The SEC found that Marcum's quality control leader, Giugliano, did not adequately address numerous quality control and audit standard violations which resulted in a $75,000 civil penalty and censure.
The SEC announced a settled action against YieldStreet Inc. and its subsidiary, YieldStreet Management LLC, for failing to disclose critical information to investors in a $14.5 million asset-backed securities offering.
The SEC has charged broker-dealer Virtu Americas LLC and its parent company, Virtu Financial Inc. with making materially false and misleading statements about the safeguards they had in place to protect customers' confidential information.
The Small Business Capital Formation Advisory Committee will discuss raising capital access for small businesses through considering alternative avenues in addition to traditional equity investments.
The SEC proposed amendments that would require EDGAR filers to authorize and verify individuals managing their accounts, as well as an optional API for enhanced access to EDGAR filings, which will be open for public beta testing in September 2023.
The Commission has determined the target collection amount for fees paid under Sections 6(b), 13(e), 14(g) and 24f-2 of the Securities Act of 1933, 1934, and 1940 and Investment Company Act of 1940 to be $839,771,535 for fiscal year 2024.
The SEC awarded more than $18 million to a whistleblower whose information and assistance led to a successful enforcement action.