The SEC charged Merrill Lynch with undisclosed foreign exchange fees of $4 million, which resulted in a $9.5 million settlement requiring a disgorgement and penalty payment and funds to be distributed to clients.
The SEC charged Chatham Asset Management LLC and Anthony Melchiorre with improper trading of fixed income securities, requiring them to pay a combined $19.3 million in disgorgement, interest, and penalties.
The SEC has reopened a public comment period on proposed amendments regarding the time-tested protections for investors in relation to crypto asset securities trading, as requested by Chair Gary Gensler.
The SEC has charged Charlie Javice, the founder of the now defunct student loan assistance company Frank, with fraud in connection with the $175 million sale to JPMorgan Chase Bank, by misrepresenting its customer data and enriching herself in the process.
The SEC's Office of Minority and Women Inclusion released their Annual Report to Congress, which highlighted increases in representation of minorities among Senior Officers, contract payments, internships, and the overall workforce.
The SEC has appointed Deborah J. Jeffrey as Inspector General, an independent position to promote the integrity, efficiency and effectiveness of the SEC's critical programs and operations.
The SEC has charged crypto asset trading platform Bittrex, Inc. and its co-founder and former CEO William Shihara for operating an unregulated national securities exchange, broker, and clearing agency, subjecting them to civil enforcement actions.