberty, his wife, his Portland lawyer, a cousin, the cousin's friend and four shell companies were all charged in a 66-page complaint filed by the Securities and Exchange Commission in federal court in Maine. It alleges that Liberty and his associates “engaged in a long-running fraudulent scheme using ...
Michael Liberty, the founder of unicorn fintech startup Mozido Inc., has been charged by the Securities and Exchange Commission with a scheme to defraud investors. The SEC alleges Liberty and others, including his with Brittany Liberty and attorney George Marcus, tricked "hundreds of investors" in his ...
With help from CipherTrace, the US Securities and Exchange Commission (SEC) may soon enhance its cryptocurrency monitoring. ... Long-time readers may remember that the SEC previously employed investigative blockchain firm Chainalysis, so the forthcoming SEC-CipherTrade partnership should ...

According to the SEC, Sharma and Farkas claimed the company would offer a variety of financial products, including a debit card backed by Visa and MasterCard, with which users could instantly convert cryptocurrencies into US dollars and other legal tender. The SEC says that no such agreement or ...
The Securities and Exchange Commission (SEC) announced news on Monday (April 2) that it charged Michael Liberty, the founder of Mozido, the FinTech startup, with scamming investors out of their money. According to a press release issued by the SEC, the regulator contends Liberty engaged in a scam to trick hundreds ...
Trading of digital assets using cryptocurrency and digital tokens has grown exponentially in recent years, and the Securities and Exchange Commission is taking note: The agency's compliance examiners have added burgeoning online trading transactions to their priority list in 2018 as they keep a lookout ...
There amidst attorneys from various government agencies, including the SEC, the CEO of blockchain startup Sweetbridge and long-time logistics tech specialist was prepared to discuss his company's forthcoming initial coin offering (ICO). The lawyers on his team had tried to persuade him not to go.
The Securities and Exchange Commission entered a default judgment against DaRayl D. Davis, a self-styled "financial coach" who took $5 million from church ... Mr. Davis, a Maryland resident, was a registered representative and investment adviser from 2005 though 2008, according to the SEC complaint.
Cboe Global Markets, the first to launch bitcoin futures, would like the Securities and Exchange Commission to allow cryptocurrency exchange-traded funds. "Cboe encourages the Commission to approach Cryptocurrency ETPs [exchange-traded products] holistically and from the same perspective that it ...
According to the SEC, some retirement account customers were disadvantaged by the firm's failure to determine the availability of less expensive mutual fund share classes. Ameriprise also didn't disclose it would be compensated better for its more expensive recommendations or that the purchases would ...
Rumors seem to be feeding rumors as it relates to a spate of subpoenas sent out recently to initial coin offering (ICO) issuers by the U.S. Securities and Exchange Commission (SEC). At press time, it's unclear when or whether the 80 or so subpoenas (or maybe it's 200) were sent out; or which group of ...
It has been seven years since the Securities and Exchange Commission first advised public companies to tell investors if they had suffered a cyberattack deemed to be material. But even with the rising number of severe hacks, only a few companies report incidents each year to the S.E.C.. Now the S.E.C. ...
Agatha Christie's fictional sleuth Miss Marple once said in a BBC adaptation that “good advice is almost certain to be ignored, but that's no reason for not giving it.” That may reflect how companies will respond to guidance recently issued by the Securities and Exchange Commission about how companies ...
The Securities and Exchange Commission has launched a broad investigation into the companies and financial professionals behind many recent initial coin offerings, or ICOs. The investigation was first reported by the Wall Street Journal and independently confirmed by NPR. According to the Journal, the ...

11 Tennessee for second place in the SEC behind undefeated No. 2 Mississippi State. Alabama beat Tennessee 72-63 Thursday night, leaving South Carolina alone in second place. Alexis Jennings had 19 points and Bianca Jackson had 13 for South Carolina. Taja Cole led Georgia (21-5, 9-4) with 12 ...
Now a top official at the U.S. Securities and Exchange Commission wants to prevent the next generation of tech powerhouses from following suit. When going public, many companies have issued special share classes that give founders more power to pick board members and decide whether the business ...
