SEC

SEC Proposes Form N-PORT Amendments to Reduce Reporting Burdens

The SEC has proposed amendments to Form N-PORT to reduce reporting burdens for registered investment companies. Key changes include extending the filing deadline, reducing public disclosure frequency from monthly to quarterly, and streamlining certain reporting items. The SEC also extended compliance dates for Names Rule reporting.

SEC Proposes Amendments to Form N-PORT Reporting for Investment Companies

The SEC has proposed amendments to Form N-PORT reporting for investment companies, including open-end funds, closed-end funds, and ETFs. The proposal would extend the filing deadline, restore quarterly publication, and streamline reporting items. Public comments are due 60 days after publication in the Federal Register.

SEC v. Gessin, Equifunds, Ice Fleet - Securities Fraud Enforcement

The SEC announced final judgments by default against Equifunds, Inc., John David Gessin, and Ice Fleet LLC for a fraudulent scheme that raised over $1.6 million from retail investors. The judgments include disgorgement, prejudgment interest, and a civil penalty against Gessin.

SEC Obtains Final Judgment Against Nicholas Bowerman in Accounting Fraud Case

The SEC announced it has obtained a final judgment against Nicholas Bowerman, a former finance director at CIRCOR International, for alleged accounting fraud. The judgment includes permanent injunctions, a prohibition from serving in financial roles at public companies, and orders Bowerman to pay disgorgement, interest, and a $75,000 civil penalty.

SEC and CFTC Joint Event on Crypto Harmonization

The SEC and CFTC will hold a joint event on January 27, 2026, to discuss harmonization efforts and U.S. financial leadership in the crypto era. The event aims to address regulatory clarity for market participants and foster innovation in the cryptocurrency space.

SEC Appoints New Chairman and Board Members to PCAOB

The SEC announced the appointment of Demetrios Logothetis as Chairman and three new members to the Public Company Accounting Oversight Board (PCAOB). These appointments are intended to usher in a new era of sensible and efficient oversight of auditors, focusing on the PCAOB's core mission of investor protection.

SEC Publishes Data on ETFs, Fund Mergers, and Advisors

The SEC's Division of Economic and Risk Analysis has published new reports on active ETFs and fund mergers, along with updated statistics for municipal advisors, transfer agents, and security-based swap dealers. These publications provide data and analysis on market trends and investor fee impacts.

SEC v. Ryan Squillante - Insider Trading Enforcement

The SEC announced a final consent judgment against Ryan Squillante for insider trading. Squillante was ordered to pay disgorgement and prejudgment interest totaling $250,765, which was satisfied by a criminal fine in a parallel case. The SEC alleges he used confidential information to trade in at least ten securities.

SEC Obtains Judgments Against Shvartsman Brothers for Insider Trading

The SEC announced it obtained final consent judgments against Gerald and Michael Shvartsman for insider trading in DWAC securities, resulting in disgorgement of over $22 million. The action also involved parallel criminal proceedings, and the SEC voluntarily dismissed its claims against Rocket One Capital LLC.

SEC Charges Marat Likhtenstein with $4 Million Offering Fraud

The SEC has charged Marat Likhtenstein with an offering fraud scheme that raised over $4.1 million. Likhtenstein allegedly misappropriated investor funds for personal expenses and Ponzi-like payments. He consented to injunctive relief, with monetary relief to be determined.