The Securities and Exchange Commission filed 784 enforcement actions, obtained $4.949 billion in monetary relief, including almost $1 billion returned to investors, and processed more than 18,000 whistleblower tips, the agency says in its fiscal year 2023 enforcement report.
Tag: SEC
SEC Sues SolarWinds Over 2020 Hack Attributed to Russians
The Securities and Exchange Commission on Monday sued SolarWinds, the software company victimized by Russian-linked hackers over three years ago, alleging the firm defrauded shareholders by repeatedly misleading them about its cyber vulnerabilities and the ability of attackers to penetrate its systems.
Lyft to Pay $10M for Concealing Director’s Role in Pre-IPO Stock Sale
Ridesharing company Lyft Inc. has agreed to pay a $10 million civil penalty to resolve Securities and Exchange Commission (SEC) allegations that it failed to report a board director’s involvement in a $424 million private share sale before the company’s initial public offering (IPO).
Driver’s License, Social Security Numbers ‘Copied’, Caesars Tells SEC
The driver’s license and Social Security numbers “for a significant number of members” of the Caesars Rewards program were copied by an “unauthorized actor,” Caesars Entertainment said in a report to the Securities and Exchange Commission released Thursday.
3M to Pay More than $6.5M for Violating Certain Provisions of the Foreign Corrupt Practices Act
3M has agreed to pay more than $6.5 million to resolve charges that it violated the books and records and internal controls provisions of the Foreign Corrupt Practices Act, the Securities and Exchange Commission said Friday.
SEC Overhauls Rules for $20 Trillion Private Fund Industry
The U.S. securities regulator on Wednesday adopted new rules that will shine a light on private equity and hedge fund expenses and fees, in what executives and lawyers said marks a sweeping overhaul for an industry long criticized for its opacity.
SEC Asked Coinbase Not to Trade Any Cryptocurrency Other than Bitcoin Before Suing the Platform
The U.S. Securities and Exchange Commission (SEC) urged cryptoasset exchange platform Coinbase to cease trading any other cryptocurrency besides bitcoin before proceeding early last June to sue the company for operating as an unregistered exchange, Coinbase CEO Brian Armstrong has revealed.
SEC Adopts New Cyber-Incident Disclosure Rules for Public Companies
The Securities and Exchange Commission (SEC) adopted new rules requiring publicly traded companies to disclose hacking incidents, a measure officials said was to help the investing public contend with the mounting cost and frequency of cyber attacks.
Fed, SEC Probing Goldman Sachs’s Role in SVB’s Final Days
The Federal Reserve and the Securities and Exchange Commission are investigating Goldman Sach’s role in buying Silicon Valley Bank’s securities portfolio while it was working on its doomed capital raise before the bank’s failure, according to people familiar with the matter.
SEC Lawsuits Against Cryptocurrency Companies Raise Questions About Industry’s Future
First came the crypto winter, then the alleged fraud wrought by FTX founder Sam Bankman-Fried, and now the lawsuits.