- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Adrianne Appel2024-06-26T13:54:00
A Nevada energy and manufacturing company headquartered in Nova Scotia agreed to pay $1 million to the Securities and Exchange Commission (SEC) for allegedly violating internal accounting controls, while the agency further investigates the former CEOs.
Meta Materials violated the antifraud, reporting, internal accounting controls, and books and records provisions of federal securities laws, the SEC announced in a press release Tuesday. The company’s former CEOs John Brda and George Palikaras violated antifraud and proxy disclosure provisions, the agency added, with Brda allegedly aiding and abetting the company’s aforementioned violations.
The SEC seeks permanent injunctions, officer-and-director bars, and civil penalties from the former CEOS, along with disgorgement and prejudgment interest from Brda, according to a complaint, filed in U.S. District Court for the Southern District of New York.
THIS IS MEMBERS-ONLY CONTENT. To continue reading, choose one of the options below.
News and analysis for the well-informed compliance or audit exec. Select an option and click continue.
Annual Membership $499 Value offer
Full price one year membership with auto-renewal.
Membership $599
One-year only, no auto-renewal.
Registered investment adviser Anson Funds Management and exempt reporting adviser Anson Advisers will combine to pay more than $2 million for allegedly misleading investors about their short fund strategy and related recordkeeping violations.
The former chief executive officer of closed AI recruitment startup Joonko faces up to 40 years in prison and the potential of penalties levied by the Securities and Exchange Commission for allegedly defrauding investors of more than $27 million.
A lack of supervision and internal controls at Morgan Stanley Smith Barney allowed four of its investment advisers to steal millions from customers before the behavior was detected, the SEC said in charging the firm.
A subsidiary of McKinsey & Co. will pay nearly $123 million to the Department of Justice to settle allegations that it bribed officials in South Africa to win consulting contracts.
A defamation lawsuit filed by a whistleblower against USAA, which a Florida judge recently dismissed on a technicality, revealed in public court records an estimated 400,000 violations of the Military Lending Act by USAA Federal Savings Bank (USAA Bank), an indirect wholly owned subsidiary of USAA.
