The United States’ (U.S’) Securities and Exchange Commission at the weekend announced charges against J.P. Morgan Securities LLC (JPMS), a broker-dealer subsidiary of JPMorgan Chase & Co., for widespread and longstanding failures by the firm and its employees to maintain and preserve written communications. The firm admitted the facts set forth in the SEC’s order […]
The United States’ Securities and Exchange Commission (SEC) has awarded nearly $5 million to a whistleblower, who provided critical information and assistance that led to the success of a covered action. A statement by the investment regulatory commission indicated that the whistleblower’s information helped it to more quickly and efficiently to bring an action that […]
The US Securities and Exchange Commission (SEC) has adopted amendments to finalize rules implementing the submission and disclosure requirements in the Holding Foreign Companies Accountable Act (HFCAA). A statement by the commission indicated that the rules apply to registrants the SEC identifies as having filed an annual report with an audit report issued by a […]
The United States’ Securities and Exchange Commission (SEC) on Monday announced that Texas-based oilfield services company ProPetro Holding Corp. and its founder and former CEO, Dale Redman, had agreed to settle charges that they failed to properly disclose some of Redman’s executive perks and two stock pledges. A statement issued by the commission on the […]
The U.S Securities and Exchange Commission (SEC) at the weekend announced awards of approximately $11.5 million to two whistleblowers whose information and assistance contributed to the success of an SEC enforcement action. The first whistleblower received an award of nearly $7 million, while the second whistleblower received more than $4.5 million. The investments market […]
JP Morgan, an American multinational investment bank and financial services holding company, is set to launch a Bitcoin Fund for its wealthier clients as the cryptocurrency market space continues to elicit investors’ interest, despite the bank CEO’s, Jamie Dimon’s, skepticism about the digital currency. Although details about the investment plans remain sketchy, news reports trending […]
The U.S. Securities and Exchange Commission (SEC), is strengthening its focus on data-driven investigations. The agency’s two areas targeted for recent enforcement are, corporate entities’ manipulations to achieve earnings per share (EPS) estimates, and undisclosed executive compensation, especially as it related to executives’ usage of corporate aircraft. An Assistant Regional Director of the commission, Diana […]