- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Jeff Dale2024-09-20T15:38:00
A “biblically responsible” investment adviser agreed to pay $300,000 and hire an independent compliance consultant to settle charges with the Securities and Exchange Commission (SEC) that it misled investors, along with other compliance failures.
Idaho-based Inspire Investing used a data-driven methodology to evaluate companies and purported to exclude investments in businesses that “do not align with biblical values,” the SEC said in a press release Wednesday.
Any companies involved in abortion, alcohol, cannabis, tobacco, stem cell research, gambling, human rights exploitation, in vitro fertilization, LGBTQ legislation, pornography, or state-owned enterprises were purportedly excluded from Inspire’s investment strategy, the SEC said.
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2025-01-17T15:49:00Z By Jeff Dale
Cannabis hedge fund Navy Capital Green Management agreed to pay $150,000 to settle charges levied by the Securirties and Exchange Commission that the firm misled investors about its AML/CFT policies and allowed a sanctioned Russian oligarch to invest.
2025-01-10T20:14:00Z By Adrianne Appel
A cannabis company agreed to pay $225,000 to settle allegations that funds were temporarily deposited into its year-end accounts for the sole purpose of inflating year-end cash, the Securities and Exchange Commission said.
2024-09-24T19:00:00Z By Aaron Nicodemus
The Securities and Exchange Commission will host a virtual national seminar on Nov. 7 targeted toward chief compliance officers at investment companies and investment advisers.
2025-03-27T13:11:00Z By Jeff Dale
The U.K. Financial Reporting Council issued penalties against PwC and a former auditor over deficiencies on work related to the 2019 financial statements of now shuttered Wyelands Bank.
2025-03-27T12:49:00Z By Aaron Nicodemus
Yet another government contractor has been slapped with a fine by the Department of Justice for applying lax cybersecurity defenses on sensitive government data.
2025-03-26T18:48:00Z By Oscar Gonzalez
The European Commission released its preliminary findings last week regarding Apple and Google not complying with the Digital Markets Act. It issued orders to both companies regarding their business practice and plans to release all of its findings next week.
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