At Tuesday’s “SEC Speaks” conference from PLI, SEC Chair Gary Gensler and Commissioners Allison Herren Lee, Elad Roisman, and Caroline Crenshaw all delivered remarks on different topics. Gensler discussed the use of predictive digital analytics in finance, Lee examined the explosive growth of the private markets and proposed to address Read More
London-based WPP plc, the world’s largest advertising group, has agreed to settle bribery charges with the Securities and Exchange Commission. The company will pay more than $19 million to resolve allegations that it violated the anti-bribery, books and records, and internal accounting controls provisions of the Foreign Corrupt Practices Act Read More
The Securities and Exchange Commission announced awards of approximately $110 million and $4 million to two whistleblowers whose information and assistance led to successful SEC and related actions. With these awards, the SEC’s whistleblower program has now paid more than $1 billion in awards to 207 whistleblowers, including over $500 Read More
In a rare move, the Securities and Exchange Commission issued whistleblower awards to three individuals who held compliance roles at an unnamed company. In a statement, the SEC said that it had awarded more than $1 million to three individuals whose information and assistance led to a successful enforcement action. Read More
Educational publishing and software company Pearson has agreed to pay $1 million to settle charges that it misled investors on the details of a 2018 data breach, the Securities and Exchange Commission announced yesterday. According to the SEC, London-based Pearson made misleading statements and omissions to investors about a cyber-attack Read More
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
