- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Jeff Dale2023-08-08T19:09:00
The Securities and Exchange Commission (SEC) ordered a Florida-based fund administrator to pay more than $122,000 to settle allegations it missed red flags regarding a $39 million fraud.
Theorem Fund Services agreed to pay a $100,000 penalty, disgorgement of $18,000, and prejudgment interest of $4,271, the SEC announced in a press release Monday. The firm consented to cease and desist from further violations.
From approximately January 2018 through March 2019, Theorem served as the administrator for a Detroit-based hedge fund adviser shut down by the SEC in May 2022 for running a “Ponzi-like” scheme that included the misappropriation and misuse of investors’ funds.
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2023-08-01T15:57:00Z By Kyle Brasseur
Broker-dealers complying with anti-money laundering/countering the financing of terrorism requirements put forward by the SEC must be mindful of the resources they are providing for their programs during the current heightened risk environment.
2023-07-21T15:37:00Z By Kyle Brasseur
Digital World Acquisition Corp. faces a penalty of $18 million as part of a settlement reached with the Securities and Exchange Commission regarding fraud allegations related to its dealings with Trump Media & Technology Group.
2023-07-17T17:54:00Z By Kyle Brasseur
Financial services firm Cantor Fitzgerald agreed to pay a $1.4 million penalty as part of a settlement with the Securities and Exchange Commission addressing alleged reporting failures.
2025-04-22T12:00:00Z
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 ...
2025-04-18T17:45:00Z By Oscar Gonzalez
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 ...
2025-04-15T07:30:00Z By Aaron Nicodemus
The Consumer Financial Protection Bureau dropped yet another consumer protection lawsuit against a bank or fintech provider since Donald Trump was sworn in as president in January. This time, it was with Comerica Bank.
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