The Securities and Exchange Commission announced that Deere & Company, which does business as John Deere, agreed to pay nearly $10 million to resolve SEC charges that it violated the Foreign Corrupt Practices Act (FCPA) arising out of bribes paid by its...

Press Release A federal jury convicted four pharmacy owners yesterday for conspiracy to commit health care fraud and wire fraud. According to court documents and evidence presented at trial, Raef Hamaed, of Maricopa County, Arizona; Kindy Ghussin, of Greene County, Ohio; Ali Abdelrazzaq,...

Morgan Stanley agreed to pay $2 million to settle the investigation by the Massachusetts securities regulator. The Massachusetts Securities Division investigation found that Morgan Stanley failed to ensure that First Republic’s then-Executive Chairman James Herbert II, whose trades matched details in the consent order,...

On August 1, 2024, Principal Deputy Assistant Attorney General Nicole M. Argentieri unveiled a significant new initiative: Corporate Whistleblower Awards Program. This program represents a strategic enhancement to the Department of Justice’s (DOJ) enforcement capabilities and aims to fortify corporate accountability across multiple sectors.

The Securities and Exchange Commission announced that Austal USA, LLC, a Mobile, Alabama-based shipbuilder, and its Australia-based parent company, Austal Limited, have agreed to settle the SEC’s charges that the companies conducted a fraudulent revenue recognition scheme. As part of the settlement with the SEC, Austal USA will...

The Securities and Exchange Commission announced that Austal USA, LLC, a Mobile, Alabama-based shipbuilder, and its Australia-based parent company, Austal Limited, have agreed to settle the SEC’s charges that the companies conducted a fraudulent revenue recognition scheme. As part of the settlement...

The Securities and Exchange Commission today announced settled charges against New York-based registered investment adviser Sound Point Capital Management LP for failing to establish, maintain, and enforce written policies and procedures reasonably designed to prevent the misuse of material nonpublic information (MNPI) concerning its trading of collateralized loan...

Posted on August 26, 2024 According to the Wall street Journal, Chinese artificial-intelligence developers have concocted a way to Access and use America’s most advanced chips without bringing them to China. By working with brokers to access computing power overseas and by hiding their...

According to the Wall street Journal, Chinese artificial-intelligence developers have concocted a way to Access and use America's most advanced chips without bringing them to China. By working with brokers to access computing power overseas and by hiding their identities they can access servers that house Nvidia's most sophisticated and...

By Jeffrey A. Newman JD MBA WHAT ARE FINANCIAL ADVISERS' RESPONSIBILITIES REGARDING THE INTEREST PAID ON CASH SWEEP ACCOUNTS? The United States Securities and Exchange Commission is investigating allegations that Wells Fargo, Morgan Stanley and other Wall Street titans have been cheating...