SEC Spotlights Due Diligence during World Investor Week 2023

The Securities and Exchange Commission today announced it will highlight the importance of investor education and protection during World Investor Week (WIW) 2023, which takes place October 2-8. Arising technologies and new digital tools are making it…

Read the Full Press Release

---

Have a securities law question? Call New York Securities Lawyers at 212-509-6544.

SEC, MSRB, & FINRA to Hold Virtual Compliance Outreach Program

The Securities and Exchange Commission, Municipal Securities Rulemaking Board (MSRB), and Financial Industry Regulatory Authority (FINRA) today announced that registration is open for a virtual Compliance Outreach Program for municipal market…

Read the Full Press Release

---

Have a securities law question? Call New York Securities Lawyers at 212-509-6544.

SEC Proposes Tailored Registration Form for Offerings of Registered Index-Linked Annuities

The Securities and Exchange Commission today proposed tailored disclosure requirements and offering processes for offerings of registered index-linked annuities (RILAs). The amendments would highlight key information about RILAs, allow insurance…

Read the Full Press Release

---

Have a securities law question? Call New York Securities Lawyers at 212-509-6544.

SEC Charges International Accounting Firm Prager Metis with Hundreds of Auditor Independence Violations

The Securities and Exchange Commission today announced charges against accounting firm Prager Metis CPAs, LLC and its California professional services firm, Prager Metis CPAs LLP, (together, Prager) for violating auditor independence rules and for aiding…

Read the Full Press Release

---

Have a securities law question? Call New York Securities Lawyers at 212-509-6544.

SEC Charges D. E. Shaw with Violating Whistleblower Protection Rule

The Securities and Exchange Commission today announced settled charges against New York-based registered investment adviser D. E. Shaw & Co., L.P. for raising impediments to whistleblowing by requiring employees to sign agreements prohibiting the…

Read the Full Press Release

---

Have a securities law question? Call New York Securities Lawyers at 212-509-6544.

SEC Charges 10 Firms with Widespread Recordkeeping Failures

The Securities and Exchange Commission today announced charges against five broker-dealers, three dually registered broker-dealers and investment advisers, and two affiliated investment advisers for widespread and longstanding failures to maintain and…

Read the Full Press Release

---

Have a securities law question? Call New York Securities Lawyers at 212-509-6544.

SEC Charges Two Credit Rating Agencies, DBRS and KBRA, with Longstanding Recordkeeping Failures

The Securities and Exchange Commission today announced charges against credit rating agencies DBRS Inc. and Kroll Bond Rating Agency, LLC (KBRA) for longstanding failures to preserve electronic records, including off-channel communications on personal…

Read the Full Press Release

---

Have a securities law question? Call New York Securities Lawyers at 212-509-6544.

SEC Charges Newell Brands and Former CEO for Misleading Investors About Sales Performance

The Securities and Exchange Commission today charged Newell Brands Inc., a Georgia-based consumer products company and its former CEO, Michael Polk, with misleading investors about Newell’s core sales growth, a non-GAAP (Generally Accepted Accounting…

Read the Full Press Release

---

Have a securities law question? Call New York Securities Lawyers at 212-509-6544.

Albemarle Corp. to Pay SEC More Than $103 Million to Settle FCPA Violations

The Securities and Exchange Commission today announced that Charlotte-based Albemarle Corporation, a global specialty chemicals company, agreed to pay more than $103.6 million to settle the SEC’s charges that it violated the anti-bribery, recordkeeping,…

Read the Full Press Release

---

Have a securities law question? Call New York Securities Lawyers at 212-509-6544.

SEC Charges Electric Vehicle Co. for Misleading Revenue Projections Ahead of SPAC Merger

The Securities and Exchange Commission today charged Denver-based Spruce Power Holding Corporation, the successor to XL Fleet Corp., for misleading investors about revenue projections that topped $1 billion within three years of going public. XL Fleet,…

Read the Full Press Release

---

Have a securities law question? Call New York Securities Lawyers at 212-509-6544.