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The SEC can bring a civil action in a U.S. District Court, or an administrative proceeding which is heard by an independent administrative law judge (ALJ). The SEC does not have criminal authority, but may refer matters to state and federal prosecutors. The director of the SEC's Enforcement Division Robert Khuzami left the office in February ...
The US Securities and Exchange Commission fined six major credit rating organizations a total of $49 million for their “significant failures” to keep electronic communications.
Henry T. C. Hu, a corporate and securities law professor at the University of Texas law school, stated, "What the law requires is so clear that I am genuinely surprised that anyone would do this" [1] Jacob S. Frenkel, a former senior counsel in the SEC's division of enforcement, commented in regards to the small size of the fine: "They are ...
The SEC has a three-part mission: to protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation. [8]To achieve its mandate, the SEC enforces the statutory requirement that public companies and other regulated entities submit quarterly and annual reports, as well as other periodic disclosures.
The SEC has been pursuing an anti-crypto agenda led by ad hoc enforcement action. This is just the latest example of its regulatory overreach.” This story was originally featured on Fortune.com
The appeals court found that the SEC’s case against Jarkesy, resulting in a $300,000 civil fine and the repayment of $680,000 in allegedly ill-gotten gains, should have been heard in a federal ...
The U.S.-based company was sued by the SEC twice in 2023, although it settled the first enforcement action. ... Kraken became one of the first recipients of a new wave of SEC enforcement actions ...
The regulation and prosecution of securities fraud violations is undertaken on a broad front, involving numerous government agencies and self-regulatory organizations. One method of regulating and restricting a specific type of fraud perpetrated by pump and dump manipulators , is to target the category of stocks most often associated with this ...