The Autorité de la concurrence has imposed a hefty fine of €250 million on Alphabet Inc., Google LLC, Google Ireland Ltd, and Google France, collectively referred to as "Google." This fine comes as a consequence of Google's failure to comply with certain commitments outlined in Decision 22-D-13 of 21 June 2022.
Genesis Global Capital, LLC has agreed to a final judgment ordering it to pay a $21 million civil penalty to the Securities and Exchange Commission (SEC). This settlement comes in response to charges levied against Genesis for engaging in the unregistered offer and sale of securities through its crypto asset lending program, the Gemini Earn program.
The Commodity Futures Trading Commission (CFTC) has taken action against U.S. Bank, N.A., and Oppenheimer & Co., Inc., holding them accountable for breaches in recordkeeping and supervision requirements. The CFTC issued orders against the two financial institutions, alleging their failure to maintain and preserve essential records and to diligently supervise matters related to their businesses as CFTC registrants.
The Securities and Exchange Commission (SEC) has brought forth charges against two investment advisers, Delphia (USA) Inc. and Global Predictions Inc., for allegedly making false and misleading statements regarding their use of artificial intelligence (AI). The regulatory authority revealed that both firms have agreed to settle the charges, collectively agreeing to pay $400,000 in total civil penalties.
The Commodity Futures Trading Commission (CFTC) announced today an award of approximately $1.25 million to a whistleblower. This individual had reported misconduct to the CFTC after initially raising concerns internally within their organization.
The Office of the Comptroller of the Currency (OCC) has levied a $250 million civil money penalty against JPMorgan Chase Bank, N.A. (JPMC) for deficiencies identified in its trade surveillance program. The penalty, announced today, reflects the OCC's findings of shortcomings in JPMC's trading venue coverage and data controls essential for an effective trade surveillance program.
The Securities and Exchange Commission (SEC) has announced insider trading charges against Roy Cook, a former board member of Tallgrass Energy LP, and four associates. The charges stem from their alleged trading on material nonpublic information ahead of a public announcement of Blackstone Infrastructure Partners' acquisition offer for Tallgrass. The SEC also accuses Cook of failing to file required disclosure reports related to securities transactions by family trusts. All five defendants have agreed to settlements totaling over $2.2 million in disgorgement, prejudgment interest, and civil penalties.