The Securities and Exchange Commission has announced that it has reached a settlement with the specialty retailer Tandy Leather Factory Inc. and its former chief executive officer Shannon Greene, over charges of accounting, reporting, and control failures that led to a multi-year restatement of company financial statements. Tandy’s inventory tracking Read More
Cryptocurrency operator Circle Internet Financial Ltd. said it has set aside more than $10 million to settle a case brought by the U.S. Securities and Exchange Commission against Poloniex LLC, its discontinued crypto exchange business, according to a regulatory filing. Boston-based Circle, which announced earlier this month that it will Read More
In just over two weeks as chair of the Federal Trade Commission, Lina Khan already appears to be making significant changes at the agency. As one of her first acts, Khan called for a FTC meeting on July 1 to consider and vote on several important changes to agency rules Read More
The Securities and Exchange Commission announced charges against the acquisition corporation Stable Road Acquisition Company, its sponsor SRC-NI, and the SPAC’s proposed merger target Momentus Inc. for what it calls “misleading claims” about Momentus’s technology, as well as national security risks associated with Momentus’s founder and former CEO Mikhail Kokorich. Read More
The New York City Bar Association proposed a new framework it hopes will influence decisions by regulators to charge chief compliance officers in certain criminal and civil cases. The move is an attempt to quell growing concerns from enforcement actions that hold financial sector CCOs individually liable for the actions Read More
