Diversified Financial Services
Company Overview of U.S. Securities and Exchange Commission
U.S. Securities and Exchange Commission operates and oversees the securities markets of the United States. The company provides brokers, investment advisers, and ratings agencies inspection; financial integrity program; investment company and investment adviser filings review; and economic, financial, and legal analysis report services. Additionally, it issues, amends, and enforces federal securities laws. The company also offers regulation services focusing on securities, accounting, and auditing regulation of the private regulatory organization. Additionally, the company provides investor educational information services. U.S. Securities and Exchange Commission was founded in 1934 and is b...
100 F Street, NE
Washington, DC 20549
Founded in 1934
Key Executives for U.S. Securities and Exchange Commission
Chief Compliance & Ethics Officer
Compensation as of Fiscal Year 2014.
U.S. Securities and Exchange Commission Key Developments
Norm Champ to Leave the Securities and Exchange Commission as Director of the Division of Investment Management
Jan 21 15
The Securities and Exchange Commission announced that Norm Champ, Director of the Division of Investment Management, will leave the agency later this month after five years serving in senior leadership positions. Mr. Champ played a key role in the SECs completion of landmark reforms in 2014 to strengthen the $3 trillion money market fund industry.
Securities and Exchange Commission Announces Fraud Charges and an Asset Freeze Against Fort Lauderdale, Elm Tree Investment Advisors LLC, Elm Tree Investment Fund LP, Elm Tree eConomy Fund LP, and Elm Tree Motion Opportunity LP
Jan 21 15
The Securities and Exchange Commission announced fraud charges and an asset freeze against a Fort Lauderdale, Florida-based investment advisory firm, its manager, and three related funds in a scheme that raised more than $17 million since November 2013. The SECs complaint filed in federal court in the Southern District of Florida last week charged Elm Tree Investment Advisors LLC, its founder and manager, Frederic Elm, and Elm Tree Investment Fund LP, Elm Tree eConomy Fund LP, and Elm Tree Motion Opportunity LP. According to the complaint, Elm, formerly known as Frederic Elmaleh, his unregistered investment advisory firm, and the three funds misled investors and used most of the money raised to make Ponzi-like payments to the investors. The complaint alleges that Elm treated the funds as his personal piggy bank, tapping them to buy a $1.75 million home, luxury automobiles, and jewelry, and to cover daily living expenses. Elms wife, Amanda Elm, formerly Elmaleh, is named as a relief defendant based on her receipt of investor monies. The SEC's complaint charges Elm, his advisory firm and the Elm Tree funds with violating anti-fraud provisions of federal securities laws and SEC anti-fraud rules. The SEC is seeking relief for investors, including return of allegedly ill-gotten gains, with interest, and financial penalties. The Honorable William Dimitrouleas on Friday granted the SECs request for a temporary restraining order and temporary asset freeze against Elm, his firm, and the three Elm Tree funds. The judge ordered a temporary asset freeze against Amanda Elm and required her and the other defendants to provide accountings. Judge Dimitrouleas also entered an order appointing Grisel Alonso as receiver for Elm Tree Investment Advisors and the Elm Tree funds. A court hearing has been scheduled for January 29.
The Securities and Exchange Commission Announces Executive Changes at Atlanta Office
Jan 8 15
The Securities and Exchange Commission tapped Paul Hastings Partner Walter E. Jospin as the new regional director of the Atlanta office. Jospin succeeds Rhea Kemble Dignam, who accepted a position as the Office of Compliance Inspections and Examinations National Exam Program's senior counsel. Liban Jama, who was previously announced to succeed Dignam, will not be taking the position for personal reasons. Jospin comes to the SEC from the Atlanta office of the law firm Paul Hastings LLP, where his practice focused on securities enforcement, internal investigations, corporate transactions and corporate governance. He worked in the SEC Enforcement Division from 1980 to 1983 in the Atlanta office, where he handled investigations and litigations involving accounting and financial fraud, disclosure violations, insider trading, and other areas. Jospin takes his new post in February, overseeing enforcement and examinations in he SEC's five state region.
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