By Aaron Nicodemus2023-11-15T18:46:00
The Securities and Exchange Commission (SEC) fined Charter Communications $25 million for violating internal accounting control requirements related to stock buybacks.
The SEC said Charter, whose services are branded as Spectrum, approved stock buybacks that used nonconforming plans that did not comply with Rule 10b5-1, which offers protections for companies and individuals from insider trading liability under certain conditions, according to the agency’s order released Tuesday. The SEC said the company’s board of directors authorized stock buybacks only if they complied with the rule.
Charter neither admitted nor denied the allegations and agreed to cease and desist from further violations.
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.
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.
2023-11-06T12:59:00Z By Aaron Nicodemus
Royal Bank of Canada will pay $6 million in total penalties to settle charges from the Securities and Exchange Commission and two Canadian regulators that it failed to properly record software development costs for more than a decade.
2025-08-07T19:38:00Z By Adrianne Appel
The owners of cryptocurrency mixing service Samourai Wallet pleaded guilty to transmitting more than $200 million in criminal transactions, according to the Department of Justice.
2025-08-07T15:59:00Z By Ruth Prickett
Late payers will soon face much larger fines in the U.K. in what is promised to be the “toughest crackdown on late payments in a generation.” The scheme is intended to save the 38 businesses a day that go bust because of poor payment practices.
2025-08-06T20:18:00Z By Aly McDevitt
A delayed product hazard report cost one company criminal and civil penalties—and a mother her life. This case shows why timely reporting and executive accountability are non-negotiable for compliance teams.
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