- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Aaron Nicodemus2022-09-16T20:17:00
Four investment advisers were fined between $45,000 and $95,000 by the Securities and Exchange Commission (SEC) for violating the agency’s pay-to-play rule.
Canaan Management, of Connecticut, and Highland Capital Partners, of Massachusetts, were each fined $95,000 for continuing to receive advisory fees from government entities following campaign contributions made by associates to elected officials or candidates for elected office, the SEC said Thursday in an administrative proceeding.
StarVest Management, of New York, was fined $70,000, while Asset Management Group of Bank of Hawaii was fined $45,000 for similar violations.
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Three former executives of Chicago-based Outcome Health, a healthcare technology company, were sentenced for misleading an auditor, clients, lenders, and investors about a scheme to sell $45 million in overbilled advertisements.
The U.S. Supreme Court extended the statute of limitations for businesses attempting to challenge some federal regulations, allowing regulated entities a longer timeline to appeal a decision.
A home health company operating in Indiana, Ohio, and Texas agreed to pay nearly $4.5 million to settle allegations it filed false claims by giving sports tickets and other kickbacks to assisted living facilities in exchange for referrals.
Crypto-friendly Silvergate Bank will pay a total of $63 million penalties to California and the Federal Reserve Board to settle charges that its anti-money laundering program failed to properly monitor more than $1 trillion worth of customer transactions.
A Minnesota dermatology practice, its owner, and chief executive agreed to pay $1.6 million to settle allegations, first brought by two whistleblowers, that the company violated the Anti-Kickback Statue by making false claims to Medicare.
Italy-based Mondo TV agreed to pay $538,000 to settle charges with the Treasury Department’s Office of Foreign Assets Control over 18 apparent violations of North Korea sanctions regulations.
