U.S. Securities and Exchange Commission

Three Charged in $4.7M Insider Trading Case
Risk & Compliance

Three Charged in $4.7M Insider Trading Case

The SEC says David Schottenstein and two of his close friends traded in advance of announcements involving companies with which his family was associated.
By Matthew Heller | January 7, 2022
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SEC Allows Apple Shareholder Vote on NDAs
Risk & Compliance

SEC Allows Apple Shareholder Vote on NDAs

An activist investor has proposed that Apple's board review the company's use of non-disclosure agreements and other concealment clauses.
By Matthew Heller | December 23, 2021
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SEC Issues Risk Disclosure Guidance for Chinese Issuers
Risk & Compliance

SEC Issues Risk Disclosure Guidance for Chinese Issuers

“Recent events have highlighted the risks associated with investing in companies that are based in or that have the majority of their operations" in China.
By Matthew Heller | December 22, 2021
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Nikola Fined $125M for Investor Fraud
Risk & Compliance

Nikola Fined $125M for Investor Fraud

The SEC says the electric vehicle maker misled investors about key aspects of its business, including its technology and a partnership with General Motors.
By Matthew Heller | December 21, 2021
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SEC Proposes Tighter Insider Trading Rule for Execs
Risk & Compliance

SEC Proposes Tighter Insider Trading Rule for Execs

The proposal addresses the safe harbor for CFOs and other corporate executives who make trades as part of a pre-announced portfolio management plan.
By Matthew Heller | December 15, 2021
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SEC Chief Outlines Possible SPAC Reforms
Risk & Compliance

SEC Chief Outlines Possible SPAC Reforms

“Functionally, the SPAC target IPO is akin to a traditional IPO. Thus, investors deserve the protections they receive from traditional IPOs."
By Matthew Heller | December 9, 2021
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American Renal Execs Charged With Manipulating Revenue
Risk & Compliance

American Renal Execs Charged With Manipulating Revenue

The SEC says the dialysis provider improperly recognized “topside” adjustments in revenue to hit targets for two key financial metrics.
By Matthew Heller | December 7, 2021
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SEC Finalizes Rules on Chinese Issuers
Regulation

SEC Finalizes Rules on Chinese Issuers

The commission will use the rules to apply a law that allows it to delist issuers for failing to open their books to the PCAOB.
By Matthew Heller | December 3, 2021
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Pharma CFO Charged With Insider Trading
Risk & Compliance

Pharma CFO Charged With Insider Trading

Usama Malik allegedly gave nonpublic information about an Immunomedics drug to his then-girlfriend while he was the firm's CFO.
By Matthew Heller | December 3, 2021
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SEC Tightens Guidance on ‘Spring-Loaded’ Options
Risk & Compliance

SEC Tightens Guidance on ‘Spring-Loaded’ Options

The guidance applies to how public companies value stock options awarded to executives ahead of the release of market-moving news.
By Matthew Heller | November 29, 2021
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Ex-ProPetro CEO Fined Over Undisclosed Perks
Risk & Compliance

Ex-ProPetro CEO Fined Over Undisclosed Perks

The SEC says ProPetro and former CEO Dale Redman failed to disclose it had reimbursed him for more than $400,000 in personal and travel expenses.
By Matthew Heller | November 23, 2021
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McKinsey Fined $18M Over Compliance Failures
Risk & Compliance

McKinsey Fined $18M Over Compliance Failures

The SEC says the consulting firm failed to set appropriate boundaries between its consultants and an affiliate that makes investments for them.
By Matthew Heller | November 19, 2021
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SEC Enforcement Activity Drops 15% in 2021
Risk & Compliance

SEC Enforcement Activity Drops 15% in 2021

The decline in actions against public companies and subsidiaries reflects the continuing impact of the pandemic and the change of leadership at the SEC.
By Matthew Heller | November 17, 2021
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McKinsey Consultant Accused of Insider Trading
Risk & Compliance

McKinsey Consultant Accused of Insider Trading

Puneet Dikshit allegedly profited from inside information he had obtained while advising Goldman Sachs about a potential acquisition.
By Matthew Heller | November 10, 2021
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PCAOB Revamped With Four New Members
Regulation

PCAOB Revamped With Four New Members

“With these additions to the board, the PCAOB will have the leadership to meet the mission given to it by Congress.”
By Matthew Heller | November 9, 2021
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