(including reasonable attorneys’ fees and expenses incurred in connection with the investigation or defense of any of the same or in responding to or cooperating with any governmental investigation), interest, awards, judgments, Taxes, fines and penalties (collectively, “Losses”) suffered or ...
SEC fines Wells Fargo, Merrill Lynch $60 million over cash sweep violations Posted Date: Tuesday, January 21, 2025 The Securities and Exchange Commission levied $60 million in civil penalties against Wells Fargo and Merrill Lynch for alleged failures related to their cash sweep programs. Specifica...
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The two parties were ordered to submit a “proposed case management plan” by April 19, according to the court documents. Related:SEC will ask for $2B in fines and penalties — Ripple chief legal officer
(1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the...
Our failure or inability to comply with the subpoenas, orders or requests could subject us to fines, penalties or other legal liability, which could have a material adverse effect on our reputation, business, results of operations and the trading price of our Class A ordinary shares and/or ...
Different regulations and laws will slap organizations with fines and penalties for data breaches. This is because the organization did not take the privacy of their data seriously. However, the authorities take this responsibility very seriously and will not hesitate to punish with fines and ...
(1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the...
Since its inception, the Office of the Whistleblower has been highly effective, leading or developing further many successful enforcement actions and recovering billions for investors. Whistleblowers who voluntarily provide original information that results in fines and disgorgements exceeding $1 million ar...
Louden's wife learned of the trades and reported the matter to the relevant officials at BP, who alerted authorities. A year later, Louden was sentenced to two years in federal prison and ordered to pay his profits in fines plus a half million dollars in further penalties. He and his form...