Risk & Compliance

Three Charged in $4.7M Insider Trading Case
Risk & Compliance

Three Charged in $4.7M Insider Trading Case

The SEC says David Schottenstein and two of his close friends traded in advance of announcements involving companies with which his family was associated.
By Matthew Heller | January 7, 2022
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COVID-19 Costs Insurance Sector $44 Billion
Risk Management

COVID-19 Costs Insurance Sector $44 Billion

Initial projections of more than $100 billion in losses now look "improbable," in part due to COVID exclusions in many P&C policies.
By Matthew Heller | January 5, 2022
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Taxicab Lender Manipulated Its Valuation and Touted Stock Illegally: SEC
Risk & Compliance

Taxicab Lender Manipulated Its Valuation and Touted Stock Illegally: SEC

Medallion Financial and its chief operating officer allegedly directed two separate schemes to inflate the company’s stock price.
By Vincent Ryan | January 5, 2022
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SEC Allows Apple Shareholder Vote on NDAs
Risk & Compliance

SEC Allows Apple Shareholder Vote on NDAs

An activist investor has proposed that Apple's board review the company's use of non-disclosure agreements and other concealment clauses.
By Matthew Heller | December 23, 2021
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SEC Issues Risk Disclosure Guidance for Chinese Issuers
Risk & Compliance

SEC Issues Risk Disclosure Guidance for Chinese Issuers

“Recent events have highlighted the risks associated with investing in companies that are based in or that have the majority of their operations" in China.
By Matthew Heller | December 22, 2021
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Thieves Nab $100M in Pandemic Relief Funds
Risk & Compliance

Thieves Nab $100M in Pandemic Relief Funds

The Secret Service says funds from CARES Act programs including the PPP were stolen by individuals and organized criminal networks worldwide.
By Matthew Heller | December 22, 2021
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Nikola Fined $125M for Investor Fraud
Risk & Compliance

Nikola Fined $125M for Investor Fraud

The SEC says the electric vehicle maker misled investors about key aspects of its business, including its technology and a partnership with General Motors.
By Matthew Heller | December 21, 2021
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Walmart Sued for Illegal Toxic Waste Disposal
Risk & Compliance

Walmart Sued for Illegal Toxic Waste Disposal

California officials allege the retail giant unlawfully disposes of more than one million items of hazardous waste each year in the state.
By Matthew Heller | December 21, 2021
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Ex-McDonald’s CEO Repays $105M Severance Deal
Risk & Compliance

Ex-McDonald’s CEO Repays $105M Severance Deal

The company had sued Steve Easterbrook for deceiving it into making the payout when it fired him for sexual misconduct.
By Matthew Heller | December 16, 2021
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SEC Proposes Tighter Insider Trading Rule for Execs
Risk & Compliance

SEC Proposes Tighter Insider Trading Rule for Execs

The proposal addresses the safe harbor for CFOs and other corporate executives who make trades as part of a pre-announced portfolio management plan.
By Matthew Heller | December 15, 2021
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Large Employers Hesitant About Vax Mandate
Risk & Compliance

Large Employers Hesitant About Vax Mandate

“The majority of employers are really in wait-and-see-mode" amid legal challenges to the Biden administration's COVID-19 vaccine rule.
By Matthew Heller | December 14, 2021
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FDIC Leaders Clash Over Bank Merger Policy
Risk & Compliance

FDIC Leaders Clash Over Bank Merger Policy

A move by two Democrats on the FDIC board to launch a review of merger policy indicates “a remarkable breakdown in trust among leaders" of the agency.
By Matthew Heller | December 10, 2021
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SEC Chief Outlines Possible SPAC Reforms
Risk & Compliance

SEC Chief Outlines Possible SPAC Reforms

“Functionally, the SPAC target IPO is akin to a traditional IPO. Thus, investors deserve the protections they receive from traditional IPOs."
By Matthew Heller | December 9, 2021
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American Renal Execs Charged With Manipulating Revenue
Risk & Compliance

American Renal Execs Charged With Manipulating Revenue

The SEC says the dialysis provider improperly recognized “topside” adjustments in revenue to hit targets for two key financial metrics.
By Matthew Heller | December 7, 2021
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SEC Finalizes Rules on Chinese Issuers
Regulation

SEC Finalizes Rules on Chinese Issuers

The commission will use the rules to apply a law that allows it to delist issuers for failing to open their books to the PCAOB.
By Matthew Heller | December 3, 2021
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