News Release 2019-100 | August 28, 2019 Share This Page: ALBUQUERQUE, N.M.—Comptroller of the Currency Joseph Otting today visited Native American pueblos in New Mexico as part of a nationwide effort to discuss modernizing Community Reinvestment Act (CRA) regulations and opportunities to bring more investment, lending, and services to underserved areas. While in northern New Mexico, […]
Monthly Archives: August 2019
Appointment of HKEX Risk Management Committee (Statutory) Member
Hong Kong Hong Kong Exchanges and Clearing Limited (HKEX) welcomes Rico Leung, the new Executive Director (Supervision of Markets) of the Securities and Futures Commission (SFC), to its Risk Management Committee (Statutory) (RMC). The appointment was in accordance with the Securities and Futures Ordinance. Rico Leung replaced Keith Lui, the SFC’s former Executive Director (Supervision of Markets), […]
Announcement – In relation to the matter of Zhejiang Prospect Company Limited (Stock Code: 8273) Cancellation of listing
Announcement – In relation to the matter of Zhejiang Prospect Company Limited (Stock Code: 8273) Cancellation of listing Regulatory 28 Aug 2019 香港聯合交易所有限公司(香港交易及結算所有限公司全資附屬公司)THE STOCK EXCHANGE OF HONG KONG LIMITED(A wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited) ANNOUNCEMENT In relation to the matter of Zhejiang Prospect Company Limited(Stock Code: 8273) Cancellation of listing […]
Three Third Point Funds Agree to Pay $609,810 in Civil Penalties for Violating the Hart-Scott-Rodino Act
Investment advisor Third Point LLC and three funds that it controls have agreed to settle Federal Trade Commission charges that the funds violated the premerger notification and waiting period requirements of the Hart-Scott-Rodino Act, or HSR Act, after they acquired the voting securities of DowDuPont Inc. The FTC alleges that on Aug. 31, 2017, the […]
Joint Statement of Commissioners Robert J. Jackson, Jr. and Allison Herren Lee on Proposed Changes to Regulation S-K
Aug. 27, 2019 We support sending out for public comment the recently proposed revisions to Regulation S-K, the central repository for non-financial statement disclosure. We’re especially grateful to our colleagues in the Division of Corporation Finance, Director Bill Hinman, Betsy Murphy, Felicia Kung, Lisa Kohl, Elliott Staffin, Sandra Hunter Berkheimer, and Shehzad Niazi for their […]
Michael A. Carroll, Michael V. Pappagallo, Steven A. Splain, and Michael Mortimer
The Securities and Exchange Commission charged Brixmor Property Group Inc., a publicly-traded real estate investment trust, and four former senior executives with fraud in connection with a scheme to manipulate a key non-GAAP metric relied on by analysts and investors to evaluate the company’s financial performance. Brixmor has agreed to settle the Commission’s charges and […]
Marcus Boggs
Litigation Release No. 24576 / August 27, 2019 Securities and Exchange Commission v. Marcus Boggs, Civil Action No. 19-cv-5672 (N.D. Illinois, filed August 23, 2019) On August 23, 2019, the Securities and Exchange Commission charged Marcus Boggs, an investment adviser representative at the Chicago office of a large financial services firm, with stealing more than […]
Hartman Wright Group, LLC and Tytus W. Harkins
Litigation Release No. 24575 / August 27, 2019 Securities and Exchange Commission v. Hartman Wright Group, LLC and Tytus W. Harkins, No. 19-cv-02418 (D. Colo. filed Aug. 26, 2019) The Securities and Exchange Commission filed charges against Hartman Wright Group, LLC, a real estate company, and its founder, Tytus W. Harkins, for raising over $8 […]
Risk-Focused, Forward-Looking Safety and Soundness Supervision
FIL-47-2019 August 27, 2019 Risk-Focused, Forward-Looking Safety and Soundness Supervision Printable Format: FIL-47-2019 – PDF (PDF Help) Summary: The FDIC is updating its Risk Management Manual of Examination Policies (the Manual) to incorporate a new section titled Risk-Focused, Forward-Looking Safety and Soundness Supervision. The latter describes the FDIC’s long-standing philosophy and methods for supervising institutions […]
Interagency Webinar: Applying Model Risk Management to Current Expected Credit Losses (CECL) Models at Large Banks
FIL-48-2019 August 27, 2019 Interagency Webinar: Applying Model Risk Management to Current Expected Credit Losses (CECL) Models at Large Banks Printable Format: FIL-48-2019 – PDF (PDF Help) Summary: The FDIC, the Federal Reserve, and the Office of the Comptroller of the Currency (the Agencies) will jointly host a webinar to clarify the use of model […]