The Securities and Exchange Commission today charged Miami resident Andres L. Pimstein and two private companies, The Bottom Line of South Florida, Inc. and Summit Trading LLC, with securities fraud for conducting a $30 million Ponzi scheme.
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The Securities and Exchange Commission today announced the expected panelists for its October 29 roundtable concerning mark-to-market accounting.
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The Securities and Exchange Commission and the North American Securities Administrators Association (NASAA) today announced they will waive the initial set-up and annual system fees paid by investment adviser firms to maintain the Investment Adviser Registration Depository (IARD) system.
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The Securities and Exchange Commission has adopted rule revisions to require that mutual funds and other companies seeking exemptions under the Investment Company Act submit their applications electronically. This change will enable investors to access these filings sooner and the Commission to consider them more quickly.
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The Securities and Exchange Commission announced today that it has completed its largest regional training program ever, the Capital Market Development, Enforcement and Oversight Training Program, held in Istanbul, Turkey, from October 20 to 24. The five-day program, which was hosted and co-sponsored by the Capital Markets Board of Turkey (CMBT), included intensive training on methods for conducting investigations of insider trading, financial accounting fraud, market manipulation, pyramid schemes, and broker-dealer abuses. The training also included instruction on broker dealer examinations, compliance, and a variety of market development topics, as well as discussion of issues raised by current market events.
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The Securities and Exchange Commission today announced that the second-highest number of enforcement actions in agency history took place in fiscal year 2008. For the second year in a row, the SEC also returned more than $1 billion to harmed investors through Fair Fund distributions.
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The Securities and Exchange Commission today announced that it will hold its annual forum on small business capital formation on Nov. 20, 2008, at its Washington, D.C., headquarters.
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The Securities and Exchange Commission announced today that on Oct. 29, 2008, at 9 a.m. ET, it will host the first of two roundtables on “mark-to-market” accounting and current market conditions.
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The Securities and Exchange Commission and the Financial Industry Regulatory Authority (FINRA) today announced that the second annual CCOutreach BD National Seminar will be held on March 10, 2009, in Washington, D.C. The seminar helps provide a forum for discussion on effective compliance practices and timely compliance issues in ever-changing markets.
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The Securities and Exchange Commission today announced the selection of Dr. Amy Edwards as Assistant Chief Economist for Markets and Intermediaries in the agency’s Office of Economic Analysis.
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