SG Americas to Pay $3.1 Million to Settle Charges of Providing Deficient Blue Sheet Data

The Securities and Exchange Commission today announced settled charges against broker-dealer SG Americas Securities LLC for failing to provide complete and accurate securities trading information known as “blue sheet data.”  SG Americas agreed to…

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from The Securities Law Home Page – SECLaw.com

SEC Awards $125,000 to Whistleblower

The Securities and Exchange Commission today announced an award of about $125,000 to a whistleblower whose information and assistance helped both the SEC and another agency bring successful actions against the perpetrator of a fraudulent securities…

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from The Securities Law Home Page – SECLaw.com

Securities and Exchange Commission and Justice Department’s Antitrust Division Sign Historic Memorandum of Understanding

The Securities and Exchange Commission and the Department of Justice’s Antitrust Division have signed an interagency Memorandum of Understanding (MOU) to foster cooperation and communication between the agencies with the aim of enhancing competition in…

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from The Securities Law Home Page – SECLaw.com

SEC Extends Relief for Virtual Meetings of Fund Boards

Today, the Securities and Exchange Commission announced that it is extending conditional relief from the in-person voting requirements for fund boards that it originally provided in March 2020.  That relief will now extend at least through December…

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from The Securities Law Home Page – SECLaw.com

SEC Awards Almost $700,000 to Whistleblower

The Securities and Exchange Commission today announced an award of almost $700,000 to a whistleblower whose significant information helped the agency bring a successful enforcement action that resulted in the return of money to harmed investors. The…

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from The Securities Law Home Page – SECLaw.com

SEC Emergency Action Halts Brothers’ Cryptocurrency Offering Fraud

The Securities and Exchange Commission today announced that it filed an emergency action and obtained a temporary restraining order and asset freeze against two Pennsylvania-based brothers and three entities they control to stop an offering fraud and the…

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from The Securities Law Home Page – SECLaw.com

Broker-Dealer Exam Program Leader Robert Sollazzo Retiring From SEC After 38 Years

The Securities and Exchange Commission today announced that Robert A. Sollazzo, the longtime leader of the New York Regional Office’s Broker-Dealer Examination Program, is planning to retire from the agency in July after more than 38 years of invaluable…

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from The Securities Law Home Page – SECLaw.com

Insurance Company and Former CFO Charged With Faulty Loss Reserves Disclosures

The Securities and Exchange Commission today charged international insurance company AmTrust Financial Services Inc. and its former CFO Ronald E. Pipoly Jr. with failing to disclose material facts about how the company estimated its insurance losses…

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from The Securities Law Home Page – SECLaw.com

SEC Names Jennifer S. Leete as Associate Director in Enforcement Division

The Securities and Exchange Commission today announced that Jennifer S. Leete has been named Associate Director in the SEC’s Division of Enforcement.  Ms. Leete succeeds Antonia Chion, who retired from the agency in February 2020.  In her new…

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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

SEC Announces Speakers for June 18 Small Business Forum: “Access to Capital: More Critical Now than Ever”

The Securities and Exchange Commission today released the program with agenda and speakers for the June 18, 2020, virtual Small Business Forum.  The event will begin at 12 p.m. ET and, as always, will be free and open to the public. …

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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