Regulation
Citibank to Pay $38.8 Million for Improper Handling of ADRs
SEC alleges bank profited from ‘industry-wide fraud.’
Tag: SEC
SEC Bags Almost $4 Billion in Fines for Fiscal 2018
Most disgorgement payments came from the Petróleo Brasileiro SA case.
SEC Settles with ‘Frack Master’ over Securities Fraud Charges
Christopher Faulkner is ordered to pay more than $25 million in disgorgement and fines.
SEC Stops Microcap Fraud Scheme
More than a dozen international regulators helped unravel conspiracy.
SEC Charges LendingClub with Misleading Investors
Firm fined $4 million as former president accepts three-year ban from securities industry.
Newsmakers
Tesla Comes Out on Top Despite SEC Suit, Musk’s Board Resignation
The SEC Twitter scandal looked like a nail in Tesla’s coffin, but a swift settlement surged shares and will see the automaker remain CEO at the expense of his chairman gig and a $40 million payment.
SEC Fines Voya $1 Million for Cybersecurity Breach
By impersonating contractors for the firm, intruders gained access to personal information of 5,600 customers.
SEC Charges KBR with Inflating Performance Metric
Firm agrees to pay $2.5 million fine to settle with regulator.
SEC Charges Firm for Failing to Supervise Rogue Brokers
Alexander Capital to pay more than $400,000 in fines for brokers who ‘churned’ accounts.
SEC Charges Merrill Lynch for Failure to Supervise RMBS Traders
Firm ordered to pay nearly $16 million for ‘deceiving’ customers.
Corporate Moves
SEC Names Caryn Kauffman as Chief Financial Officer
She has been climbing the agency’s ladder since 2013.
SEC Fines DeVere $8 Million over Conflicts of Interest
Regulator alleges investment firm defrauded hundreds of clients.
Ontario Teachers, CalPERS-Led Team Backs SEC Study of Stock Trading Fees
Plan targets stock exchange practice that asset managers say leads to higher prices for investors like them.
SEC Charges Alternative Investment Firm with Fraud
Brent Borland is accused of stealing nearly $6 million to fund ‘lavish lifestyle.’
Newsmakers
RI Treasurer Files Letter with SEC over Rejected Student Debt Proposal
Borrower Navient refused to have shareholders vote on student loan governance policies.