The Securities and Exchange Commission (SEC) has charged Cantor Fitzgerald, L.P. with misleading investors over its handling of two special purpose acquisition companies (SPACs). The firm, which has agreed to pay a $6.75 million civil penalty to settle the case, found itself under scrutiny for bending the truth about its early dealings with potential merger targets.
Last month, Deloitte released a report analyzing potential pathways to decarbonizing the steel industry. The report highlights the critical role of the value chain and collaboration in achieving decarbonization, alongside key hurdles and potential solutions for progressing toward net-zero emissions.
ParkMobile recently reached a $32.8 million settlement over a data breach that affected 21 million users. This breach, which happened back in 2021, is a reminder of how much more needs to be done to protect our personal data, even with widely used platforms. For anyone working in IT security or risk management, this case raises some serious red flags about how we’re securing sensitive information.
On December 10, Hong Kong took a big leap toward shaping its future as a global leader in green finance by unveiling a new roadmap for sustainability disclosure. The plan outlines how the city will guide publicly accountable entities (PAEs) toward adopting the International Financial Reporting Standards - Sustainability Disclosure Standards (ISSB Standards), setting a clear path to full implementation by 2028.
the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has slapped Toronto-based Exchange Bank of Canada with a $2,457,750 penalty for failing to uphold key anti-money laundering (AML) and anti-terrorist financing rules.
France’s telecommunications giant, Orange, is facing a €50 million fine for embedding advertisements within users’ email inboxes—a move deemed a serious violation of privacy rights by the French Data Protection Authority (CNIL). The ruling, issued on November 14, 2024, underscores the growing intolerance for digital marketing practices that bypass user consent.
As the global financial landscape grapples with a series of profound challenges, the Austrian Financial Market Authority (FMA) is preparing for a busy and transformative year ahead. In a recent briefing, FMA Executive Directors Helmut Ettl and Eduard Müller highlighted their strategic priorities for 2025, emphasizing that Austria’s financial environment is unlikely to improve in the short term.