U.S. Securities and Exchange Commission
Under Armour CFO Warned of Possible SEC Action
The sneaker company says David Bergman received a Wells Notice indicating he is facing an enforcement action over its accounting practices.
SEC Approves Final Rules on Proxy Advisors
The measures will "harm the governance process and suppress the free and full exercise of shareholder voting rights," a dissenting commissioner says.
Alexion Fined $21M in Foreign Corruption Probe
The SEC says the biotech firm made improper payments to Turkish and Russian officials to secure favorable treatment for its main drug.
Telegram to Return $1.2B to ICO Investors
The messaging startup agreed to return the funds to settle charges that its digital asset offering was an unregistered sale of securities.
AmTrust, Ex-CFO Fined for Improper Disclosure
The SEC says former finance chief Ronald Pipoly failed to properly disclose the company’s process for reporting management’s best estimate of loss reserves.
Argo Group Fined Over Perks to ‘Bon Vivant’ CEO
The SEC says the insurer failed to disclose more than $5.3 million in perks that it provided to former CEO Mark Watson from 2014 through 2018.
Aviron Pictures Founder Accused of $25M Fraud
The SEC says William Sadleir defrauded a BlackRock fund by using money it had invested in Aviron for personal expenses including a Beverly Hills mansion.
Senate May Vote on Oversight of Chinese Issuers
A bipartisan bill could result in Chinese firms being delisted from U.S. exchanges if they do not submit their audit reports to U.S. regulators.
Former KPMG Auditors Charged With Exam Cheating
The three auditors agreed to suspensions for violating auditor integrity rules by improperly sharing answers to internal training tests.
Fluor Shares Dive on News of 10-Q Delay
The engineering firm is facing investigations into its accounting by the SEC and Department of Justice.
SEC Questions COVID Drug Claims of Biotechs
The commission has halted trading in the shares of three companies that have said they are developing a drug candidate for treating COVID-19.