By
Kyle Brasseur2023-10-10T19:33:00
The Securities and Exchange Commission (SEC) finalized its rule proposal to cut in half the timeline allowed for market participants to file initial beneficial ownership information with the agency.
The rule, adopted Tuesday, shortens the deadline for those who own more than 5 percent of a company to inform the public of their position from 10 days to five days.
“In our fast-paced markets, it shouldn’t take 10 days for the public to learn about an attempt to change or influence control of a public company,” said SEC Chair Gary Gensler in a press release.
2024-03-04T17:27:00Z By Jeff Dale
New York-based investment adviser HG Vora Capital Management agreed to pay $950,000 to settle charges levied by the Securities and Exchange Commission alleging failure to report beneficial ownership regarding its stake at trucking transport company Ryder System.
2023-10-16T20:52:00Z By Aaron Nicodemus
SEC examiners will be asking tough questions of registered firms regarding how they handle risks related to operational security, interact with financial technology companies and crypto assets, and the maturity of their anti-money laundering programs.
2023-09-27T20:13:00Z By Kyle Brasseur
The Financial Crimes Enforcement Network announced a notice of proposed rulemaking to extend the deadline for companies created or registered in 2024 to file their initial beneficial ownership information reports.
2025-10-24T18:05:00Z By Adrianne Appel
Nine states are collaborating to write and enforce comprehensive data privacy laws, in an effort to protect consumers across jurisdictions and due to the absence of a broad, federal privacy law.
2025-10-24T16:45:00Z By Oscar Gonzalez
Canada’s financial intelligence agency has issued its largest-ever penalties against a cryptocurrency exchange, a fine of $126 million (CA$176.9 million). The agency said the exchange’s compliance failures represented a “severe breach of Canada’s anti–money laundering framework.”
2025-10-22T18:22:00Z By Adrianne Appel
The New York State Department of Financial Services (NYDFS) wants financial firms to step up their game when it comes to third parties and cybersecurity.
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