He will be the first cryptocurrency policy and blockchain technology expert to take the reins at the SEC.
“Celebrities, like anyone else, can be lured into participating in a risky investment or may be better able to sustain the risk of loss.”
The popular trading app agreed to pay $65 million over allegations of misleading customers and mishandling trades.
Megan Zietsman, chief auditor and director of professional standards of the PCAOB, will replace Jim Kaiser, who is retiring.
The $3.5 million settlement is a rare enforcement action against a ratings agency over conflicts.
Now is not the time to eliminate important investor information. It is a time to enhance and improve some of the key sections of registrant filings.
On Monday, the SEC proposed changing the rules to keep auditor committees and auditors from spending time on "non-substantive" rule breaches.
Proposed rule changes would pressure proxy advisory firms to take a more management-friendly stance in their reports and vote recommendations.
The accounting firm agreed to a $950,000 penalty and to engage an independent consultant to evaluate its current quality controls.
The commission proposes a more principles-based, less-prescriptive approach to business description and risk factor disclosures.
The SEC said traders made misleading statements and the bank failed to properly monitor them.
Five years after GT Advanced Technologies went bankrupt, the company and its ex-CEO, facing overwhelming evidence, cop to SEC allegations.
