Santander was fined 107.7 million pounds ($132 million) by the Financial Conduct Authority for “serious and persistent” deficiencies in the Spanish bank’s anti-money laundering systems…
Bankman-Fried and Ellison hire counsel as FTX investigations heat up
According to a spokesperson for Bankman-Fried and a source familiar with Ellison’s selection, FTX founder and former chief executive Sam Bankman-Fried and Caroline Ellison, head…
A French watchdog compels Amazon to pay fines totaling $3.5 million
The U.S. online retailer Amazon.com (AMZN.O) has been fined 3.3 million euros ($3.5 million) by a French watchdog for failing to amend clauses in contracts…
AT&T will settle a complaint with the SEC for $6 million regarding analyst leaks
The Securities and Exchange Commission filed a court document accusing AT&T Inc. (T.N) of selectively disclosing financial information to Wall Street analysts and demanding a…
The SEC accuses Goldman Sachs Asset Management of violating its regulations for ESG investing
The U.S. Securities and Exchange Commission penalized Goldman Sachs Asset Management $4 million on Tuesday after accusing it of breaking rules for investments in the…
Founder of Iconix found guilty of securities fraud at second trial
A little over a year after a different jury was unable to reach a verdict in his initial trial, a Manhattan jury on Monday found…
Market maker Virtu brings a record-request lawsuit against the U.S. SEC
In an uncommon move, Virtu filed a lawsuit against the U.S. Securities and Exchange Commission on Tuesday, claiming that its chief regulator had failed to reply to a request for public documents. Virtu, a market maker with a sizable equity business, claimed it filed a Freedom of Information Act (FOIA) request in June to ascertain whether the SEC had complied with legal requirements to assess potential investor harm and market risks while taking new rules for the handling and execution of retail stock orders into consideration. “What we’re doing is exercising our rights as citizens … to understand what this Chair is looking at and who he’s meeting…
To resolve the Arizona diesel ad complaint, Mercedes-Benz will pay $5.5 million
In order to end a legal dispute involving promises made in diesel advertising, the German manufacturer Mercedes Benz and auto supplier Robert Bosch LLC have…
SEC, DOJ Examining FTX Crypto Platform
The probe focuses on potential securities-law violations by U.S. affiliate Following its abrupt collapse this week, the Securities and Exchange Commission and Justice Department are…
Todd and Julie Chrisley get 12 years for Bank Fraud and Tax Evasion
Todd Chrisley was sentenced to 12 years in prison plus 16 months of probation, while Julie got seven years behind bars and 16 months of…