Day: August 22, 2024

SEC Cyber Reporting

Equiniti Trust Penalized by SEC for Failing to Protect Client Assets from Cyber Theft

On By CC360 Staff

The Securities and Exchange Commission announced that it settled charges against New York-based registered transfer agent Equiniti Trust Company LLC, , for failing to assure that client securities and funds were protected against theft or misuse. Those failures led to the loss of more than $6.6 million of client funds Read More

Humana logo

Humana Settles $90 Million False Claims Act Lawsuit Over Medicare Drug Plan

On By Jacob Horowitz

After an 8-yearlong battle, the insurance giant Humana agreed to pay $90 million to settle claims that it violated the False Claims Act when it submitted fraudulent bids for Medicare prescription drugs contracts. The allegations claim that by misrepresenting the value of its Part D drug plan, also known as Read More