SEC News

SEC Issues Statement on Market Structure Innovation for Thinly Traded Securities

Washington D.C., Oct. 17, 2019 — The Securities and Exchange Commission today issued a statement that invites exchanges and other market participants to submit innovative proposals designed to improve the secondary market structure for exchange listed equity securities that trade in lower volumes, commonly referred to as “thinly traded securities.” Low trading volumes may drive higher […]

SEC News

SEC Promotes Teacher Investment Outreach

Washington D.C., Oct. 15, 2019 — The Securities and Exchange Commission today announced several teacher investment outreach efforts in connection with its Teachers Initiative.  These initiatives include the launch of a podcast series for public school educators, nationwide events for teachers, and the RISE 2.0 of California summit in Los Angeles on Oct. 17.  The outreach […]

SEC News

Supervisor Charged for Role in Brokerage Firm’s Improper Handling of ADRs

Washington D.C., Oct. 15, 2019 — The Securities and Exchange Commission today announced that Domenick Migliorato, a former supervisor of the securities lending desk at Industrial and Commercial Bank of China Financial Services LLC (ICBCFS), has agreed to settle charges for his supervisory failures involving the improper handling of transactions involving American Depositary Receipts (ADRs). […]

SEC News

Robert Burson, Associate Regional Director of Chicago Office, to Retire From the SEC After 29 Years of Service

Washington D.C., Oct. 15, 2019 — The Securities and Exchange Commission today announced that Robert Burson, an Associate Regional Director of Enforcement in the Chicago Regional Office, is retiring after 29 years at the agency, all in the Chicago office. Mr. Burson, who is departing at the end of this month, joined the Division of Enforcement […]

SEC News

SEC Appoints Rebekah Goshorn Jurata to PCAOB; Announces Commissioner Hester Peirce to Lead Commission’s Coordination Efforts With PCAOB

Washington D.C., Oct. 11, 2019 — The Securities and Exchange Commission today announced the appointment of Rebekah Goshorn Jurata as a Board member of the Public Company Accounting Oversight Board (PCAOB) for a term ending October 24, 2024. The Sarbanes-Oxley Act of 2002 established the PCAOB to oversee the audits of public companies and broker-dealers […]