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Private Equity Firm Ares Management to Pay $1 Million to Settle...

Ares Management LLC, a Los Angeles-based private equity firm and registered investment adviser, has agreed to pay $1 million to settle charges brought by...

SEC Charges Three Former KPMG Audit Partners for Exam Sharing Misconduct

The Securities and Exchange Commission has settled charges against three former KPMG LLP audit partners who allegedly shared answers to internal training exams and...

SEC Charges Three Texans for Offering and Selling Fraudulent Oil and...

The Securities and Exchange Commission has charged three Texas residents who allegedly used deceptive offering materials and promotional videos to sell $2.7 million in...

Court Fines Ponzi Scheme Operators $1.8 Million

Neil Burkholz of Boca Raton and Frank Bianco of Pembroke Pines, Florida, who were charged by the SEC last year for conducting an alleged...

SEC Clarifies When Using “Advisor/Adviser” Violates Regulation Best Interest

The Securities and Exchange Commission provided clarification on its updated Regulation Best Interest frequently asked questions on the use of the terms “adviser/advisor” in...

SEC Provides Temporary Relief to Small Businesses Via Expedited Crowdfunding Offerings

The Securities and Exchange Commission has provided temporary, conditional relief for established smaller companies affected by COVID-19 that may look to meet their funding...

SEC Proposes Rule to Modernize Fund Valuation Practices

The Securities and Exchange Commission has voted to propose a new rule to establish a framework for fund valuation practices. The rule is designed...

SEC Charges Former Merrill Lynch Registered Representative with Defrauding Investors

The Securities and Exchange Commission has charged Phillip Conley, a West Virginia-based former registered representative, with conducting fraudulent securities offerings in which he raised...

New Jersey Extends State Fiduciary Rule Finalization Amid Pandemic

New Jersey Governor Phil Murphy has signed an executive order to extend various deadlines associated with rulemaking for state agencies, including its proposed fiduciary...

SEC Permits BDCs to Sell Senior Securities and Invest Alongside Affiliates

The Securities and Exchange Commission announced temporary, conditional exemptive relief for business development companies (BDCs) to enable them to make additional investments in small-...