SEC Charges App Developer for Unregistered Security-Based Swap Transactions

The Securities and Exchange Commission today charged California-based Abra and a related firm in the Philippines for offering and selling security-based swaps to retail investors without registration and for failing to transact those swaps on a…

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from The Securities Law Home Page – SECLaw.com

SEC Proposes Amendments to Update Form 13F for Institutional Investment Managers; Amend Reporting Threshold to Reflect Today’s Equities Markets

The Securities and Exchange Commission today announced that it has proposed to amend Form 13F to update the reporting threshold for institutional investment managers and make other targeted changes. The threshold has not been adjusted since the…

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from The Securities Law Home Page – SECLaw.com

SEC Issues Agenda for July 16 Special Meeting of the Asset Management Advisory Committee

The Securities and Exchange Commission today released the agenda for the virtual July 16 special meeting of the Asset Management Advisory Committee (AMAC). AMAC was formed to provide the Commission with a range of perspectives on asset management and…

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from The Securities Law Home Page – SECLaw.com

SEC Adopts Amendments to Exemptive Applications Procedures

The Securities and Exchange Commission today announced that it has voted to adopt rule amendments to establish an expedited review procedure for exemptive and other applications under the Investment Company Act that are substantially identical to recent…

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from The Securities Law Home Page – SECLaw.com

SEC Charges Alexion Pharmaceuticals With FCPA Violations

The Securities and Exchange Commission today announced that Boston-based pharmaceutical company Alexion Pharmaceuticals Inc. has agreed to pay more than $21 million to resolve charges that it violated the books and records and internal accounting…

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from The Securities Law Home Page – SECLaw.com

SEC Announces Agenda, Panelists for Staff Roundtable on Emerging Markets

The Securities and Exchange Commission today announced the agenda and panelists for the July 9, 2020 staff roundtable on investing in emerging markets, including China.  Further information, including prior statements and actions in…

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from The Securities Law Home Page – SECLaw.com

SEC Updates Filing Threshold to Rule 17h Reporting Requirements for Broker-Dealers

The Securities and Exchange Commission today issued an order to update the filing threshold for broker-dealers’ Form 17-H filings made pursuant to Exchange Act Rules 17h-1T and Rule 17h-2T. The threshold, which had not been updated in nearly 30 years,…

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from The Securities Law Home Page – SECLaw.com

Telegram to Return $1.2 Billion to Investors and Pay $18.5 Million Penalty to Settle SEC Charges

The Securities and Exchange Commission announced today that it obtained court approval of settlements with Telegram Group Inc. and its wholly owned subsidiary TON Issuer Inc. to resolve charges that Telegram’s unregistered offering of digital tokens…

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from The Securities Law Home Page – SECLaw.com

SEC Charges Issuer, CEO, and Lobbyist With Defrauding Investors in AML BitCoin

The Securities and Exchange Commission today charged NAC Foundation, its Chief Executive Officer Marcus Andrade, and political lobbyist Jack Abramoff with conducting a fraudulent, unregistered offering of AML BitCoin, a digital asset security the…

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from The Securities Law Home Page – SECLaw.com

SEC Charges Novartis AG with FCPA Violations

The Securities and Exchange Commission today announced that Novartis AG, a global pharmaceutical and healthcare company headquartered in Basel, Switzerland, has agreed to pay over $112 million to settle charges that it violated the books and records and…

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Have a securities law question? Call Sallah Astarita & Cox at 212-509-6544.

from The Securities Law Home Page – SECLaw.com