SEC v. USA Real Estate Fund 1, Inc., et al. | SEC No. 2013-73, Civil Action No. 2:13-cv-00157-LRS, U.S. District Court for the Eastern District of Washington |
4/25/2013
The Securities and Exchange Commission has filed fraud charges against a Spokane Valley, Wash., company and its owner for misleading investors with claims to raise billions of investment capital under the Jumpstart Our Business Startups (JOBS) Act and invest it exclusively in American businesses. More...
In re : FPCA Violations of Ralph Lauren Corporation | DOJ No. 13-456, SEC No. 2013-65 |
4/22/2013
Ralph Lauren Corporation (RLC), a New York based apparel company, has agreed to pay an $882,000 penalty to resolve allegations that it violated the Foreign Corrupt Practices Act (FCPA) by bribing government officials in Argentina to obtain improper customs clearance of merchandise, according to Mythili Raman, the Acting Assistant Attorney General for the Criminal Division, and Loretta E. Lynch, the United States Attorney for the Eastern District of New York. More...
SEC v. Scott London, et al. | SEC v. Scott London, et al. SEC No. 2013-58, No. CV13-02258 |
4/12/2013
The Securities and Exchange Commission yesterday charged the former partner in charge of KPMG's Pacific Southwest audit practice and his friend with insider trading on nonpublic information about firm clients. More...
Identity Theft Red Flags Rules | SEC No. 2013-57 ,17 CFR Part 248, Release Nos. 34-69359, IA-3582, IC-30456; File No. S7-02-12, RIN: 3235-AL26 |
4/10/2013
The Securities and Exchange Commission has voted unanimously to adopt rules requiring broker-dealers, mutual funds, investment advisers, and certain other entities regulated by the agency to adopt programs to detect red flags and prevent identity theft. More...
Report of Investigation Pursuant to Section 21(a) of the Securities Exchange Act of 1934: Netflix, Inc., and Reed Hastings | SEC No. 2013-51, Release No. 69279 |
4/2/2013
The Securities and Exchange Commission has issued a report that makes clear that companies can use social media outlets like Facebook and Twitter to announce key information in compliance with Regulation Fair Disclosure (Regulation FD) so long as investors have been alerted about which social media will be used to disseminate such information. More...
U.S.A. v. Blue Cross Blue Shield of Michigan | DOJ No. 13-345, Case No. 2:10-cv-14155-DPH-MK |
3/28/2013
The U.S. District Court for the Eastern District of Michigan has granted the Department of Justice motion to dismiss its antitrust lawsuit against Blue Cross Blue Shield of Michigan (BCBSM). The order of dismissal was without prejudice. More...
IM Guidance Update: Filing Requirements for Certain Electronic Communications | SEC No. 2013-01, SEC No. 2013-40 |
3/15/2013
The Securities and Exchange Commission has published a guidance update from its staff to clarify the obligations of mutual funds and other investment companies to seek review of materials posted on their social media sites. More...
Duties of Brokers, Dealers, and Investment Advisers | SEC No. 2013-32, Release No. 34-69013; IA-3558; File No. 4-606 |
3/1/2013
The Securities and Exchange Commission has published a request for data and other information to assist the agency in considering whether to make new rules about the standards of conduct and regulatory obligations for broker-dealers and investment advisers when they provide personalized investment advice about securities to retail customers. More...
Significant Deficiencies Involving Adviser Custody and Safety of Client Assets | SEC No. 2013-33, Volume III, Issue 1 |
3/4/2013
The Securities and Exchange Commission has issued a Risk Alert on compliance with its custody rule for investment advisers and it also issued an Investor Bulletin about the rule, which is designed to protect advisory clients from theft or misuse of their funds and securities. More...
In the Matter of The Royal Bank of Scotland plc and RBS Securities Japan Limited | CFTC Release pr6510-13CFTC Docket No. 13-14 |
2/6/2013
The U.S. Commodity Futures Trading Commission (CFTC) yesterday issued an Order against The Royal Bank of Scotland plc and RBS Securities Japan Limited (collectively, RBS or the Bank), bringing and settling charges of successful manipulation, attempted manipulation, and false reporting relating to LIBOR for Yen and Swiss Franc, which are benchmark interest rates critical to financial markets and the public. More...
LawLoop Demo
Welcome to the Future