- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2023-11-15T18:46:00
The Securities and Exchange Commission (SEC) fined Charter Communications $25 million for violating internal accounting control requirements related to stock buybacks.
The SEC said Charter, whose services are branded as Spectrum, approved stock buybacks that used nonconforming plans that did not comply with Rule 10b5-1, which offers protections for companies and individuals from insider trading liability under certain conditions, according to the agency’s order released Tuesday. The SEC said the company’s board of directors authorized stock buybacks only if they complied with the rule.
Charter neither admitted nor denied the allegations and agreed to cease and desist from further violations.
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2024-02-05T22:15:00Z By Jeff Dale
Westpac Banking Corp. was assessed a maximum fine of AUS$1.8 million (U.S. $1.2 million) to address charges levied by the Australian Securities and Investments Commission of insider trading related to an interest rate swap transaction.
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The Federal Trade Commission (FTC) filed a lawsuit against Uber, alleging the ride-hailing company signed customers up for its Uber One subscription without consent, then made it hard for them to cancel. The move marks the U.S. government’s latest broadside against big tech companies, and the first major action from ...
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The U.S. Consumer Financial Protection Bureau continues to unravel amid pressure from Trump administration officials to shutter the agency. Not only has the agency informed its employees that it will no longer be a watchdog for the financial services industry, it has also laid off employees despite court orders blocking ...
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