Page 2 - Sec Enforcement News Today

The Securities and Exchange Commission plows ahead with plans to boost oversight of the private fund industry. 

Enforcement actions increased 55% in 2022, although total monetary settlements were down more than 60%.

Supreme Court issued a single opinion today. In Axon Enterprise, Inc. v. Federal Trade Commission Court unanimously has held federal district courts have the power to decide lawsuits challenging the structure of an agency, irrespective of internal agency review mechanisms.

The SEC charged eight celebrities, including Lindsay Lohan, Jake Paul and Austin Mahone, with failing to disclose their commercial relationships with Justin Sun's crypto companies...

The Commission has settled with Roberto Mejill-Tellado for acting as an unregistered broker in the scheme that defrauded the city of Mayaguez, Puerto Rico.

The Ohio-based was underwriter on 47 limited offerings, violating the Commission's limited offering exemption.

On February 23, the U.S. Court of Appeals for the Fourth Circuit reversed a mid-trial grant of judgment as a matter of law against the Securities and Exchange Commission in a jury trial for insider trading.

The church agreed to pay $1 million, while its Ensign Peak Advisers paid $4 million, to settle the SEC complaint that they failed to file forms disclosing the church's equity investments.

The IRS in a separate filing asked a court to compel Kraken to turn over its books and other data.

BVAL marketed its bond valuation methods as sophisticated but sometimes based the valuation on a single broker quote, the SEC said.