- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Jeff Dale2023-09-12T20:28:00
A New York-based investment adviser agreed to pay $100,000 to settle allegations levied by the Securities and Exchange Commission (SEC) it failed to adopt and implement written compliance policies and procedures, conduct annual reviews, and establish and enforce a code of ethics.
Mortgage Industry Advisory Corp. (MIAC) also agreed to cease and desist from further violations and a censure in reaching settlement, the SEC announced in an administrative proceeding Monday.
In 2006, MIAC received a notice from the SEC’s Division of Examinations regarding alleged deficiencies in its employee handbook. The guidance was “primarily geared to internal human resources policies” and was not designed to prevent employees from violating federal securities laws, the SEC’s order stated.
2023-09-22T20:56:00Z By Jeff Dale
California-based investment adviser American Infrastructure Funds agreed to pay more than $1.6 million to settle charges by the Securities and Exchange Commission regarding multiple breaches of its fiduciary duty to clients.
2023-09-13T15:39:00Z By Jeff Dale
Government healthcare services corporation Maximus settled with the Securities and Exchange Commission for allegedly failing to disclose an executive’s two siblings were also employed by the company and received annual compensation of more than $120,000.
2023-09-12T18:13:00Z By Kyle Brasseur
Nine investment advisers agreed to pay a total of $850,000 in penalties across separate settlements with the Securities and Exchange Commission addressing alleged violations of the agency’s amended marketing rule.
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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