SEC-PR-2412-211 (Dec. 20, 2024) (SEC-PR-2412) SEC Adopts Rule Amendments to the Broker-Dealer Customer Protection Rule Excerpt: Washington D.C., Dec. 20, 2024 — The Securities and Exchange Commission today adopted amendments to Rule 15c3-3 (the customer protection rule) to require certain broker-dealers to increase the frequency with which they perform computations of the net cash they […]
SEC-PR-2412-210 (Dec. 20, 2024) (SEC-PR-2412) SEC Files Settled Charges Against Multiple Entities for Failing to Timely File Forms D in Connection With Securities Offerings Excerpt: Washington D.C., Dec. 20, 2024 — The Securities and Exchange Commission today announced charges against two private companies and one registered investment adviser for failing to timely file Forms D […]
SEC-PR-2412-209 (Dec. 20, 2024) (SEC-PR-2412) SEC Charges Silver Point Capital with Policy Failures Regarding Receipt of Material Nonpublic Information About Bonds Issued by Puerto Rico Excerpt: Washington D.C., Dec. 20, 2024 — The Securities and Exchange Commission today charged registered investment adviser Silver Point Capital L.P. with failing to establish, implement, and enforce written policies […]
SEC-PR-2412-208 (Dec. 20, 2024) (SEC-PR-2412) Deutsche Bank Subsidiary to Pay $4 Million for Untimely Filing Certain Suspicious Activity Reports Excerpt: Washington D.C., Dec. 20, 2024 — The Securities and Exchange Commission today charged registered broker-dealer Deutsche Bank Securities Inc., a subsidiary of Deutsche Bank AG, for failing to file certain Suspicious Activity Reports (SARs) in […]
SEC-PR-2412-207 (Dec. 20, 2024) (SEC-PR-2412) Wells Fargo and LPL Financial Charged for Submitting Deficient Trading Data to SEC – Wells Fargo’s penalty amount reflects that it self-reported its misconduct Excerpt: Washington D.C., Dec. 20, 2024 — The Securities and Exchange Commission today announced settled charges against Wells Fargo Clearing Services LLC and LPL Financial LLC […]
SEC-PR-2412-206 (Dec. 20, 2024) (SEC-PR-2412) SEC Charges Utility Company Entergy Corp. with Internal Accounting Controls Violations – Company agrees to pay $12 million in penalties and adopt independent consultant’s recommended improvements Excerpt: Washington D.C., Dec. 20, 2024 — The Securities and Exchange Commission today announced that Entergy Corporation, a Louisiana-based utility company, agreed to pay […]
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-2412-204 (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-2412-203 (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 […]