Daily Archives: October 24, 2022, 11:49 am

SEC Names Jason J. Burt as Regional Director of the Denver Office

The Securities and Exchange Commission today announced that Jason J. Burt has been named Regional Director of the Denver Office, where he has served as Acting Co-Director since July. *** Prior to becoming Acting Co-Director of the Denver Office, Mr. Burt served as the Office’s Associate Regional Director, overseeing the region’s enforcement program beginning in 2019.  During his 18-year tenure…

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SEC Charges Mattel with Financial Misstatements and Former PwC Audit Partner with Improper Professional Conduct

The Securities and Exchange Commission today announced that California-based Mattel Inc. has agreed to pay $3.5 million to settle charges relating to misstatements in its third and fourth quarter 2017 financial statements. Separately, the SEC is initiating litigation against Joshua Abrahams, a former audit partner at PricewaterhouseCoopers LLP, or PwC, to determine whether he engaged in improper professional conduct and…

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Private Equity Scrambles to Comply With SEC Marketing Rule as Deadline Nears – WSJ

Private-equity firms are racing to adapt to new rules about marketing funds to prospective investors, anticipating a sweep by regulators to check compliance when the directive takes effect next month. The Securities and Exchange Commission’s marketing rule—430 pages of instructions intended to prevent investment advisers from misleading clients—is set to take effect Nov. 4, nearly two years after it was…

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