- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2023-04-26T18:00:00
Mizuho Capital Markets (MCM) agreed to pay more than $6.8 million to settle charges from the Commodity Futures Trading Commission (CFTC) it failed to adequately disclose its pre-trade activity on certain foreign exchange forward transactions that disadvantaged its customers.
The CFTC said Tuesday in a press release the conduct of MCM, a New York-based swap dealer, constituted trade practice violations of the swap dealer business conduct standards in the Commodity Exchange Act and agency regulations.
Without admitting or denying the CFTC’s allegations, MCM agreed to pay a $5 million fine, more than $1.8 million in restitution to affected customers, and to cease and desist from future violations.
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2023-09-13T15:39:00Z By Jeff Dale
Government healthcare services corporation Maximus settled with the Securities and Exchange Commission for allegedly failing to disclose an executive’s two siblings were also employed by the company and received annual compensation of more than $120,000.
2023-04-11T17:23:00Z By Aaron Nicodemus
Goldman Sachs will pay a $15 million fine to settle charges from the Commodity Futures Trading Commission it manipulated the execution of same-day swaps to the detriment of unsophisticated clients and for failing to accurately disclose the actual cost of those swaps.
2023-02-17T20:14:00Z By Adrianne Appel
Options Clearing Corp. agreed to pay $22 million as part of settlements with the Securities and Exchange Commission and Commodity Futures Trading Commission addressing charges the company failed to comply with internal rules to manage risks.
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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