- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Jeff Dale2023-07-05T17:53:00
A California-based manufacturer of smart windows avoided civil penalties after self-reporting apparent disclosure violations to the Securities and Exchange Commission (SEC).
View failed to disclose $28 million in projected warranty-related liabilities to address defects in its products, the SEC said in a press release Monday. The agency declined to fine the company because of the latter’s prompt remediation and cooperation.
View’s former Chief Financial Officer Vidul Prakash, however, faces SEC charges for his alleged failure to ensure disclosure of the warranty-related liabilities. The agency’s complaint against Prakash, filed in U.S. District Court for the Northern District of California, seeks permanent injunctions, civil penalties, and an officer-and-director bar.
You are not logged in and do not have access to members-only content.
If you are already a registered user or a member, SIGN IN now.
2023-08-16T19:14:00Z By Kyle Brasseur
Diversified holding company Ault Alliance agreed to pay $700,000 as part of a settlement with the Securities and Exchange Commission addressing allegations of misleading disclosures and reporting violations.
2023-06-21T14:06:00Z By Kyle Brasseur
Tool manufacturer Stanley Black & Decker avoided a civil penalty in settling with the Securities and Exchange Commission regarding alleged violations of executive perk disclosure rules.
2023-06-06T15:56:00Z By Kyle Brasseur
Electronic payments software company Cantaloupe agreed to pay a $1.5 million penalty to settle allegations of accounting fraud levied by the Securities and Exchange Commission arising from improper revenue recognition practices.
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.
Site powered by Webvision Cloud