SEC Charges Silicon Valley-Based Issuer With Misleading Disclosure Violations

The Securities and Exchange Commission today announced that Marvell Technology Group, Ltd. will pay $5.5 million to settle charges that it misled investors when it engaged in an undisclosed revenue management scheme in order to meet publicly-issued…
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James M. Daly, Division of Corporation Finance Associate Director, to Retire from the SEC After More Than 38 Years of Service

The Securities and Exchange Commission today announced that James M. Daly, Division of Corporation Finance Associate Director, will retire at the end of the month after more than 38 years of service at the SEC. As an Associate Director overseeing the…
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SEC Proposes Transparency and Financial Accountability Amendments to the CAT NMS Plan

The Securities and Exchange Commission today voted to propose amendments to the national market system plan governing the Consolidated Audit Trail (the “CAT NMS Plan”).  The proposed amendments to the CAT NMS Plan would require self-regulatory…
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Chandler Smith Costello Named Deputy Director for Public Affairs

The Securities and Exchange Commission today announced Chandler Smith Costello has been named Deputy Director for the Office of Public Affairs. Costello comes to the SEC from the Office of Senate Majority Whip John Thune where she served as his…
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SEC and CFTC Charge Options Clearing Corp. With Failing to Establish and Maintain Adequate Risk Management Policies

The Securities and Exchange Commission and the Commodity Futures Trading Commission today announced that the Options Clearing Corporation (OCC) will undertake remedial efforts and pay $20 million in penalties to settle charges that it failed to implement…
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