LAN Airlines Settles FCPA Charges FOR IMMEDIATE RELEASE 2016-151 Washington D.C., July 25, 2016 — The Securities and Exchange Commission today announced that South American-based LAN Airlines has agreed to pay more than $22 million to settle parallel civil and criminal cases related to improper payments it authorized during a dispute between the airline and its…

Kurt Gottschall Named Associate Regional Director in the SEC’s Denver Regional Office FOR IMMEDIATE RELEASE 2016-145 Washington D.C., July 20, 2016 — The Securities and Exchange Commission today announced that Kurt L. Gottschall has been named the Associate Regional Director for enforcement in the Denver office. Mr. Gottschall began working as a staff attorney in the…

The SEC Proposed Changes to the Definition of a Smaller Reporting Company On June 27, 2016, the SEC issued proposed rule amendments that would increase the financial thresholds in the definition of smaller reporting company as used in the SEC’s rules and regulations. If adopted, the proposal would expand the number of registrants that qualify…

SEC Charges Investment Adviser With Failing to Clearly Disclose Additional Costs to Investors FOR IMMEDIATE RELEASE 2016-143 Washington D.C., July 14, 2016 — The Securities and Exchange Commission today announced an enforcement action against an investment advisory firm that failed to properly prepare clients for additional transaction costs beyond the “wrap fees” they pay to cover…

Remarks at the FINRA Foundation 2015 National Financial Capability Study Release Chair Mary Jo White Washington, DC July 12, 2016 Thank you for inviting me to help mark the release of the results of the 2015 National Financial Capability Study — and a special thank you to Rick Ketchum, the FINRA Foundation, the Treasury Department,…

FOR IMMEDIATE RELEASE 2016-138 Washington D.C., July 12, 2016 — The Securities and Exchange Commission today announced that Citigroup Global Markets has agreed to pay a $7 million penalty and admit wrongdoing to settle charges that a computer coding error caused the firm to provide the agency with incomplete “blue sheet” information about trades it…

Notice to Form N-MFP Filers 07/11/2016 11:45 AM EDT   Date of Notice: July 11, 2016 The Form N-MFP technical specifications have been updated to incorporate the amendments to the form adopted by the Commission on September 16, 2015.[1][2] The draft technical specification, “Draft Form N-MFP2 XML Technical Specification,” is available at https://www.sec.gov/info/edgar/tech-specs. Filers should…

SEC Proposes Rule Requiring Investment Advisers to Adopt Business Continuity and Transition Plans Reflects Commission’s Latest Action to Enhance Regulatory Safeguards in the Asset Management Industry FOR IMMEDIATE RELEASE 2016-133 Washington D.C., June 28, 2016 —The Securities and Exchange Commission today proposed a new rule that would require registered investment advisers to adopt and implement…

This is from the SEC’s website. Sept. 24, 2014 The SEC’s Office of Investor Education and Advocacy is issuing this Investor Bulletin to educate investors about investing in unregistered securities offerings, or private placements, under Regulation D of the Securities Act.  What is a private placement? A securities offering exempt from registration with the SEC…

FOR IMMEDIATE RELEASE 2016-129 Washington D.C., June 23, 2016 —The Securities and Exchange Commission today announced that Merrill Lynch has agreed to pay a $10 million penalty to settle charges that it was responsible for misleading statements in offering materials provided to retail investors for structured notes linked to a proprietary volatility index. According to…

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