Acting Chairman Mark T. Uyeda Announces Executive Staff and Other Appointments
Washington, D.C.--(Newsfile Corp. - February 4, 2025) - The Securities and Exchange Commission today announced Acting Chairman Mark T. Uyeda’s executive staff, which will advise the Acting Chairman on matters before the Commission and work closely with SEC staff. Gabriel Eckstein, Chief of Staff Steven Levine, Deputy Chief of Staff Holly Hunter-Ceci, Senior Advisor to the Acting Chairman Charles Lee, Senior Advisor to the Acting Chairman Jaime Marinaro, Senior Advisor to the Acting Chairman...
2025-02-04 11:52 AM EST
SEC Small Business Advisory Committee to Continue Discussing Challenges Facing Emerging Fund Managers, and Explore Hurdles for Small Public Companies Not Listed on a National Securities Exchange
Washington, D.C.--(Newsfile Corp. - January 30, 2025) - The Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee today released the agenda for its meeting on Tuesday, Feb. 25, 2025, which will include discussion of capital raising challenges facing emerging fund managers and hurdles facing small public companies not listed on a national securities exchange. Members of the public can watch the live meeting via webcast on www.sec.gov. The committee, which...
2025-01-30 1:23 PM EST
Acting Chairman Mark T. Uyeda Names Natalia Díez Riggin as Senior Advisor and Acting Director of Legislative and Intergovernmental Affairs
Washington, D.C.--(Newsfile Corp. - January 30, 2025) - The Securities and Exchange Commission today announced Acting Chairman Mark T. Uyeda has named Natalia Díez Riggin as Senior Advisor and Acting Director of the Office of Legislative and Intergovernmental Affairs. “I’m thrilled that Natalia has joined us after her tenure working for Chairman Scott on the Senate Banking Committee,” Acting Chairman Uyeda said. “Her expertise will help guide us as we focus our efforts at the SEC on capital...
2025-01-30 10:15 AM EST
Extension of Form PF Amendments Compliance Date
Washington, D.C.--(Newsfile Corp. - January 29, 2025) - The Securities and Exchange Commission, together with the Commodity Futures Trading Commission (CFTC), extended the compliance date for the amendments to Form PF that were adopted on Feb. 8, 2024. The compliance date for these amendments, which was originally March 12, 2025, has been extended to June 12, 2025. Form PF is the confidential reporting form for certain SEC-registered investment advisers to private funds, including those that...
2025-01-29 2:09 PM EST
SEC Publishes Annual Staff Report on Nationally Recognized Statistical Rating Organizations
Washington D.C.--(Newsfile Corp. - January 28, 2025) - The Securities and Exchange Commission’s Office of Credit Ratings (OCR) today published its annual Staff Report on Nationally Recognized Statistical Rating Organizations (NRSROs) summarizing the findings of the NRSRO examinations and discussing the state of competition, transparency, and conflicts of interest among NRSROs. “Providing effective oversight of credit ratings used by market participants is a critical component of the SEC’s...
2025-01-28 6:14 PM EST
Acting Chairman Mark T. Uyeda Names Acting Senior Staff
Washington, D.C.--(Newsfile Corp. - January 24, 2025) - The Securities and Exchange Commission today announced Acting Chairman Mark T. Uyeda’s selections for several senior roles in acting capacities across the Commission to fill vacancies created by recent departures. “These talented individuals are committed to protecting the investing public, building trust with American companies and market participants, and promoting capital formation,” Acting Chairman Uyeda said. The SEC senior staff...
2025-01-24 11:16 AM EST
SEC Crypto 2.0: Acting Chairman Uyeda Announces Formation of New Crypto Task Force
Washington, D.C.--(Newsfile Corp. - January 21, 2025) - Today SEC Acting Chairman Mark T. Uyeda launched a crypto task force dedicated to developing a comprehensive and clear regulatory framework for crypto assets. Commissioner Hester Peirce will lead the task force. Richard Gabbert, Senior Advisor to the Acting Chairman, and Taylor Asher, Senior Policy Advisor to the Acting Chairman, will serve as the task force’s Chief of Staff and Chief Policy Advisor, respectively. Drawing from talented...
