Reminder: The SEC is closed, Thursday, November 23, 2017

Reminder: The Securities and Exchange Commission (SEC) is closed, Thursday, November 23, 2017 in observance of the Thanksgiving holiday.

The U.S Securities and Exchange Commission (“SEC”) will be closed on Thursday, November 23, 2017 in observance of the Thanksgiving Holiday. With the SEC closed, filers will not be permitted to submit filings to the EDGAR system.

Filings submitted after 5:30pm ET, Wednesday, November 21, 2017 will be disseminated Friday, November 24, 2017 at 6:00am ET and receive a Monday, November 24, 2017 filing date. If a filing has a due date of Thursday, November 23, 2017, the due date will fall on the following business day, Friday, November 24, 2017.

Securex provides a dynamic filing deadline calculator to review SEC filing deadlines and holidays to help you not miss an SEC filing deadline.

>> Access Calendar >>

Need help with a last minute filing?

Securex is staffed 24/7, including holidays, to help with get your project ready for filing during the holidays. Contact us if we may be of assistance.

By : Securex /November 22, 2017 /SEC EDGAR Filing Deadlines /0 Comment Read More

Securex Launches Disclosure Newswire™ with iCrowdNewswire

Securex Launches Disclosure Newswire™ with iCrowdNewswire

Next generation “SaaS” Securities and Exchange Commission (SEC) regulatory disclosure service

iCrowdNewswire has launched an easy-to-use software-as-a-service (SaaS) solution with an extensive network of financial news channels, social media channels, media and corporate websites, RSS channels, search engines and publishing partners, delivering the most cost-effective press release regulatory compliance distribution available. Disclosure releases are priced at $175 flat fee with unlimited words, no overage or extra charges.

In addition to regulatory press release compliance in the United States, the Disclosure Newswire™ provides regulatory press release disclosure services in Canada, Europe and United Kingdom.

The system provides an automated simultaneous distribution time-stamp email immediately after distribution and a full distribution report within hours. In addition, every press release is sent by email to thousands of media editors, guaranteed posting on hundreds of websites, including the Financial Content web network which has a monthly audience traffic exceeding 5 million unique visitors in the United States and 6 million globally. The full news feed is published in Apple News available on millions of iPhones, iPads and other mobile devices.

The service includes guaranteed distribution through major newswires, aggregators and databases including:

