gmarone@quadrantregulatory.com

About Glenn Marone

This author has not yet filled in any details.
So far Glenn Marone has created 323 entries.

SEC Risk Alert: Cybersecurity: Ransomware Alert

Starting on May 12, 2017, a widespread ransomware attack, known as WannaCry, WCry, or Wanna Decryptor, rapidly affected numerous organizations across over one hundred countries. 2 Initial reports indicate that the hacker or hacking group behind the attack is gaining access to enterprise servers either through Microsoft Remote Desktop Protocol (RDP)3 compromise or the […]

2017 FINRA Risk Control Assessment (RCA)

FINRA’s 2017 Risk Control Assessment (RCA) survey launched this week. Each firm’s executive representative and designated assistant should have received an email linking to their firm’s unique RCA survey. The RCA is an important part of FINRA’s risk-based surveillance and examination program. FINRA uses it to better understand the risks associated with the business […]

FINRA Requests Comment on Proposed Limited Safe Harbor From FINRA Equity and Debt Research Rules for Desk Commentary

FINRA seeks comment on proposed amendments to FINRA Rule 2241 (Research Analysts and Research Reports) and FINRA Rule 2242 (Debt Research Analysts and Debt Research Reports) to create a limited safe harbor for specified brief, written analysis distributed to eligible institutional investors that comes from sales and trading or principal trading personnel but that […]

SEC Charges Alabama Attorney and His Companies in Purported Waste-To-Energy Ventures

The Securities and Exchange Commission today charged Alabama attorney Donald Watkins and companies he controls with defrauding professional athletes and other investors out of millions of dollars, much of which he spent on his girlfriend and to cover personal expenses like alimony, past due taxes and credit card bills.

The Commission’s complaint, filed in federal […]

Fee Rate Advisory #1 for Fiscal Year 2017

The Securities and Exchange Commission today announced that in fiscal year 2017 the fees that public companies and other issuers pay to register their securities with the Commission will be set at $115.90 per million dollars.

The securities laws require the Commission to make annual adjustments to the rates for fees paid under Section 6(b) […]

RBC to Pay $2.5 Million for Proxy Statement Disclosure Violations

The Securities and Exchange Commission today announced that RBC Capital Markets LLC has agreed to a $2.5 million settlement for causing materially false and misleading disclosures about its valuation analysis in a proxy statement for Rural/Metro Corporation’s sale in 2011 to a private equity firm.

RBC was the lead financial adviser to Rural/Metro, a medical […]

Investment Advisers Paying Penalties for Advertising False Performance Claims

The Securities and Exchange Commission today announced penalties against 13 investment advisory firms found to have violated securities laws by spreading the false claims made by an investment management firm about its flagship product.

An SEC enforcement sweep of investment advisers found that the 13 firms accepted and negligently relied upon claims by F-Squared Investments […]

SEC Adopts Rules to Enhance Information Reported by Investment Advisers

The Securities and Exchange Commission today adopted amendments to several Investment Advisers Act rules and the investment adviser registration and reporting form to enhance the reporting and disclosure of information by investment advisers.  The amendments will improve the quality of information that investment advisers provide to investors and the Commission.

“These amendments are an important […]

Apollo Charged With Disclosure and Supervisory Failures

The Securities and Exchange Commission today announced that four private equity fund advisers affiliated with Apollo Global Management have agreed to a $52.7 million settlement for misleading fund investors about fees and a loan agreement and failing to supervise a senior partner who charged personal expenses to the funds.

An SEC investigation found that the […]

SEC Charges 71 Municipal Issuers in Muni Bond Disclosure Initiative

The Securities and Exchange Commission today announced enforcement actions against 71 municipal issuers and other obligated persons for violations in municipal bond offerings.

The actions were brought under the Municipalities Continuing Disclosure Cooperation (MCDC) Initiative, a voluntary self-reporting program targeting material misstatements and omissions in municipal bond offering documents.  The initiative offered favorable settlement terms […]