All Securities and Exchange Commission articles – Page 62
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Blog
Obsidian Energy to pay $8.5M for accounting fraud charges
Obsidian Energy said it has reached an $8.5 million settlement with the U.S. Securities and Exchange Commission to resolve accounting fraud charges filed earlier this year.
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SEC charges Osiris Therapeutics with accounting fraud
The Securities and Exchange Commission this week charged biotech company Osiris Therapeutics and four former top executives with prioritizing revenue growth over lawful accounting and misleading investors in the process.
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Charles Cain named chief of FCPA Unit
The Securities and Exchange Commission has named Charles Cain chief of the Enforcement Division's national specialized Foreign Corrupt Practices Act Unit that focuses on violations of the anti-bribery provisions of the federal securities laws.
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ArticleSEC nominees make their pitch for long-empty seats
Questions about cyber-security, insider trading, materiality, and individual accountability greeted SEC nominees appearing before the Senate Banking Committee.
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Congressional hearing puts SEC nominees in the spotlight
This week, the Senate Banking Committee held its first nomination hearing for Hester Peirce and Robert Jackson, President Trump’s nominees for to serve as SEC commissioners.
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SEC: Compliance officer stole $9M from charity
The Securities and Exchange Commission has charged a chief compliance officer with defrauding a non-profit charitable foundation out of $9 million over the course of twelve years.
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Senate committee schedules hearing for SEC nominees
On Oct. 24, the Senate Banking Committee will hold a hearing on President Trump’s nominations of Hester Peirce, a Republican, and Robert Jackson, a Democrat, to be SEC Commissioners.
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SEC reshapes Regulation S-K disclosures, marches forward on LEIs
The SEC has proposed a plan, as mandated by the FAST Act, to simplify and modernize the Regulation S-K disclosure regime. New rule amendments would also accelerate the use of Legal Entity Identifiers by public companies.
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Beyond the breach: SEC’s Clayton on clawbacks, fiduciary rules, and materiality
While much of his time before the Senate Banking Committee last week focused on a newly disclosed 2016 data breach, SEC Chairman Jay Clayton weighed in on numerous other topics.
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SEC’s Clayton provides update on EDGAR breach
An update issued by the SEC on Oct. 2 outlines projects and initiatives it has launched in the aftermath of a recently announced 2016 breach of the EDGAR filing system.
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SEC offers relief, deadline extensions for hurricane victims
The SEC is providing regulatory relief to publicly traded companies and others unable to meet filing requirements due to hurricane damage and mail disruptions.
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Alere to pay $13M for accounting fraud charges
Medical manufacturer Alere has agreed to pay more than $13 million to settle charges that it committed accounting fraud through its subsidiaries to meet revenue targets and made improper payments to foreign officials to increase sales in certain countries.
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Exasperated Clayton briefs Senators on SEC breach
SEC Chairman Jay Clayton provided fresh insight into the Commission's recently annunced 2016 data breach during scheduled testimony before the Senate Banking Committee.
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SEC data breach reveals fear and loathing in the mainframe
A breach disclosure by the SEC does the agency no favors as it prepares to dig deep into data troves for market surveillance.
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SEC offers interpretive guidance, scenarios for pay ratio rule
Lacking a reprieve from its effective date, the SEC has released interpretive guidance intended to assist companies in their efforts to comply with the controversial pay ratio rule.
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Telia Company and Uzbek subsidiary to pay $965M for FCPA violations
Sweden-based telecommunications provider Telia Company and its Uzbek subsidiary, Coscom, will pay $965 million in total penalties in a global settlement to resolve corruption charges arising out of a scheme to win business in Uzbekistan.
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Former SEC Enforcement Director joins King & Spalding
Richard Walker, former Director of Enforcement at the Securities and Exchange Commission, has joined international law firm King & Spalding as a partner in the Special Matters & Government Investigations group, resident in the New York office.
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SEC: SunTrust improperly recommended higher-fee mutual funds
The SEC has charged the investment services subsidiary of SunTrust Banks with collecting more than $1.1 million in avoidable fees from clients by improperly recommending more expensive share classes of various mutual funds when cheaper shares of the same funds were available.
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Legislation seeks to extend applicability of SEC's Reg A+
Keeping with efforts to improve capital formation, the House of Representatives has approved legislation that would extend applicability of the SEC's Regulation A+.
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SEC’s controversial pay ratio rule still alive and problematic
The SEC’s rule requiring companies to disclose the ratio between CEO and average worker pay persists despite much pushback from business and government alike.