SEC may update advertising rules

Professionals in the securities industry may get more freedom when it comes to advertising. In early November 2019, the U.S. Securities and Exchange Commission proposed updating the Investment Advisers Act of 1940 to allow investment advisers using endorsements and...

The SEC is investigating Under Armor

Under Armor is under investigation by federal authorities over the sportswear company’s accounting practices, reports the Wall Street Journal. The newspaper says source familiar with the investigation claims the U.S. Department of Justice and the Securities and...

SEC collects $4.3 billion in fiscal year 2019

The U.S. Securities and Exchange Commission’s Division of Enforcement announced on November 6, 2019 that it ordered more than $4.3 billion in disgorgement and penalties for the 2019 fiscal year. The SEC also reports returning approximately $1.2 billion to harmed...