All Securities and Exchange Commission articles – Page 67

Blog
GM resolves SEC ignition switch investigation

2017-01-19T09:45:00Z

Without admitting or denying any wrongdoing, General Motors has agreed to pay a $1 million civil penalty to resolve charges that deficient internal accounting controls prevented the company from properly assessing the potential impact on its financial statements of a defective ignition switch found in some vehicles. Jaclyn Jaeger reports.
Blog
Orthofix to pay $15M for accounting failures and FCPA violations

2017-01-19T09:30:00Z

Medical-device company Orthofix International has agreed to admit wrongdoing and pay more than $14 million to settle SEC charges that it improperly booked revenue in certain instances and made improper payments to doctors at government-owned hospitals in Brazil in order to increase sales. Jaclyn Jaeger reports.
Blog
Allergan to pay $15M for disclosure failures in wake of hostile takeover bid

2017-01-19T09:15:00Z

Drug company Allergan, headquartered in Dublin, Ireland, has agreed to admit securities law violations and pay a $15 million penalty for disclosure failures in the wake of a hostile takeover bid, the Securities and Exchange Commission announced. Jaclyn Jaeger has more.
Article
SEC oversight in the Digital Age

2017-01-18T09:30:00Z

Big Data is the compliance buzzword of the day, but at the SEC, high technology is both a challenge and an opportunity. Jaclyn Jaeger has more.
Blog
SEC details 2017 examination priorities

2017-01-12T21:30:00Z

The SEC has announced its Office of Compliance Inspections and Examinations’ priorities for the new year. Added areas of focus, writes Joe Mont, include electronic investment advice, money market funds, and the financial exploitation of senior investors.
Article
Anti-corruption compliance lessons from Teva’s FCPA case

2017-01-10T15:00:00Z

Teva Pharmaceuticals conducted bribery on a massive, international scale and became a case study for FCPA watchers everywhere. Jaclyn Jaeger reports.
Blog
Mondelez International to pay $13M in FCPA case

2017-01-09T16:45:00Z

Mondelez International, a beverage and snack-food company, has agreed to pay $13 million in civil penalties to the Securities and Exchange Commission for violations of the Foreign Corrupt Practices Act. Jaclyn Jaeger reports.
Blog
SEC issues $5.5 million whistleblower award

2017-01-09T12:45:00Z

The SEC has awarded more than $5.5 million to a whistleblower who provided critical information that helped the SEC uncover an ongoing scheme. Jaclyn Jaeger reports.
Blog
FINRA details 2017 examination priorities

2017-01-05T14:45:00Z

The Financial Industry Regulatory Authority has released its annual “Regulatory and Examination Priorities Letter,” an overview of areas it plans to focus on in 2017 exams. More from Joe Mont.
Blog
Teva to pay $519M to settle FCPA charges

2016-12-22T12:30:00Z

Teva Pharmaceutical Industries will pay $519 million to settle charges that it violated the FCPA; while global construction company Odebrecht and petrochemical company Braskem (both based in Brazil) will pay a combined penalty of $3.5 billion to settle the largest foreign bribery case in history. Jaclyn Jaeger reports.
Blog
Odebrecht, Braskem to pay record $3.5B in global bribery case

2016-12-22T12:15:00Z

Global construction company Odebrecht, based in Brazil, and Brazilian petrochemical company Braskem pleaded guilty yesterday and agreed to pay a combined total penalty of at least $3.5 billion—the largest foreign bribery case in history, according to the U.S. Department of Justice. Jaclyn Jaeger has more.
Blog
SEC charges two companies in whistleblower cases

2016-12-21T11:15:00Z

For the first time ever, the SEC yesterday charged a company for retaliating against an internal whistleblower. It also marks the second enforcement action this week against a company that impeded an employee from communicating with the SEC. Jaclyn Jaeger reports.
Article
SEC enforcement trends to watch in 2017

2016-11-29T11:30:00Z

Jaclyn Jaeger recaps a record-breaking year for SEC enforcement activity, and what to expect in the year ahead.
Article
White’s SEC departure inspires reflection, fear of ‘midnight regulations’

2016-11-22T09:30:00Z

Chairman Mary Jo White’s pending departure from the SEC has inspired a look back at her accomplishments and encouraged advice for her successors. Joe Mont reports.
Article
What President Trump means for regulation and regulators

2016-11-15T18:00:00Z

A Trump administration promises to roll back the SEC, the CFPB, Dodd-Frank, and Obamacare. But that is all much easier said than done, reports Joe Mont.
Blog
SEC debates regulatory approach to FinTech

2016-11-14T13:30:00Z

The need to balance FinTech innovations with investor protections was the underlying message at a day-long forum held by the Securities and Exchange Commission on Nov. 14. Joe Mont reports.
Article
Rare FCPA action puts financial services firms on notice

2016-11-08T15:15:00Z

Thanks to wayward hedge fund Och-Ziff, the entire finserv world might face an FCPA sweep. Compliance officers, take note. Jaclyn Jaeger reports.
Blog
SEC announces agenda, panelists for FinTech forum

2016-11-07T13:30:00Z

The SEC will hold a daylong forum on the evolving use of FinTech in financial services and what it may mean for investors.
Blog
Kara Stein: A vision for data at the SEC

2016-11-02T09:15:00Z

SEC Commissioner Kara Stein has renewed calls to create an Office of Data Strategy that would be tasked with coordinating the creation of a data strategy addressing how the SEC collects, manages, uses, and provides data. Jaclyn Jaeger reports.
Blog
SEC introduces whistleblower 'pretaliation' to financial firm exams

2016-10-27T15:15:00Z

The Securities and Exchange Commission's hunt for whistleblower “pretaliation” will now be a part of its nationwide examination and inspection program for financial firms.