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
Mattel has agreed to a cease-and-desist order and will pay a $3.5 million civil penalty to settle charges brought by the Securities and Exchange Commission relating to misstatements the U.S. multinational toy company made in its third and fourth quarter 2017 financial statements. The SEC separately has initiated litigation against 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
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
The Securities and Exchange Commission and Commodity Futures Trading Commission (CFTC) have fined a group of Wall Street banks more than $1.8 billion in combined penalties for recordkeeping failures related to the unapproved use of electronic communications, the regulators announced. In the SEC case, charges were brought against 15 broker-dealers Read More
Oracle will pay $23 million to settle charges brought by the Securities and Exchange Commission resulting from violations of the Foreign Corrupt Practices Act (FCPA), the SEC announced. It is the second time Oracle has settled charges of FCPA violations. According to the SEC order, from at least 2014 through Read More
The Boeing Co. has consented to a cease-and-desist order, and agreed to pay a $200 million penalty, to resolve charges brought by the U.S. Securities and Exchange Commission that the aerospace company made materially misleading public statements in the wake of two fatal crashes of its 737 MAX airplanes. Boeing’s Read More
Morgan Stanley Smith Barney (MSSB), a wholly owned subsidiary of Morgan Stanley, has agreed to pay a $35 million civil penalty to settle charges by the Securities and Exchange Commission for repeatedly failing to safeguard their customers’ personally identifiable information (PII), in which 15 million customers were impacted. According to Read More
GOL Linhas Aéreas Inteligentes (GOL), Brazil’s second largest airline, must pay $41.5 million to resolve parallel bribery investigations by criminal and civil authorities in the United States and Brazil resulting from violations of the Foreign Corrupt Practices Act. GOL also entered a three-year deferred prosecution agreement (DPA) with the Department of Justice Read More
