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<p><span>The Securities and Exchange Commission today charged Sung Kook (Bill) Hwang, the owner of family office Archegos Capital Management, LP (Archegos), with orchestrating a fraudulent scheme that resulted in billions of dollars in losses. The SEC also charged Archegos&rsquo;s Chief Financial Officer, Patrick Halligan; head trader, William Tomita; and Chief Risk Officer, Scott Becker for their roles in the fraudulent scheme.</span></p>

<p><span>The Securities and Exchange Commission today charged James Velissaris, the former Chief Investment Officer and founder of Infinity Q Capital Management, with overvaluing assets by more than $1 billion while pocketing tens of millions of dollars in fees.</span></p> <div><span><br /></span></div>

Allison Herren Lee Allison Herren Lee was appointed by President Donald Trump to the U.S. Securities and Exchange Commission, unanimously confirmed by the U.S. Senate, and sworn into office July 8, 2019. She was designated Acting Chair of the Commission by President Joseph Biden Jr., on Jan. 21, 2021. She brings to the SEC over two decades of experience as a securities law practitioner. Most recently, she has written, lectured, and taught courses internationally in Spain and Italy on financial regulation and corporate law. She served for over a decade in various roles at the SEC, including...

(MENAFN - Newsfile Corp) SEC Charges Ratings Agency With Disclosure And Internal Controls Failures Relating To Undisclosed Model Adjustments Washington, D.C.--(Newsfile Corp. - February 16, 2021) - The Securities and Exchange Commission today filed a civil action alleging that former credit ratings agency Morningstar Credit Ratings LLC violated disclosure and internal controls provisions of the federal securities laws in rating commercial mortgage-backed securities (CMBS). Credit ratings are used by market participants to help evaluate credit risk, price certain securities, and guide the inv...

The Securities and Exchange Commission has filed a civil action against former Morningstar Credit Ratings alleging the credit ratings agency violated disclosure and internal controls provisions of the federal securities laws in rating commercial mortgage-backed securities (CMBS).