FOR IMMEDIATE RELEASE 2017-99 Washington D.C., May 11, 2017— Public companies must properly disclose perks, benefits, and other forms of compensation paid to CEOs and certain other highly compensated executive officers.  The Securities and Exchange Commission today announced that the former CEO of a marketing company has agreed to pay $5.5 million to settle charges…

FOR IMMEDIATE RELEASE 2017-98 Washington D.C., May 10, 2017— The Securities and Exchange Commission today announced an enforcement action requiring Barclays Capital to refund advisory fees or mutual fund sales charges to clients who were overcharged. In a settlement of more than $97 million, Barclays agreed to settle three sets of violations that resulted in…

FOR IMMEDIATE RELEASE 2017-96 Washington D.C., May 9, 2017— The Securities and Exchange Commission today charged a former employee with securities fraud in connection with his trading of options and other securities. The SEC’s complaint alleges that David R. Humphrey, who worked at the SEC from 1998 to 2014, concealed his personal trading from the…

FOR IMMEDIATE RELEASE 2017-93 Washington D.C., May 4, 2017— The Securities and Exchange Commission today announced that a New Jersey-based firm and its CEO have agreed to pay more than $4 million to settle charges that they used new investor money to repay earlier investors in Ponzi-like fashion and tapped investor funds for the CEO’s…

FOR IMMEDIATE RELEASE 2017-92 Washington D.C., May 3, 2017— The U.S. Securities and Exchange Commission staff today published a suite of new data and analyses of private fund statistics and trends. The Private Funds Statistics, released quarterly since October 2015 by the Division of Investment Management’s Risk and Examinations Office, offers investors and other market…

FOR IMMEDIATE RELEASE 2017-91 Washington D.C., May 3, 2017— Cybersecurity, investing by seniors, and other regulatory topics of interest will be discussed when the Securities and Exchange Commission and Financial Industry Regulatory Authority (FINRA) hold their National Compliance Outreach Program for Broker-Dealers on July 27. Registration opened today for the program, which is designed to…

FOR IMMEDIATE RELEASE 2017-90 Washington D.C., May 2, 2017— The Securities and Exchange Commission today announced that a company insider has earned a whistleblower award of more than $500,000 for reporting information that prompted an SEC investigation into well-hidden misconduct that resulted in an SEC enforcement action. “This company employee saw something wrong and did…

FOR IMMEDIATE RELEASE 2017-89 Washington D.C., May 2, 2017— Going public has helped many companies grow and create jobs, so why has the number of initial public offerings (IPOs) decreased in recent years? What are the consequences of this trend on investors? The U.S. Securities and Exchange Commission and New York University’s Salomon Center will…

FOR IMMEDIATE RELEASE 2017-88 Washington D.C., May 1, 2017— The Securities and Exchange Commission today announced that a South Korea-based semiconductor manufacturer and its former CFO have agreed to settle charges related to an accounting scheme to artificially boost revenue and manipulate the financial results reported to investors. The SEC’s order finds that MagnaChip Semiconductor…

FOR IMMEDIATE RELEASE 2017-87 Washington D.C., April 28, 2017— The Securities and Exchange Commission today announced that an Idaho man has agreed to pay back several million dollars he siphoned away for personal use rather than investing it as promised to create U.S. jobs through the EB-5 Immigrant Investor Program. The SEC alleges that Serofim…