Securities Law

SEC Investor Advisory Committee to Discuss Proposals to Improve Equity Market Structure and Examine the Use of Materiality as a Disclosure Standard

February 29, 2024

The Securities and Exchange Commission’s Investor Advisory Committee will hold a public meeting on March 7 at 10 a.m. ET at the SEC Headquarters in Washington, D.C. The meeting will also be webcast on the SEC website. The committee will host two panels… Full report at: Read More

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SEC Announces Departure of William Birdthistle; Natasha Vij Greiner Named Director of the Division of Investment Management

February 28, 2024

The Securities and Exchange Commission today announced that William Birdthistle, the Director of the Division of Investment Management, will depart the agency, effective March 8, 2024. Natasha Vij Greiner, currently the Deputy Director of the Division of… Full report at: Read More

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SEC Charges Former Alfi CEO Paul Pereira with Fraud for Making False Statements on Social Media

February 27, 2024

The Securities and Exchange Commission today charged Paul A. Pereira, the former CEO and co-founder of Alfi, Inc., with making materially false and misleading statements on social media about the company’s financial and performance metrics in an attempt… Full report at: Read More

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SEC Updates Ethics Rules Governing Securities Trading by Agency Personnel

February 22, 2024

The Securities and Exchange Commission today adopted amendments to its ethics rules to strengthen and modernize its ethics compliance program. The amendments update the SEC’s existing, robust ethics requirements that govern the securities holdings and… Full report at: Read More

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SEC Charges Husband of Energy Company Manager with Insider Trading

February 22, 2024

The Securities and Exchange Commission today charged Tyler Loudon of Houston, Texas, with insider trading ahead of a February 2023 announcement that London-based oil and gas company BP p.l.c. agreed to acquire TravelCenters of America Inc., a full-… Full report at: Read More

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SEC Small Business Advisory Committee to Discuss the Accredited Investor Definition and the State of the IPO Market

February 16, 2024

The Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee today released the agenda for its meeting on Tuesday, Feb. 27, which will include a discussion of the accredited investor definition and initial public offerings… Full report at: Read More

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SEC Charges TIAA Subsidiary for Failing to Act in the Best Interest of Retail Customers

February 16, 2024

The Securities and Exchange Commission today announced that registered broker-dealer TIAA-CREF Individual & Institutional Services LLC (TC Services), a subsidiary of Teachers Insurance and Annuity Association of America (TIAA), will pay more than $2.… Full report at: Read More

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SEC Publishes Annual Staff Report on Nationally Recognized Statistical Rating Organizations

February 16, 2024

The Securities and Exchange Commission’s Office of Credit Ratings published its annual Staff Report to Congress today on Nationally Recognized Statistical Rating Organizations (NRSROs), commonly known as credit rating agencies, to provide findings… Full report at: Read More

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SEC Charges Van Eck Associates for Failing to Disclose Influencer’s Role in Connection with ETF Launch

February 16, 2024

The Securities and Exchange Commission today announced that registered investment adviser Van Eck Associates Corporation has agreed to pay a $1.75 million civil penalty to settle charges that it failed to disclose a social media influencer’s role in the… Full report at: Read More

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SEC Proposes Rule to Update Definition of Qualifying Venture Capital Funds

February 14, 2024

The Securities and Exchange Commission today proposed a rule that would update the dollar threshold for a fund to qualify as a “qualifying venture capital fund” for purposes of the Investment Company Act of 1940 (Act). The rule would update the dollar… Full report at: Read More

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