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Showing 1 - 10 of 41 results for "Division of Enforcement"

Vanguard fined US$106m for investors' massive tax bill

KARREN VERGARA  |  TUESDAY, 21 JAN 2025
The Securities and Exchange Commission (SEC) charged Vanguard US$106.4 million for "materially misleading" investors in the Investor Target Retirement Funds (Investor TRFs) about their future tax liabilities. The failings relate to Vanguard dropping ...

SEC fines private equity firms for recordkeeping failures

KARREN VERGARA  |  TUESDAY, 14 JAN 2025
... the markets and their participants, like the firms at issue here," the acting director of the SEC's Division of Enforcement Sanjay Wadhwa said. "In today's actions, while holding firms responsible for their recordkeeping failures, the Commission ...

Former Western AM investment chief charged for 'cherry-picking'

MATTHEW WAI  |  TUESDAY, 26 NOV 2024
... New York has also announced charges against the former investment chief. Acting director of the SEC's division of enforcement Sanjay Wadhwa said Leech's allegedly fraudulent conduct was a "shocking betrayal" of his clients. "Investment advisers are at ...

Invesco Advisers pays $26m over false ESG claims

JAMIE WILLIAMSON  |  MONDAY, 11 NOV 2024
... high percentage of company-wide assets were ESG integrated. But saying it doesn't make it so," said SEC Division of Enforcement acting director Sanjay Wadhwa said. "Companies should be straightforward with their clients and investors rather than seeking ...

JP Morgan subsidiaries fined $230m by regulator

JAMIE WILLIAMSON  |  FRIDAY, 1 NOV 2024
... from the risks of self-dealing and conflicts of interest," Sanjay Wadhwa, acting director of the SEC's Division of Enforcement, said. "With today's settlements, which include multiple self-reports and large voluntary payments to harmed investors, JP ...

GQG breaches SEC whistleblower protection laws

KARREN VERGARA  |  FRIDAY, 27 SEP 2024
... believe that we are well positioned to serve our team and clients going forward." SEC co-chief of the division of enforcement's asset management unit Corey Schuster said whether through agreements or otherwise, firms cannot impose barriers to persons ...

Recordkeeping breach costs RBC, BNY Mellon US$85m

KARREN VERGARA  |  FRIDAY, 16 AUG 2024
... securities laws, which are essential to investor protection and well-functioning markets," SEC director of the division of enforcement Gurbir S. Grewal said. Last year, BNP Paribas Securities, Moelis & Company, and Wells Fargo and many others paid for ...

Massive crypto Ponzi scheme unravels

KARREN VERGARA  |  TUESDAY, 30 JAN 2024
... our law enforcement partners will hold perpetrators accountable for these and other fraud schemes." SEC division of enforcement director Gurbir S. Grewal said: "As alleged in our complaint, Lee and Chunga attracted investors with the allure of profits ...

J.P. Morgan pays US$18m over whistleblower rule breaches

JAMIE WILLIAMSON  |  WEDNESDAY, 17 JAN 2024
... include provisions that prevent individuals from contacting the SEC with evidence of wrongdoing," SEC Division of Enforcement director Gurbir S. Grewal said. "But that's exactly what we allege J.P. Morgan did here. For several years, it forced certain ...

SEC sues Kraken exchange again

CASSANDRA BALDINI  |  WEDNESDAY, 22 NOV 2023
... business model rife with conflicts of interest that placed investors' funds at risk," the SEC's division of enforcement director Gurbir Grewal said. "Kraken's choice of unlawful profits over investor protection is one we see far too often ...
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