The Securities and Exchange Commission tapped Kyle Moffatt, a former audit manager at Ernst & Young, as chief accountant in the SEC's Division of Corporation Finance. Moffatt has been acting chief accountant since last month, succeeding Mark Kronforst (see Corp Fin chief accountant Kronforst to leave ...
The Securities and Exchange Commission this week said investment advisory firms will get a pass on fines if they come clean about failing to disclose conflicts of interest when they bought high-fee shares of mutual funds for clients. They would also need to reimburse clients for those higher fees and any ...
The Securities and Exchange Commission suspended trading on Friday in Cherubim Interests, Inc. CHIT, -25.00% PDX Partners, Inc. PDXP, -8.16% and Victura Construction Group, Inc. VICT, +4.55% because of questions surrounding similar statements they made about the acquisition of cryptocurrency ...
In a speech on Thursday, senior Democratic regulator Robert Jackson Jr. said that companies should be forced to eliminate special classes of stock that give founders greater voting power after a limited number of years because they breed “corporate royalty.” The SEC commissioner argued that while ...
The Securities and Exchanges Commission rejected the sale of the Chicago Stock Exchange to a group that includes Chinese investors, the Wall Street Journal reported late Thursday. In August, the SEC said it was reconsidering the sale after staff recommended the $20 million deal. Critics, both ...
However, the Securities and Exchange Commission (SEC) said on Thursday that it could not go through as it did not comply with rules on ownership and voting limitations. The regulator said the exchange didn't have enough access to key information about the new owners' funding and relationships, so it ...
The 2018 NFL Draft is right around the corner, which means the SEC is close to ushering in another round of top-tier talent to the NFL. That's according to NFL.com's Charley Casserly 2018 NFL mock draft. Casserly predicts 11 players from the SEC will hear their names called in the first round of April's NFL ...
Rep. Charles Young, D-Meridian, reads from the Mississippi legislature's joint rules and constitutional provisions of the Mississippi Senate and House, regarding possession of a weapon of a firearm while in the Capitol prior to holding up an unloaded semi-automatic pistol during a debate in the House ...
FAYETTEVILLE, Ark. – As the regular season comes to an end, the Arkansas swimming and diving team turns its attention to championship action starting Wednesday, as the Razorbacks are in College Station, Texas, for the 2018 SEC Swimming and Diving Championships. The five-day event will run ...
The U.S. Securities and Exchange Commission is investigating Miami Gardens to determine whether city officials violated federal laws in connection ... Using the state's public records law, Florida Bulldog obtained city documents detailing the non-public investigation, including SEC letters asking the city to ...
A financial advisory services company that has had extensive dealings with municipalities across Mississippi — including the metro Jackson area — defrauded the city of Rolling Fork, the Securities and Exchange Commission says. In a complaint filed in the U.S. District Court for the Southern District of ...
The Securities and Exchange Commission on Monday launched an initiative to waive fines against investment advisers who come forward and admit that they ... In December, the SEC filed a complaint against a Connecticut investment adviser who invested clients' money in mutual fund share classes with ...
The Securities and Exchange Commission on Monday requested a $1.66 billion budget for fiscal year 2019, a 3.5% increase over the agency's 2018 request, which would allow the securities regulator to restore 100 positions lost during the 2017 hiring freeze. The agency's annual appropriations has ...
The Securities and Exchange Commission has barred former Merrill Lynch broker Thomas J. Buck from the brokerage and investment advisory ... In a complaint filed in October, the SEC said that from 2012 through March 2015, Mr. Buck received more than $2.5 million in excessive commissions and fees ...
The Office of Compliance Inspections and Examinations (OCIE) of the Securities and Exchange Commission has announced its examination priorities for 2018. This year, the OCIE's examination priorities fall within the following categories: examining compliance and risks in critical market infrastructures; ...
The SEC made clear that its offer to waive financial penalties does not apply to advisors who fail to come forward voluntarily. The agency will “continue to proactively seek to identify and pursue investment advisers that fail to make the necessary disclosures,” says Steven Peikin, co-director of the SEC's ...
