21,177 results found

On November 17, Bank of America and Merrill Lynch settled securities claims brought by the FDIC related to RMBS sold to United Western Bank.

A bank settled SEC charges in connection with overcharging mutual funds and registered investment company clients for expenses relating to the custody of client assets.

BNY Mellon agreed to pay $3 million to resolve a Massachusetts Securities Division investigation into a failure of its accounting system after an upgrade in 2015 led to inaccurate mutual fund pricing.

A broker-dealer settled charges with FINRA for failing to maintain a system of supervisory control procedures that would have assured compliance with FINRA rules.

A broker-dealer settled FINRA charges that it failed to immediately execute, route or display customer limit orders in OTC securities that would lock or cross the market,

The article reviews the Securities and Exchange Commission's enforcement actions against public companies and highlights key considerations for public companies responding to comment letters from the SEC's Division of Corporate Finance.

On September 13, 2018, the SEC withdrew two no-action letters issued in 2004 to two proxy advisory firms.

Chairman Hensarling offered an amendment to a transportation and transportation bill, which includes a number of JOBS Act and other capital formation related bills that had received bipartisan support.

On August 26, Judge Mariana R. Pfaelzer of the U.S. District Court for the Central District Court of California dismissed with prejudice a suit brought by the Federal Deposit Insurance Corporation against Countrywide Securities Corporation, Countrywide Financial Corporation, Bank of America Corporation, Deutsche Bank Securities, Inc. and Goldman, Sachs & Co.

Kimberly Hamm, Chief Council to former SEC Chair Jay Clayton, will step down in the coming weeks.

Yesterday, the SEC proposed amendments to eliminate redundant, overlapping, outdated, or superseded provisions, in light of subsequent changes to SEC disclosure requirements, U.S. GAAP, IFRS and technology.

In a recent speech, NASAA President Heath Abshure, while expressing support for increased access to capital formation, noted NASAA’s concerns about civil remedies for investors, including investors that participate in crowdfunding.

Jay Clayton was sworn in on May 4 as Chairman of the US Securities and Exchange Commission, following his confirmation by the Senate on May 2 by a 61 to 37 vote.

Comments on the proposed amendments must be submitted by December 14, 2021.

The SEC published in the Federal Register proposed rule changes to reporting requirements for security-based swap ("SBS") transactions. Comments on the proposal are due by March 21, 2022.

According to an SEC Order and Complaint, Barrett Business Services, Inc., through its former CFO, engaged in a number of fraudulent accounting practices to conceal negative trends in BBSI's workers' compensation exposure.

The need to detect and investigate reported allegations of wrongdoing within a corporation has long been a fact of corporate life.

On December 6, 2016, the SEC announced that Keith F. Higgins, Director of the SEC's Division of Corporation Finance, plans to leave the SEC in early January.