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The Securities and Exchange Commission today announced fraud charges against Equitable Financial Life Insurance Company for providing account statements to about 1.4 million variable annuity investors that included materially misleading statements 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 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. 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.” The Securities and Exchange Commission today adopted amendments to require certain documents filed by investment advisers, institutional investment managers, and certain other entities to be filed or submitted electronically. The amendments also make… Have a securities law question? Call New York Securities Lawyers at 212-509-6544. The Securities and Exchange Commission today announced insider trading charges against David Roda, a former software engineer at Penn National Gaming’s subsidiary Penn Interactive Ventures, in connection with the parent company’s $2 billion acquisition… Have a securities law question? Call New York Securities Lawyers at 212-509-6544. The Securities and Exchange Commission today charged New Jersey-based investment adviser Energy Capital Partners Management LP (ECP) with allocating undisclosed, disproportionate expenses to a private equity fund it advises. ECP agreed to pay a $1… Have a securities law question? Call New York Securities Lawyers at 212-509-6544. The Internal Revenue Service has cautioned taxpayers with pending tax bills to contact the IRS directly and not go to unscrupulous tax companies that use local advertising and falsely claiming they can resolve unpaid taxes for pennies on the dollar. “No one can get a better deal for taxpayers, than they can usually get for themselves by working directly with the IRS to resolve their tax issues,” said IRS Commissioner Chuck Rettig. “Taxpayers can check online for their best deal, as well as calling a specialized collection line where they can get fast service by using voice and chat bots or opting to speak with a live phone assistor.” Offer in Compromise (OIC) “mills” make outlandish claims usually in local advertising regarding how they can settle a person’s tax debt for pennies on the dollar. The reality usually is that taxpayers pay the OIC mill a fee to get the same deal they could have gotten on their own by working directly with the IRS. 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… Have a securities law question? Call New York Securities Lawyers at 212-509-6544. 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… Have a securities law question? Call New York Securities Lawyers at 212-509-6544.
Tag Archives: securities law
Equitable Financial To Pay $50 Million Penalty To Settle SEC Charges That It Provided Misleading Account Statements to Investors
Tracy S. Combs Named Director of SEC’s Salt Lake Regional Office
Mark T. Uyeda Sworn In as SEC Commissioner
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.
SEC Adopts Rules to Require Electronic Filing for Investment Advisers and Institutional Investment Managers
SEC Charges Former Employee of Online Gambling Company with Insider Trading
SEC Charges Private Equity Adviser for Failing to Disclose Disproportionate Expense Allocations to Fund
IRS Warns Using Offer in Compromise (OIC) Mills
Schwab Subsidiaries Misled Robo-Adviser Clients about Absence of Hidden Fees
SEC Reopens Comment Period for Proposed Rule on Recovery of Erroneously Awarded Compensation