SEC News
Official announcements and updates from the U.S. Securities and Exchange Commission.
SEC Targets Clearday's Long Filing Gap in Registration Proceedings
The SEC has opened administrative proceedings against Clearday, Inc., alleging that the company failed to file periodic reports after its Form 10-Q for the quarter ended September 30, 2023. The proceeding will determine whether the allegations are supported and whether the registration of Clearday securities should be suspended or revoked.
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SEC Opens Delinquent-Filing Proceedings Against Evergreen Sustainable Enterprises
The SEC has instituted administrative proceedings against Evergreen Sustainable Enterprises, Inc., alleging the company failed to file required periodic reports after its 2022 annual report. The case will determine whether the allegations are true and whether to suspend or revoke the registration of its securities.
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Gregory Dale Smith SEC Insider Trading Case: Kimball Acquisition Tip, 11,455 Shares and $59,711 Profit
The SEC has settled insider trading charges against Gregory Dale Smith over purchases of Kimball International, Inc. stock before the company's acquisition by HNI Corporation. According to the Commission, Smith learned about the pending deal from his brother, who was married to a senior Kimball executive and expressly told Smith that the information was confidential and should not be used for trading. Despite that warning, the SEC says Smith purchased 11,455 Kimball shares during February 2023 and later sold them after the acquisition became public. The trades generated $59,710.85 in profits. The case is a clear example of misappropriation-based insider trading, where liability can arise even when the trader is not an employee, director or adviser of the public company.
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Evil Empire Designs SEC Proceeding: Registration Review Follows Three Years Without Reports
The SEC has instituted an administrative proceeding against Evil Empire Designs, Inc. over alleged failures to file required periodic reports. The order says the Nevada corporation has not filed periodic reports since its Form 10-Q for the quarter ended September 30, 2023. The SEC will determine whether the allegations are true and whether suspending or revoking the company's securities registration is appropriate. The order identifies the company as CIK 1759424 and says unsolicited quotations for its common stock are submitted on OTC Link ATS under symbol EVVL. No final suspension or revocation has been imposed.
Read more →IntelGenx Technologies SEC Proceeding: CCAA Restructuring, Chapter 7 Bankruptcy and a Filing Record Frozen Since 2024
The SEC has instituted an administrative proceeding against IntelGenx Technologies Corp. after the pharmaceutical issuer stopped filing required periodic reports during a period of severe financial restructuring. The September 15, 2026 order states that IntelGenx, SEC CIK No. 1098880, has filed no periodic report since its Form 10-Q for the quarter ended March 31, 2024. That filing gap coincides with a much deeper corporate transition: IntelGenx entered Canadian creditor-protection proceedings in May 2024, its operating subsidiary was later sold through a court-supervised restructuring process, and the public parent filed for Chapter 7 bankruptcy in Delaware in February 2025. The SEC proceeding therefore reflects more than an isolated late-reporting issue; it sits at the end of a restructuring chain that materially changed what remained inside the public-company entity.
Read more →IntelGenx Technologies SEC Proceeding: CCAA Restructuring, Chapter 7 Bankruptcy and a Filing Record Frozen Since 2024
The SEC has instituted an administrative proceeding against IntelGenx Technologies Corp. after the pharmaceutical issuer stopped filing required periodic reports during a period of severe financial restructuring. The September 15, 2026 order states that IntelGenx, SEC CIK No. 1098880, has filed no periodic report since its Form 10-Q for the quarter ended March 31, 2024. That filing gap coincides with a much deeper corporate transition: IntelGenx entered Canadian creditor-protection proceedings in May 2024, its operating subsidiary was later sold through a court-supervised restructuring process, and the public parent filed for Chapter 7 bankruptcy in Delaware in February 2025. The SEC proceeding therefore reflects more than an isolated late-reporting issue; it sits at the end of a restructuring chain that materially changed what remained inside the public-company entity.
