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SEC Commissioner Mark T. Uyeda from his statement on Form N-PORT and From N-CEN reporting: "I reject the premise that frequent public disclosure of consistent information made available for all funds is a “public good.”"

SEC Commissioner Mark T. Uyeda from his statement on Form N-PORT and From N-CEN reporting: "I reject the premise that frequent public disclosure of consistent information made available for all funds is a “public good.”"

Just as SEC Commissioner Hester Peirce, SEC Commissioner Mark Uyeda dissents against the SEC's Form N-PORT and Form N-CEN reporting amendments. Uyeda has criticized the SEC’s decision to increase the frequency of public disclosure of fund portfolio data, arguing that the move could harm fund investors and

CFTC Awards Over $4 Million to Insider Whistleblower

CFTC Awards Over $4 Million to Insider Whistleblower, meaning the fine levied ranged between $13.33 million to $40 million.

The Commodity Futures Trading Commission (CFTC) announced an award of over $4 million to an insider whistleblower whose information led to the opening of an investigation into ongoing misconduct, meaning the fine levied ranged between $13,333,333.33 - $40,000,000.00 million. The whistleblower, who had detailed

BofA failed to have a supervisory system reasonably designed to detect and prevent potentially manipulative trading

From December 2015-present, Merrill and, since 2019, BofA, failed to have a supervisory system reasonably designed to detect and prevent potentially manipulative trading by the firm's customers.

Merrill/BofA/BAML did not have a supervisory system or written procedures in place that were sufficiently designed to detect potentially manipulative trading activities, such as wash trading and prearranged trading. The automated surveillance systems used by Merrill/BofA/BAML had narrow parameters that failed to capture all forms of

From 2018-2023, Bank of New York Mellon repeatedly failed to correctly report at least 5,000,000 swap transactions

CFTC: From 2018-2023, Bank of New York Mellon repeatedly failed to correctly report at least 5,000,000 swap transactions & failed to properly supervise its swap dealer business with respect to swap data reporting & monitoring.

The Commodity Futures Trading Commission (CFTC) has fined The Bank of New York Mellon (BNYM) $5 million for repeatedly failing to accurately at least five million swap transactions and for inadequate supervision of its swap dealer business. These violations persisted despite a prior CFTC order against BNYM in 2019 for

The SEC awards $24 million to two whistleblowers

Whistleblower Alert! The SEC awards $24 million to two whistleblowers, meaning the fine levied ranged between $80,000,000 and $240,000,000 dollars.

The Securities and Exchange Commission today announced awards of more than $24 million to two whistleblowers whose information and assistance led to an SEC enforcement action and an action brought by another agency. The first whistleblower will receive an award of $4 million, while the second whistleblower will receive an

SEC Charges Carl Icahn and Icahn Enterprises L.P.

SEC Charges Carl Icahn and Icahn Enterprises L.P. for Failing to Disclose Pledges of Company’s Securities as Collateral for Billions in Personal Loans

Source 2: https://www.sec.gov/files/litigation/admin/2024/34-100755.pdf The Securities and Exchange Commission (SEC) announced charges today against investor Carl C. Icahn and his publicly traded company, Icahn Enterprises L.P. (IEP), for failing to disclose significant information related to Icahn’s pledges of IEP securities

From June 1997 - June 2023, Pershing failed to report millions of fractional share trades

FINRA 'discipline' Alert: From June 1997 - June 2023, Pershing failed to report millions of fractional share trades to the FINRA/Nasdaq Trade Reporting Facility, the Over-the-Counter Reporting Facility, and their predecessor.

FINRA has made public that Pershing LLC failed to report millions of fractional share trades over a span of more than two decades. From June 1997 to June 2023, Pershing did not report these trades to the FINRA Trade Reporting Facility (FNTRF) or Over-the-Counter Reporting Facility (ORF), resulting in unpaid