investor-protection
Every record this desk has filed under investor-protection, newest first, each with the number of sources it can still show you.
SEC alleges two entities used false filings to support a scheme raising more than $130 million
The SEC announced charges October 29 against BG Wealth Sharing Ltd and DSJ Exchange Pty Ltd, alleging a scheme that raised more than $130 million from tens of thousands of retail investors. The agency says false public filings were presented as proof of SEC approval. It seeks injunctions and monetary relief; the announcement does not report a court judgment deciding the allegations.
Also filed undersecuritiesfraud-allegationscrypto-assetssec
SEC examination priorities put advisers' conflicts and hard-to-sell investments in focus for 2027
SEC examination staff plans to focus on advisers' financial conflicts, complex investments sold to ordinary investors, and protection of customer information during fiscal 2027. The October 23 announcement describes a program covering more than 34,000 registrants. The priorities identify planned scrutiny; the staff document creates no new legal obligations and does not establish misconduct by a particular firm.
Also filed undersecinvestment-advisersprivate-creditcybersecurity
SEC proposes restoring most fixed-income cross trades between registered funds and affiliates, with added oversight
The SEC proposed changing its cross-trading rule October 9 so registered funds could again cross trade most fixed-income securities with certain affiliates. Its fact sheet describes adviser best-interest determinations, quarterly compliance reviews, annual back testing and aggregate reporting. The proposal is not a final rule. Comments would remain open for 60 days after Federal Register publication; the release supplies no closing calendar date.
Also filed undersecregistered-fundsfixed-incomecross-tradingproposed-rule
The SEC proposes letting closed-end funds and business development companies offer multiple share classes, and would rescind all but one of the roughly 230 orders that permit it today
The Securities and Exchange Commission proposed on September 30 letting registered closed-end funds and business development companies sell multiple share classes — each with its own fees, sales loads or distribution arrangement — under a standing rule, instead of the individual exemptive order required today. The agency says it has issued about 230 such orders since 2007 and proposes to rescind all but one. It filed the proposal with the Federal Register October 2 and publication is scheduled for October 5; comments are due 60 days after publication.
Also filed undersecinterval-fundsclosed-end-fundsbusiness-development-companiesshare-classes
SEC charges Meyer Global Management and its CEO with fraud, alleging at least $1.27 million was misappropriated from private funds meant to hold SpaceX and other pre-IPO shares
The Securities and Exchange Commission filed a civil complaint September 30 in the Southern District of New York against Meyer Global Management LLC and its CEO, Owen E.H. Meyer. It alleges that since at least December 2021 they misused money in private funds set up to hold SpaceX and other pre-IPO interests, including at least $1,270,000 misappropriated, and misled investors. The SEC seeks injunctions, surrender of gains and penalties. Neither document reports a settlement or gives investors instructions.
Also filed undersecsecurities-fraudprivate-fundspre-ipospacex
The SEC has proposed a wider door to private markets. Before you buy in, count the boxes the shares are packed in
On September 30 the SEC proposed ways to bring private-market strategies to everyday investors through regulated funds. The same day, in a separate action, it sued an adviser it says sold nearly 100 investors interests in funds meant to hold SpaceX and other pre-IPO shares and, in one case, told investors a deal had closed after the transfer was refused. The documents in the two actions do not mention each other. Read together, they show what to ask before buying any piece of a private company: what you own, whether the transfer happened, how you get out, and how the manager is paid.
Also filed underprivate-marketssecfinrapre-ipo
A record appears here because it carries investor-protection in its own tags. If a record you expected is missing, it was filed under a different subject — the full list is on the topics index.