Read more →Haywood Securities SEC Order: $750,000 Penalty for Missing Suspicious Activity Reports
The SEC has censured Haywood Securities (USA) Inc. and ordered it to pay a $750,000 civil penalty after finding that the broker-dealer failed to file required Suspicious Activity Reports (SARs) for certain customer activity. The SEC's order covers conduct from at least May 2021 through January 2026. It says Haywood USA did not adequately investigate red flags or monitor some high-risk accounts under its own anti-money laundering procedures. The cited examples include rapid liquidation of large share positions and transfers of proceeds. Haywood USA settled without admitting the findings and agreed to cease and desist from future violations.
Read more →Jack Alexander SEC Insider Trading Case: Okta Tip Led to Put Options, 34% Stock Drop and $230,000 Trading Benefit
The SEC has settled insider trading charges against former Okta employee Jack E. Alexander over trades made immediately before the identity-security company lowered its financial outlook in August 2022. According to the Commission, Alexander received confidential information from his friend and former Okta colleague Andrew T. Neller, who warned that the company was likely to reduce financial guidance and specifically suggested buying Okta put options. Alexander then sold all of his Okta shares and purchased $31,567.92 of put options before the company announced problems involving sales-force attrition and the integration of Auth0. Okta shares fell 34% the following day. The SEC calculated $170,859.52 in option profits and $59,381.78 in avoided stock losses, producing a combined trading benefit of approximately $230,241.30.
Read more →Dada Nexus SEC Order: Sham Marketing Transactions Inflated Revenue by About $80 Million
The SEC has entered a settled cease-and-desist order against Dada Nexus Limited over sham online advertising and marketing transactions that materially overstated reported revenue and operating and support costs. The SEC found that from October 2022 through September 2023, transactions with no apparent business substance were used primarily to meet revenue targets. The order says revenue was overstated by about RMB 568 million, or approximately $80 million, and costs by about RMB 576 million, or approximately $81 million. Dada consented without admitting the findings and was ordered to pay a $500,000 civil penalty.
Read more →Newpoint Financial SEC Proceeding: Beverly Hills Issuer Faces Registration Risk After Reporting Stops in 2023
The SEC has instituted an administrative proceeding against Newpoint Financial Corp. after the Beverly Hills-based issuer allegedly stopped filing required periodic reports while its securities remained registered under the Securities Exchange Act. Newpoint Financial, SEC CIK No. 1445831, has not filed any periodic report since its Form 10-Q covering the period ended September 30, 2023, according to the Commission. The company's common stock is no longer publicly quoted or traded, making the case less about current OTC trading activity and more about unresolved reporting obligations attached to a still-registered security. The September 2026 proceeding could ultimately result in suspension or revocation of that registration.
Read more →SEC Appoints Tax Administrator for Raymond Lent Fair Fund Linked to Putney Advisory Case
The SEC has appointed Heffler, Radetich & Saitta, LLP as tax administrator for the qualified settlement fund connected to its settled case against Raymond Lawrence Lent, doing business as The Putney Financial Group. The appointment is an administrative step in managing the fund, not a new enforcement charge. In the underlying 2024 order, the SEC found that Lent and his affiliated broker received revenue sharing and sales commissions tied to advisory client investments without fully and fairly disclosing related conflicts of interest. The SEC says Lent paid the ordered amounts in full; the fund was established to distribute the collected money.
Read more →S&P Dow Jones Indices SEC Fair Fund: $9.05 Million Distributed After VIX Index Failure Linked to XIV
The SEC has authorized a second distribution from the S&P Dow Jones Indices LLC Fair Fund, extending investor compensation tied to a 2021 enforcement action over a volatility index used in securities including the Credit Suisse XIV exchange-traded note. The September 15, 2026 order shows that the fund administrator had already distributed $9,048,493.23 and that $75,374.20 remained in the Fair Fund as of July 24, 2026. The Commission has now authorized another $1,510.78 for two late claimants whose calculated recoveries exceeded the plan's $10 minimum distribution threshold. The latest order is small in dollar terms, but the underlying case remains significant because it concerns how an undisclosed index-control mechanism affected market values during one of the most extreme VIX events in modern markets.
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