The Securities and Exchange Commission is looking to address regulatory roadblocks facing the Dodd-Frank Act’s whistleblower rewards program, with a focus on the related action rule. Gary Gensler said in a keynote address last month that the agency plans to address significant problems in the SEC’s whistleblower program that enable Read More
The Securities and Exchange Commission announced that it took another step in clamping down on the booming blockchain technology space, charging two Florida men and their Cayman Islands company for allegedly selling more than $30 million of securities to investors in fraudulent offerings over the course of a year. The Read More
The Securities and Exchange Commission is looking to strengthen existing disclosure rules for Chinese technology firms as Beijing continues its crackdowns on companies raising capital through offshore entities. Last month, the SEC announced a number of new directives for staff regarding Chinese companies that register securities directly in the U.S. Read More
The Securities and Exchange Commission has announced that it has reached a settlement with the specialty retailer Tandy Leather Factory Inc. and its former chief executive officer Shannon Greene, over charges of accounting, reporting, and control failures that led to a multi-year restatement of company financial statements. Tandy’s inventory tracking Read More
Cryptocurrency operator Circle Internet Financial Ltd. said it has set aside more than $10 million to settle a case brought by the U.S. Securities and Exchange Commission against Poloniex LLC, its discontinued crypto exchange business, according to a regulatory filing. Boston-based Circle, which announced earlier this month that it will Read More
The Securities and Exchange Commission announced charges against the acquisition corporation Stable Road Acquisition Company, its sponsor SRC-NI, and the SPAC’s proposed merger target Momentus Inc. for what it calls “misleading claims” about Momentus’s technology, as well as national security risks associated with Momentus’s founder and former CEO Mikhail Kokorich. Read More
A federal judge has granted permission to fintech startup Ripple Labs to question a former Securities and Exchange Commission official about the agency’s policy decisions as the company fights accusations of misleading investors about its cryptocurrency. The decision gives Ripple the ability to depose the former director of the SEC’s Read More
The Securities and Exchange Commission has tapped an experienced prosecutor to head up the Division of Enforcement. Stepping up from his previous job as attorney general for the state of New Jersey, Gurbir S. Grewal takes over the enforcement office at a time when pandemic-related frauds and investment scams are Read More
Amec Foster Wheeler Limited agreed on Friday with the Securities and Exchange Commission and the Department of Justice to pay a total of more than $43 million related to violations of the Foreign Corrupt Practices Act. The British-based oil and gas services company, owned by John Wood Group PLC, entered Read More
GUEST BLOGInternal auditors, compliance officers, and other “lines of defense” professionals are in unique positions to spot fraud and wrongdoing at the companies where they work. In most cases it is enough to report the problems to senior management or to the board of directors in situations where senior executives Read More
