By Jeff Dale2024-03-22T20:10:00
The Securities and Exchange Commission (SEC) charged a New York-based attorney for allegedly engaging in improper conduct by violating her obligations to remain independent after preparing an independent compliance report for a company.
Ellen McCarthy agreed to an order suspending her from appearing or practicing before the commission, the SEC said in an administrative proceeding Thursday.
McCarthy violated the independence requirement related to her work as an engagement manager retained by an unnamed independent consultant hired by Manhattan Transfer Registrar Company after a 2018 settlement the company reached with the SEC, according to the agency’s order.
2024-05-08T16:57:00Z By Kyle Brasseur
A Securities and Exchange Commission action against former registered investment adviser Gainvest Legal Corp. yielded a notable takeaway for others in the industry engaging consultants for compliance program support.
2024-03-25T20:14:00Z By Kyle Brasseur
Advisor Resource Council agreed to pay a $300,000 penalty to resolve charges levied by the Securities and Exchange Commission of compliance failures exacerbated by staffing woes.
2024-03-18T19:48:00Z By Adrianne Appel
Delphia USA and Global Predictions agreed to pay a total of $400,000 to settle charges by the Securities and Exchange Commission the firms each engaged in artificial intelligence misrepresentations that misled clients about how they were using the technology.
2025-07-31T18:47:00Z By Adrianne Appel
More than 50 people and 50 ships connected to a top Iranian official were added to the U.S. Treasury’s sanctions list on Wednesday, according to the Office of Foreign Assets Control.
2025-07-31T16:44:00Z By Adrianne Appel
Kentucky took aim at Chinese company Temu, alleging in a lawsuit that it counterfeited popular Kentucky-designed merchandise and violated customers’ privacy.
2025-07-30T17:56:00Z By Aly McDevitt
The Department of Labor is using poultry processing company Mar-Jac Poultry as an example of what will happen when companies repeatedly employ underage workers in hazardous conditions. Hint: Companies can’t pin the blame on staffing agencies.
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