The U.S. Securities and Exchange Commission (SEC) has announced settled charges against three sales agents from StraightPath Venture Partners for engaging in unregistered broker activity. Anthony Guarino, Robert Seropian, and Frank Vecchio were charged with selling membership interests in LLCs that claimed to invest in pre-IPO company shares without proper registration.
The Commodity Futures Trading Commission (CFTC) has approved a final rule amending Regulation 4.7, which provides exemptions from certain compliance requirements for commodity pool operators (CPOs) and commodity trading advisors (CTAs).
Agricultural machinery giant John Deere has agreed to pay nearly $10 million to settle charges brought by the U.S. Securities and Exchange Commission (SEC) for violations of the Foreign Corrupt Practices Act (FCPA). The charges stem from a bribery scheme involving the company's Thai subsidiary, Wirtgen Thailand.
Wynn Las Vegas, a subsidiary of Wynn Resorts, Limited, has agreed to a staggering $130,131,645 forfeiture to settle criminal allegations that it conspired with unlicensed money-transmitting businesses to funnel funds for foreign gamblers. Announced by the U.S. Attorney's Office for the Southern District of California on September 6, 2024, the settlement is believed to be the largest forfeiture ever by a casino based on admissions of criminal wrongdoing.
The European Data Protection Board (EDPB) and the European Commission have announced a collaborative effort to develop guidance on the interplay between the General Data Protection Regulation (GDPR) and the Digital Markets Act (DMA).
Keurig Dr Pepper Inc., the beverage giant known for its popular single-serve coffee makers, has agreed to pay a $1.5 million penalty to settle charges brought by the Securities and Exchange Commission (SEC) over misleading recyclability claims about its K-Cup pods.
The Securities and Exchange Commission (SEC) today settled charges against nine registered investment advisers for violations of its Marketing Rule, a regulation designed to ensure transparency and honesty in financial advertisements. The firms involved were found to have made untrue or unsubstantiated claims, or published endorsements and third-party ratings that lacked required disclosures. The combined civil penalties for the violators total $1,240,000.