Tag Archives: SEC

SEC Chair To Step Down Ahead Of Biden Changeover

CNBC reports: Jay Clayton, who has led the Securities and Exchange Commission for the past three and a half years that included a number of major changes in financial markets, said Monday he will step down at the end of the year. “Working alongside the incredibly talented and driven women and men of the SEC has been the highlight of …

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DOJ And SEC Probe Stock Transactions By Lawmakers

CNN reports: The Justice Department has started to probe a series of stock transactions made by lawmakers ahead of the sharp market downturn stemming from the spread of coronavirus, according to two people familiar with the matter. The inquiry, which is still in its early stages and being done in coordination with the Securities and Exchange Commission, has so far …

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SEC Asks Federal Court To Hold Elon Musk In Contempt

Bloomberg reports: The U.S. Securities and Exchange Commission asked a judge to hold Elon Musk in contempt for violating his Oct. 16 settlement with the agency requiring him to seek pre-approval from Tesla Inc. for social media posts and other written communication that would be material to the company or investors, Bloomberg News reports. CNBC reports: The SEC’s enforcement action …

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NEW YORK CITY: Feds File Charges In $81M Ponzi Scheme Involving Resale Of Tickets To Hamilton

Via press release from the SEC: The Securities and Exchange Commission today announced fraud charges against two New York City men accused of running a Ponzi scheme with money raised from investors to fund businesses purportedly created to purchase and resell tickets to such high-demand shows as Adele concerts and the Broadway musical Hamilton. The SEC alleges that Joseph Meli …

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Trump Taps Goldman Sachs Advisor To Head SEC

Swampity swamp swamp. The New York Times reports: President-elect Donald J. Trump said on Wednesday that he planned to nominate Jay Clayton, a partner with the prominent New York law firm Sullivan & Cromwell, to lead the Securities and Exchange Commission, the latest appointment with strong ties to Wall Street. If confirmed, Mr. Clayton will be responsible for “encouraging investment …

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