The SEC has charged two former Wall Street investment bankers with insider trading tied to the 2022 acquisition of energy company South Jersey Industries.
Regulatory Enforcement
Posted inRegulatory Enforcement
TikTok pays $400M to settle children’s privacy allegations, but agreement terms kept secret
TikTok has agreed to pay $400 million to the Department of Justice (DOJ) to settle long-running complaints that the company has repeatedly violated children’s privacy. The DOJ sued TikTok’s predecessor, Musical.ly, in 2019 for allegedly not complying with the Children’s Online Privacy Protection Act (COPPA), which prohibits the collection, use and disclosure of personal data […]
Posted inRegulatory Enforcement
Enforcement activity over Hart-Scott-Rodino Act violations heating up
The biggest takeaway from the fiscal year 2025 Hart-Scott-Rodino Annual Enforcement report was not the number of merger transactions reported, which has remained steady, but the value of the transactions themselves.
Posted inRegulatory Enforcement
Ex-Bridgestone Americas employee to forfeit $21M earned from stolen funds
A former employee of Bridgestone Americas has pleaded guilty to two counts of wire fraud for carrying out a scheme that resulted in his employer paying nearly $15 million in fraudulent invoices submitted through a fictitious vendor that he created.
Posted inPharmaceuticals
Pharma company pays $46M and promises extensive compliance improvements to settle kickback charges
A drug manufacturer will pay more than $46 million and implement significant compliance program improvements to settle allegations that it offered kickbacks to doctors who prescribed its kidney drug.
Posted inTechnology
CFTC invokes emergency authority to keep Kalshi operating amid New York lawsuit
The CFTC invoked its emergency authority to order Kalshi to keep operating, after the company notified the agency of a market emergency triggered by New York’s lawsuit against it.
Posted inHealthcare
OSF Healthcare pays $552,250 for HIPAA violations from ransomware breach
Illinois-based OSF Healthcare System has agreed to pay $552,250 to resolve potential HIPAA violations tied to a 2021 ransomware attack.hea
Posted inRegulatory Enforcement
SFO and U.S. authorities investigate collapsed telecoms firm IMC
The U.K.’s Serious Fraud Office has announced that it has launched an investigation into suspected fraud, false accounting and money laundering at telecoms firm Internet Mobile Communications Limited.
Posted inAnti-Bribery
Former Goldman exec faces 30 years for bribery
A former Goldman Sachs executive director faces 30 years in prison after being convicted of paying more than $1.5 million in bribes to officials in Ghana, the U.S. Department of Justice (DOJ) announced.
Posted inAccounting & Auditing
U.K. increases fines for poor audit practices while audit firms criticized for poor practices and quality failures
U.K. audit regulator, the FRC, has fined audit firms and their partners $17.37 million for audit misconduct over the past year.
