A pricing service provider settled SEC charges for failing to disclose to customers that its independent pricing service could, at times, reach a valuation that would be largely driven by a single data input.
Comments on an SEC proposal to update the disclosures required for order executions in NMS stocks are due by March 31, 2023.
The DOJ and the SEC charged eight individuals with conspiracy to commit securities fraud for using their influence on social media platforms to manipulate exchange-traded stocks.
A bank holding company settled SEC charges for (i) failure to maintain accurate records regarding commercial real estate security valuations, (ii) failure to incorporate all available market data into its valuations, (iii) issuing material misstatements relating to its valuations and (iv) related supervisory failures.
A broker-dealer settled FINRA charges for attempting to influence the market for securities offered by the firm’s corporate affiliates and investment banking clients.