- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Jeff Dale2024-09-20T15:38:00
A “biblically responsible” investment adviser agreed to pay $300,000 and hire an independent compliance consultant to settle charges with the Securities and Exchange Commission (SEC) that it misled investors, along with other compliance failures.
Idaho-based Inspire Investing used a data-driven methodology to evaluate companies and purported to exclude investments in businesses that “do not align with biblical values,” the SEC said in a press release Wednesday.
Any companies involved in abortion, alcohol, cannabis, tobacco, stem cell research, gambling, human rights exploitation, in vitro fertilization, LGBTQ legislation, pornography, or state-owned enterprises were purportedly excluded from Inspire’s investment strategy, the SEC said.
2025-01-17T15:49:00Z By Jeff Dale
Cannabis hedge fund Navy Capital Green Management agreed to pay $150,000 to settle charges levied by the Securirties and Exchange Commission that the firm misled investors about its AML/CFT policies and allowed a sanctioned Russian oligarch to invest.
2025-01-10T20:14:00Z By Adrianne Appel
A cannabis company agreed to pay $225,000 to settle allegations that funds were temporarily deposited into its year-end accounts for the sole purpose of inflating year-end cash, the Securities and Exchange Commission said.
2024-09-24T19:00:00Z By Aaron Nicodemus
The Securities and Exchange Commission will host a virtual national seminar on Nov. 7 targeted toward chief compliance officers at investment companies and investment advisers.
2025-07-02T18:31:00Z By Aaron Nicodemus
Emerging enforcement priorities of the U.S. Department of Justice’s health care fraud division align with the Trump administration’s emphasis on prosecuting transnational criminal organizations and ending opioid trafficking.
2025-07-01T23:26:00Z By Oscar Gonzalez
Since President Donald Trump took office, the U.S. Federal Trade Commission has yet to keep up the level of enforcement it had under previous chair Lina Khan. The agency, however, returned to antitrust action in the case of fuel stations, just in time for the July 4th holiday.
2025-06-25T16:29:00Z By Oscar Gonzalez
In May, three commissioners for the Consumer Product Safety Commission were abruptly fired by President Donald Trump and sued for their jobs shortly after. A federal judge has ruled that the commissioners should be reinstated, although it’s unclear whether that ruling may itself be reversed.
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