- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Jeff Dale2023-09-19T20:42:00
The Securities and Exchange Commission (SEC) announced charges against a New York firm and its owner for operating as an unregistered investment adviser to a lone client: a sanctioned Russian oligarch.
Michael Matlin, owner and principal of Concord Management, founded the firm in 1999 to provide investment advice for compensation and to supervise and manage the client’s investments in U.S.-based private funds, the SEC said in a press release Tuesday.
From at least 2012 through March 2022, Concord and Matlin sourced, arranged, and monitored hundreds of investments in private equity and hedge funds on behalf of the client, according to the SEC’s complaint, filed in U.S. District Court for the Southern District of New York.
2023-08-31T15:09:00Z By Kyle Brasseur
U.K.-based foreign exchange service Wise Payments was cited for breaching the country’s sanctions levied against Russia as part of the Office of Financial Sanctions Implementation’s first use of its disclosure enforcement powers acquired last year.
2023-08-15T20:59:00Z By Jeff Dale
Freedom Holding Corp. was accused of “brazen sanctions evasion,” along with openly flouting anti-money laundering and know your customer regulations, as part of an investigative report published by short seller Hindenburg Research.
2023-04-27T20:12:00Z By Adrianne Appel
New York attorney Robert Wise faces up to five years in prison after pleading guilty to making payments to maintain U.S. properties secretly owned by sanctioned Russian oligarch Viktor Vekselberg.
2025-07-07T19:02:00Z By Aaron Nicodemus
The Consumer Financial Protection Bureau has dropped a $95 million enforcement action against Navy Federal Credit Union, the latest regulatory pullback by the agency under President Donald Trump.
2025-07-07T17:45:00Z By Neil Hodge
The UK’s financial regulator has had a rough ride over the past couple of years as its strategy to “name and shame” firms it opened investigations into was widely slammed by the industry and lawmakers over concerns that companies could be unfairly maligned.
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.
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