By Kyle Brasseur2024-03-19T16:19:00
The Commodity Futures Trading Commission (CFTC) announced settlements with U.S. Bank and Oppenheimer & Co. for admitted recordkeeping and supervision failures regarding employee use of off-channel communications for conducting business.
U.S. Bank agreed to pay a $6 million penalty, while Oppenheimer was fined $1 million.
Both firms’ violations dated back to 2019 and included instances of noncompliance among senior leaders and supervisory personnel responsible for ensuring compliance, the CFTC said in its press release Tuesday. These occurred despite the firms having in place policies and procedures to prevent business-related communications through unapproved means.
2024-04-08T17:35:00Z By Aaron Nicodemus
Sanjay Wadwha, deputy director of the SEC’s Enforcement Division, discussed the agency’s rationale for issuing widely disparate penalties for off-channel communications recordkeeping violations, as well as violations of its amended marketing rule.
2024-04-04T02:48:00Z By Kyle Brasseur
Registered investment adviser Senvest Management agreed to pay $6.5 million as part of a settlement with the Securities and Exchange Commission addressing admitted off-channel communications violations and separate code of ethics failures.
2024-04-04T01:27:00Z By Jeff Dale
The Commodity Futures Trading Commission ordered an Australian swap dealer to pay $500,000 over admitted supervision failures related to a deficient spoofing surveillance tool.
2025-07-29T18:30:00Z By Ian Sherr
Chip design software and hardware maker Cadence Design Systems agreed to plead guilty to unlawfully exporting semiconductor design tools to a restricted Chinese military university, the Department of Justice said in a statement. The California firm will pay over $140 million in criminal and civil pines and forfeitures, marking the ...
2025-07-29T17:34:00Z By Oscar Gonzalez
The Department of Justice fired two officials who were part of its antitrust division on Monday. The move, reported by CBS News, marks the latest effort from the Trump administration to ease regulations for companies and rollback of antitrust enforcement.
2025-07-29T16:04:00Z By Adrianne Appel
A Florida wireless company and its chief executive officer will pay more than $128 million to settle civil and potential criminal allegations that they defrauded a federal low-income telecommunications program, according to the Department of Justice.
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