SEC-PR-2024-55 (MAY. 14, 2024) Source: https://www.sec.gov/newsroom/press-releases/2024-55 Download: SEC-PR-2024-55 ⊗ (PDF) PRESS RELEASE | 2024-55 SEC Charges Hudson Valley Wealth Management Advisory Firm and Founder for Failing to Disclose Conflicts of Interest. Firm owner received undisclosed fee for investing clients’ money in films. Washington D.C., May 14, 2024 — The Securities and Exchange Commission today announced […]
Category: DISCLOSURE FAILURES
Disclosure Failures in the financial markets refer to instances where entities, such as publicly traded companies, financial institutions, or investment funds, fail to accurately and adequately disclose material information to investors and stakeholders. This information includes financial results, risks, liabilities, strategic decisions, and other crucial details that could influence investment decisions or market perceptions. Such failures can involve misleading statements, omissions of important facts, or incomplete disclosures that misrepresent the true financial health or operational risks of the entity. Disclosure failures undermine market transparency, distort pricing mechanisms, erode investor confidence, and may violate securities laws and regulations designed to protect investors and ensure fair and efficient markets. Regulatory oversight by agencies like the SEC is crucial in detecting and addressing these failures to maintain market integrity and investor trust.
SEC-PR-2024-33 (MAR. 7, 2024) Source: https://www.sec.gov/newsroom/press-releases/2024-33 Download: SEC-PR-2024-33 (PDF) PRESS RELEASE | 2024-33 SEC Charges Skechers with Making Undisclosed Payments to Executives’ Family Members. Company also charged with failing to disclose outstanding loans to its executives. Washington D.C., March 7, 2024 — The Securities and Exchange Commission today announced that Skechers U.S.A. Inc., a footwear […]
SEC-PR-2024-30 (MAR. 1, 2024) Source: https://www.sec.gov/newsroom/press-releases/2024-30 Download: SEC-PR-2024-30 (PDF) PRESS RELEASE | 2024-30 SEC Charges Advisory Firm HG Vora for Disclosure Failures Ahead of Ryder Acquisition Bid. Washington D.C., March 1, 2024 — The Securities and Exchange Commission today announced settled charges against New York-based investment adviser HG Vora Capital Management LLC for its failure […]
SEC-PR-2024-20 (FEB. 16, 2024) Source: https://www.sec.gov/newsroom/press-releases/2024-20 Download: SEC-PR-2024-20 ⊗ (PDF) PRESS RELEASE | 2024-20 SEC Charges Van Eck Associates for Failing to Disclose Influencer’s Role in Connection with ETF Launch. Washington D.C., Feb. 16, 2024 — The Securities and Exchange Commission today announced that registered investment adviser Van Eck Associates Corporation has agreed to pay […]
SEC-PR-2024-05 (JAN. 11, 2024) Source: https://www.sec.gov/newsroom/press-releases/2024-5 Download: SEC-PR-2024-05 ⊗ (PDF) PRESS RELEASE | 2024-5 SEC Charges Future FinTech CEO Shanchun Huang With Fraud and Disclosure Failures. Washington D.C., Jan. 11, 2024 — The Securities and Exchange Commission today charged Shanchun Huang with manipulative trading in the stock of Future FinTech Group Inc., using an offshore […]