U.S. Securities and Exchange Commission
Clearinghouse Fined $20M for Violating Standards
Regulators say Options Clearing Corp. failed to establish and enforce policies and procedures involving financial risk management.
Ex-Live Well Execs Accused of $130M Loan Fraud
The reverse mortgage firm's former CEO and CFO allegedly obtained millions of dollars in loans by grossly inflating the value of bonds used as collateral.
Ex-Illumina Accountant Accused of Insider Trading
Martha Bustos allegedly passed on tips about the biotech firm's quarterly results to a close friend as part of a $6 million scam.
SEC Charges Longfin CEO With Accounting Fraud
Venkata Meenavalli, who was previously accused of illegal stock distribution, is now also facing charges that he falsified nearly 90% of Longfin's revenue.
SEC Sues App Developer Kik Over $100M ICO
"The securities laws should not be applied to a currency used by millions of people in dozens of apps," Kik responds.
Bricker to Step Down as SEC Chief Accountant
Wes Bricker's three-year tenure will end in June, with his deputy Sagar Teotia taking over as acting chief accountant.
Major Landlord Accused of ‘Ponzi-Like’ Fraud
The SEC says Robert Morgan misused investor money from securities sales because his real-estate empire business empire "was in constant need of cash."
SEC Approves New Stock Exchange for Startups
The Long-Term Stock Exchange aims to provide "a new way of being public" that puts long-term value creation ahead of quarterly results.
SEC Approves Audit Exemption for Smaller Firms
Requiring smaller companies to have their internal controls audited "may not be an efficient way of benefiting and protecting investors."
Kraft Heinz to Restate Results for Nearly 3 Years
The company says employee misconduct resulted in the cost of products sold being understated by $181 million.
Apple Supplier Accused of Lying About Contract
The ex-CEO of GT Advanced Technologies allegedly misled investors about the company's performance of an agreement to supply sapphire glass for iPhones.