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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2022-10-07T19:05:00
London-based brokerage firm Sigma Broking was fined 531,000 pounds (U.S. $589,000) for failing to report certain transactions to the U.K. Financial Conduct Authority (FCA).
Three of Sigma’s directors were fined an additional total of more than £200,000 (U.S. $222,000).
The FCA said from 2014-16, Sigma did not report, or failed to report accurately, 56,000 contracts for difference (CFD) transactions as required. Sigma also failed to report 97 suspicious transactions, the FCA said Thursday.
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News and analysis for the well-informed compliance or audit exec.
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2023-09-18T16:10:00Z By Jeff Dale
Ridesharing company Lyft agreed to pay a $10 million penalty to settle allegations by the Securities and Exchange Commission it failed to disclose a pre-initial public offering stock deal that netted a member of its board millions of dollars.
2024-07-26T19:49:00Z By Aaron Nicodemus
Three federal banking regulators issued guidance on the risks posed by the use of third-party financial technology firms to deliver bank deposit products and services to customers.
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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.
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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.
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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.
2024-07-24T17:19:00Z By Adrianne Appel
Prysmian Cables and Systems USA agreed to pay $920,000 to settle allegations it falsified tests and compliance certifications concerning cable it sold to the U.S. military for use in vehicles, the Department of Justice said.
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