SEC

The SEC has determined that no mid-year adjustment to the Section 31 fee rate for fiscal year 2023 is required.

The SEC charged Silver Edge Financial LLC, Equity Acquisition Company Ltd., and their owners and sales people for selling interests in pre-IPO companies without registering as brokers, resulting in a combined disgorgement of over $6 million and civil penalties totaling nearly $1.3 million.

The SEC has obtained an asset freeze and appointed a receiver against Miami-based investment adviser BKCoin Management LLC and one of its principals, Kevin Kang, in connection with a crypto asset fraud scheme that has allegedly raised at least $100 million over the past four years.

Rio Tinto plc has agreed to pay a $15 million civil penalty to settle the SEC's charges for violations of the Foreign Corrupt Practices Act (FCPA) arising out of a bribery scheme involving a consultant in Guinea.

The SEC has updated its PAUSE list, adding 96 soliciting entities and identifying three impersonators of legitimate firms plus five bogus regulators in the latest effort to protect retail investors across all investment products.

Blackbaud Inc. agreed to pay $3 million to settle charges of making misleading disclosures about a 2020 ransomware attack that impacted more than 13,000 customers, violating Sections 17(a)(2) and 17(a)(3) of the Securities Act of 1933 and Section 13(a) of the Securities Exchange Act of 1934.

The SEC charged DXC Technology Company with making misleading disclosures about its non-GAAP financial performance, resulting in a penalty of $8 million and requirements to develop and implement appropriate non-GAAP policies and disclosure controls and procedures.