- 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.
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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.
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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.
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The Federal Trade Commission has ordered web hosting company GoDaddy to implement a “robust” information security program following at least three data breaches that the agency said were aided by lax cybersecurity measures.
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The U.S. Federal Trade Commission (FTC) took action against a pair of student loan debt relief companies for allegedly deceiving borrowers. The move came despite the Trump administration’s broader efforts to roll back enforcement actions against businesses since taking office.
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After dismissing its lawsuit against the crypto exchange Coinbase in March, a second investigation into the exchange by the Securities and Exchange Commission has surfaced, according to a report from the New York Times. This comes as a bit of a surprise after the Trump administration has been scaling down ...
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