- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Jeff Dale2023-09-25T17:50:00
GTT Communications, a provider of telecommunications and internet services, avoided a civil penalty in reaching a settlement with the Securities and Exchange Commission (SEC) addressing alleged disclosure failures over more than a two-year period.
GTT agreed to cease and desist from further violations in reaching settlement, the SEC announced in a press release Monday. The Virginia-based company failed to disclose material information about unsupported adjustments in SEC filings that increased reported operating income by at least 15 percent in three quarters from 2019-20, the agency alleged.
The SEC acknowledged GTT’s prompt self-reporting, extensive remediation, and substantial cooperation in not issuing a fine.
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2023-11-06T12:59:00Z By Aaron Nicodemus
Royal Bank of Canada will pay $6 million in total penalties to settle charges from the Securities and Exchange Commission and two Canadian regulators that it failed to properly record software development costs for more than a decade.
2023-09-29T17:18:00Z By Adrianne Appel
Consumer products company Newell Brands agreed to pay $12.5 million as part of a settlement with the Securities and Exchange Commission addressing allegations the company misled investors about its core sales growth.
2023-09-21T19:27:00Z By Jeff Dale
Chicago-based swap dealer StoneX Markets agreed to pay $650,000 as part of a settlement with the Commodity Futures Trading Commission addressing admitted disclosure and supervision failures.
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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