SEC News
Official announcements and updates from the U.S. Securities and Exchange Commission.
First Capital International SEC Proceeding: Registration at Risk After Reports Stopped in 2023
The SEC has instituted an administrative proceeding against First Capital International, Inc. over alleged failures to file required periodic reports. The order says the company has filed no periodic reports since its Form 10-K for the year ended December 31, 2023, and that its common stock is not publicly quoted or traded. The Commission will determine whether the allegations are true and whether suspending or revoking the company's securities registration is appropriate. This initiating order does not itself impose a suspension or revocation; First Capital may answer the allegations and present defenses.
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Fomo Worldwide SEC Proceeding: Reporting Delinquency Could Put Registration at Risk
The SEC has instituted an administrative proceeding against Fomo Worldwide, Inc. over alleged failures to file periodic reports. The order says the company has not filed periodic reports since its Form 10-Q for the quarter ended March 31, 2024. The SEC will determine whether the allegations are true and whether suspending or revoking Fomo Worldwide's securities registration is appropriate. The order identifies the company as CIK 867028 and says unsolicited quotations for its common stock are submitted on OTC Link ATS under symbol IGOT. This is an initiating order, not a final suspension or revocation.
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Gresham Worldwide SEC Proceeding: Giga-tronics Successor Faces Review Over Delinquent Filings
The SEC has instituted an administrative proceeding against Gresham Worldwide, Inc., formerly known as Giga-tronics Incorporated, over alleged failures to file periodic reports. The SEC's order says the company has filed no periodic reports since its Form 10-Q for the quarter ended March 31, 2024. The Commission will determine whether the allegations are true and whether suspending or revoking the company's securities registration is appropriate. The proceeding names Gresham Worldwide and its former corporate name, and says unsolicited quotations for its common stock are submitted on OTC Link ATS. The order is not a final decision.
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Clarice Saw SEC Bar: $2.4 Million Elderly Customer Misappropriation Case Ends in Securities Industry Ban
The SEC has barred former registered representative Clarice Saw from association with brokers, dealers, investment advisers and several other regulated securities businesses following a federal judgment tied to the alleged misappropriation of approximately $2.4 million from an elderly customer. Saw had worked in the securities industry from 1996 through 2022, giving the case an unusually long professional backdrop compared with many short-lived investment fraud matters. The September 21, 2026 administrative order does not create a new fraud allegation; instead, it converts the earlier civil judgment into a broad regulatory bar that can affect Saw's future ability to return to the securities industry. :chatgpt-content-reference{index="1"}
Read more →Himalaya Technologies SEC Proceeding: Reporting Gap Since 2024 Could Put Registration at Risk
The SEC has instituted an administrative proceeding against Himalaya Technologies, Inc. over alleged failures to file required periodic reports. The SEC's order says the company has filed no periodic reports since its Form 10-Q for the period ended April 30, 2024. The Commission will determine whether the allegations are true and whether suspending or revoking the company's securities registration is appropriate. The order states that unsolicited quotations for Himalaya's common stock are submitted on OTC Link ATS. This proceeding is not a final ruling, and the company may present defenses.
Read more →S&P Dow Jones Indices Fair Fund Sends an Additional $1,510 to Two Late Claimants
The SEC has directed a second, small distribution from the Fair Fund established after its 2021 settled action against S&P Dow Jones Indices LLC. The order authorizes $1,510.78 for two late claimants whose calculated payments exceed the plan's $10 minimum. It follows an earlier distribution of about $9.05 million and leaves $75,374.20 in the fund as of July 24, 2026, before the latest transfer. The 2026 order concerns investor compensation administration; it does not announce a new enforcement charge against S&P DJI.
Read more →Streetex Corp. SEC Proceeding: Nevada Issuer Based in Germany Faces Registration Revocation Risk After Filing Gap
The SEC has instituted an administrative proceeding against Streetex Corp., a Nevada-incorporated company located in Linkenheim-Hochstetten, Germany, over repeated failures to maintain required periodic reporting. Streetex has SEC CIK No. 1822372 and a class of securities registered under Exchange Act Section 12(g), but the Commission says the company has not filed any periodic report since submitting a Form 10-Q for the period ended March 31, 2024. Unlike several other delinquent issuers whose stocks remain visible through OTC quotations, the SEC specifically states that Streetex common stock is not currently publicly quoted or traded. The proceeding therefore raises a narrower but important question: what happens when a cross-border issuer stops maintaining current SEC disclosure even after active U.S. trading has effectively disappeared?
Read more →S&P Dow Jones Indices Fair Fund Sends an Additional $1,510 to Two Late Claimants
The SEC has directed a second, small distribution from the Fair Fund established after its 2021 settled action against S&P Dow Jones Indices LLC. The order authorizes $1,510.78 for two late claimants whose calculated payments exceed the plan's $10 minimum. It follows an earlier distribution of about $9.05 million and leaves $75,374.20 in the fund as of July 24, 2026, before the latest transfer. The 2026 order concerns investor compensation administration; it does not announce a new enforcement charge against S&P DJI.
Read more →Virtual Interactive Technologies SEC Proceeding: OTC Trading Continues While Periodic Reporting Falls Behind
The SEC has instituted an administrative proceeding against Virtual Interactive Technologies Corp. over alleged failures to maintain required periodic reporting. The company remains part of the U.S. public-market infrastructure through an SEC registration and OTC quotation history, yet the Commission says its disclosure record has fallen materially behind. The case is important because investors can still encounter a ticker, price history and corporate profile even when the issuer's latest SEC filings no longer provide a current picture of revenue, liabilities, dilution, management changes or business continuity. In that environment, the existence of a tradable or quoted security should not be treated as evidence that the underlying issuer is current with federal reporting requirements.
Read more →Jack E. Alexander SEC Order: Okta Insider Trading Case Brings $230,241 Civil Penalty
The SEC announced a settled insider-trading order against Jack E. Alexander concerning Okta's August 2022 reduction in its financial guidance. The SEC's order finds that after receiving a warning from former Okta colleague Andrew T. Neller, Alexander sold his Okta shares and bought put options before the company's announcement. The SEC says Alexander realized $170,859.52 in options profits and avoided $59,381.78 in losses. He consented to a cease-and-desist order without admitting the SEC's findings and agreed to pay disgorgement, interest, and a civil penalty totaling $492,697.95.
Read more →Reelcause SEC Proceeding: OTC Issuer Registered in 2024 but Never Filed a Periodic Report
The SEC has opened an administrative proceeding against Reelcause, Inc. after the Nevada company failed to file any periodic report following its 2024 registration under the Securities Exchange Act. Reelcause, which has SEC CIK No. 2008670 and trades through unsolicited OTC quotations under the symbol RCIT, filed an initial Form 10-12G registration statement in January 2024 and amended it the following month. According to the SEC, however, the company never followed that registration with a Form 10-K, Form 10-Q or any other required periodic report. The case is particularly notable because the disclosure problem began almost immediately after registration, rather than emerging years later after an established reporting history.
Read more →IntelGenx SEC Proceeding: Reporting Delinquency Puts Registration at Risk
The SEC has instituted an administrative proceeding against IntelGenx Technologies Corp. over alleged failures to file required periodic reports. The order says the company has filed no periodic reports since its Form 10-Q for the quarter ended March 31, 2024, and that its common stock is not publicly quoted or traded. The Commission will determine whether the allegations are true and whether suspending or revoking the company's securities registration is appropriate. The order begins that process; it is not a final decision on the allegations or the company's registration.
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