Category Archives: SEC

Nov. 5, 2019 Good morning.  This is an open meeting of the U.S. Securities and Exchange Commission, under the Government in the Sunshine Act. Today we have two items on the agenda.  These items are part of the Commission’s ongoing work to enhance the accuracy, transparency and effectiveness of our proxy voting system.  They reflect […]

Nov. 4, 2019 Thank you, Michael [Heaney].  Good morning everyone.  Thank you all for being here and for traveling to our offices in New York.[1]  Today’s agenda is full and important. You have assembled expert panels on (1) structured disclosures by municipal issuers, (2) rating agency compensation models, (3) index construction, (4) government securities trading […]

Oct. 30, 2019 Public Input from Investors and Other Market Participants Welcomed Securitization plays a critical role in the U.S. capital markets and can enhance liquidity in important sectors of the economy. In particular, residential mortgage-backed securities (“RMBS”) play a significant role in enhancing liquidity in the residential mortgage market and thereby facilitating capital formation […]

Litigation Release No. 24647 / October 17, 2019 Securities and Exchange Commission v. Philip R. Jacoby, et al., Civil Action No. 17-cv-03230-CCB (U.S. District Court for the District of Maryland) On October 8, 2019, the U.S. District Court for the District of Maryland entered a final judgment against Bobby Dwayne Montgomery, a former executive of […]

Oct. 15, 2019 This week brought the terribly sad news of the passing of renowned jurist, scholar, and counselor William T. Allen, who served for twelve years as Chancellor of Delaware’s Court of Chancery. Chancellor Allen will be forever remembered for his landmark contributions to the Nation’s business law. His wisdom will echo throughout our […]

Oct. 11, 2019 The leaders of the U.S. Commodity Futures Trading Commission, the Financial Crimes Enforcement Network, and the U.S. Securities and Exchange Commission (the “Agencies”) today issued the following joint statement to remind persons engaged in activities involving digital assets of their anti-money laundering and countering the financing of terrorism (AML/CFT)obligations under the Bank […]

Litigation Release No. 24641 / October 10, 2019 Securities and Exchange Commission v. Anton Senderov, et al., Case No. 4:19-cv-05242 (E.D. Wash. filed October 9, 2019) On October 9, 2019, the Securities and Exchange Commission charged two foreign individuals, Anton Senderov and Lior Babazara a/k/a Lior Bar, with defrauding more than 2,800 U.S. investors and […]

On Friday, October 4, 2019, the Securities and Exchange Commission filed fraud charges against three individuals who participated in a scheme to bribe a stockbroker to buy a company’s stock in his customers’ accounts without the customers’ knowledge. The defendants allegedly took several steps to avoid detection, including using encrypted, content-expiring text messages, and pawning […]

Litigation Release No. 24636 / October 4, 2019 Securities and Exchange Commission v. Christopher J. Spencer and John Busshaus, Civil Action No. 1:19-cv-9070 (S.D.N.Y.) (filed September 30, 2019) On September 30, 2019, the Securities and Exchange Commission charged Chief Executive Officer Christopher J. Spencer and Chief Financial Officer John Busshaus of Pittsburgh-based FAB Universal Corp. […]

Oct. 3, 2019 Good morning. Thank you Charu. Thank you all for being here this morning for the Roundtable on Combatting Elder Investor Fraud. On behalf of the SEC, I want to say we are privileged to host such a dedicated group of experts and public servants.  Protecting older Americans from investor fraud is an […]