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Nitric Acid Manufacturer to Reduce Emissions

26 Mar 2014
Written by World Watch

The United States (US) Environmental Protection Agency (EPA) and Department of Justice (DoJ) have jointly announced that concentrated nitric acid manufacturer LSB Industries has agreed to "reduce harmful emissions of nitrogen oxides ... by meeting emission limits that are among the lowest for the industry in the nation".

The United States (US) Equal Employment Opportunity Commission (EEOC) has announced that Wal-Mart Stores East has agreed to pay US$363,419 and "commit to significant injunctive relief" to settle charges that it breached federal law by "allowing a co-worker to sexually harass Jamie Wells, an intellectually disabled employee".

The United States (US) Equal Employment Opportunity Commission (EEOC) has announced that a federal court judge has held that farm labour contractor Global Horizons is "liable for the pattern or practice of harassing, discriminating, and retaliating against hundreds of Thai workers in the US, in [breach] of federal anti-discrimination laws".

The United States (US) Department of Justice (DoJ) has announced that two individuals have pleaded guilty to conspiring to commit criminal copyright infringement in relation to a scheme that "distributed more than one million copies of copyrighted apps with a total retail value of more than [US]$700,000".

The United States (US) Department of Justice (DoJ) and Federal Trade Commission (FTC), and the Canada Competition Bureau have jointly issued Best practices on cooperation in merger investigations (March 2014), which covers the agencies' cooperative practices, with reference to their bilateral nature.

Published in Competition

The United States (US) Federal Housing Finance Agency (FHFA), as conservator of the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), has announced a US$9.3 billion settlement with Bank of America Corporation (BofA) over alleged breaches of securities laws relating to private-label, residential mortgage-backed securities purchased by Fannie Mae and Freddie Mac between 2005 and 2007, as well as a number of allegations of common law fraud.

The United States (US) Attorney's Office for the Southern District of New York (the Office) has announced that a US federal court jury has found four individuals guilty of "all 31 counts in connection with their long-time employment at Bernard L Madoff Investment Securities".

Published in Financial Integrity

Broker-dealer Fined for Inadequate Review System

26 Mar 2014
Written by World Watch

The United States (US) Financial Industry Regulatory Authority (FINRA) has announced that it has fined LPL Financial US$950,000 for "supervisory deficiencies related to the sales of alternative investment products".

The United States (US) Attorney's Office for the Southern District of New York (the Office) has announced that Eastman Kodak Company (Kodak) has entered into settlement agreements that resolve environmental liabilities, including, as stated by US Attorney Preet Bharara, "more than a century of pollution by Kodak at the Eastman Business Park and Rochester's Genesee River".

The United States (US) Commodity Futures Trading Commission (CFTC) has made available an Order (18 March 2014) settling the disclosure-related charges against former Barclay Metals Inc (Barclay) principal Sean Stropp by requiring him to pay a US$250,000 civil monetary penalty and permanently banning him from trading on or under any registered entity.

Published in Financial Integrity

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