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Showing 11 - 20 of 41 results for "Division of Enforcement"

US regulator fines DWS US$25m for greenwashing, AML offences

RACHEL ALEMBAKIS  |  TUESDAY, 26 SEP 2023
... material to investors, investment advisers must ensure that their actions conform to their words," said SEC division of enforcement deputy director Sanjay Wadhwa, who is head of the SEC's Climate and ESG Task Force. "Here, DWS advertised that ESG was ...

Coinbase sued as US crackdown continues

JAMIE WILLIAMSON  |  WEDNESDAY, 7 JUN 2023
... because you'd prefer different ones: the consequences for the investing public are far too great," SEC Division of Enforcement director Gurbir S. Grewal said. "As alleged in our complaint, Coinbase was fully aware of the applicability of the federal ...

SEC sues Binance, chief executive

JAMIE WILLIAMSON  |  TUESDAY, 6 JUN 2023
... them and put their customers and investors at risk - all in an effort to maximise their own profits," SEC Division of Enforcement director Gurbir S. Grewal said. The SEC alleges that, while Zhao and Binance publicly claimed that US customers were restricted ...

Startup founder charged for defrauding JPMorgan

JAMIE WILLIAMSON  |  WEDNESDAY, 5 APR 2023
... claims, and then used that fake information to induce JPMC to enter into a $175 million transaction," SEC Division of Enforcement director Gurbir S. Grewal said. "Even non-public, early-stage companies must be truthful in their representations, and when ...

SEC fines Mormon Church investment arm

KARREN VERGARA  |  WEDNESDAY, 22 FEB 2023
... All of which "are invested solely to support the Church's mission", the church said. The SEC's division of enforcement director Gurbir S. Grewal commented: "We allege that the LDS Church's investment manager, with the Church's knowledge ...

Goldman Sachs charged over ESG failures

JAMIE WILLIAMSON, RACHEL ALEMBAKIS  |  WEDNESDAY, 23 NOV 2022
... are increasingly branding and marketing their funds and strategies as 'ESG,'" deputy director of the SEC Division of Enforcement and head of the Climate and ESG Task Force Sanjay Wadhwa said. "When they do, they must establish reasonable policies and ...

SEC fines UBS Financial Services over fraud charges

JAMIE WILLIAMSON  |  THURSDAY, 30 JUN 2022
... products and strategies have a clear understanding of the risks those products present," chief of the Division of Enforcement's Complex Financial Instruments Unit, Osman Nawaz said. "As fiduciaries, advisers also must make suitable recommendations to ...

BNY Mellon subsidiary to pay US$1.5m over ESG misstatements

CASSANDRA BALDINI  |  TUESDAY, 24 MAY 2022
... the funds had undergone an ESG quality review, which wasn't the case. Deputy director of the SEC's Division of Enforcement and head of its limate and ESG Task Force, Sanjay Wadhwa explained the findings. "Registered investment advisers and funds ...

GE, Cheesecake Factory pursued for disclosure violations

ELIZABETH MCARTHUR  |  FRIDAY, 11 DEC 2020
... "Investors are entitled to an accurate picture of a company's material operating results," SEC director of the division of enforcement Stephanie Avakian said. "GE's repeated disclosure failures across multiple businesses materially misled investors about ...

Crypto exchange owners charged

KARREN VERGARA  |  THURSDAY, 8 OCT 2020
... billion. The CFTC estimates BitMEX earned fees of over US$1 billion since it began operating. The CFTC's division of enforcement director James McDonald said: "Effective anti-money laundering procedures are among the fundamental requirements of intermediaries ...