SEC-PR-2412-204 (Dec. 18, 2024) (SEC-PR-2412) SEC Approves 2025 PCAOB Budget and Accounting Support Fee Excerpt: Washington D.C., Dec. 18, 2024 — The Securities and Exchange Commission voted today to approve the 2025 budget of the Public Company Accounting Oversight Board (PCAOB) and the related annual accounting support fee. The 2025 PCAOB budget totals $399.7 million. […]
SEC-PR-2412-205 (Dec. 19, 2024) (SEC-PR-2412) Global Aerospace Company AAR and Former Executive of its Subsidiary Settle Charges for Bribing Nepalese and South African Officials Excerpt: Washington D.C., Dec. 19, 2024 — The Securities and Exchange Commission today announced that Illinois-based AAR CORP., a global provider of aviation services and products, agreed to resolve Foreign Corrupt […]
SEC-PR-2412-203 (Dec. 17, 2024) (SEC-PR-2412) SEC Charges Express, Inc. with Failing to Disclose Nearly $1 Million in Perks Provided to Former CEO – Commission declines to impose a penalty based on company’s self-report, cooperation, and remediation Excerpt: Washington D.C., Dec. 17, 2024 — The Securities and Exchange Commission today announced settled charges against Ohio-based Express, […]
SEC-PR-2412-202 (Dec. 16, 2024) (SEC-PR-2412) SEC Modernizes the Submission of Certain Forms, Filings, and Materials Under the Securities Exchange Act of 1934 Excerpt: Washington D.C., Dec. 16, 2024 — The Securities and Exchange Commission today adopted amendments to require the electronic filing, submission, or posting of certain forms, filings, and other submissions that national securities […]
SEC-PR-2412-201 (Dec. 16, 2024) (SEC-PR-2412) Becton Dickinson to Pay $175 Million for Misleading Investors About Alaris Infusion Pump – New Jersey-based company will also retain independent compliance consultant Excerpt: Washington D.C., Dec. 16, 2024 — The Securities and Exchange Commission today announced settled charges against Becton, Dickinson and Company, a New Jersey-based medical device manufacturer […]
SEC-PR-2412-200 (Dec. 13, 2024) (SEC-PR-2412) SEC Announces Departure of Corporation Finance Division Director Erik Gerding – Cicely LaMothe Named Acting Director Excerpt: Washington D.C., Dec. 13, 2024 — The Securities and Exchange Commission today announced that Erik Gerding, Director of the Division of Corporation Finance, will depart the agency effective Dec. 31, 2024. Upon Mr. […]
SEC-PR-2412-199 (Dec. 12, 2024) (SEC-PR-2412) SEC Charges Cantor Fitzgerald Over Misleading SPAC Disclosures Excerpt: Washington D.C., Dec. 12, 2024 — The Securities and Exchange Commission today charged global financial services firm Cantor Fitzgerald, L.P. with causing two special purpose acquisition companies (SPACs) that it controlled to make misleading statements to investors ahead of their initial […]
SEC-PR-2412-198 (Dec. 12, 2024) (SEC-PR-2412) SEC Charges Former Representative of Advisory Firm SeaCrest with Cherry-Picking – Firm settles SEC charges related to former employee’s misconduct Excerpt: Washington D.C., Dec. 12, 2024 — The Securities and Exchange Commission today charged Eric Cobb of South Carolina with engaging in a fraudulent scheme where he allocated profitable securities […]
SEC-PR-2412-197 (Dec. 12, 2024) (SEC-PR-2412) SEC Small Business Advocacy Office Delivers Report to Congress on Capital Raising for Startups to Small Public Companies Excerpt: Washington D.C., Dec. 12, 2024 — The Securities and Exchange Commission’s Office of the Advocate for Small Business Capital Formation issued its 2024 Annual Report (PDF 136-pages) today to Congress and the […]
SEC-PR-2412-196 (Dec. 12, 2024) (SEC-PR-2412) SEC Office of the Investor Advocate Issues Report on Nationally Representative Survey of Investors and Continues Focus on Investment Fraud Excerpt: Washington D.C., Dec. 12, 2024 — The Securities and Exchange Commission’s Office of the Investor Advocate today published its Report on Activities (PDF 50-pages) for the Fiscal Year 2024 […]