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  • One Last Note To SEC Staff, SEC Chair Gary Gensler, Jan. 17, 2025

    Date 17/01/2025

    All,

    It has been an honor of a lifetime to serve alongside you at this remarkable agency.

    You, the SEC staff, are amongst some of the most professional and productive that I’ve worked with in my life—whether on Wall Street, in government, or in academia. Though I best not pick a favorite among the many roles in which I’ve had the privilege to serve, a distinguishing feature of this agency and you the staff is just how clearly you know, understand, and are truly dedicated to the agency’s mission.

  • SEC Charges Arete Wealth Broker-Dealer And Advisory Firms, Their Chief Compliance Officer, And Several Representatives In Connection With Illegal Securities Offering - One Additional Individual Agreed To Resolve The SEC’s Charges For Unregistered Broker Activity

    Date 17/01/2025

    The Securities and Exchange Commission today announced charges against Joey Miller, Jeff Larson, and Randy Larson, formerly dually registered personnel with Arete Wealth Management LLC, a broker-dealer, and Arete Wealth Advisors LLC, an affiliated investment adviser, for fraud, registration violations, and aiding and abetting Arete Wealth Management’s recordkeeping violations. The SEC also charged Arete Wealth Advisors and its Chief Compliance Officer and General Counsel, UnBo (Bob) Chung, with various violations of the federal securities laws related to a coverup of the representatives’ allegedly fraudulent conduct and other compliance failures, and charged Arete Wealth Management with recordkeeping violations.

  • US Justice Department Recovers An Additional $20M In Misappropriated 1MDB Funds

    Date 17/01/2025

    The Justice Department announced today that it has reached an agreement to recover an additional $20 million in misappropriated 1Malaysia Development Berhad (1MDB) funds. In June 2024, the department announced it has already recovered and returned and assisted in returning to Malaysia approximately $1.4 billion.

  • BC Securities Commission Provides Evidence For Extending Temporary Order

    Date 17/01/2025

    A BC Securities Commission (BCSC) panel cited a company’s claims of “high-return, no-risk, 100% money-back guaranteed investments” in justifying its extension of a temporary order against the company and an individual connected to it.

  • MarketAxess To Host Conference Call Announcing Fourth Quarter And Full-Year 2024 Financial Results On Thursday, February 6, 2025

    Date 17/01/2025

    MarketAxess Holdings Inc. (Nasdaq: MKTX) the operator of a leading electronic trading platform for fixed-income securities, will issue a press release announcing its fourth quarter and full-year 2024 financial results on Thursday, February 6, 2025, before the market opens. Chris Concannon, Chief Executive Officer, Richard Schiffman, Global Head of Trading Solutions, and Ilene Fiszel Bieler, Chief Financial Officer, will host a conference call to provide a strategic update and discuss the Company’s financial results and outlook on Thursday, February 6, 2025 at 10:00 a.m. ET.