The Financial Industry Regulatory Authority (FINRA) recently announced that it has fined Goldman Sachs for not properly monitoring trades ranging from 2009 to 2023. The banking giant has agreed to pay around $500,000 in order to settle these claims, but did not admit or deny any of FINRA’s findings. According Read More
Shipping and logistics company Roadrunner has settled charges brought by the Securities and Exchange Commission resulting from its engagement in a multi-year accounting fraud scheme. According to the SEC’s Feb. 14 cease-and-desist order, from at least July 2013 through January 2017, Roadrunner manipulated its financial reports to hit prior earnings guidance Read More
Bloomberg Finance, a subsidiary of media company Bloomberg, agreed to cease and desist from future violations and to pay a $5 million penalty in a Jan. 23 settlement with the Securities and Exchange Commission concerning misleading disclosures relating to its paid subscription service, BVAL, the SEC announced. BVAL provides daily Read More
Leidos, a U.S. engineering company, disclosed in its latest quarterly filing that it has received two federal grand jury subpoenas in connection with two separate criminal investigations relating to potential violations of the Foreign Corrupt Practices Act and antitrust laws. In a Nov. 1 quarterly filing, Leidos cryptically said “through Read More
Danske Bank said in a recent financial report it expects to pay a total of 15.5 billion Danish kroner (U.S. $2.1 billion) to U.S. and Danish enforcement authorities to settle allegations that for years it allowed more than $200 billion in dirty money to be laundered through its former Estonia Read More
The Securities and Exchange Commission finalized its long-awaited so-called “clawback rule” on Wednesday, which would require public companies to recover “erroneously awarded incentive-based compensation” on a wide range of executive officers following a restatement due to misconduct. The SEC had reopened its comment period in June concerning the proposed clawback Read More
The Securities and Exchange Commission announced that it has reopened the public comment periods for 11 rulemaking releases and one request for comment due to a technological error resulting in numerous public comments submitted through the agency’s online comment form not being received. The SEC advised that all those who Read More
Sigma, a privately owned brokerage firm, has agreed to pay 531,000 pounds ($592,000) in a settlement with the U.K. Financial Conduct Authority (FCA) resulting from a failure to report certain required transactions. According to the FCA’s Oct. 6 final notice, many of Sigma’s failings resulted from inadequate governance and oversight Read More
The Financial Regulatory Authority on Oct. 4 fined UBS $2.5 million for Regulation SHO (Reg SHO) violations and supervisory failures that spanned nine years, FINRA said. In settling this matter, UBS consented to the entry of FINRA’s findings without admitting or denying the charges. In addition to the censure and Read More
Barclays has reached a $361 million settlement with the Securities and Exchange Commission to resolve charges that it offered and sold an “unprecedented” amount of unregistered securities due to an internal-control failure, the SEC said. On Sept. 29, the SEC ordered Barclays and Barclays Bank to pay a $200 million Read More