  1. Dow Jones Factiva – Factiva is a business information and research tool owned by Dow Jones & Company. Factiva aggregates content from both licensed and free sources, and provides organizations with search, alerting, dissemination, and other information management Factiva products provide access to more than 32,000 sources (such as newspapers, journals, magazines, television and radio transcripts, photos, etc.) from nearly every country worldwide in 28 languages, including more than 600 continuously updated newswires.
  2. Comtex – Comtex News Network, Inc. is a distributor of news on the Internet, specializing in the business and financial market sectors.[2] The company is a wholesaler of electronic real-time news and content gathered from thousands of sources, including national and international news bureaus, agencies and publications (including Business Wire, Dow Jones, McClatchy Information Services, PR Newswire and United Press International).
  3. ProQuest Dialog – Dialog pioneered the online information industry in the early 1970s, delivering content from the world’s most authoritative sources. More than 9,000 publishers around the world partner with ProQuest. Today, ProQuest Dialog continues to be a market-leading provider of premium content — now in a user-friendly, flexible interface with specialized workflow tools enabling the novice searcher and expert information professional to quickly find, organize, and share the right information.
  4. Thomson Reuters – Thomson Reuters was created by the Thomson Corporation’s purchase of British-based Reuters Group on 17 April 2008, and is majority owned by The Woodbridge Company, a holding company for the Thomson family. Thomson Reuters was ranked as Canada’s “leading corporate brand” in the 2010 Interbrand Best Canadian Brands ranking. Thomson Reuters operates in more than 100 countries, and has more than 60,000 employees around the world.
  5. Newstex – ACI Information Group is the world’s leading aggregator of editorially selected and curated social media and blog publications. With over 10,000 news and commentary blogs and more than one million scholarly blog posts in its indices, ACI is revolutionizing the way people conduct research by enabling them to find the content they’ve been missing.
  6. Copyright Clearance Center – Copyright Clearance Center (CCC) is a U.S. company based in Danvers, Massachusetts, provides collective copyright licensing services for corporate and academic users of copyrighted materials. CCC procures agreements with rights holders, primarily academic publishers, and then acts as their agent in arranging collective licensing for institutions and one-time licensing for document delivery services.
  7. Gale Cengage – Gale provides content and technology to support research and education at businesses, corporations, libraries, colleges, universities and schools.
  8. Newsware – At NewsWare, we know that News moves the markets — and News is our business! NewsWare is Wall Street’s oldest, most trusted name in news. For more than 20 years, institutional, professional and retail traders have relied on NewsWare for fast, accurate, and reliable News We are dedicated to delivering up-to-the-minute News in a variety of formats that are displayed and organized to your specific needs.
  9. NewsBank – NewsBank, has been a premier information provider for more than 40 years partnering with over 9,000 publishers worldwide. Our comprehensive resources meet the diverse research needs of corporations, financial institutions and professionals around the world.
  10. NewsCred – NewsCred enables brands to easily manage content creation, distribution, and measurement – across channels, teams, and global markets – all on a single platform.
  11. EBSCO & EBSCOhost – EBSCO Information Services, headquartered in Ipswich, Massachusetts, is a division of EBSCO Industries Inc., the third largest private company in Birmingham, Alabama, with annual sales of nearly $2 billion.
  12. NewsEdge – com is an integrated real-time news management and delivery solution for business professionals.  Users across the enterprise benefit from current news and actionable information as it relates to their job, their company and their industry. combines a business relevant content collection with search strategies and information sharing tools enabling users to find and communicate the news and events impacting business.
  13. Acquire Media – At Acquire Media, digital media is all we do. We are an advanced technology company devoted to delivering text news and multimedia with guaranteed reliability in formats that make content instantly usable and searchable. We serve the news, digital publishing and financial services communities, which depend on the speed of our delivery service, our reliability, our 24×7 support, plus our ability to handle multiple formats and delivery options.

Tired of paying high fees for Press Releases?
Securex is happy to introduce this new SEC Regulatory Disclosure Service. For a limited time, send your 1st release for only $1. Contact Securex today for your promotional code.

By : Securex /July 19, 2016 /Compliance, Newswire, Regulation Fair Disclosure (Reg. FD), SEC Forms /0 Comment Read More

SEC’s New Court Powers Aren’t Going Away

Publisher: BloombergView
Author: Noah Feldman

Should the Securities and Exchange Commission be allowed to act as prosecutor, judge and jury in pursuing civil penalties against alleged violators of the security laws? If you think the answer is yes, you can only be heartened by Tuesday’s decision by the U.S. Court of Appeals for the D.C. Circuit refusing to hear constitutional challenges to the SEC’s new powers under the Dodd-Frank Act.

The court said that the defendant, George Jarkesy, could still bring his constitutional claims to the courts after the SEC reaches a final decision in this case, which hasn’t happened yet. In theory, the court could then reach a different result when reviewing the constitutional merits of the SEC’s powers.

But reading the tea leaves of the decision, it doesn’t look promising for challengers to the new powers. And that’s a shame. Even though administrative proceedings are a familiar feature of the U.S. legal system, the erosion of the authority of Article III courts should be a meaningful constitutional issue — whether the defendants are Guantanamo detainees or white-collar fraudsters.

Before 2010, the SEC could only impose civil monetary penalties if a defendant chose to keep his or her case before the commission, otherwise it had to go to a federal court. The idea was that penalties are in a sense criminal or at least punitive — and therefore should be the business of ordinary courts, which come with a guaranteed jury trial and all the other procedural protections of the judicial system.

For full access to the article, please click here.

