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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInSEC Enforcer: ‘You Bet’ There Will Be More Sweeps — Financial Advisor IQ
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 […]
SEC Targets Bittrex, Fallen Giant of U.S. Crypto Exchanges – WSJ
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 […]
Coinbase Gets SEC Wells Notice Over Crypto Offerings – Bloomberg
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 […]
Coinbase 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.