Securities Exchange Act of 1934 Release No. 102102 – January 3, 2025 Update
On August 25, 2022, the Securities and Exchange Commission (SEC) took action against Matthew J. Skinner by initiating an administrative proceeding under Section 15(b). This move by the SEC is part of their efforts to regulate and oversee the activities of individuals and entities involved in the securities industry.
The SEC’s decision to institute this proceeding against Skinner signifies a serious step taken by the regulatory body. It indicates that there are concerns or potential violations that have come to light regarding Skinner’s activities in the securities industry.
Under Section 15(b) of the Securities Exchange Act of 1934, individuals and firms involved in the securities industry are required to register with the SEC and comply with various regulations and standards. Failure to adhere to these regulations can result in disciplinary actions, such as administrative proceedings initiated by the SEC.
It’s important to note that administrative proceedings initiated by the SEC are separate from any criminal charges or civil lawsuits that may be brought against individuals or entities. These proceedings are conducted by the SEC itself and can result in penalties, sanctions, or other disciplinary actions.
As the situation unfolds, it will be crucial to monitor updates from the SEC regarding the administrative proceeding against Matthew J. Skinner. This case serves as a reminder of the importance of regulatory oversight in the securities industry and the consequences that can arise from failing to comply with relevant laws and regulations.