The Securities and Exchange Commission (SEC) should give past initial coin offering (ICO) organizers the chance to seek remediation in light of possible violations, according to a petition filed with the agency last month. The petition was penned by Liquid M Capital, a broker-dealer and fintech firm ...
The Division of Enforcement of the Securities and Exchange Commission (SEC) announced a new self-reporting initiative that “seeks to protect advisory clients from undisclosed conflicts of interest and return money to investors.” Under the newly announced Share Class Selection Disclosure Initiative, ...
After rebuffing plans for exchange traded funds tied to the volatile digital currency, the Securities and Exchange Commission (SEC) is moving to increase its oversight of bitcoin. “For the first time ever, the SEC's Office of Compliance Inspections and Examinations put cryptocurrencies and initial coin offerings ...
I know I just used this opening line a few posts ago, but 2017 was truly a remarkable year in SEC enforcement. The previous year saw existential constitutional challenges to administrative enforcement, and the Supreme Court dealt a major blow to Commission requests for disgorgement in Kokesh v. SEC.
Yesterday, the SEC Office of Compliance Inspections and Examinations (OCIE) announced its 2018 examination priorities, released in order to “improve compliance, prevent fraud, monitor risk, and inform policy.” OCIE announced five priorities, with Anti-Money Laundering (“AML”) programs being one of ...
Industry experts and pundits took to social media platforms, posting updates from the hearing which saw CFTC Chair Christopher Giancarlo and SEC Chair Jay Clayton make some highly influential statements about the current stance towards the overall cryptocurrency and Blockchain space.
On Tuesday, Feb. 6, Securities and Exchange Commission (SEC) chair Jay Clayton and Commodity Futures Trading Commission (CFTC) chair J. Christopher Giancarlo testified before the Senate's Banking, Housing and Urban Affairs committee. The hearing generally led to relief in cryptocurrency markets: ...
Securities and Exchange Commission Chairman Jay Clayton said in testimony before the committee that virtual currency markets are initial coin offerings, or ICOs, that are trading globally, largely outside the scope of regulatory scrutiny. While embracing innovation, the agency wants to ensure that Main ...
As governments and regulatory agencies around the world threaten regulation to limit cryptocurrencies, the heads of the two biggest trading venues in the United States maintained a largely conciliatory posture towards them. In their Congressional testimonies to discuss cryptocurrency regulation, SEC ...
California officials are downplaying the risks of climate change to bond investors while citing those same risks as the basis for a lawsuit against oil companies, according to a conservative think tank that has asked securities regulators to investigate. The Washington-based Competitive Enterprise Institute ...
“13 of the 14 SEC football teams elected to play a spring game this year.” Guess who that 1 that didn't elect to play a spring game was? Yep, Vanderbilt. Only... this is all about semantics. Vanderbilt will be holding a “spring showcase” on March 25, which is the last practice of the spring, open to the public, ...
383 Total shares. Crypto Market Sees Slight Rebound During SEC, CFTC Hearings. News. The crypto markets have seen a slight uptick Tuesday, Feb. 6, after Monday's sharp decline. This slight market rebound could be attributed to the Securities and Exchange Commission (SEC) and Commodity Futures ...
But if officials had sought to really make a splash, they would have undoubtedly preferred to finally declare a resolution on the long-running Securities and Exchange Commission case, which dating back to at least the 2014 event had been the source of optimistic speculation. “Where are we with that?
Professor Aaron Wright of Cardozo Law, who serves as chairman of the Enterprise Ethereum Alliance legal industry working group, commenting on the Securities and Exchange Commission's increased interest in the attorneys who have guided cryptocurrency companies through the “regulatory gray areas” ...
The written testimony from Jay Clayton, chairman of the United States Securities and Exchange Commission (SEC), was released on February 5, 2018. It comes ahead of the chairman's oral testimony before the U.S. Senate Committee on Banking, Housing and Urban Affairs on February 6, 2018, on the ...


 

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