- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Adrianne Appel2022-11-10T20:54:00
A general partner in a real estate investment fund agreed to pay $400,000 to settle allegations it failed to register the fund and take reasonable steps to verify investors were accredited, the Securities and Exchange Commission (SEC) announced Wednesday.
PIC Renegade Properties raised more than $54 million from 140 investors for the PICR Fund III between mid-2015 to 2019, the SEC said. Renegade solicited investors through a website, YouTube videos, and a press release.
Renegade advertised the funds would be used to buy and renovate single-family homes and then to rent or resell them for profits, the SEC alleged in its order.
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In striking down penalties against cryptocurrency mixer Tornado Cash for violating U.S. sanctions, a federal appeals court may have started to chip away at anti-money laundering regulations established by Democrats even before President-elect Donald Trump takes office.
GeneDx, which delivers personalized and actionable health insights to inform diagnosis, direct treatment, and improve drug discovery, announced the appointment of Heidi Chen as chief legal officer.
Ionic Digital announced the appointment of Laura Schnaidt to the role of chief legal officer.
The U.K. Financial Conduct Authority fined the London branch of Australian-based Macquarie Bank Limited more than 13 million pounds (U.S. $16.3 million) for “serious control failures” that allowed a trader to conceal hundreds of fictitious trades over a 20-month period.
French defense and aviation contractor Thales Group is under investigation by authorities in the U.K. and France for allegedly participating in bribery and corruption.
Hedge fund manager Scott Bessent, named by Donald Trump on Friday as his nominee for Treasury Secretary, has a clear mandate to deregulate the financial markets should he take the helm.
