The Evidence Record

The Evidence Record

• SEC Litigation Release No. 25261

  Government Record · 2021

  U.S. Securities and Exchange Commission

  The release describes the Burr/Fauth investigation and more than $1.6 million in stock sold on February 13, 2020. It expressly makes no violation finding.

• SEC v. Citigroup Global Markets (2d Cir. 2014)

  Court Filing · 2014

  U.S. Court of Appeals for the Second Circuit

  Federal appeals court, June 2014: overturned Judge Jed Rakoff's 2011 refusal to approve an SEC settlement in which Citigroup admitted nothing. Judges cannot demand admissions before…

• SEC: About the SEC, Mission

  Government Record

  U.S. Securities and Exchange Commission

  SEC's own statement of its mission: protecting investors, keeping markets fair and efficient, and helping companies raise capital. The SEC is a markets and disclosure regulator.…

• SEC: Enforcement Director Robert Khuzami to Leave Agency (2013)

  Government Record · 2013

  U.S. Securities and Exchange Commission

  SEC, January 2013: announced that enforcement director Robert Khuzami was leaving after about four years.

• SEC: Historical Summary of Chairmen and Commissioners

  Government Record

  U.S. Securities and Exchange Commission

  SEC's own roster of its leaders: Joseph P. Kennedy was the first chairman (1934 to 1935), Mary Jo White chaired 2013 to 2017, and Paul S.…

• SEC: Policy Change on Settlements (2012)

  Government Record · 2012

  U.S. Securities and Exchange Commission (Khuzami, R.)

  SEC, January 2012: defendants who were criminally convicted or admitted wrongdoing in a criminal deal could no longer settle with the SEC while denying the same…

• SEC: Rescission of the ‘Gag Rule’ on Settlement Denials (2026)

  Government Record · 2026

  U.S. Securities and Exchange Commission (Countryman, V., Secretary)

  SEC, May 2026: repealed Rule 202.5(e), the 1972 policy that let the SEC settle only if the defendant agreed never to publicly deny the charges. The…

• SEC: Rule 10b-18 Safe Harbor for Stock Buybacks, FAQ

  Government Record · 2017

  SEC Division of Trading and Markets staff

  SEC staff guidance: Rule 10b-18 (1982) is a voluntary "safe harbor" for companies buying back their own stock. Buybacks were not illegal before it.

• Secretary Yellen’s Statement on the Confirmation of Wally Adeyemo as Deputy Secretary of the Treasury

  Government Record · 2021

  U.S. Department of the Treasury

  Officially verifies Adeyemo’s Deputy Treasury Secretary confirmation and date. It does not document the claimed prior BlackRock employment or his OGE disclosure.

• Securities Exchange Act of 1934, Section 4: Creating the SEC

  Government Record · 1934

  73rd U.S. Congress

  Congress, June 1934: Section 4 of the Securities Exchange Act created the Securities and Exchange Commission, a five-member commission appointed by the President with Senate confirmation.

• Semiannual Monetary Policy Report to the Congress, Testimony of Chair Jerome H. Powell (June 30, 2020)

  Government Record · 2020

  Jerome H. Powell, Federal Reserve Board

  Fed Chair Powell's June 2020 testimony: the two corporate credit facilities could support up to $750 billion, backed by $75 billion of Treasury equity, and outflows…

• Sen. Rick Scott: Bill to Permanently Ban Members of Congress from Lobbying (2026)

  Government Record · 2026

  Office of Sen. Rick Scott (rickscott.senate.gov)

  Sen. Rick Scott, with Sen. Elizabeth Warren, May 2026: introduced a bill to permanently ban former members of Congress from lobbying, with prison time for willful…

• Senate Judiciary Hearing: That’s the Ticket (Live Nation, 2023)

  Government Record · 2023

  U.S. Senate Committee on the Judiciary

  Senate Judiciary Committee hearing, January 24, 2023, after the Eras Tour ticket meltdown, with Live Nation president Joe Berchtold as a witness.

• Senate Permanent Subcommittee on Investigations: Repatriating Offshore Funds (2011)

  Government Record · 2011

  Senate Permanent Subcommittee on Investigations, Majority Staff

  Senate investigators, 2011: the 15 companies that brought home the most money under the 2004 tax holiday, over $150 billion, then cut 20,931 U.S. jobs, and…

• Settlement Agreement with Members of the Sackler Family

  Court Filing · 2020

  U.S. Department of Justice and named Sackler family members

  The civil settlement required $225 million and expressly preserved criminal liability. It was not an admission of liability.

• Shared Spaces: San Francisco Small Business Commission Webinar (Reopening Timeline)

  Government Record · 2021

  City and County of San Francisco

  The City timeline places outdoor personal-services authorization on September 7, 2020, after Pelosi’s August 31 visit. It also identifies August 31 as the start of California’s…

• SIFMA: Robert Khuzami Speaker Biography

  Document

  SIFMA (Securities Industry and Financial Markets Association)

  SIFMA, the securities industry's trade group: lists Khuzami's career as SEC enforcement director (2009 to 2013), Kirkland & Ellis partner (2013 to 2018), Deputy U.S. Attorney…

• SIGTARP Semiannual Report to Congress, October 1, 2019 to March 31, 2020

  Government Record · 2020

  Special Inspector General for the Troubled Asset Relief Program

  SIGTARP's semiannual report restates its 2015 finding that lenders denied 70 to 80 percent of HAMP applicants, about four million people, and documents housing-program spending. It…

• Skilling v. United States, 561 U.S. 358

  Court Filing · 2010

  Supreme Court of the United States

  Skilling preserved §1346 by confining it to bribery and kickbacks. It did not legalize those crimes.

• SMCCF Investment Management Agreement (BlackRock)

  Government Record · 2020

  Federal Reserve Bank of New York and BlackRock Financial Markets Advisory

  The 2020 agreement naming BlackRock investment manager for the Secondary Market Corporate Credit Facility. BlackRock may not charge fees on the facility's ETF holdings, including its…

• SMCCF Transaction-specific Disclosures, January 11, 2021

  Government Record · 2021

  Board of Governors of the Federal Reserve System

  The Federal Reserve's year-end disclosure for the corporate bond facility. ETF holdings were worth about $8.78 billion, and eight iShares funds (HYG, IGIB, IGSB, LQD, SHYG,…

• SMCCF Transaction-specific Disclosures, May 29, 2020

  Government Record · 2020

  Board of Governors of the Federal Reserve System

  The Federal Reserve's first trade-by-trade disclosure for the corporate bond facility: 158 ETF trades from May 12 to 18, 2020, totaling about $1.58 billion. BlackRock-sponsored ETFs…

• Snyder v. United States, 603 U.S. 1 (2024)

  Court Filing · 2024

  Supreme Court of the United States

  The Court held that 18 U.S.C. §666 criminalizes bribes but not gratuities for past acts. It reversed the Seventh Circuit’s 2023 affirmance of the bribery conviction…

• Sony Group: Form 20-F, Fiscal Year Ended March 2026

  Corporate Filing · 2026

  Sony Group Corporation

  Sony Group's 2026 annual filing: Sony Music in the U.S. and Japan, and Sony Music Publishing, are 100 percent owned by Sony Group.