• On June 3, 2014, the SEC awarded two whistleblowers $875,000 for aiding an SEC investigation.
  • On May 29, 2014, the SEC named Stephanie Avakian as Deputy Director of Enforcement. Before accepting this post, Ms. Avakian was a partner in a large New York law firm where she was vice chair of the firm’s securities practice. Ms. Avakian was previously a branch chief in the Division of Enforcement’s New York regional office.
  • On May 15, 2014, the SEC announced that Chief Accountant Paul Beswick would be leaving the agency. Mr. Beswick has agreed to serve in a transitional capacity until his successor is identified.
  • On May 2, 2014, the SEC announced that Chief Economist and Division of Economic and Risk Analysis Director Craig Lewis would be leaving the agency. Dr. Lewis will be returning to his position as the Madison S. Wigginton Professor of Finance at Vanderbilt University’s Owen Graduate School of Management.
  • On April 27, 2014, the SEC proposed new rules covering recordkeeping, reporting and notification requirements for security-based swap dealers and major securitybased swap participants. The rules would also establish additional recordkeeping requirements for broker-dealers to account for their security-based swap activities. The proposing release can be accessed here.
  • On April 3, 2014, the SEC reopened the period for public comment on proposed rule amendments related to marketing materials for target date retirement funds. The request for additional comments can be accessed here.