Thursday September 26 2024

News Source: Global Disclosures

Focus: Shareholder Disclosure Sanctions

Type: General

Country: US




On September 25th, 2024, The Securities and Exchange Commission announced settled charges against 23 entities and individuals for failures to timely report information about their holdings

This includes major banks and asset management forms like,

  • Sunbeam Management, LLC – $40,000;
  • TALANTA Investment Group, LLC – $45,000;
  • Grays Peak Ventures LLC – $65,000;
  • Stilwell Value LLC – $75,000;
  • BSC, LP – $75,000;
  • Bain Capital Credit Member, LLC – $130,000;
  • FIG LLC, which conducts business under the name Fortress Investment Group – $200,000;
  • Adage Capital Management, L.P. – $200,000;
  • Essex Woodlands Management, Inc. – $225,000;
  • The Goldman Sachs Group, Inc. – $300,000;
  • Oaktree Capital Management, L.P. – $375,000;
  • The Bank of Nova Scotia – $375,000; and
  • Alphabet Inc. – $750,000.

Alphabet was also charged with failing to timely file Forms 13F, reports institutional money managers are required to file regarding certain sizeable securities holdings.

and transactions in public company stocks.