Category: SEC Press Releases

SEC Press Releases (PR) and (LR) are an essential resource for investors, companies, and the media, providing critical updates on the SEC’s efforts to regulate the securities markets and protect investors. By disseminating timely and relevant information, the SEC fosters transparency and accountability within the financial system. Staying informed about these press releases is crucial for understanding the evolving landscape of securities regulation, compliance, and investor protection.

SEC-PR-2024-189

SEC-PR-2024-189 (12-03-24) SEC Charges Kiromic BioPharma and Two Former C-Suite Executives with Misleading Investors about Status of FDA Reviews – SEC declines to impose civil penalties against company due to its self-reporting, remediation, and cooperation. Excerpt:  Washington D.C., Dec. 3, 2024 — The Securities and Exchange Commission today filed settled charges against Houston-based biotherapeutics company […]

SEC-PR-2024-188

SEC-PR-2024-188 (11-27-24) SEC Updates List of Firms Using Inaccurate Information to Solicit Investors Excerpt:  Washington D.C., Nov. 27, 2024 — The Securities and Exchange Commission today announced that it updated its list of unregistered entities that use misleading information to solicit primarily non-U.S. investors, adding 14 soliciting entities, two impersonators of genuine firms, and four […]

SEC-PR-2024-187

SEC-PR-2024-187 (11-25-24) SEC Charges Ken Leech, Former Co-Chief Investment Officer of Western Asset Management Co., with Fraud – Defendant allegedly engaged in cherry-picking, allocating hundreds of millions of dollars in net first-day gains and losses to favored and disfavored portfolios, respectively Excerpt:  Washington D.C., Nov. 25, 2024 — The Securities and Exchange Commission today announced […]

SEC-PR-2024-186

SEC-PR-2024-186 (11-22-24) SEC Announces Enforcement Results for Fiscal Year 2024 – Commission saw market participants respond to its efforts to promote culture of proactive compliance. Excerpt:  Washington D.C., Nov. 22, 2024 — The Securities and Exchange Commission today announced that it filed 583 total enforcement actions in fiscal year 2024 while obtaining orders for $8.2 billion […]

SEC-PR-2024-185

SEC-PR-2024-185 (11-22-24) SEC Charges Three Broker-Dealers with Filing Deficient Suspicious Activity Reports – Firms receive credit for cooperating with SEC’s investigations Excerpt: Washington D.C., Nov. 22, 2024 —  The Securities and Exchange Commission today announced that broker-dealers Webull Financial LLC, Lightspeed Financial Services Group LLC, and Paulson Investment Company, LLC have agreed to settle charges […]

SEC-PR-2024-184

SEC-PR-2024-184 (11-22-24) UPS to Pay $45 Million Penalty for Improperly Valuing Business Unit Excerpt: Washington D.C., Nov. 22, 2024 — The Securities and Exchange Commission today announced settled charges against United Parcel Service Inc. for materially misrepresenting its earnings because it failed to follow generally accepted accounting principles (GAAP) in valuing one of its worst […]

FCPA Violations – Article

FCPA Violations – Article ( Articles ) FCPA Violations (FCPAV) Understanding the Implications and Consequences The Foreign Corrupt Practices Act (FCPA) is a crucial piece of legislation in the United States that aims to combat corruption and bribery in international business transactions. Violations of the FCPA can lead to severe penalties for companies and individuals involved. This article explores […]

SEC-PR-2024-183

SEC-PR-2024-183 (11-21-24) SEC Charges Advisory Firm La Mancha and its Owner David Kushner with Fraud – Defendants, who purported to make business loans, including to professional athletes, allegedly stole investor funds to pay for personal expenses Excerpt: Washington D.C., Nov. 21, 2024 —  The Securities and Exchange Commission today charged David Kushner, a resident of […]

SEC-PR-2024-182

SEC-PR-2024-182 (11-21-24) SEC Chair Gensler to Depart Agency on January 20, 2025 – Gensler implemented reforms to enhance efficiency, resiliency, and integrity in U.S. capital markets; agency held wrongdoers accountable and returned billions to harmed investors. Excerpt: Washington D.C., Nov. 21, 2024 — The Securities and Exchange Commission today announced that its 33rd Chair, Gary […]

SEC-PR-2024-181

SEC-PR-2024-181 (11-20-24) SEC Charges Three Senior Executives in Two Actions Alleging Massive Bribery Scheme Involving Indian Energy Companies Adani Green and Azure Power – Adani Green’s note offering raised $175 million from U.S. investors while bribery scheme was in progress Excerpt: Washington D.C., Nov. 20, 2024 — The Securities and Exchange Commission today charged Gautam […]