Aug. 21, 2019 Congress assigned to the Commission the responsibility to regulate the proxy solicitation process in 1934. Voting proxies is important. When we meet with market participants, we consistently hear about the importance of engagement, and the voting process is a key component of that engagement. This is made clear in many ways, including […]
Monthly Archives: August 2019
Statement of Commissioner Allison Herren Lee On Proxy Voting and Proxy Solicitation Releases
Aug. 21, 2019 Thank you, Chairman Clayton, and thank you to the staff in both the Division of Investment Management and the Division of Corporation Finance for your work on today’s releases, including Paul Cellupica, David Bartels, Holly Hunter-Ceci, Tara Varghese, David Fredrickson, Tamara Brightwell, Ted Yu, Luna Bloom, Michele Anderson, and Adam Turk. I […]
Statement at Open Meeting on Commission Guidance Regarding Proxy Voting and Proxy Voting Advice
Aug. 21, 2019 I want to thank Dalia Blass, Bill Hinman, and their staffs, as well as the Office of General Counsel for their hard work on today’s releases. I am pleased that the Commission is considering guidance related to proxy voting, an area of great importance to our capital markets. I like to remind […]
Statement on Proxy-Advisor Guidance
Aug. 21, 2019 I want to begin by expressing my appreciation to Division Directors Dalia Blass and Bill Hinman, and the terrific Staff in the Divisions of Investment Management and Corporation Finance, for their hard work in advance of today’s meeting. I’m also deeply grateful to my colleague Elad Roisman, whose work in this area […]
Statement at the Open Meeting on Commission Guidance and Interpretation Regarding Proxy Voting and Proxy Voting Advice
Aug. 21, 2019 Thank you, Chairman Clayton. I would like to take this opportunity to welcome Commissioner Lee to her first open meeting. I look forward to working with you and am happy that we will all benefit from your insight and passion for this agency and its mission. As with most of our meetings, there […]
Announcement – In relation to the matter of Shenji Group Kunming Machine Tool Company Limited (A joint stock limited company incorporated in the People’s Republic of China with limited liability) (Stock Code: 300) Cancellation of listing
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 Shenji Group Kunming Machine Tool Company Limited(A joint stock limited company incorporated in the People’s Republic of China with limited liability)(Stock Code: 300) Cancellation of listing The Stock Exchange of Hong […]
FTC Refunds Consumers Who Bought Deceptively Marketed and Advertised “Nobetes” Diabetes Treatment Supplement
The Federal Trade Commission is mailing 398 checks totaling $60,791 to refund consumers nationwide who bought “Nobetes,” a dietary supplement pill deceptively advertised as an effective diabetes treatment. The average amount per check is $152.74, and consumers are getting back all of the money they spent on the product. According to the Commission’s December 2018 […]
FTC Approves Final Consent Order Settling Charges That Background Screening Company Falsely Claimed Compliance with EU-U.S. Privacy Shield Framework
Following a public comment period, the Federal Trade Commission has approved a final consent order settling charges that a background screening company falsely claimed to be in compliance with the EU-U.S. and Swiss-U.S. Privacy Shield frameworks. SecurTest, Inc. agreed in June to settle FTC charges that its website falsely claimed that it participated in the […]
Andrew J. Kandelapas
On August 12, 2019, the Securities and Exchange Commission obtained a final judgment against the former CEO of a penny stock company based in the Chicago suburbs, ordering the payment of more than $860,000 in monetary remedies. The SEC charged Andrew J. Kandalepas, the former CEO, President, and Chairman of the Board of Wellness Center […]
Crystal World Holdings, Inc., et al.
Litigation Release No. 24571 / August 19, 2019 Securities and Exchange Commission v. Crystal World Holdings, Inc., et al., No. 1:19-cv-2490 (D.D.C. filed August 19, 2019) The Securities and Exchange Commission today charged Crystal World Holdings, Inc., The New Sports Economy Institute, and Christopher Paul Rabalais with misleading investors in the unregistered offer and sale […]