SEC
Get the latest news and insights on the Securities and Exchange Commission's' financial regulations (such as Regulation Best Interest), enforcement actions and related activities.
SEC Doles Out $22M Whistleblower Award
By Melanie WaddellThe SEC has awarded more than $22 million to a whistleblower whose detailed tip and extensive assistance helped the agency halt a well-hidden fraud.
August 24, 2016
SEC Smacks 71 Municipal Issuers for Muni Bond ViolationsThe issuers sold muni bonds using offering documents that contained materially false statements or omissions about their compliance with continuing disclosure obligations.
August 23, 2016
4 Apollo Advisors to Pay SEC $52M Over Failure to Disclose Fees, ConflictsFour private equity fund advisors affiliated with Apollo Global Management misled investors and failed to supervise a senior partner's charges to the funds, SEC said.
August 19, 2016
How Key Energy Got the SEC to Go Easy on Bribery ChargesThe SEC accused its Mexican subsidiary of violating provisions of the Foreign Corrupt Practices Act but only made the company disgorge $5 million in profits.
August 19, 2016
Enforcement: Goldman Trader Barred for Misleading CustomersIn another action, Ameriprise was censured and fined by FINRA for failing to supervise its registered reps sales of closed-end funds.
August 15, 2016
SEC Charges Hedge Fund Manager in Scheme Involving Terminally IllDonald Lathen allegedly paid 60 patients $10,000 each to use their names on accounts, redeeming their investments after they died.
August 12, 2016
Enforcement: Advisor Inflated AUM, Stole From Client, SEC SaysMeanwhile, the SEC fined a company for its anti-whistleblower policy.
August 10, 2016
SEC Charges Ex-NFL Player With Defrauding Former Coaches, ElderlyThe player cheated seniors and coaches, donors, alumni and employees of schools out of $10 million, the SEC said.