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Results 1 - 10 of 138 |
Posted Date: Friday, August 23, 2024
The Securities and Exchange Commission announced charges against 26 broker-dealers, investment advisers and those dually-registered for widespread failures by the firms and their personnel to maintain and preserve electronic communications. Read on »
Posted Date: Friday, March 1, 2024
A Florida district court ruled on a class action lawsuit against United Wholesale Mortgage and its CEO Mathew Ishbia alleging anticompetitive practices in the wholesale lending market. The case centers on UWM’s ultimatum prohibiting partner brokers from doing business with Rocket Mortgage or Fairway Independent Mortgage. Read on »
Posted Date: Friday, March 1, 2024
The Securities and Exchange Commission recently issued $81 million in total fines against 16 financial firms for widespread recordkeeping failures. Examiners determined employees, including some in senior leadership, engaged in “off-channel” communications and the mishandling of electronic correspondence. Read on »
Posted Date: Tuesday, January 16, 2024
Morgan Stanley and a former executive were charged with fraud and failure to enforce policies and procedures related to confidential information in a $249 million settlement with the Securities and Exchange Commission. Read on »
Posted Date: Friday, October 20, 2023
The Securities and Exchange Commission’s Division of Examinations
recently published its 2024 Examination Priorities, which is a report
intended to inform investors and registered entities about the primary risks,
examination topics and areas of focus for the upcoming year.
These examinations will place particular emphasis on emerging
risks which could impact investors and the financial markets while also
addressing ongoing areas of concern. Read on »
Posted Date: Friday, October 13, 2023
The Securities and Exchange Commission (SEC) adopted changes
to its rules governing the beneficial ownership of stocks, shortening the
reporting timeline for certain investors, among other changes. The rule
revisions align with the SEC’s previously announced efforts to adapt
long-standing requirements to modern marketplace conditions. Read on »
Posted Date: Friday, June 30, 2023
The U.S. Securities and Exchange Commission obtained a preliminary injunction in federal court freezing the assets of and granting additional emergency relief against Legend Venture Partners LLC, a New York City-based unregistered broker-dealer, in connection with a fraudulent scheme to sell interests in private companies prior to its initial public offering.
Read on for more details. Read on »
Posted Date: Friday, June 16, 2023
The Federal Trade Commission brought action against a Florida-based online business that offered allegedly fraudulent real estate investment training targeted to primarily Spanish-speaking consumers.
Read on for more details. Read on »
Posted Date: Tuesday, June 13, 2023
The U.S. Supreme Court issued a unanimous decision in Slack Technologies, LLC v. Pirani, holding that, under Section 11 of the Securities Act of 1933, plaintiffs must plead and prove that they purchased securities that were traceable to the registration statement that plaintiffs claim contained a material misstatement or omission.
Read on for more details. Read on »
Posted Date: Tuesday, June 13, 2023
The Securities and Exchange Commission finalized its rule amendment removing references to credit rating from existing exceptions provided in Rule 101 and Rule 102 of Regulation M, which consists of rules that prohibit activities that could artificially influence the market for offered securities.
Read on for more details. Read on »
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