A company offering crypto asset-related financial products and services settled charges with the SEC for failing to register securities offerings.
The SEC set an effective date of August 21, 2023, for amendments that will remove references to credit ratings from existing exceptions to rules on market manipulation. The effective date was published in the Federal Register.
The SEC finalized amendments to rules on securities market manipulation that will remove references to reliance on credit rating agencies.
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.
The SEC Office of Investor Education and Advocacy cautioned investors of the risks involved in purchasing securities sold in private placements.