The Australian Securities and Investments Commission (ASIC) has announced that it has fined the following financial services providers for making potentially misleading representations to consumers:
The United States Commodity Future Trading Commission (CFTC) has announced that it has ordered (15 September 2014) Morgan Stanley Smith Barney (Morgan Stanley) to pay disgorgement and a US$280,000 penalty after finding that the futures commission merchant "failed to diligently supervise" workers' opening and handling of accounts held in the name of a group of entities that purported to have operations in a jurisdiction deemed "high-risk" under Morgan Stanley's compliance procedures.
The New Zealand Commerce Commission has announced that Horizon Energy has agreed to "reduce its future earnings" as part of a settlement agreement, after the electricity distributor exceeded its annual price path by NZ$645,686 or approximately 3% in 2011-12.
The United Kingdom Financial Conduct Authority (FCA) has announced that it has fined (21 August 2014) Deutsche Bank's London branch (Deutsche) £4,718,800 for "incorrectly reporting transactions between November 2007 and April 2013".
New York State Attorney General Eric Schneiderman has announced a settlement agreement (undated) reached between Bank of America Corporation and two associated entities (together, BofA) and several United States federal and state authorities, the largest settlement in US history to be reached with one institution.
The United States Environmental Protection Agency (EPA) has announced that it has "end[ed] a decade of administrative and judicial proceedings by EPA and [the US Department of Justice]" with a settlement agreement under which fuel retailing business owner Robert Duncan and associated companies have paid almost US$2.9 million.
The Australian Securities and Investments Commission (ASIC) has made available documents setting out additional licence conditions imposed on the following Commonwealth Bank of Australia Group (CBA) entities (both undated).
The United States Senate Committee on Banking, Housing and Urban Affairs has made available the testimony of individuals on the first panel of witnesses for its hearing Examining the GAO Report on Expectations of Government Support for Bank Holding Companies held on 31 July 2014.
The United States Securities and Exchange Commission (SEC) has announced charges (both dated 30 July 2014) under the Sarbanes-Oxley Act against the following individuals associated with computer equipment company QSGI:
The United States District Court for the Southern District of New York has ordered Bank of America Corp (BofA) to pay a US$1.27 billion penalty for fraud. The ruling reportedly relates to a lending program of Countrywide Financial Corporation (Countrywide), which was acquired by BofA in 2008.
- Anti-Bribery & Anti-Corruption (32)
- Anti-Money Laundering (1)
- Authors (34)
- Business Ethics & Corporate Culture (28)
- Careful Communication & Proper Use of Computers (3)
- Code of Conduct (3)
- Competition (8)
- Compliance & Ethics Learning (1)
- Compliance & Ethics Risk Management (11)
- Compliance Programs -- In Practice (37)
- Confidentiality & Intellectual Property (5)
- Conflicts of Interest (2)
- Consumer Protection (0)
- Corporate Responsibility & Sustainability (1)
- Employment & Workplace Issues (12)
- Environment, Health & Safety (9)
- European Perspective (4)
- Financial Integrity (1)
- Government Contracting (6)
- GRC Technology (0)
- Information Security (2)
- Insider Trading (5)
- Other (3)
- Privacy & Data Protection (15)
- Records Management (0)
- Respect in the Workplace (0)
- Risk Management (8)
- Providing employees with a framework for ethical… Written by Jamie McKillop 2012-01-18 01:36:42 Improving Organizational Behavior (Expert Commentaries)
- Many companies find sexual harassment to be… Written by Jamie McKillop 2012-01-18 01:35:35 Employment Law Regarding Harassment (Expert Commentaries)
- Vignettes and enactments are effective tools in… Written by Mary Snyder 2012-01-12 17:15:57 Employment Law Regarding Harassment (Expert Commentaries)