- 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.
A bank examiner and senior manager at the Federal Reserve Bank of Richmond pled guilty to insider trading after allegedly misappropriating confidential information on seven banks to make profitable trades.
New York-based investment firm Drexel Hamilton will pay more than $1.1 million in penalties, with four current and former employees paying fines as well over committing hundreds of violations of rules regarding the sale of municipal bonds.
A publicly traded cryptocurrency mining company will pay $10 million and completely change its business model to one with “lower corruption risk” as part of a settlement over violations of the Foreign Corrupt Practices Act (FCPA), two regulators announced.
