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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInCoinbase Gets Wells Notice From the SEC on Lend Product – Bloomberg
Coinbase Global Inc. was warned by the Securities and Exchange Commission against launching a product that would allow consumers to earn interest on their crypto holdings. The U.S.’s biggest cryptocurrency exchange said it received a Wells notice saying the agency will bring an enforcement action if the company goes ahead with its Lend product. Coinbase […]
GE Says It Has Received ‘Wells Notice’ From SEC Relating to Accounting Investigation — Update | MarketScreener
Federal securities regulators have warned General Electric Co. the company could face a civil-enforcement action over its accounting for a legacy insurance business, adding a fresh hurdle to efforts to turn around the once-mighty manufacturer. The industrial giant said in a securities filing Tuesday that it received the so-called Wells notice on Sept. 30 over […]
New Data Show SEC Drops 20% of Investigations Following Wells Notice – Compliance Week
The SEC’s Wells process allows people and entities in the SEC’s crosshairs to file a submission with the Commission to try to persuade it not to bring a case. New data for a recent two-year period show that approximately 20% of individuals who received a Wells notice from the SEC ended up not facing charges. […]
Netflix and its CEO Receive Wells Call Over Supposed ‘Disclosure’ Via Facebook Post
SEC reportedly believes information on Facebook page was material and subject to Regulation FD.
SEC Issues Wells Notice to Proxy Adviser ISS
ISS discloses receipt of Wells Notice from SEC following whistleblower complaint against a subsidiary.
Falcone Rejects an Offer by SEC
Hedge-fund manager rejects SEC settlement offer that would have banned him from securities industry.
Falcone’s Harbinger Capital Gets SEC ‘Wells Notice’
Harbinger Capital discloses “Wells Notices” from the staff of the SEC.
Standard & Poor’s has argued SEC should drop case
S&P argues to SEC why agency should not commence enforcement proceedings related to ratings of subprime mortgage-related securities.
SEC May Recommend Legal Action Against S&P
McGraw-Hill Cos., which owns S&P, says it received Wells Notice from SEC’ last week.
Mudd Wells Call Hits 180-Day Deadline Under Dodd-Frank – Compliance Week
March 2011 Wells call to former CEO of Fannie Mae may be first case to come to a head under deadline set forth in Section 929U of Dodd-Frank.