The Securities and Exchange Commission today announced awards of more than $24 million to two whistleblowers whose information and assistance led to an SEC enforcement action and an action brought by another agency. The first whistleblower will receive… SEC Press Release
Month: August 2024
SEC Charges Sound Point Capital Management for Compliance Failures in Handling of Nonpublic Information
The Securities and Exchange Commission today announced settled charges against New York-based registered investment adviser Sound Point Capital Management LP for failing to establish, maintain, and enforce written policies and procedures reasonably… SEC Press Release
SEC Adopts Reporting Enhancements for Registered Investment Companies and Provides Guidance on Open-End Fund Liquidity Risk Management Programs
The Securities and Exchange Commission today adopted amendments to reporting requirements on Form N-PORT to provide the Commission and investors with more timely information about certain registered investment companies (funds). Form N-PORT reports… SEC Press Release
SEC Charges U.S. Navy Shipbuilder Austal USA with Accounting Fraud
The Securities and Exchange Commission today announced that Austal USA, LLC, a Mobile, Alabama-based shipbuilder, and its Australia-based parent company, Austal Limited, have agreed to settle the SEC’s charges that the companies conducted a fraudulent… SEC Press Release
SEC Charges China-based QZ Asset Management Ltd. and its CEO in Pre-IPO Fraud Scheme
The Securities and Exchange Commission today announced charges against China-based investment adviser QZ Asset Management Limited a/k/a Qianze Asset Management Limited (QZ Asset), its South Dakota-based holding company QZ Global Limited, and the CEO of… SEC Press Release
SEC Charges Brothers Jonathan and Tanner Adam with $60 Million Ponzi Scheme
The Securities and Exchange Commission today announced that it obtained emergency asset freezes against Jonathan Adam, a resident of Angleton, Texas, and his brother, Tanner Adam, a resident of Miami, Florida, and against their respective entities, GCZ… SEC Press Release
SEC Charges Abra with Unregistered Offers and Sales of Crypto Asset Securities
The Securities and Exchange Commission today filed settled charges against Plutus Lending LLC, which does business as Abra, for failing to register the offers and sales of its retail crypto asset lending product, Abra Earn. The SEC also charged Abra with… SEC Press Release
There is no Place Like the US Housing Market
From our friends at New Edge Wealth.. There’s No Place Like the U.S. Housing Market
SEC Issues Awards Totaling $98 Million to Two Whistleblowers
The SEC’s Landmark Whistleblower Awards The Securities and Exchange Commission (SEC) recently made headlines by awarding over $98 million to two whistleblowers whose information and cooperation led to significant enforcement actions. These payouts demonstrate whistleblowers’ crucial role in upholding financial markets’ integrity. Whistleblower Information Sparks Major Investigations The SEC’s investigations […]
SEC Adopts Rule to Update Definition of Qualifying Venture Capital Funds
SEC Adopts New Rule Increasing Threshold for Venture Capital Funds The Securities and Exchange Commission (SEC) has adopted a new rule that updates the dollar threshold for a fund to qualify as a “qualifying venture capital fund” under the Investment Company Act of 1940. This rule raises the threshold to […]
