SEC News
Official announcements and updates from the U.S. Securities and Exchange Commission.
SEC Innovation Exemption Opens a Five-Year Path for Onchain Trading of Tokenized U.S. Stocks
The SEC has granted temporary and conditional relief allowing qualifying Tokenized Securities Venues to facilitate limited trading of tokenized National Market System stocks through permissioned automated market makers and liquidity pools. The exemption creates a controlled path for onchain stock trading while preserving ownership rights, trading-halt coordination, public disclosures and limits on trading volume and eligible symbols.
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OTC Link SEC Censure: $575,000 Penalty Exposes Longstanding Regulation SCI Control Failures
The SEC censured OTC Link LLC and imposed a $575,000 civil penalty after finding that the broker-dealer repeatedly failed to establish, finalize and enforce technology-control policies required by Regulation SCI. The deficiencies affected areas including system security, access controls, network configuration, data-loss prevention and application vulnerability management, with some problems remaining unresolved after multiple SEC examinations.
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SEC Data Shows U.S. IPO Proceeds Surged Nearly 400% in First Half of 2026
New market statistics published by the U.S. Securities and Exchange Commission show a sharp rise in American public-market fundraising. The number of initial public offerings increased by approximately 16% year over year, while IPO proceeds climbed nearly 400%, indicating that the market was not only more active but also dominated by substantially larger capital raises.
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Fiat Chrysler SEC Fair Fund Order: Dieselgate Disclosure Failures, $9.5 Million Penalty and Investor Recovery Risks
The SEC has approved $103,019.72 in administrative fees and expenses connected with the Fiat Chrysler Automobiles Fair Fund. The September 25, 2026 order does not announce a new enforcement charge against the automaker. Instead, it advances the administration of a $9.5 million fund created after the SEC found that Fiat Chrysler made misleading public statements about the scope and results of an internal emissions inquiry.
Read more →Petrobras SEC Fair Fund Order Highlights Investor Recovery Limits in Global Public Company Cases
The SEC order involving Petróleo Brasileiro S.A. – Petrobras highlights how investor recovery in major public-company enforcement matters can continue through multiple distributions years after the original case. The latest SEC administrative order authorized a second Fair Fund distribution totaling $6,414,906.46 to harmed investors. The matter is important for shareholders because it shows how global issuer cases, settlement funds, claim eligibility, late claims, undeliverable payments and recovery calculations can affect what investors actually receive after an SEC enforcement action.
Read more →Platinum Wealth Partners SEC Order: Promissory Note Disclosure, Adviser Cash Flow and Investor Recovery Risks
The SEC order involving Platinum Wealth Partners, Inc. and David L. Potter highlights how promissory note offerings by an advisory firm can expose retail investors and advisory clients to disclosure and recovery risks. The latest SEC administrative order appointed a tax administrator for the Fair Fund connected to the Platinum Wealth proceeding. The underlying SEC matter involved allegations that Platinum Wealth and Potter solicited investors to purchase or renew approximately $1.6 million in promissory notes while giving the impression that the business was profitable and failing to disclose default risk. For investors reviewing adviser-issued notes, private debt offerings or cash-flow financing programs, the case shows why issuer finances, note repayment sources, adviser conflicts and recovery limits must be verified.
Read more →Ameritas Advisory SEC Order Highlights Adviser Compensation, Fair Fund Distribution and Client Recovery Limits
The SEC order involving Ameritas Advisory Services, LLC highlights how investment adviser compensation conflicts and client recovery procedures can remain important years after an enforcement matter begins. The latest SEC administrative order authorized the transfer of remaining Fair Fund money to the U.S. Department of the Treasury and terminated the Fair Fund after Ameritas had distributed more than $4.42 million to harmed advisory clients. The matter is important for investors because it shows why adviser compensation, disclosure controls, client account review, refund calculations and recovery limits should be evaluated when reviewing advisory firms.
Read more →Kraft Heinz SEC Order: $66M Fair Fund Distribution Highlights EBITDA, Accounting Controls and Investor Recovery Risks
The SEC order involving The Kraft Heinz Co. and Eduardo Pelleissone highlights why public-company investors should look closely at accounting controls, non-GAAP performance metrics and later recovery procedures. The latest SEC administrative order authorized the transfer of $66,018,180.18 from a Fair Fund for distribution to 21,725 harmed investors. The matter is important because the underlying SEC case involved accounting improprieties that affected adjusted EBITDA, a key performance metric watched by investors. For shareholders and analysts, the case shows why procurement accounting, internal controls, earnings metrics, restatements and Fair Fund recovery limits should be reviewed together.
Read more →Quantstamp SEC Fair Fund Order Highlights Investor Recovery Limits in Crypto Offering Cases
The SEC order involving Quantstamp, Inc. highlights how investor recovery in digital asset and token-related enforcement matters can continue long after the original proceeding. The latest SEC administrative order authorized the transfer of $1,771,717.33 from a Fair Fund for distribution to harmed investors. For investors reviewing crypto offerings, token issuers and blockchain-related private sales, the Quantstamp matter shows why registration status, exemption claims, offering disclosures, claim deadlines, Fair Fund procedures and recovery limits should be reviewed before relying on a project's public narrative.
Read more →ShipChain SEC Order: Fair Fund Distribution Highlights ICO Investor Recovery and Token Offering Risks
The SEC order involving ShipChain, Inc. highlights how digital asset enforcement matters can continue long after an initial coin offering has ended. The latest SEC administrative order authorized the transfer of $2,221,516.35 from a Fair Fund for distribution to harmed investors. For investors reviewing crypto, token sales and blockchain-related private offerings, the ShipChain matter shows why registration status, exemption claims, token-sale disclosures, use of proceeds, claim deadlines and Fair Fund recovery limits should be verified before relying on a project's market narrative.
Read more →Keith Gebert SEC Order Shows Why Adviser Referral-Fee Disclosure Matters in Private Fund Recommendations
The SEC order involving Keith R. Gebert and Rightbridge Private Capital LLC highlights how undisclosed referral fees can create serious conflicts when investment advisers recommend private funds to clients. The SEC found that Gebert advised approximately 36 clients to invest about $10 million in a private real estate fund while receiving more than $500,000 in referral fees from a real estate company affiliated with the fund. The case is important for investors because it shows why adviser compensation, referral arrangements, private fund affiliations and fiduciary disclosures should be verified before clients rely on an adviser's recommendation.
Read more →CMI Capital SEC Case: Michael D. Williams, Law-Enforcement Investors and Private Fund Return Claims
The SEC case involving CMI Capital LLC and Michael D. Williams highlights how private fund investors can be exposed to risk when trust, professional relationships and performance claims replace verifiable records. The SEC alleged that Williams and CMI Capital raised approximately $860,000 from at least 18 investors, many of whom were current or retired law enforcement officers in South Florida. The case is important for investors because it centers on fund return claims, screenshots of trading profits, alleged misuse of investor money and the need to verify portfolio value, account records, manager authority and registration status before relying on private investment presentations.
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