2025-01-21 12:58 PM EST
Mark T. Uyeda Named Acting Chairman of the SEC
Washington, D.C.--(Newsfile Corp. - January 21, 2025) - The Securities and Exchange Commission today announced that President Donald J. Trump has designated Mark T. Uyeda as Acting Chairman of the agency. “I am honored to serve in this capacity after serving as a Commissioner since 2022, and a member of the staff since 2006,” Acting Chairman Uyeda said. “I have great respect for the knowledge, expertise, and experience of the agency and its people. The SEC has a vital mission—protecting...
2025-01-21 10:28 AM EST
SEC Announces Record Enforcement Actions Brought in First Quarter of Fiscal Year 2025
Washington D.C--(Newsfile Corp. - January 17, 2025) - The Securities and Exchange Commission today announced that, based on its preliminary results, it filed 200 total enforcement actions in the first quarter of fiscal year 2025, which ran from October through December 2024, including 118 standalone enforcement actions. The Division filed a total of 75 enforcement actions in October 2024 alone. The foregoing numbers represent the most actions filed in their respective periods since at least...
2025-01-17 6:03 PM EST
SEC Charges Arete Wealth Broker-Dealer and Advisory Firms, Their Chief Compliance Officer, and Several Representatives in Connection With Illegal Securities Offering
Washington D.C--(Newsfile Corp. - January 17, 2025) - The Securities and Exchange Commission today announced charges against Joey Miller, Jeff Larson, and Randy Larson, formerly dually registered personnel with Arete Wealth Management LLC, a broker-dealer, and Arete Wealth Advisors LLC, an affiliated investment adviser, for fraud, registration violations, and aiding and abetting Arete Wealth Management’s recordkeeping violations. The SEC also charged Arete Wealth Advisors and its Chief...
2025-01-17 6:01 PM EST
SEC Announces Departure of Acting Enforcement Director Sanjay Wadhwa
Washington D.C--(Newsfile Corp. - January 17, 2025) - The Securities and Exchange Commission today announced that Sanjay Wadhwa, the Acting Director of the Division of Enforcement, will depart the agency, effective January 31, 2025, after more than 21 years of service with the Commission. “I thank Sanjay for leading the Division of Enforcement and his dedication to the SEC, which began as a staff attorney more than 20 years ago,” said SEC Chair Gary Gensler. “He has led a division that has...
2025-01-17 5:59 PM EST
SEC Announces Departure of Public Affairs Head Scott Schneider
Washington, D.C.--(Newsfile Corp. - January 17, 2025) - The Securities and Exchange Commission today announced the departure of Scott Schneider, a counselor to Chair Gary Gensler and Director of the Office of Public Affairs (OPA), effective next month. Mr. Schneider has served in the role since April 19, 2021. “I want to thank Scott for his leadership of the Office of Public Affairs,” said SEC Chair Gary Gensler. “Scott is an exceptionally talented communications strategist and has been the...
2025-01-17 3:14 PM EST
SEC Policy Director Corey Klemmer to Step Down
Washington, D.C.--(Newsfile Corp. - January 17, 2025) - The Securities and Exchange Commission today announced that Corey Klemmer will step down from her role as Policy Director, a role she has held since May 2024. She joined the SEC as Corporation Finance Counsel to Chair Gary Gensler in July 2021. “I thank Corey for her service as Policy Director and before that, Policy Counsel,” said SEC Chair Gary Gensler. “She has led a policy team that has lowered costs, lowered risks, and enhanced...
