All United States articles – Page 18
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News BriefRobinhood to pay $45M fine to settle securities law violations by broker-dealers
Robinhood, a disruptive force in the market for Main Street investors but also a serial offender of securities laws, will pay a total of $45 million to settle numerous violations of SEC rules and regulations by two of its broker-dealers.
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News BriefNew CFPB payment privacy rule on the way for gaming companies, cryptocurrencies, Big Tech
The Consumer Financial Protection Bureau has issued a proposed rule aimed at protecting the privacy of the public when using novel digital payment systems, such as those offered by large technology platforms and video gaming companies.
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News BriefBroker-dealer BMO Capital Markets to pay $41M to settle trade supervision lapses
A broker-dealer subsidiary of Toronto-based BMO Financial Group will pay nearly $41 million in penalties to the Securities and Exchange Commission to settle allegations that its traders issued misleading disclosures on bonds for three years, causing $19 million in harm to its customers.
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CCC names Cambridge University Press & Assessment GC to board
Copyright Clearance Center announced the election of Catie Sheret, general counsel for Cambridge University Press & Assessment to its board of directors.
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Corebridge Financial adds GC
Corebridge Financial announced that Polly Klane will join the company as general counsel in February.
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Falvey Insurance Group names CRO
Falvey Insurance Group announced the appointment of Eric Newman as chief risk officer.
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News BriefCannabis company dinged by SEC over ‘round-trip’ transfer to inflate year-end cash
A cannabis company agreed to pay $225,000 to settle allegations that funds were temporarily deposited into its year-end accounts for the sole purpose of inflating year-end cash, the Securities and Exchange Commission said.
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News BriefExperian failed to correct flawed financial data about consumers, CFPB complaint alleges
Experian, the credit reporting giant, let compliance slide when it came to addressing consumer complaints about incorrect data, the Consumer Financial Protection Bureau said in a lawsuit against the credit agency.
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Welltower names legal chief
Real estate investment trust Welltower announced that Matthew McQueen has been appointed chief legal officer after previously serving as executive vice president – general counsel.
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Goya Foods appoints new GC
Goya Foods announced the appointment of Jesús Vázquez as its new general counsel.
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Tyler Technologies names new legal chief
Tyler Technologies announced that Bill Van Asselt has been promoted to chief legal officer and assumes direct leadership of the legal team.
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APA Corporation adds legal chief
APA Corporation, which owns consolidated subsidiaries that explore for and produce oil and natural gas in the United States, Egypt and the United Kingdom, has named Kimberly Warnica to the position of executive vice president and chief legal officer, effective Jan. 13.
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Goldman Sachs names CRO
The Goldman Sachs Group announced the appointment of Alex Golten as chief risk officer of the firm.
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Incline P&C Group appoints risk chief
Incline P&C Group, a property and casualty insurance program market services firm, announced the appointment of Sheel Patel as chief risk and strategy officer.
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Stratus Financial announces CRO
Stratus Financial announced the appointment of Sajal Agarwal as the company’s new chief risk officer.
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Paxos compliance head joins Guidepost Solutions as managing director
Business services and consulting company Guidepost Solutions announced the appointment of Paxos Head of Compliance Gabriel Hidalgo as managing director.
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News BriefCFPB rule bans lenders from using medical debt in credit report determinations
Banks and other lenders will be prohibited from using medical debt information in credit reports, under a new rule finalized by the Consumer Financial Protection Bureau, the agency said.
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News BriefSkyGeek dinged by OFAC for completing orders, refunds with sanctioned Russian firms
Nearly three years after Russia invaded Ukraine, numerous U.S. sanctions imposed on Russia-based companies connected to the war effort have made doing business in the country fraught with unseen risks, as one U.S. airplane parts distributor learned recently.
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News BriefBerkshire Hathaway mortgage unit led mobile home buyers needlessly into foreclosure, CFPB says
A Berkshire Hathaway unit that is a major lender to people buying mobile homes intentionally failed to qualify borrowers, the Consumer Financial Protection Bureau alleged in a complaint. As a result, many families ultimately lost their homes and sank into debt, echoing a series of events that helped power the ...
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News BriefFINRA ends year with string of fines against Jefferies, UBS, Citi, Barclays
The Financial Industry Regulatory Authority issued fines against four large banks to end 2024, all for different alleged misconduct, but all related to the firms’ failures to implement a supervisory system reasonably designed to achieve compliance with FINRA rules.