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On January 29, 2019, the SEC’s Boston Regional Office issued a deficiency letter to a SEC registered investment adviser in connection with a routine examination. The following are the noteworthy findings: The Staff determined based on the compliance program documentation and interviews with the CCO, that the CCO may not have a full understanding of … Read More

On January 25, 2019, President Trump signed a short-term spending bill into law that reopened the SEC until February 15th.  SEC examiners were called back to work on January 28th and immediately continued with their examinations.   Mission Critical received two phone calls from its clients on January 28th regarding correspondences they received from SEC examiners.  As of … Read More

On January 15, 2019, the SEC announced charges against nine defendants for participating in a scheme to hack into the SEC’s EDGAR system and extract nonpublic information to use for illegal trading. In total, the traders traded before at least 157 earnings releases from May to October 2016 and generated at least $4.1 million in … Read More

On January 9, 2019, the SEC announced charges against Katz, Sapper & Miller, LLP (“KSM”), and Scott C. Price, CPA (“Price”) (collectively “Respondents”) pursuant to Section 203(k) of the Investment Advisers Act of 1940 (“Advisers Act”), Section 4C of the Securities Exchange Act of 1934 (“Exchange Act”) and Rule 102(e)(1)(ii) of the Commission’s Rules of … Read More