DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Andrew Kelly - 1 YieldStreet - 1 Osman Nawaz - 1 Chris Prentice - 1 Jonathan Oatis - 1 Paul Simao - 1
Top related locs:
Washington , New York
Top related orgs:
U.S . Securities - 1 Exchange Commission - 1 SEC - 1 Washington , D.C - 1 REUTERS - 1 Yieldstreet Inc - 1 U.S - 1 Securities - 1

Search resuls for: "Osman Nawaz"


3 mentions found


☆ YieldStreet to pay US penalty over investor disclosure failures
  + stars: | 2023-09-12 | by ( Us Appeals Judge Faults Probe Of Federal Circuit'S Pauline Newman | Andrew Goudsward | August | ) www.reuters.com   time to read: +1 min
Signage is seen at the headquarters of the U.S. Securities and Exchange Commission (SEC) in Washington, D.C., U.S., May 12, 2021. YieldStreet, a New York investment firm that offers alternative assets to investors, failed to disclose a heightened risk related to the collateral behind one of its securities offerings, the SEC said in a statement. In September 2019, YieldStreet offered securities to finance a loan it made to companies to transport and deconstruct a retired ship. It did not tell investors of a heightened risk that they would not be able to seize the ship if the borrowers stole the funds and defaulted, as they ultimately did. Reporting by Chris Prentice; editing by Jonathan Oatis and Paul SimaoOur Standards: The Thomson Reuters Trust Principles.
Persons: Andrew Kelly, YieldStreet, Osman Nawaz, Chris Prentice, Jonathan Oatis, Paul Simao Organizations: U.S . Securities, Exchange Commission, SEC, Washington , D.C, REUTERS, Yieldstreet Inc, U.S, Securities, YieldStreet, Thomson Locations: Washington ,, New York
☆ Bloomberg to pay $5 mln to settle SEC charges related to fixed-income valuations
  + stars: | 2023-01-23 | by ( Chris Prentice | ) www.reuters.com   time to read: +1 min
Bloomberg failed to disclose to customers of its BVAL service that its daily price valuations for fixed-income securities could be based on a single data input from at least 2016 to October 2022, the SEC said in a statement. Bloomberg did not admit or deny the SEC's charges and a spokesperson for the company declined to comment. While it found no evidence Bloomberg listed any erroneous prices, the agency said there were instances when its valuations were not derived in accordance with its stated methodologies. For a "very small fraction of total reported valuations", Bloomberg determined prices of certain fixed income securities based on "uncorroborated single broker quotes", the SEC's order said. The SEC "will hold service providers, such as Bloomberg, accountable for misrepresentations that impact investors," said Osman Nawaz, chief of the SEC enforcement division's complex financial products unit.
☆ SEC fines Bloomberg $5 million for disclosure violations on fixed-income prices
  + stars: | 2023-01-23 | by ( Chelsey Cox | ) www.cnbc.com   time to read: +2 min
The Securities and Exchange Commission fined Bloomberg Finance LP $5 million to settle civil charges accusing the company of misleading customers on how it calculated the prices of certain securities, the agency said Monday. The action could have affected the price at which securities are offered or traded on the platform, the SEC said. Former New York mayor and one-time presidential candidate Mike Bloomberg owns parent company Bloomberg LP, a data and media company. The SEC said Bloomberg's customers, including mutual fund companies, used its prices to calculate valuations of their own holdings. The disclosure issue affected the prices of some government bonds, agency securities, corporate bonds, municipal bonds as well as securitized products, the SEC said.
0 next >>
Total: 3