The SEC adopted amendments to (i) enable the use of electronic signatures in documents requiring signature authorization, and (ii) mandate the electronic filing and service of documents for administrative proceedings.
The SEC adopted amendments that impose additional conditions on the ability of a broker-dealer to publish a quotation for securities that are not listed on a national securities exchange. The amendments were published in the Federal Register.
A school for day trading securities settled SEC charges for (i) offering security-based swaps to non-eligible contract participants and (ii) failing to effect the transactions on a registered national securities exchange.
An SEC final rule rescinding Industry Guide 3 concerning statistical disclosures that banking entities and bank holding companies provide in their registration statements, was published in the Federal Register.
An SEC final rule amending the definitions of "accredited investor" and "qualified institutional buyer" under regulations on private placement exemptions and private resales of securities was published in the Federal Register.
The SEC charged cybersecurity entrepreneur John McAfee for recommending several initial coin offerings to his social media followers without disclosing the compensation he received for promoting the offerings.
In a new staff report, the SEC Division of Economic and Risk Analysis considered the interconnections among six separate U.S. credit markets, and how three distinct types of stresses in each of the markets affected the products and participants during the COVID-19 pandemic.
SEC Director of the Division of Enforcement Stephanie Avakian highlighted efforts "to combat wrongdoing, compensate harmed investors, and maintain confidence in the integrity and fairness of our markets."