- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Kyle Brasseur2023-11-21T21:13:00
Rio Tinto consented to pay a $28 million fine to resolve charges levied by the Securities and Exchange Commission (SEC) alleging the mining company and its executives committed fraud by inflating the value of coal assets.
The U.S. District Court for the Southern District of New York entered final judgments against Rio Tinto plc and Rio Tinto Limited on Monday, the SEC announced in a litigation release.
In October 2017, the SEC charged Rio Tinto, former Chief Executive Thomas Albanese, and former Chief Financial Officer Guy Elliott with violating the antifraud, reporting, books and records, and internal controls provisions of the federal securities laws. Albanese will pay a $50,000 penalty as part of his judgement, while the case against Elliott remains ongoing.
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2025-03-12T16:01:00Z By Adrianne Appel
Two executives at New York-based Momentum Advisors, including the firm’s chief compliance officer, allegedly misappropriated more than $220,000, the Securities and Exchange Commission said.
2024-06-28T14:57:00Z By Aaron Nicodemus
The Supreme Court of the United States ruled that the Securities and Exchange Commission’s practice of using in-house tribunals overseen by an administrative judge to adjudicate securities fraud cases is unconstitutional.
2024-05-13T17:22:00Z By Kyle Brasseur
Restaurant operator FAT Brands said it would contest charges announced by the Department of Justice regarding violations of the Sarbanes-Oxley Act related to personal loans made to executive officers.
2025-04-22T12:00:00Z
The Federal Trade Commission (FTC) filed a lawsuit against Uber, alleging the ride-hailing company signed customers up for its Uber One subscription without consent, then made it hard for them to cancel. The move marks the U.S. government’s latest broadside against big tech companies, and the first major action from ...
2025-04-18T17:45:00Z By Oscar Gonzalez
The U.S. Consumer Financial Protection Bureau continues to unravel amid pressure from Trump administration officials to shutter the agency. Not only has the agency informed its employees that it will no longer be a watchdog for the financial services industry, it has also laid off employees despite court orders blocking ...
2025-04-15T07:30:00Z By Aaron Nicodemus
The Consumer Financial Protection Bureau dropped yet another consumer protection lawsuit against a bank or fintech provider since Donald Trump was sworn in as president in January. This time, it was with Comerica Bank.
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