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The Securities and Exchange Commission today announced awards totaling more than $6 million to two whistleblowers who provided critical information and assistance in two separate covered actions. In the first order, the SEC issued an award of more than… Have a securities law question? Call New York Securities Lawyers at 212-509-6544. Our main site, www.seclaw.com, is currently undergoing maintenance and will be back online on Monday, July 18. We are redirecting the site here, to our blog. The Securities and Exchange Commission today proposed amendments to the rule that governs the process for including shareholder proposals in a company’s proxy statement. Under Rule 14a-8, companies generally must include shareholder proposals in their… Have a securities law question? Call New York Securities Lawyers at 212-509-6544. The Securities and Exchange Commission today voted to adopt amendments to its rules governing proxy voting advice as proposed in November 2021. The final amendments aim to avoid burdens on proxy voting advice businesses that may impair the timeliness and… Have a securities law question? Call New York Securities Lawyers at 212-509-6544. The Securities and Exchange Commission today announced that Tracy S. Combs has been named Director of the Salt Lake Regional Office. Tanya Beard, who has served as Acting Director since January 2022, remains as Assistant Regional Director of Enforcement… Have a securities law question? Call New York Securities Lawyers at 212-509-6544. The Securities and Exchange Commission today announced that Kurt L. Gottschall, the Director of the Denver Regional Office since 2018, is leaving the agency after more than 22 years of service. Jason J. Burt and Thomas M. Piccone will become the office’s… Have a securities law question? Call New York Securities Lawyers at 212-509-6544. The Securities and Exchange Commission today announced that UBS Financial Services Inc. has agreed to pay approximately $25 million to settle fraud charges relating to a complex investment strategy referred to as YES, or Yield Enhancement Strategy.… Have a securities law question? Call New York Securities Lawyers at 212-509-6544. The Securities and Exchange Commission today announced Mark T. Uyeda has been sworn into office as a Commissioner by Brian Johnson, Assistant Director of the Division of Investment Management’s Rulemaking Office. Commissioner Uyeda was nominated by… Have a securities law question? Call New York Securities Lawyers at 212-509-6544. The Securities and Exchange Commission today announced fraud charges against Empires Consulting Corp. (EmpiresX), its founders Emerson Sousa Pires and Flavio Mendes Goncalves, and its head trader Joshua David Nicholas, for a scheme that allegedly raised… Have a securities law question? Call New York Securities Lawyers at 212-509-6544. We received a recorded telephone call this afternoon July 1, but this ban has been in effect since at least May. “The New Jersey Judiciary continually monitors and assesses threats across the security landscape. Based on guidance from the federal government and state cyber security officials, the Judiciary has temporarily eliminated internet traffic and other communication from outside the country and installed two-factor authentication to increase its protection of user accounts,” said Pete McAleer, a spokesman for the Administrative Office of the Courts. “We will continue to remain vigilant and look for any indications that our system has been compromised. We took this step in late March and it will remain in effect as long as deemed necessary.”
Category Archives: SEC Enforcement
SEC Awards Whistleblowers More Than $6 Million
SECLaw.com Site Maintenance
SEC Proposes Amendments to Shareholder Proposal Rule
SEC Adopts Amendments to Proxy Rules Governing Proxy Voting Advice
Tracy S. Combs Named Director of SEC’s Salt Lake Regional Office
Denver Regional Director Kurt L. Gottschall to Leave SEC
UBS to Pay $25 Million to Settle SEC Fraud Charges Involving Complex Options Trading Strategy
Mark T. Uyeda Sworn In as SEC Commissioner
SEC Charges Empires Consulting Corp. with Fake Trading Scheme
New Jersey Courts Block All International Internet Traffic and Emails to its websites
The New Jersey Courts are blocking “all internet traffic from outside the country to ensure the security of our data. This includes access to all of our websites, applications, and other services,” the courts said. “We are also blocking all email traffic to and from all sites outside the U.S.”
In a press release, the Court said that the move was not based on any imminent threat to the courts computer system.