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Supreme Court Rejects Workplace Vaccine Mandate
The U.S. Supreme Court delivered a major blow to the Biden administration’s anti-COVID 19 efforts on Thursday, striking down its vaccine-or-test mandate for large businesses. The court’s six conservative justices said the mandate exceeded the authority of the Occupational Safety and Health Administration to issue emergency regulations to protect workers from “grave danger” that is
By
CFO Editorial Staff
| January 18, 2022
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Supreme Court Rejects Workplace Vaccine Mandate
The U.S. Supreme Court delivered a major blow to the Biden administration’s anti-COVID 19 efforts on Thursday, striking down its vaccine-or-test mandate for large businesses. The court’s six conservative justices said the mandate exceeded the authority of the Occupational Safety and Health Administration to issue emergency regulations to protect workers from “grave danger” that is
By
CFO Editorial Staff
| January 18, 2022
Read More
Legal
How to Make a Good Impression in Bankruptcy Court
How a debtor presents its cash flows and income to the judge influences whether it gets sufficient time for a chapter 11 reorganization.
By
Vincent Ryan
| December 1, 2021
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Risk & Compliance
Hemp Startup Founders Accused of Stock Fraud
The SEC says the two founders of CanaFarma Hemp Products raised $15 million by making false statements about the "farm to table" company.
By
Matthew Heller
| October 6, 2021
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Risk & Compliance
Ex-Goldman Compliance Analyst Accused of Insider Trading
The SEC says a Spanish national abused his position in Goldman's compliance unit to make more than $471,000 in profits from insider trades.
By
Matthew Heller
| September 29, 2021
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Risk & Compliance
Wells Fargo Fined $37M Over Forex Fraud
The bank's sales specialists allegedly charged forex customers higher markups on transactions than they represented the bank would charge.
By
Matthew Heller
| September 28, 2021
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Risk & Compliance
Ad Giant WPP Fined $19M for FCPA Violations
The SEC says the company failed to properly supervise subsidiaries in foreign countries, resulting in bribery and other illicit schemes.
By
Matthew Heller
| September 24, 2021
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Risk & Compliance
Ex-Controller Testifies in Trial of Theranos CEO
So Han Spivey said Theranos provided investors with revenue projections that did not match the reality of its finances.
By
Matthew Heller
| September 15, 2021
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Risk & Compliance
App Annie Fined $10 Million for Misusing Data
The SEC says the mobile data and analytics firm used confidential information from app developers to induce trading firms to become subscribers.
By
Matthew Heller
| September 15, 2021
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Risk & Compliance
Kraft Heinz Fined $62M for Accounting Fraud
The SEC says the company's procurement division improperly recorded nearly 300 transactions to deliver unrealistic cost savings and inflate profits.
By
Matthew Heller
| September 3, 2021
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Risk & Compliance
Capital One CEO Fined for Antitrust Violations
The FTC says Richard Fairbank failed to comply with requirements of the Hart-Scott-Rodino Act when he acquired Capital One shares in 2018.
By
Matthew Heller
| September 2, 2021
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Technology
BitConnect Charged With $2B Crypto Fraud
The crypto exchange platform allegedly misrepresented to investors that it would deploy their funds to trade bitcoin using a proprietary bot.
By
Matthew Heller
| September 2, 2021
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Technology
Apple Settles App Makers’ Suit for $100 Million
The settlement of the antitrust class action also includes changes to App Store rules that prevented developers from billing customers directly.
By
Matthew Heller
| August 30, 2021
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Risk & Compliance
Ex-HeadSpin CEO Charged With Lying to Investors
The SEC says Manish Lachwani inflated the value of deals with customers to achieve high valuations for the mobile app testing startup.
By
Matthew Heller
| August 26, 2021
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Risk & Compliance
Healthcare Services Group Fined Over Accounting
CFO John Shea allegedly failed to record loss contingencies from legal liabilities, enabling HCSG to report inflated earnings and consistent growth.
By
Matthew Heller
| August 24, 2021
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Risk & Compliance
FTC Revives Antitrust Suit Against Facebook
In an amended complaint, the commission seeks to bolster its allegations that Facebook has abused a monopoly position in social networking.
By
Matthew Heller
| August 19, 2021
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