The SEC charged GTT Communications, Inc. with failing to disclose material information in several Commission filings, and although not imposing a monetary penalty, credited the company for promptly self-reporting and undertaking affirmative remedial measures.
The SEC has charged American Infrastructure Funds LLC with breaching fiduciary duty to several private funds, resulting in the company paying over $1.6 million to settle the charges.
The SEC has charged broker-dealer Citadel Securities LLC with violating Reg SHO and has issued a $7 million penalty for their inaccurate records.
DWS Investment Management Americas Inc. (DIMA) was charged and agreed to pay a total of $25 million in penalties for failing to develop an Anti-Money Laundering program and making misstatements regarding its Environmental, Social, and Governance investment process.
The SEC has charged Matthew Motil with fraud for raising approximately $11 million from investors in a Ponzi scheme involving notes supposedly backed by residential properties.
The SEC announced that Bruderman Asset Management LLC and its principal, Matthew J. Bruderman, agreed to settle charges of failing to disclose misuse of funds and of not having written policies disclosing potential conflicts of interest, for which they must pay a civil penalty of $250,000.
The 42nd Annual Government-Business Forum on Small Business Capital Formation report explored trends and strategies in capital raising, building entrepreneurial ecosystems, investing in small businesses, and accessing public markets to support small businesses and their investors.