SIFMA and the Security Traders Association raised concerns about legislative proposals on capital formation and corporate governance currently under consideration by the U.S. Senate Committee on Banking, Housing and Urban Affairs.
The SEC charged a mining company and two former executives with several Exchange Act and Securities Act violations in relation to allegations that the executives committed fraud by significantly inflating the value of certain African coal assets.
The SEC accepted offers of settlement in two enforcement actions involving "disclosure violations that deprived investors of material information during battles for corporate control of publicly traded companies."
The SEC reached a $2.5 million settlement agreement with an investment bank charged with causing an issuer to publish a proxy statement that contained materially false and misleading disclosures about a valuation of the issuer.
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