The Securities Exchange Commission (SEC) has announced that it has fined 23 entities and individuals more than $3.80 million for failing to promptly report information on their holdings and transactions in public company stocks. The charges relate to the failure to file Form 13D, 13G, and 3, 4, and 5 as required.
Among those hit were Alphabet ($750,000) and Goldman Sachs ($300,000). Others, such as Sunbeam Management and TALANTA Investment Group, were hit with fines ranging from $40,000 to $200,000. Some executives were also fined up to $200,000 for failing to report.
The SEC has emphasised that investors rely on timely reports to make informed investment decisions, again reminding large investors to file required reports on time.
The SEC fined 23 companies and individuals more than $3.80 million for failing to report their holdings and insider trading
2024-09-25 21:18:28
United States securities and exchange commission sec announced 23 entities due to failuredesk3cryptocurrencydesktopCrypto News
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