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.
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.
2025-08-29T17:48:00Z By Ruth Prickett
The U.K. will start cracking down on companies under the new Failure to Prevent Fraud law on Sept. 1, with the Crown Prosecution Service and Serious Fraud Office ready to enforce it.
2025-08-28T18:44:00Z By Adrianne Appel
The Trump administration has intensified its fight with California as the DOJ launched an investigation into whether the state’s environmental agency is violating federal law by pursuing racial equity.
2025-08-27T14:11:00Z By Adrianne Appel and Oscar Gonzalez
Synapse Financial Technologies, the troubled California fintech software provider, has agreed to let the Consumer Financial Protection Bureau (CFPB) eventually file a claim on its bankrupt estate.
Site powered by Webvision Cloud