2025-01-17 1:26 PM EST
SEC Announces Departure of Chief of Staff Amanda Fischer
Washington, D.C.--(Newsfile Corp. - January 17, 2025) - The Securities and Exchange Commission today announced the departure of Amanda Fischer, who has served as Chief of Staff since Jan. 1, 2023. She joined the agency as a Senior Counselor to Chair Gary Gensler in June 2021. “I want to thank Amanda for serving as SEC Chief of Staff, and before that, as Senior Counselor to the Chair,” said SEC Chair Gary Gensler. “Amanda is a remarkably talented leader, both as a manager and as a strategist....
2025-01-17 1:07 PM EST
Vanguard to Pay More Than $100 Million to Resolve Violations Related to Target Date Retirement Funds
Washington, D.C.--(Newsfile Corp. - January 17, 2025) - The Securities and Exchange Commission today announced that The Vanguard Group, Inc. will pay $106.41 million to settle charges for misleading statements related to capital gains distributions and tax consequences for retail investors who held Vanguard Investor Target Retirement Funds (Investor TRFs) in taxable accounts. The settlement amount will be distributed to harmed investors. The SEC’s order finds that, on December 11, 2020,...
2025-01-17 12:12 PM EST
SEC Charges Pennsylvania Investment Adviser Scott Mason With Misappropriating More Than $20 Million from Advisory Clients
Washington, D.C.--(Newsfile Corp. - January 17, 2025) - The Securities and Exchange Commission today charged former Pennsylvania-based investment adviser Scott J. Mason, and his companies Rubicon Wealth Management LLC and Orchard Park Real Estate Holdings LLC, with misappropriating more than $20 million from at least 13 Rubicon advisory clients. According to the SEC’s complaint, from at least 2014 to 2024, Mason made unauthorized transfers of money from Rubicon clients’ accounts to his own...
2025-01-17 12:10 PM EST
SEC Charges Paul McCabe and PMAC Consulting with Acting as Unregistered Brokers for Pre-IPO Stocks
Washington, D.C.--(Newsfile Corp. - January 17, 2025) - The Securities and Exchange Commission today announced that Paul John McCabe Jr. and his unregistered firm PMAC Consulting LLC have agreed to pay $3 million to resolve SEC charges for illegally brokering transactions involving the stock of private companies that were expected to undertake an initial public offering (IPO). According to the SEC’s order, McCabe consented to a permanent bar from broker activity by the Financial Industry...
2025-01-17 11:14 AM EST
SEC Charges GrubMarket with Overstating Revenue to Investors by More Than $500 Million
Washington, D.C.--(Newsfile Corp. - January 17, 2025) - The Securities and Exchange Commission today announced settled charges against GrubMarket Inc., a private, California-based e-commerce food distributor, for providing investors with financial information that the company should have known was unreliable and that overstated its historical revenues by approximately $550 million. According to the SEC’s Order, between November 2019 and February 2021, GrubMarket raised approximately $80...
2025-01-17 10:15 AM EST
SEC Charges LPL Financial with Anti-Money Laundering Violations
Washington, D.C.--(Newsfile Corp. - January 17, 2025) - The Securities and Exchange Commission today announced charges against broker-dealer and investment adviser LPL Financial LLC for multiple failures related to its anti-money laundering (AML) program. To resolve the SEC’s charges, LPL agreed to pay a civil penalty of $18 million and to implement improvements to its AML policies and procedures. According to the SEC order, from at least May 2019 through December 2023, LPL experienced...
2025-01-17 9:28 AM EST
SEC Charges Pair of Wells Fargo Advisory Firms and Merrill Lynch with Compliance Failures Relating to Cash Sweep Programs
Washington, D.C.--(Newsfile Corp. - January 17, 2025) - The Securities and Exchange Commission today announced settled charges against registered investment advisers Wells Fargo Clearing Services LLC and Wells Fargo Advisors Financial Network LLC (collectively Wells Fargo Advisors) and against Merrill Lynch, Pierce, Fenner & Smith Incorporated (Merrill Lynch) for failing to adopt and implement written policies and procedures reasonably designed to prevent violations of the Advisers Act and...
2025-01-17 9:26 AM EST