‘Enforcement 40’ for 2020
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By Securities Docket on May 19, 2023, 8:06 am
Grewal is working to quicken the pace of investigations, noting that when he started with the SEC the average length of an investigation was 24 months. Grewal was appointed director of the Division of Enforcement in 2021. “It’s important for accountability, for public trust to move those investigations more quickly, and it’s important for the […]
By Securities Docket on April 17, 2023, 7:53 am
The Securities and Exchange Commission’s enforcement staff told Bittrex in March it would recommend that the agency sue the company over alleged violations of investor-protection laws, according to David Maria, the company’s general counsel. Seattle-based Bittrex was already prepared to wind down its U.S. operations when it got the notice, Mr. Maria said, citing the […]
By Securities Docket on March 22, 2023, 7:53 pm
Coinbase Global Inc. said it received a notice from the SEC formally declaring the securities regulator’s plans to bring an enforcement action against the largest US crypto exchange, the latest development in a long-running dispute between the watchdog and the digital-asset company. Securities and Exchange Commission Chair Gary Gensler has repeatedly said many of the […]
By Securities Docket on September 8, 2021, 7:41 am
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 […]
By Securities Docket on October 7, 2020, 8:14 am
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 […]
By Securities Docket on October 10, 2013, 8:05 pm
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. […]
By Securities Docket on December 7, 2012, 1:53 pm
SEC reportedly believes information on Facebook page was material and subject to Regulation FD.
By Securities Docket on October 5, 2012, 11:08 am
ISS discloses receipt of Wells Notice from SEC following whistleblower complaint against a subsidiary.
By Securities Docket on December 23, 2011, 5:48 pm
Hedge-fund manager rejects SEC settlement offer that would have banned him from securities industry.