- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Adrianne Appel2024-06-26T13:54:00
A Nevada energy and manufacturing company headquartered in Nova Scotia agreed to pay $1 million to the Securities and Exchange Commission (SEC) for allegedly violating internal accounting controls, while the agency further investigates the former CEOs.
Meta Materials violated the antifraud, reporting, internal accounting controls, and books and records provisions of federal securities laws, the SEC announced in a press release Tuesday. The company’s former CEOs John Brda and George Palikaras violated antifraud and proxy disclosure provisions, the agency added, with Brda allegedly aiding and abetting the company’s aforementioned violations.
The SEC seeks permanent injunctions, officer-and-director bars, and civil penalties from the former CEOS, along with disgorgement and prejudgment interest from Brda, according to a complaint, filed in U.S. District Court for the Southern District of New York.
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Registered investment adviser Anson Funds Management and exempt reporting adviser Anson Advisers will combine to pay more than $2 million for allegedly misleading investors about their short fund strategy and related recordkeeping violations.
The former chief executive officer of closed AI recruitment startup Joonko faces up to 40 years in prison and the potential of penalties levied by the Securities and Exchange Commission for allegedly defrauding investors of more than $27 million.
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.
PetroChina International America agreed to pay a fine and forfeiture of $14.5 million to settle charges with the Department of Justice that it violated U.S. export control laws.
Popular children’s mobile game developer Tilting Point Media agreed to pay $500,000 to settle allegations the company illegally collected children’s personal data, a violation under the California Consumer Privacy Act and a federal children’s privacy law.
