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The story of U.S. Securities and Exchange Commission
Federal agency that regulates US securities markets.
1934 –
U.S. Securities and Exchange Commission. Federal agency that regulates US securities markets.
4 Feb 2010
State Street Bank and Trust Company settled with the U.S. Securities and Exchange Commission. Misleading investors about their exposure to subprime investments; without admitting or denying the allegations.
A $50 million penalty, more than $8.3 million in disgorgement and prejudgment interest, and more than $255 million in additional payments to compensate investors.
20 Apr 2015
BlackRock Advisors settled with the U.S. Securities and Exchange Commission. $12M, failing to disclose a conflict of interest to clients and fund boards; without admitting or denying the findings.
2016
14 Jan 2016: State Street Bank and Trust Company settled with the U.S. Securities and Exchange Commission. $12M, a pay-to-play scheme to win contracts to service Ohio pension funds; without admitting or denying the findings.
26 Jul 2016: State Street Bank and Trust Company settled with the U.S. Securities and Exchange Commission. $167.4M, hidden markups on foreign currency exchange trades for custody clients; it admitted the facts in the order’s Annex A.
Part of a $382.4 million settlement announced on 26 July 2016. The SEC’s order is dated 12 December 2016.
2017
13 Jan 2017: Citadel Securities settled with the U.S. Securities and Exchange Commission. $22.6M, censured, without admitting or denying the findings.
$5.2 million in disgorgement, more than $1.4 million in interest and a $16 million penalty. The SEC’s order finds that two trading algorithms, since discontinued, violated Section 17(a)(2) of the Securities Act from late 2007 through January 2010.
17 Jan 2017: BlackRock settled with the U.S. Securities and Exchange Commission. $340,000, removing whistleblower incentives in separation agreements; without admitting or denying the findings.
25 Apr 2017: BlackRock Fund Advisors settled with the U.S. Securities and Exchange Commission. $1.5M, causing an exchange-traded fund it advised to violate the Investment Company Act; without admitting or denying the findings.
7 Sep 2017: State Street Bank and Trust Company settled with the U.S. Securities and Exchange Commission. $32.3M, fraud charges over hidden markups for transition management services.
With State Street Global Markets and State Street Global Advisors Funds Distributors.
State Street Bank and Trust Company settled with the U.S. Securities and Exchange Commission. $3M, disclosure failures about its GovEx trading platform; without admitting or denying the findings.
2018
27 Sep 2018: Elon Musk, charged by the U.S. Securities and Exchange Commission. Securities fraud.
29 Sep 2018: Tesla, charged by the U.S. Securities and Exchange Commission. Failing to have required disclosure controls and procedures.
Elon Musk settled with the U.S. Securities and Exchange Commission. $20M, without admitting or denying the SEC’s allegations.
He also agreed to step down as Tesla’s chairman.
Tesla settled with the U.S. Securities and Exchange Commission. $20M, without admitting or denying the SEC’s allegations.
A charge is an accusation, not a finding of guilt.
20 sourced connections, each with its evidence. Open the explorer to follow any of them further, filter by lens, or move through time.
Drawn from the sourced links on the U.S. Securities and Exchange Commission. Change a link and this story changes with it.