SEC Charges Weiss Asset Management with Short Selling Violations

The Securities and Exchange Commission today announced that investment advisory firm Weiss Asset Management LP has agreed to pay approximately $6.9 million to settle charges that it violated the federal securities laws when it unlawfully purchased stock…

Read the Full Press Release


Have a securities law question? Call New York Securities Lawyers at 212-509-6544.

Schwab Subsidiaries Misled Robo-Adviser Clients about Absence of Hidden Fees

The Securities and Exchange Commission today charged three Charles Schwab investment adviser subsidiaries for not disclosing that they were allocating client funds in a manner that their own internal analyses showed would be less profitable for their…

Read the Full Press Release


Have a securities law question? Call New York Securities Lawyers at 212-509-6544.

Richard R. Best Named Director of Division of Examinations

The Securities and Exchange Commission today announced the appointment of Richard R. Best as Director of the Division of Examinations, effective immediately. He has served as the Division’s acting director since March 23, 2022. “I’ve valued Rich’s…

Read the Full Press Release


Have a securities law question? Call New York Securities Lawyers at 212-509-6544.

SEC Charges CohnReznick LLP and Three Partners with Improper Professional Conduct

The Securities and Exchange Commission today charged audit firm CohnReznick LLP with improper professional conduct on engagements for two clients in 2017. The two clients, Sequential Brands Group, Inc. and Longfin Corp., previously were charged by the…

Read the Full Press Release


Have a securities law question? Call New York Securities Lawyers at 212-509-6544.

SEC Reopens Comment Period for Proposed Rule on Recovery of Erroneously Awarded Compensation

The Securities and Exchange Commission today reopened the comment period on proposed rules for listing standards for recovery of erroneously awarded compensation, and staff of the Commission released a memo that contains additional analyses and data that…

Read the Full Press Release


Have a securities law question? Call New York Securities Lawyers at 212-509-6544.

SEC Investor Advisory Committee to Discuss Non-Traditional Accounting and Climate Disclosure on June 9

The Securities and Exchange Commission’s Investor Advisory Committee will hold a virtual public meeting on June 9 at 10 a.m. ET. The meeting will be webcast on the SEC website. The committee will host two panels, the first involving a…

Read the Full Press Release


Have a securities law question? Call New York Securities Lawyers at 212-509-6544.

SEC CHARGES NEW JERSEY SOFTWARE COMPANY AND SENIOR EMPLOYEES WITH ACCOUNTING-RELATED MISCONDUCT

The Securities and Exchange Commission today charged Bridgewater, NJ-based Synchronoss Technologies, Inc. and seven senior employees, including the former CFO, in connection with their roles related to long-running accounting improprieties that ran from…

Read the Full Press Release


Have a securities law question? Call New York Securities Lawyers at 212-509-6544.

SEC Launches Game Show-Themed Public Service Campaign

The Securities and Exchange Commission’s Office of Investor Education and Advocacy today unveiled a game show-themed public service campaign to help investors make informed investment decisions and avoid fraud. Recognizing that sometimes…

Read the Full Press Release


Have a securities law question? Call New York Securities Lawyers at 212-509-6544.

SEC Charges Louisiana Town and Former Mayor with Fraud in Two Municipal Bond Deals

The Securities and Exchange Commission today charged the town of Sterlington, Louisiana and its former mayor, Vern A. Breland, as well as the town’s unregistered municipal advisor, Twin Spires Financial LLC, and its owner, Aaron B. Fletcher, with…

Read the Full Press Release


Have a securities law question? Call New York Securities Lawyers at 212-509-6544.

SEC Updates Electronic Filing Requirements

The Securities and Exchange Commission today announced that it adopted amendments to require certain forms that currently are permitted to be filed or submitted in paper format to be filed or submitted electronically. The amendments also amend certain…

Read the Full Press Release


Have a securities law question? Call New York Securities Lawyers at 212-509-6544.