Regulatory News

The Securities and Exchange Commission today charged a pair of penny stock promoters in Canada with manipulating two microcap stocks to create the false appearance of market interest.

The Securities and Exchange Commission today announced that Andrew J. “Buddy” Donohue has been named the agency’s chief of staff.  Mr. Donohue will replace Lona Nallengara who will leave the agency in June.

As chief of staff, Mr. Donohue will be a senior adviser to the Chair on all policy, management, and regulatory issues.