SEC fines non-US entities for unregistered cross-border brokerage and advisory activitiesInvestment adviserForeign firmCross-border activitiesUS Securities and Exchange Commission (SEC)Broker-dealerRegistrationAn exploration of a settlement involving a foreign financial institution, its non-US subsidiaries, ...
Neither admitting nor denying the SEC’s findings, both institutions agreed to settle the charges by paying the combined USD 9.3 million fine, with Merrill paying USD 6.5 million and Harvest USD 2.8 million. The fines are intended to compensate clients for losses incurred due to improper trading...
According to the SEC, the firms admitted that staff at multiple levels including supervisors failed to preserve communications about municipal advisory work as required by law. The largest fines included $324,000 against Kaufman Hall & Associates, together with Ponder & Co; $250,000 a...
SEC fines fintech crypto fund that promised 2,700% returns Titan Global Capital Management to pay $1m to those it advised without admitting fault Cyber-crime22 Aug 2023|13 SEC lawsuit against Terraform Labs and cofounder Do Kwon lives to fight another day ...
Yesterday, the SEC set a new deadline for Feb. 27, 2019 in order to further review the rule change proposals to list aexchange-traded fund (ETF) by investment firm VanEck and blockchain company SolidX on the Chicago Board Options Exchange (CBOE). Both VanEck and SolidX firms file...
it is important to ensure that the company was not a PFIC in any given tax year; Lack of clear representation on SEC filing (e.g., 20 – F) that company is not a PFIC might deter potential US investors for a number of reasons, including the fact that QDI treatment may not be ...
Watch: Secretary of the U.S. Navy names first-in-class expeditionary medical ship May 16, 2023 Secretary of the U.S. Navy (SECNAV) Carlos Del Toro announced USNS Bethesda as the name of the new medical ship that will provide medical care around the world. ...
or that would otherwise create liability or violate any local, national or international law, including, without limitation, the regulations of the U.S. Securities and Exchange Commission (SEC) or any rules of any securities exchange, including but not limited to, the New York Stock Exchange (...
In September 2022, the SECissueda cease and desist, as well as levying $1.6m in fines, to HF Foods’ auditor Friedman LLP for failing to find numerous audit issues with issuers that, according to our analysis, included HF Foods.
Sources: the SEC's probe into JPMorgan letting staff use WhatsApp and other unapproved channels for business spreads to other banks, which may pay $1B+ in fines Munsif Vengattil / Reuters: Industry group: India plans to pilot parallel testing of new electronic devices to speed up safety ...