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Showing 31 - 40 of 245 results for "Exchange Commission"

SEC sues Binance, chief executive

JAMIE WILLIAMSON  |  TUESDAY, 6 JUN 2023
The Securities and Exchange Commission is suing the world's largest crypto exchange and its chief executive Changpeng Zhao for allegedly lying to regulators and mishandling billions of investor dollars. Binance Holdings, BAM Trading Services, BAM Management ...

Startup founder charged for defrauding JPMorgan

JAMIE WILLIAMSON  |  WEDNESDAY, 5 APR 2023
... on as head of student solutions, was terminated by JPMorgan in November 2022. Overnight, the Securities and Exchange Commission charged Javice with fraud, specifically violating the antifraud provisions of the Securities Act of 1993 and Securities Exchange ...

Bloomberg pays US$5m in SEC charges

CASSANDRA BALDINI  |  TUESDAY, 24 JAN 2023
The finance juggernaut has agreed to fork out US$5 million in penalties to the Securities and Exchange Commission (SEC) following charges related to its fixed income valuations. The SEC alleged that Bloomberg Finance LP misled disclosures relating to ...

Goldman Sachs charged over ESG failures

JAMIE WILLIAMSON, RACHEL ALEMBAKIS  |  WEDNESDAY, 23 NOV 2022
... investing by the Trump Administration. In conduct stretching from April 2017 to February 2020, the Securities and Exchange Commission alleged Goldman Sachs had several failures in relation to two mutual funds and one separately managed account within ...

SEC fines UBS Financial Services over fraud charges

JAMIE WILLIAMSON  |  THURSDAY, 30 JUN 2022
... investors through financial advisers between February 2016 and February 2017, according to the Securities and Exchange Commission. The SEC said that during this time advisers were not given adequate training or oversight of the strategy and that, although ...

DWS chief resigns amid greenwashing claims

JAMIE WILLIAMSON  |  THURSDAY, 2 JUN 2022
... underway into the matter, this one in Germany and another being undertaken in the US by the Securities and Exchange Commission. Woehrmann said that he would like to clear the way for a fresh start, to protect both the institution and those closest to ...

Deutsche Bank, DWS raided over greenwashing

JAMIE WILLIAMSON  |  WEDNESDAY, 1 JUN 2022
... extensive greenwashing. The investigation by the German regulator, BaFin, aligns to that of the US Securities and Exchange Commission which was launched following allegations from DWS's former group sustainability officer that the company is misrepresenting ...

SEC proposes new disclosure for ESG funds

RACHEL ALEMBAKIS  |  THURSDAY, 26 MAY 2022
The US Securities and Exchange Commission (SEC) has proposed a disclosure regime for ESG-related funds and advisers that would see funds broken down into three categories of strategies. The proposed changes would see three broad categories for ESG strategies ...

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

CASSANDRA BALDINI  |  TUESDAY, 24 MAY 2022
BNY Mellon Investment Adviser will pay US$1.5 million to settle charges brought by the Securities and Exchange Commission (SEC) for misstatements and omissions about ESG considerations in making investment decisions for certain mutual funds that it ...

Allianz subsidiary, former portfolio managers charged over massive fraud

JAMIE WILLIAMSON  |  WEDNESDAY, 18 MAY 2022
... multi-billion-dollar securities fraud sold to pension funds that went on for more than four years. The Securities and Exchange Commission charged Allianz Global Investors and three former senior portfolio managers over the "Structured Alpha" strategy ...