Tag Archives: Securities and Exchange Commission

SEC Proposes Changes to Exempt Offering Framework; Jay Clayton Quoted

The Securities and Exchange Commission has proposed amendments to the current exempt offering framework under the Securities Act of 1933 in an effort to expand investment opportunities and advance capital formation. "Emerging companies—from early-stage start-ups seeking seed capital to companies that are on a path to become a public reporting company—use the exempt offering rules to access critical capital needed to create jobs and scale their businesses," SEC Chairman Jay Clayton said in a statement published Wednesday.

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Kristina Littman to Lead SEC Enforcement Division’s Cyber Unit

Kristina Littman, a former staff attorney of the Securities and Exchange Commission, has been appointed to serve as chief within the cyber unit of SEC's Division of Enforcement. She will lead a unit that secures investors and associated markets from cases of cybercrime, succeeding Robert Cohen who stepped down from the role in August, the commission said Monday.

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CIA Vet Kevin Zerrusen Takes SEC Cybersecurity Advisory Role

Kevin Zerrusen, former managing director for Goldman Sachs, has been appointed senior advisor for cybersecurity policy under Securities and Exchange Commission Chairman Jay Clayton, SEC said Monday. Zerrusen will oversee the agency’s collaborative efforts on cybersecurity policy, risk assessment and relationship management in his new capacity.

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James McNamara Promoted to SEC Chief Human Capital Officer; Kenneth Johnson Quoted

James McNamara, acting chief human capital officer at the Securities and Exchange Commission, is assuming the role on a full time basis. McNamara will drive the sustainment of the agency's workforce, oversee policies and human resource efforts in employee development, recruitment, retention and leadership under his new role, SEC said Thursday.

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SEC Appoints Daniel Kahl Deputy Director of the Office of Compliance Inspections and Examinations

Daniel Kahl, chief counsel of the Securities and Exchange Commission's Office of Compliance Inspections and Examinations, will assume an additional role as the office's deputy director. He joins Kristin Snyder, OCIE's current deputy director, in overseeing the office's strategic efforts, the agency said Tuesday.

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SEC to Hold 2018 Small Business Capital Formation Forum at Ohio State University

The Securities and Exchange Commission is hosting its annual Government-Business Forum on Small Business Capital Formation in cooperation with The Ohio State University's National Center for the Middle Market. The event, taking place Dec. 12 at the university's Fawcett Center, aims to help small businesses adopt additional measures in capital development, the SEC said Thursday.

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SEC Says Nine Public Firms Lost $100M to Cyber Fraud; Jay Clayton Quoted

The Securities and Exchange Commission has released a report that calls for public companies to develop and implement internal accounting controls while taking into account the risks associated with cyber fraud. "Cyber frauds are a pervasive, significant, and growing threat to all companies, including our public companies," SEC Chairman Jay Clayton said in a statement published Tuesday.

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