Friday, February 16, 2024

SEC Small Business Advisory Committee to Discuss the Accredited Investor Definition and the State of the IPO Market

The Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee today released the agenda for its meeting on Tuesday, Feb. 27, which will include a discussion of the accredited investor definition and initial public offerings…

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SEC Charges TIAA Subsidiary for Failing to Act in the Best Interest of Retail Customers

The Securities and Exchange Commission today announced that registered broker-dealer TIAA-CREF Individual & Institutional Services LLC (TC Services), a subsidiary of Teachers Insurance and Annuity Association of America (TIAA), will pay more than $2.…

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SEC Publishes Annual Staff Report on Nationally Recognized Statistical Rating Organizations

The Securities and Exchange Commission’s Office of Credit Ratings published its annual Staff Report to Congress today on Nationally Recognized Statistical Rating Organizations (NRSROs), commonly known as credit rating agencies, to provide findings…

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SEC Charges Van Eck Associates for Failing to Disclose Influencer’s Role in Connection with ETF Launch

The Securities and Exchange Commission today announced that registered investment adviser Van Eck Associates Corporation has agreed to pay a $1.75 million civil penalty to settle charges that it failed to disclose a social media influencer’s role in the…

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Wednesday, February 14, 2024

SEC Proposes Rule to Update Definition of Qualifying Venture Capital Funds

The Securities and Exchange Commission today proposed a rule that would update the dollar threshold for a fund to qualify as a “qualifying venture capital fund” for purposes of the Investment Company Act of 1940 (Act). The rule would update the dollar…

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Friday, February 9, 2024

Sixteen Firms to Pay More Than $81 Million Combined to Settle Charges for Widespread Recordkeeping Failures

The Securities and Exchange Commission today announced charges against five broker-dealers, seven dually registered broker-dealers and investment advisers, and four affiliated investment advisers for widespread and longstanding failures by the firms and…

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Thursday, February 8, 2024

SEC Adopts Amendments to Enhance Private Fund Reporting

The Securities and Exchange Commission today adopted amendments to Form PF, the confidential reporting form for certain SEC-registered investment advisers to private funds, including those that also are registered with the Commodity Futures Trading…

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Wednesday, February 7, 2024

SEC Charges TradeStation Crypto for Unregistered Offer and Sale of Crypto Asset Lending Product

The Securities and Exchange Commission today announced charges against TradeStation Crypto, Inc., based in Plantation, Florida, for failing to register the offer and sale of a crypto lending product that allowed U.S. investors to deposit or purchase…

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Tuesday, February 6, 2024

SEC Charges China-Based Tech Company Cloopen Group with Accounting Fraud

The Securities and Exchange Commission today announced settled accounting fraud charges against Cloopen Group Holding Limited, a China-based provider of cloud communications products and services whose American depositary shares formerly traded on the…

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SEC Adopts Rules to Include Certain Significant Market Participants as “Dealers” or “Government Securities Dealers”

The Securities and Exchange Commission today adopted two rules that require market participants who engage in certain dealer roles, in particular those who take on significant liquidity-providing roles in the markets, to register with the SEC, become…

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