The SEC proposed rule amendments that "modernize" filing procedures through the use of electronic filings. The amendments impact numerous rules and forms.
A bank holding company entered into a plea agreement for filing false securities statements as to its initial public offering and subsequent annual filings.
An information technology company settled charges with the SEC for making material misstatements in investor disclosures regarding its non-GAAP earnings.
The SEC Division of Trading and Markets granted no-action relief to a security-based swap dealer, allowing the firm to incorporate "certain annual reports and reviews for the first fiscal year after the Firm’s registration . . . into the reports and reviews for the Firm’s second fiscal year."
A publicly traded special purpose acquisition company settled SEC charges relating to internal control failures that allowed its CFO to control and access its operating account with "little or no oversight."