The SEC charged Betterment LLC for material misstatements and omissions related to its automated tax loss harvesting service, resulting in the payment of a $9 million penalty that will be distributed to affected clients.
The SEC will host an online conference to discuss asset managers, corporate governance, private funds, investment complexity, and retail investors.
The SEC has reopened the comment period for proposed amendments to modernize beneficial ownership reporting rules, with the public comment period staying open until June 27, 2023.
The Securities and Exchange Commission charged Brett M. Bartlett, his father-in-law Scott A. Miller, and their companies for allegedly raising at least $20.5 million through fraudulent securities offerings.
The SEC has adopted amendments to improve the transparency of repurchase activity of an issuer's equity securities, requiring disclosure of daily quantitative data as well as policies and procedures related to purchases and sales by officers and directors.
The SEC has adopted amendments to Form PF to enhance the ability of the FSOC to assess systemic risk and bolster the Commission's oversight of private fund advisers and investor protection.
The SEC has charged Classic Asset Management LLC and Douglas G. Schmitz with breach of fiduciary duty for investing clients in leveraged exchange traded funds for extended periods of time.