The United States Department of Justice (DoJ) and the US Attorney's Office for the Southern District of New York (SDNY) have jointly announced that France-based bank BNP Paribas has agreed to plead guilty to conspiring to breach US economic sanctions laws by processing billions of US dollars' worth of transactions through the US financial system on behalf of sanctioned Sudanese, Iranian, and Cuban entities.
The United States Department of Justice (DoJ) has made available Order #1 (undated) settling allegations that GE Capital Retail Bank (Synchrony Bank) "engaged in a nationwide pattern or practice of discrimination by excluding Hispanic borrowers from two of its credit card debt-repayment programs".
The United States National Transportation Safety Board (NTSB) has released a summary (24 June 2014) of its report and recommendations in relation to the accident involving Asiana Airlines Flight 214 at San Francisco International Airport on 6 July 2013.
The Australian Securities and Investments Commission (ASIC) has announced that Newcrest Mining (Newcrest) has admitted contraventions of the Corporations Act 2001 No. 50 (Cth) involving the selective disclosure of market-sensitive information to analysts and failing to disclose this information to the relevant bourse.
The United States Securities and Exchange Commission (SEC) has made available an order (16 June 2014) under which hedge fund advisory firm Paradigm Capital Management and owner Candace Weir have agreed to pay US$2.2 million to settle charges that they "engag[ed] in prohibited principal transactions and then retaliat[ed] against the employee who reported the [prohibited] trading activity to the SEC". The case is the first to be filed under the SEC's "new authority to bring anti-retaliation enforcement actions".
The United States Commodity Futures Trading Commission (CFTC) has announced that the US District Court has ordered (9 June 2014) New York City-based commodity pool operator SK Madison Commodities and its principals Michael Seward and Yan Kaziyev to pay restitution and fines totaling more than US$3.5 million and permanently banning them from the industry.
The United States Federal Trade Commission (FTC) has made available a proposed settlement agreement (9 June 2014), which requires supplement marketers i-Health, Inc and Martek Biosciences Corporation to desist from claiming that certain products prevent cognitive decline or improve memory unless those claims are truthful or supported by human clinical testing.
TransCanada Corporation (TransCanada) has made available its 2013 Corporate Social Responsibility Report (undated). The report is structured around ten focus areas, including ethical conduct, health and safety, protecting communities, environmental protection and Aboriginal, Native American and Indigenous peoples.
The United States Equal Employment Opportunity Commission (EEOC) has announced that SPOA, LLC and Marathos, LLC, which run a number of Basta Pasta restaurants, have agreed to pay US$200,000 to settle sexual harassment charges, and will additionally provide further "significant" equitable relief.
The United States Equal Employment Opportunity Commission (EEOC) has announced that it has charged Wisconsin Plastics, Inc (WPI) with violations of Title VII of the Civil Rights Act of 1964, which relates to discrimination based on national origin. Specifically, the EEOC has alleged that WPI fired a group of employees with Hispanic or Hmong origins after they underwent ten-minute observations of their English skills.
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