The Securities and Exchange Commission has settled charges against CBRE Inc., a Dallas-based commercial real estate firm, for using an employee release that violated the SEC’s whistleblower protection rule. CBRE agreed to pay a civil penalty of $375,000 as part of the settlement. According to the SEC’s order, between 2011 Read More
View, a California-based maker of “smart” windows for office buildings, has settled charges with the Securities and Exchange Commission for failing to disclose $28 million in projected warranty-related liabilities to address a particular defect in its windows, the SEC announced. The regulatory agency said it decided not to impose any Read More
The Securities and Exchange Commission has issued its largest-ever award, a staggering $279 million, to a whistleblower whose information and assistance led to the successful enforcement of SEC and related actions, the regulatory agency said Friday in a statement. This is the highest award in the SEC’s whistleblower program’s history, 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
Manufacturing company Gentex agreed to a cease-and-desist order and to pay a $4 million civil penalty in a settlement with the Securities and Exchange Commission resulting from deficiencies in Gentex’s accounting for its executive and employee bonus compensation programs, the SEC announced. Charges were also brought against Gentex Chief Financial 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
The Department of Justice, Securities and Exchange Commission, and Ericsson jointly agreed to extend the term of the telecommunication company’s compliance monitorship for one year, as Ericsson faces another round of investigations for corruption allegations it never reported. In December 2019, Ericsson was ordered to pay more than $1 billion Read More
Sam Bankman-Fried, the former chief executive and founder of cryptocurrency trading platform FTX Trading, was hit with a wave of civil and criminal enforcement charges brought by numerous agencies this week for orchestrating a scheme that some are calling a simple, but massive case of embezzlement. On Dec. 11, Bankman-Fried Read More
SolarWinds disclosed in a press release accompanying a recent regulatory filing that the Securities and Exchange Commission has issued it a “Wells Notice” concerning an investigation into SolarWind’s previously disclosed cyberattack on the company’s Orion Software Platform and internal systems. “The Wells Notice states that the SEC staff has made 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
