- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Jeff Dale2023-07-05T17:53:00
A California-based manufacturer of smart windows avoided civil penalties after self-reporting apparent disclosure violations to the Securities and Exchange Commission (SEC).
View failed to disclose $28 million in projected warranty-related liabilities to address defects in its products, the SEC said in a press release Monday. The agency declined to fine the company because of the latter’s prompt remediation and cooperation.
View’s former Chief Financial Officer Vidul Prakash, however, faces SEC charges for his alleged failure to ensure disclosure of the warranty-related liabilities. The agency’s complaint against Prakash, filed in U.S. District Court for the Northern District of California, seeks permanent injunctions, civil penalties, and an officer-and-director bar.
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Diversified holding company Ault Alliance agreed to pay $700,000 as part of a settlement with the Securities and Exchange Commission addressing allegations of misleading disclosures and reporting violations.
Tool manufacturer Stanley Black & Decker avoided a civil penalty in settling with the Securities and Exchange Commission regarding alleged violations of executive perk disclosure rules.
Electronic payments software company Cantaloupe agreed to pay a $1.5 million penalty to settle allegations of accounting fraud levied by the Securities and Exchange Commission arising from improper revenue recognition practices.
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.
