- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Adrianne Appel2023-03-29T17:02:00
Brazilian mining company Vale agreed to pay $55.9 million to settle Securities and Exchange Commission (SEC) charges it issued false and misleading statements regarding the safety conditions of its dams.
Vale, one of the world’s largest iron ore producers, hid in public disclosures filed with the SEC between October 2016 and December 2018 evidence that its dams, most notably its Brumadinho dam, did not meet safety standards, according to the agency’s complaint published last April. The Brumadinho dam collapsed in January 2019, killing 270 people.
The settlement, announced Tuesday, is subject to approval by the U.S. District Court for the Eastern District of New York. Vale would pay a $25 million penalty and disgorgement and prejudgment interest of $30.9 million.
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2023-10-24T22:21:00Z By Kyle Brasseur
BlackRock Advisors agreed to pay $2.5 million as part of a settlement with the Securities and Exchange Commission addressing allegations the firm inaccurately described investments a fund it advised made in a now-defunct film production company.
2023-04-19T16:46:00Z By Jeff Dale
New York-based investment adviser Betterment agreed to pay $9 million to settle charges levied by the Securities and Exchange Commission over material misstatements and omissions related to its automated tax loss harvesting service.
2022-12-20T14:00:00Z By Ingrida Kerusauskaite and Rory Donaldson, for International Compliance Association
A report from Transparency International UK sets out the case for why business integrity and corruption should be considered as core issues in the context of impact environmental, social, and governance investing.
2025-05-22T14:37:00Z By Aaron Nicodemus
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.
2025-05-20T12:30:00Z By Oscar Gonzalez
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.
2025-05-16T19:24:00Z By Oscar Gonzalez
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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