Chinese companies seeking to retain a new accounting firm based in the United States so as to not be delisted from U.S. securities exchanges must remain mindful of their compliance regulatory obligations, the Securities and Exchange Commission’s acting chief accountant warned in a recent statement. According to SEC data, more Read More
Irish regulators have fined social networking platform Instagram 405 million euros (US$404 million) for failing to protect children’s personal data in violation of the EU’s General Data Protection Regulation (GDPR). As the Lead Supervisory Authority for Meta/Instagram, Ireland’s Data Protection Commission (DPC) began an investigation into Instagram in September 2020 Read More
A division of the U.S. Department of Labor has ordered Wells Fargo to pay $22 million to a former senior manager in its commercial banking segment after finding he was wrongfully terminated in violation of the Sarbanes-Oxley Act’s whistleblower protection provisions. After being terminated in 2019, the senior manager, who Read More
The Securities and Exchange Commission has charged two insurance executives and their Malta-based registered investment adviser, Standard Advisory Services Limited, for defrauding clients out of more than $75 million through undisclosed transactions that benefited themselves and their companies. In a statement, Osman Nawaz, Chief of the Division of Enforcement’s Complex Read More
