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Showing 11 - 19 of 19 results for "Enforcement Division"

Celebrities cop $1m crypto fine

JAMIE WILLIAMSON  |  MONDAY, 3 DEC 2018
... now banned from promoting any securities, digital or otherwise, for three and two years respectively. SEC enforcement division co-director Stephanie Avakian said these cases highlight the importance of full disclosure to investors. "With no disclosure ...

Elon Musk steps down as Tesla chair

KANIKA SOOD  |  TUESDAY, 2 OCT 2018
... controls and procedures to oversee Musk's communications; and a new committee of independent directors. SEC enforcement division co-director Steven Peikin said: "The resolution is intended to prevent further market disruption and harm to Tesla's ...

Elon Musk charged with securities fraud

KANIKA SOOD  |  FRIDAY, 28 SEP 2018
... traded international stock by Australian SMSFs, tailing Amazon, Apple and Facebook, according to CommSec. SEC enforcement division co-director Steven Peikin said corporate officers hold positions of trust in our markets and have important responsibilities ...

ASIC defends enforceable undertakings at Royal Commission

KANIKA SOOD  |  FRIDAY, 17 AUG 2018
... hearings on Friday. First up was Tim Mullaly, a senior executive leader in ASIC's financial services enforcement division. He was grilled over the regulator's disciplinary action on CBA, ANZ and Westpac. The discussion related to July 6 this ...

JPMorgan Chase to pay bribery fines

KERRIE SYDEE  |  FRIDAY, 18 NOV 2016
... favoured referrals who were typically unqualified for the positions on their own merit," director of the SEC enforcement division, Andrew Ceresney said. "JPMorgan employees knew the firm was potentially violating the FCPA yet persisted with the improper ...

NY firm defrauds billion dollar CDOs

RUTH LIEW  |  TUESDAY, 22 JUN 2010
... and Priore repeatedly put themselves ahead of their clients," said Robert Khuzami, director of the SEC's Enforcement Division. "Instead of acting as fiduciaries, they took advantage of a distressed market to line their own pockets." ICP began serving ...

Investors get $250m compensation for crook advice

FSA RELEASE  |  TUESDAY, 13 APR 2010
... posed the biggest risk of offering poor advice. In total, six firms have been referred to the watchdog's enforcement division as a result of pension switching work. Digging deeper into the issue, the FSA found advisers were offering "portfolio advice ...

State Street settles suit for $340m

SEC RELEASE  |  MONDAY, 8 FEB 2010
... potential securities law violations arising out of the credit crisis remains a high priority for the SEC Enforcement Division." The enforcement action is the result of joint efforts by the SEC with the Massachusetts Securities Division and the Massachusetts ...

SEC hits fraudulent insurer with $790m penalty

... pursuit of a common goal: the protection of investors," said Linda Chatman Thomsen, director of the SEC's enforcement division. Under the settlement, Prudential will pay US$270 million to a distribution fund administered by the SEC to compensate those ...
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