Two men share securities regulation news

Breaking news and expert analysis on legal and compliance issues

Recent News

Stolen inspection lists lead to guilty plea of former PCAOB official

The U.S. Attorney’s Office for the Southern District of New York has announced that a former PCAOB inspections leader and KPMG executive director has pleaded guilty to participating in a scheme designed to improve KPMG’s performance in PCAOB inspections.

Commission sharpens focus on market data and access fees

The Commission unanimously decided to set aside certain data fees charged by NYSE Arca, Inc. and Nasdaq Stock Market LLC to market participants because the exchanges failed to demonstrate that the fees were fair, reasonable, and not unreasonably discriminatory, as required b

Former BDO accountants who predated audit work suspended by SEC

The SEC has suspended three former accountants of BDO USA, LLP for creating misleading audit documentation by signing incomplete work papers in the audit of a New York insurance company, a practice known as "predating." The senior manager on the audit was suspended

CFTC settles with spoofer who pleaded guilty to federal criminal charges

The CFTC announced that it brought a settled administrative proceeding against Kamaldeep Gandhi who admitted to participating in a scheme to place spoofed orders in numerous futures contracts. Gandhi also has pleaded guilty to related federal criminal charges. In addition to

SEC reopens comment period on Dodd-Frank security-based swaps proposals

By a 4 to 1 vote, the Securities and Exchange Commission has authorized the re-opening the comment period on three proposals relating to security-based swap dealers and major security-based swap participants. Chairman Jay Clayton and Commissioners Hester Peirce and Elad Rois

HSBC settles RMBS fraud charges for $765M

HSBC will pay $765 million to settle claims related to its securitization, issuance, and marketing of residential mortgage-backed securities (RMBS) between 2005 and 2007. In an action brought under the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, the

Commission floats simplification of CPO and CTA rules

The CFTC proposed six sets of amendments to its rules for commodity pool advisers (CPOs) and commodity trading advisers (CTAs) contained in Part 4 of the Commission’s regulations. The changes would clarify certain exemptions from registration, bolster bad actor disqual

Court orders letter justifying approval of SEC/Musk consent judgment

The district court sitting in Manhattan has ordered that the SEC and Elon Musk file a joint letter explaining why the court should approve a proposed consent judgment. In the brief order, the court noted that requesting such letters is a regular practice and part of its duty

Enforcement directors tout cyber unit, urge observers to be chary on finding trends in upcoming annual report

SEC Division of Enforcement Co-Directors Stephanie Avakian and Steven Peikin said the Division’s Cyber Unit seeks to bring carefully selected cases that send broad messages in remarks they delivered at the 10th Annual SEC Historical Society event co-hosted this year by

CFTC is ready to take cases to trial

In connection with allegations brought by the CFTC, the United States District Court for the District of Colorado has entered a final judgment against a Colorado-based defendant for fraudulent solicitation of customers in connection with the offering of a futures trading sys

Securities Regulation Daily

Introducing Wolters Kluwer Securities Regulation Daily — a daily reporting service created by attorneys, for attorneys — providing same-day coverage of breaking news, court decisions, legislation, and regulatory activity.

A complete daily report of the news that affects your world

View full summaries of federal and state court decisions.
Access full text of legislative and regulatory developments.
Customize your daily email by topic and/or jurisdiction.
Search archives for stories of interest.

Not just news — the right news

Get expert analysis written by subject matter specialists—created by attorneys for attorneys.
Track law firms and organizations in the headlines with our new “Who’s in the News” feature.
Promote your firm with our new reprint policy.

24/7 access for a 24/7 world

Forward information with special copyright permissions, encouraging collaboration between counsel and colleagues.
Save time with mobile apps for your BlackBerry, iPhone, iPad, Android, or Kindle.
Access all links from any mobile device without being prompted for user name and password.