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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Kyle Brasseur2023-06-30T14:37:00
The Department of Justice (DOJ) and Securities and Exchange Commission (SEC) on Thursday announced charges against a dozen individuals across four separate insider trading cases, including an alleged scheme involving the chief compliance officer of an unnamed international payment processing company.
The CCO, Steven Teixeira, pleaded guilty to DOJ charges he obtained material nonpublic information from the laptop of his then-girlfriend, an executive assistant at a New York City investment bank. Between 2021 and 2022, Teixeira shared this information with friends, including Jordan Meadow, to generate illegal profits, the DOJ alleged. Meadow provided items of value, including a Rolex, to Teixeira in exchange for the information, per the DOJ.
Meadow was arrested and charged with six counts of securities fraud. He and Teixeira were each charged by the SEC with violating the antifraud provisions of the federal securities laws and face civil penalties, disgorgement orders, and officer-and-director bars.
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2024-02-05T22:15:00Z By Jeff Dale
Westpac Banking Corp. was assessed a maximum fine of AUS$1.8 million (U.S. $1.2 million) to address charges levied by the Australian Securities and Investments Commission of insider trading related to an interest rate swap transaction.
2024-01-25T17:03:00Z By Kyle Brasseur
Private equity company Tavistock Group announced the retention of law firm Sidley Austin to conduct a compliance review, the same week that its billionaire founder pleaded guilty to U.S. insider trading charges.
2023-12-27T18:03:00Z By Kyle Brasseur
OEP Capital Advisors agreed to pay a $4 million penalty as part of a settlement with the Securities and Exchange Commission addressing alleged deficiencies regarding the prevention of misuse of material nonpublic information.
2024-07-26T19:18:00Z By Jeff Dale
RTX Corp., the parent company of Raytheon, disclosed in a public filing it has reserved $1.24 billion to resolve legacy legal matters with the Department of Justice, Securities and Exchange Commission, and Department of State.
2024-07-26T15:51:00Z By Aaron Nicodemus
The U.K. Financial Conduct Authority issued a fine of $4.5 million (3.5 million pounds) against a U.K.-based subsidiary of crypto platform Coinbase for providing services to high-risk customers in violation of FCA rules.
2024-07-26T13:36:00Z By Adrianne Appel
Admera Health agreed to pay more than $5.5 million to resolve allegations first brought by two whistleblowers that it paid kickbacks to third-party contractors, the Department of Justice said.
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