Proposed Amendments to Form N-PORT Reporting for Investment Companies
The Securities and Exchange Commission has proposed amendments to Form N-PORT reporting requirements for investment companies and ETFs. This proposal includes changes to the data elements and reporting format, with a comment period ending on April 24, 2026.
SEC Extends Form N-PORT Compliance Dates
The Securities and Exchange Commission (SEC) has extended the compliance dates for Form N-PORT reporting for investment companies. This rule change, published on February 23, 2026, provides additional time for affected entities to comply with the reporting requirements.
SEC v. Tai Mo Shan Limited - Cease-and-Desist Order and $123M Penalty
The SEC has extended the deadline for the Division of Enforcement to submit a Proposed Plan of Distribution for the Fair Fund established in the cease-and-desist order against Tai Mo Shan Limited. The order requires Tai Mo Shan to pay a total of $123,095,287.00 in disgorgement, interest, and penalties for unregistered securities offerings.
SEC Reinstates Accountant Joseph Jennings, CPA After Suspension
The SEC has issued an order reinstating Joseph Jennings, CPA, to practice before the Commission as an accountant. Jennings was suspended in 2018 for insider trading violations related to the H.J. Heinz Company and Kraft Foods Group, Inc. merger.
SEC v. Madison Capital Funding LLC - Investment Adviser Sanctions
The SEC instituted administrative and cease-and-desist proceedings against Madison Capital Funding LLC, an investment adviser. The firm allegedly failed to determine fair market value for trades with pooled investment vehicles it advised during a period of market disruption.
SEC Bars Ejiro Ode Okuma for Fraud and Misappropriation
The SEC has barred Ejiro Ode Okuma from associating with any regulated entity following findings of fraud and misappropriation of over $9 million from a client. A final judgment was entered against Okuma, permanently enjoining him from future violations of securities laws.
SEC Obtains Consent Judgment Against Defendant in Fraud Case
The SEC announced it obtained a final consent judgment against Charles T. Lawrence, Jr. in a civil enforcement action. Lawrence was charged with a multi-million dollar offering fraud, misappropriating at least $4.89 million of investor funds. The judgment permanently enjoins him from violating securities laws and orders disgorgement.
SEC Obtains Final Judgments Against Mining Company and Executives
The SEC announced final judgments by consent against Western Sierra Resource Corporation and its executives Roger Johnson and Dennis Atkins. The company and executives were charged with issuing false and misleading statements regarding the acquisition of gold mining claims. Johnson and Atkins each agreed to pay a $150,000 civil penalty, a three-year officer-and-director bar, and a five-year penny-stock bar.