By : Securex /October 07, 2015 /Compliance /0 Comment Read More

SEC’s ‘broken windows’ policing of Wall Street ‘deeply flawed’ or necessary?

Publisher: The Guardian
Author: Suzanne McGee

At times, Mary Jo White sounds almost like Wyatt Earp, or some other law enforcer from the Old West – only without the gun.

“You have to be tough” has been White’s motto since taking over the Securities and Exchange Commission from Mary Schapiro in spring 2013.

“The SEC is a law enforcement agency,” she told the Wall Street Journal. “You have to try to send as strong a message as you can, across as broad a swath of the market as you regulate, and that’s pretty broad.”

On the surface, she has followed through. The SEC filed 686 enforcement actions in its 2013 fiscal year. In its 2014 fiscal year, White bragged that the number soared to 755, “the highest number of cases in the history of this commission”. Moreover, she has noted that the agency levied a whopping $4.1bn in penalties as part of those actions.

It all sounds great. But is it?

Securities lawyers – understandably enough – haven’t been big fans of the SEC’s saber-rattling, perhaps because it’s giving their clients a tough time, often for issues that they consider minor.

For full access to the article, please click here.

By : Securex /October 07, 2015 /Compliance /0 Comment Read More

Supreme Court Denies Request to Hear Insider Trading Case

Publisher: The NY Times
Authors: Matthew Goldstein and Adam Liptak

The Supreme Court on Monday refused to review an appeals court decision that made it harder to prosecute insider trading and threatens to undermine a number of convictions.

As is their custom, the justices gave no reasons for turning down the case. The decision dealt a blow to Preet Bharara, the United States attorney in Manhattan, whose office oversaw a sweeping crackdown on insider trading in the $3 trillion hedge fund industry.

The high court’s decision not to hear the case is a final vindication for Todd Newman and Anthony Chiasson, two former hedge fund managers who were prosecuted by Mr. Bharara’s office and convicted in December 2012. The Justice Department was seeking review of an appellate decision last year that overturned their insider trading convictions.

The court’s decision could also jeopardize a number of other insider trading convictions secured by Mr. Bharara’s office, including one against Michael Steinberg, a former trader who worked for Steven A. Cohen, the billionaire investor.

For full access to the article, please click here.

By : Securex /October 07, 2015 /Compliance /0 Comment Read More

SEC touts inflated numbers to look way tougher than it is

Publisher: The Intercept
Author: David Dayen

Faced with unrelenting criticism from financial reform groups for failing to enforce the securities laws, SEC Chair Mary Jo White has defended herself with numbers.

Regarding the SEC enforcement numbers, the Securities and Exchange Commission recorded 755 different enforcement actions yielding $4.1 billion in monetary penalties in 2014, she boasted in a speech this February — “the highest number of cases in the history of the Commission.”

But the numbers she cited were “deeply flawed,” according to a study that will soon be published in the Cornell Law Review. The commission’s methodology allows for double – and even triple-counting some offenders — along with counting fines ordered by other agencies, and penalties that are never collected.

If you weed out the systematic over-counting and artificial boosts, the SEC’s enforcement numbers have not significantly changed since 2002, despite the multitude of lawbreaking that led to the 2008 financial crisis, according to the study.

For full access to the article, please click here.

By : Securex /October 01, 2015 /Compliance /0 Comment Read More

Democrats are fed up with the SEC’s weak financial crimefighting

Publisher: New Republic
Author: David Dayen

The progressive movement has declared war on the Securities and Exchange Commission (SEC) and its chair, Mary Jo White.

An uncoordinated yet scathing series of reports, letters and appeals have honed in on the New Deal-era regulatory body. And the fight is really about the agency’s long-term direction, as vacancies on the commission open up: Will it maintain the same industry-friendly posture of light-touch regulatory enforcement and ineffective rulemaking, or can a shift be made? Given the growing importance of the SEC, reformers are using whatever leverage they have to influence the outcome.

