A California day trader and founder of a hedge fund faces up to five years in prison after pleading guilty to manipulating stock prices through buy and sell “spoofing” schemes.
Adrianne Appel
Adrianne Appel writes regulatory news, policy, and trends for Compliance Week. She previously reported about policy developments for Bloomberg Law and Bloomberg Government.
Email: adrianne.appel@complianceweek.com
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Posted inPharmaceuticals
Former biopharm director heads to prison for insider trading ahead of Novartis purchase
A former director of biopharmaceutical company, Chinook Therapeutics, has been sentenced to prison for insider trading related to the company’s $3.2 billion sale to Novartis in 2023, a fraud detected through data analysis by the SEC.
Posted inRegulatory Enforcement
U.S. agencies take aim against Cambodian money laundering conglomerate
United States enforcement agencies have landed more blows against a sprawling, Cambodian-based money laundering, financial conglomerate, believed to operate hand-in-glove with cybercriminals who scam U.S. individuals out of their life savings.
Posted inAML
Bosnia and Herzegovina, and Iraq, added to international watchdog’s list for AML failings
Iraq and Bosnia and Herzegovina need to improve their anti-money laundering/countering the financing of terrorism programs and have been added to the FATF’s grey list.
Posted inTop Stories
Bosch receives first declination under DOJ’s new policy for self-reporting misconduct
The Department of Justice (DOJ) won’t prosecute German-based Robert Bosch GmbH (Bosch) for export violations under the Criminal Division’s Corporate Enforcement and Voluntary Self-Disclosure Policy (CEP). It is the first corporate declination under the CEP, which credits self-disclosure and self-remediation. The CEP, issued in March, credits corporations that self-disclose misconduct, cooperate with the DOJ investigation […]
Posted inSurveys & Benchmarking
ITM survey: Some organizations pull DEI programs—and some keep them—under feds’ DEI reversal, compliance officers report
Nearly four in 10 compliance teams have made it a priority to review risks related to their traditional DEI efforts and other programs in the face of the Trump administration’s unprecedented broadsides against the programs.
Posted inTop Stories
Bank imposter fraud jumped in 2025, FTC finds
Bank impersonators scammed the public out of nearly $1 billion in 2025, a sharp increase over 2024 levels, the FTC said.
Posted inConsulting
Diversity consultant for law firms shutters amidst FTC investigation
Diversity Lab, a California business that helped law firms expand their DEI efforts, has closed its doors following an investigation by the FTC.
Posted inFinancial Services
Former California fintech board member sentenced for $248M fraud scheme that led to bankruptcy
A former board member of a California financial technology company that marketed itself as being environmentally driven was sentenced to prison for 14 years for defrauding lenders and investors of more than $248 million, according to the DOJ.
Posted inTop Stories
DOJ decision calls EEOC employment guidelines unconstitutional
Key guidelines under which the Equal Employment Opportunity Commission has operated for decades are unconstitutional, the U.S. Department of Justice Office of Legal Counsel has concluded.
