On September 17, the SEC announced
charges against 11 institutional investment managers for failing to file the required Forms 13F, which were mandated for entities with discretion over more than $100 million in securities. Additionally, two entities were charged with failing to file Forms 13H, which was required for large traders of exchange-listed securities. The 11 firms agreed to settle the charges, with nine firms collectively paying over $3.4 million in civil money penalties. Two firms did not receive a financial penalty because they self-reported their violations and cooperated with the SEC, and a third firm was not penalized for its failure to file Forms 13H for the same reasons.