You might believe Senator Elizabeth Warren’s 13-page letter to White, expressing personal disappointment with her financial crimefighting, kicked off this uproar. But separately, a growing discontent with the SEC has emerged within the financial reform community, and even within the agency itself. Former officials have called the SEC dysfunctional and even warned colleagues from joining up.

For full access to the article, please click here.

By : Securex /October 01, 2015 /Compliance /0 Comment Read More

Rarely enforced SEC rules do little to fight earnings manipulation

Publisher: Marketwatch
Author: Francine McKenna

In 2013, after the “London Whale” trading disaster that cost J.P. Morgan Chase more than $6 billion, the bank halved Chief Executive James Dimon’s 2012 compensation, eliminating his cash bonus and saying he bore “ultimate responsibility” for the losses and the internal problems that led to them.

The highly publicized losses might have been a perfect opportunity for the Securities and Exchange Commission to invoke rules, meant to discourage executives from earnings manipulation, that would require Dimon and then-CFO Douglas Braunstein to return the bonuses they were paid as the losses grew.

But while JPM did cut their pay, the SEC never demanded that the company follow federal “clawback” regulations, which would have required it to determine the repayment amount using a precise calculation and then report details of that process to investors. Neither the company nor the SEC ever publicly explained why not.

In fact, a new analysis finds, the enforcement of those rules—meant to reclaim compensation paid executives whose companies restated financial results as a result of misconduct—has been virtually nonexistent since they were adopted in 2002.

For full access to the article, please click here.

By : Securex /September 28, 2015 /Compliance /0 Comment Read More

Law firm removes references to SEC chief’s husband’s ties to audit regulator

Publisher: Marketwatch
Author: Francine McKenna

A move by the law firm Cravath, Swaine & Moore to excise references to uncommonly close regulatory ties follows a Bloomberg story that pointed to an ongoing conflict between John White’s service to the group while his wife, Securities and Exchange Commission Chairwoman Mary Jo White, has oversight responsibility for the Public Company Accounting Oversight Board, the audit regulator.

A spokesperson for Cravath did not respond immediately to a request for comment.

The conflict has existed since April 2013, when Mary Jo White became head of the agency. John White has served on the PCAOB advisory committee continuously since he was at the SEC between 2006 and 2008.

He did resign as an equity partner at Cravath when his wife took the chairwoman’s job, since Cravath is a top white-collar and corporate defense firm that represents clients at the SEC frequently. Mary Jo White has recused herself from weighing in or voting on SEC cases when her husband’s firm is involved. The issue has been receiving new attention since Mary Jo White told reporters last Wednesday at a meeting of the Investor Advisory Group, according to a Wall Street Journal report, that the SEC is “identifying interested and qualified candidates” to chair the PCAOB. The current chairman, James Doty, whose term expires in October, has said he’d like to stay in the job.

For full access to the article, please click here.

By : Securex /September 25, 2015 /Compliance /0 Comment Read More

Reg. A Roundup

Publisher: Morrison Foerster
Author: Anna Pinedo

This week marks the three-month anniversary of the effective date of Regulation A.

Of course, given this limited experience, it may be premature to comment on market developments. Instead, below we summarize significant Reg. A developments.

Small Entity Compliance Guide

Immediately prior to the effective date, the Securities and Exchange Commission published this Small Entity Compliance Guide.  The guide provides a helpful overview of the regulation, the disclosure requirements and the subsequent reporting requirements.

Compliance and Disclosure Interps

Shortly following the effective date, the Staff of the Commission provided guidance on various aspects of the application of the regulation in the form of Compliance and Disclosure Interpretations, which are accessible here.

Investor Bulletin

In July, the Commission’s Office of Investor Education and Advocacy issued an Investor Bulletin that highlights the differences from an investor’s perspective between a Tier 1 and a Tier 2 offering, including the disclosure and ongoing reporting requirements and the investment limitation for Tier 2 offerings.

For full access to the roundup, please click here.

By : Securex /September 25, 2015 /Compliance /0 Comment Read More