At most brokerage firms, the compliance folks are buzzkills. They re-write analyst reports to make them boring, break trades that everyone knows were fine, and send out boring memos reminding people of their continuing education obligations
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SEC Actions This Week: Catching up to the Front-Runners Sep24
Front-running is an easy way to make a lot of money. The only risk is getting caught. It’s unclear if the SEC catches every case of front-running. More likely, it cracks down when it does catch it as a message to those who are evading detection
... Read more »SEC Actions This Week: Going After GTV Sep17
The genius of US securities laws is that they mandate full disclosure but don’t regulate much beyond that—relatively speaking, of course. That’s one reason that companies from around the world do their public offerings in the United States
... Read more »SEC Actions This Week: Investor Advisory Committee Meeting Sep10
The week started off with some holidays and ended with a big meeting, so the SEC didn’t issue any enforcement actions. However, the meeting could have implications for the alternatives industry
... Read more »SEC Actions This Week: Of Memes and G-Men Sep3
Financial fraud doesn’t have to involve real money because there are so many cryptocurrency frauds. This week, the SEC went after BitConnect, a defunct cryptocurrency operation. They charged the company and several principals with defrauding investors and offering unregistered securities through both Ponzi and pyramid schemes
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