SEC Imposes Over $3.8 Million in Penalties for Violations of Shareholder Disclosure Rules

SEC Imposes Over $3.8 Million in Penalties for Violations of Shareholder Disclosure Rules

Regulatory Insights, Shareholder Disclosures, UncategorisedLeave a comment

On September 25, 2024, the Securities and Exchange Commission (SEC) announced settled charges against 23 entities and individuals for failing to timely report their holdings and transactions in public company stocks. This enforcement action, focused on Schedules 13D, 13G, and Forms 3, 4, and 5, underscores the SEC’s commitment to enforcing shareholder disclosure rules and maintaining transparency in financial markets.

Among the entities penalised are some of the largest and most recognisable names in the corporate world, including Alphabet and Goldman Sachs. The total fines levied amount to more than $3.8 million.

FCA Announces Plans to Reform Financial Services Retail Disclosure Requirements

FCA Announces Plans to Reform Financial Services Retail Disclosure Requirements

Fund Documents, Regulatory Insights, UncategorisedLeave a comment

On 19th September 2024, the Financial Conduct Authority (FCA) issued a statement outlining its plans to overhaul the existing PRIIPs legislation in the UK. The new framework Consumer Composite Investments aims to enhance flexibility and address long-standing industry concerns, particularly in the area of cost disclosures.