A direct selling company headquartered in California settled DOJ and SEC charges for violating the Foreign Corrupt Practices Act by bribing Chinese government officials. The company sells health and personal care products in over 90 countries.
A U.S. District Court held that compliance communications are not protected by attorney-client privilege or the work-product doctrine, and that the SEC can force an investment advisor to produce documentation of such communications.
The U.S. District Court for the Southern District of California (the "Court") granted the SEC's motion for preliminary injunction against Blockvest, LLC ("Blockvest"), a non-operational blockchain-based assets exchange, and its founder to prevent them from allegedly engaging in a fraudulent...
The Committee considered recent SEC proposals that would set a best interest standard for broker-dealers that provide investment advice to retail clients and impose additional disclosure obligations on BDs and IAs.
At an upcoming public meeting, the SEC Investor Advisory Committee will discuss capital formation, the decline of initial public offerings and certain provisions concerning the Financial CHOICE Act relating to the SEC.
The SEC Investor Advisory Committee meeting will be held on March 9, 2017. The agenda includes review of SEC investor research initiatives, a FINRA 2016 financial capability study, academic research on financial literacy, and unequal voting rights of common stock.