Newsfile SEC Press Digest News Releases

SEC Censures OTC Link LLC for Repeated Compliance Failures Related to Regulation SCI

Tue, 22 Sep 2026 14:12:00 -0400

Washington, D.C.--(Newsfile Corp. - September 22, 2026) - The Securities and Exchange Commission today censured New York-based broker dealer OTC Link LLC and ordered it to pay a $575,000 civil penalty for longstanding violations of Regulation Systems Compliance and Integrity (SCI). According to the SEC’s settled order, between August 2016 and March 2025, OTC Link LLC failed to establish, maintain, and enforce certain written policies and procedures required by Regulation ...

SEC Issues "Innovation Exemption" to Facilitate the Trading of Tokenized NMS Stock and Request for Comment

Thu, 17 Sep 2026 09:10:00 -0400

Washington, D.C.--(Newsfile Corp. - September 17, 2026) - The Securities and Exchange Commission today issued an order granting temporary, conditional exemptive relief to Tokenized Securities Venues each a “TSV” from the definition of “exchange” in the Securities Exchange Act of 1934 (Exchange Act) to trade tokenized National Market System (NMS) stock using innovative permissioned automated market makers and liquidity pools (together “AMM Liquidity Pools”). “Today, the...

SEC Proposes Rescission of Shareholder Proposal Rule and Reforms to Proxy Solicitation Process

Wed, 16 Sep 2026 10:52:00 -0400

Washington, D.C.--(Newsfile Corp. - September 16, 2026) - The Securities and Exchange Commission today proposed to rescind Rule 14a-8 under the Securities Exchange Act of 1934, which exceeds the scope of the Commission's statutory authority and intrudes into matters of state law. The Commission outlined independent policy reasons for its proposed rescission of Rule 14a-8. Many of the justifications for adopting the rule either have not been substantiated in practice or ...

SEC Grants Exemptive Relief from Certain Inline XBRL Filing or Submission Requirements

Mon, 14 Sep 2026 13:21:00 -0400

Washington, D.C.--(Newsfile Corp. - September 14, 2026) - The Securities and Exchange Commission issued an order granting exemptive relief from certain Inline XBRL requirements adopted on Dec. 16, 2024. More specifically, the Commission is granting exemptive relief from filing or submitting the following in Inline XBRL: Form CA-1 (except Exhibit H thereto), Form 1 (except Exhibit I thereto), Form X-17A-5 Part III, Form 17‑H, and the annual compliance report of a security-based...

Joint Readout of Principals' Meeting of U.S. and UK Authorities Regarding Central Counterparty Resolution

Fri, 11 Sep 2026 11:11:00 -0400

Washington, D.C.--(Newsfile Corp. - September 11, 2026) - Senior officials from the Securities and Exchange Commission, Federal Deposit Insurance Corporation, Commodity Futures Trading Commission, Federal Reserve Board, and Bank of England convened for a tabletop exercise on Sept. 3, 2026, to discuss certain issues relating to the hypothetical resolution of central counterparties (CCPs). This meeting was one of a regular series of senior-level meetings held since 2017 to share...

SEC Charges Founder and His Two New Jersey-Based Companies in Alleged $16 Million Ponzi Scheme

Thu, 10 Sep 2026 16:38:00 -0400

Washington, D.C.--(Newsfile Corp. - September 10, 2026) - The Securities and Exchange Commission today charged Ernest Ossei Boateng and two New Jersey-based companies he controls, Intercontinental Wealth Network LLC and I Wealth Network LP, for allegedly raising approximately $16 million from more than 200 inexperienced investors through a Ponzi scheme he operated from at least January 2020 until at least March 2026. According to the SEC’s complaint, Boateng, acting through...

SEC Proposes Rescission of Political Contribution Rule for Investment Advisers

Thu, 03 Sep 2026 16:54:00 -0400

Washington, D.C.--(Newsfile Corp. - September 3, 2026) - The Securities and Exchange Commission today issued a proposal to rescind its “pay-to-play” rule that prohibits investment advisers from providing compensated investment advisory services to a government client for two years after making a political contribution to certain elected officials or candidates, and related recordkeeping requirements. All other requirements of the Advisers Act and its associated rules, including...

SEC Investor Advisory Committee to Host Sept. 10 Meeting

Thu, 03 Sep 2026 11:58:00 -0400

Washington, D.C.--(Newsfile Corp. - September 3, 2026) - The Securities and Exchange Commission’s Investor Advisory Committee will host a public meeting at the SEC Headquarters in Washington D.C. on Sept. 10 at 10 a.m. ET to discuss artificial intelligence technologies in the public markets and the SEC’s Regulation National Market System rules. The meeting will also be webcast on the SEC website and consist of two panels: AI Technologies and the Public Markets...

SEC Announces Agenda and Panelists for Roundtable on Preparations for 24-Hour Trading

Tue, 01 Sep 2026 17:43:00 -0400

Washington, D.C.--(Newsfile Corp. - September 1, 2026) - The Securities and Exchange Commission today announced the agenda and panelists for its Sept. 17, 2026, roundtable on preparations for 24-hour trading.The roundtable will be held at the SEC’s headquarters at 100 F Street, N.E., Washington, D.C., from 10 a.m. – 4 p.m. ET. The event will be open to the public and webcast live on the SEC’s website. Doors will open at 9 a.m. ET. For in-person attendance, please visit the registration page....

SEC Charges San Francisco Bay Area Private Fund Executives with Multimillion Dollar Ponzi-Like Scheme

Tue, 01 Sep 2026 16:49:00 -0400

Washington, D.C.--(Newsfile Corp. - September 1, 2026) - The Securities and Exchange Commission today charged Mark D. Hanf, the former CEO of Novato, California-based Pacific Private Money Group LLC (PPMG), and Hoai-Nam Chu Phan, the former COO of a PPMG subsidiary, with orchestrating an offering fraud that raised more than $80 million from approximately 190 mostly retail investors, many of whom were retired senior citizens. According to the SEC’s complaint, from...