Lori H. Price Named Director of Office of Credit Ratings

The Securities and Exchange Commission today announced that Lori H. Price has been named Director of the Office of Credit Ratings (OCR), effective Aug. 14, 2022. She has served as Acting Director since February 2022 and has more than 30 years of…

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SEC Proposes Rules to Improve Clearing Agency Governance and to Mitigate Conflicts of Interest

The Securities and Exchange Commission today proposed new rules to help improve governance arrangements across all registered clearing agencies by reducing the likelihood that conflicts of interest may influence the board of directors or equivalent…

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SEC Charges Convertible Note Dealer and its Long Island-Based Owners for Failure to Register

The Securities and Exchange Commission today announced settled charges against a convertible note dealer, Crown Bridge Partners, LLC, and its managing members, Soheil and Sepas Ahdoot of Great Neck, N.Y., for failing to register with the SEC as…

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SEC Appoints Anthony C. Thompson to Second Term on PCAOB

The Securities and Exchange Commission today announced the appointment of Anthony (Tony) C. Thompson to a second term as a Board Member of the Public Company Accounting Oversight Board (PCAOB). Mr. Thompson joined the Board on January 3, 2022, filling a…

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SEC Small Business Advisory Committee to Discuss Liquidity Challenges for Investors in Small and Emerging Businesses

The Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee today released the agenda for its virtual meeting on Tuesday, Aug. 2, which will address liquidity challenges for investors in small and emerging businesses.…

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SEC Re-Proposes Amendments to Exemption From National Securities Association Membership

The Securities and Exchange Commission today re-proposed rule amendments that would narrow the exemption from Section 15(b)(8) of the Securities Exchange Act, which requires any broker or dealer registered with the Commission to become a member of a…

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New Report from the Small Business Forum Includes Recommendations to Improve Capital Raising

The Securities and Exchange Commission today released a report to Congress, which summarizes policy recommendations made during the 41st Annual Government-Business Forum on Small Business Capital Formation. The report provides a summary of the forum…

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SEC Charges Former Indiana Congressman with Insider Trading

The Securities and Exchange Commission today filed insider trading charges against Stephen Buyer, a former U.S. Representative for Indiana’s 4th Congressional District. According to the SEC’s complaint, after leaving Congress in 2011, Buyer formed a…

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SEC Files Multiple Insider Trading Actions Originating from the Market Abuse Unit’s Analysis and Detection Center

The Securities and Exchange Commission today filed insider trading charges against nine individuals in connection with three separate alleged schemes that together yielded more than $6.8 million in ill-gotten gains. Those charged include a former chief…

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