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Former Infinity Q chief risk officer to settle charges of fraud
... determination of disgorgement, prejudgment interest, and civil money penalties at a later date, according to the regulators. Lindell was not immediately available for comment. Infinity Q was forced to liquidate its mutual funds last year after the SEC found that the firm's founder and former chief investment officer, James Velissaris , manipulated a third-party pricing model used to value fund investments. The SEC said Lindell negligently misrepresented investors, representatives of the mutual ...
Updated: 09/30/2022
U.S. Defense Sec says it's too early to say who is behind Nord Stream pipeline
Pentagon chiefs: Too soon to say who could be behind the Nord Stream pipeline ruptures WASHINGTON Reuters - U.S. Defense Secretary Lloyd Austin said on Thursday it was too soon to speculate who might have been behind the rupture of the NordStream pipeline. Pentagon chiefs: Too soon to say who could be behind the Nord Stream pipeline ruptures WASHINGTON Reuters - U.S. Defense Secretary Lloyd Austin said on Thursday it was too soon to speculate who might have been behind the rupture of the Nord...
Updated: 09/30/2022
SEC announces $15 million penalties for settling FCPA charges
The Securities and Exchange Commission SEC announced Tuesday that Oracle will pay millions of dollars for settling charges related to the Foreign Corrupt Practices Act FCPA. The Securities and Exchange Commission SEC announced Tuesday that Oracle will pay millions of dollars for settling ...
Updated: 09/29/2022
Insurers, NBFCs, ICICI Pru hit with Rs 824 crore GST credit
... had been executing the modus since the inception of GST. The GST evasion to the tune of 824 crore has been unveiled, and various insurance companies which have availed and utilised ineligible credit have paid a total amount of 217 crore in cash under sec 74 5 of the CGST Act, 2017.
Updated: 09/29/2022
SEC fines Chinese firm Deloitte $20 million for letting clients do own audit work
... affiliate asked some clients to select their own samples for testing and prepare documentation that appeared to be that Deloitte-China had tested the clients' financial statements and internal controls when there was no evidence that it had done so, the SEC said. The auditors are the key gatekeepers in the financial markets, with issuers and investors relying on them to critically examine issuers' financial statements, identify any material misstatements and sign off on them when they are free of material ...
Updated: 09/29/2022
Insider purchase of 25,000 shares in Oceaneering International
Steven A Webster, Director at Oceaneering International OII, reported a large insider buy on September 28, according to a new SEC filing. Steven A Webster , Director at Oceaneering International OII , reported a large insider buy on September 28, according to a new SEC filing. What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission S . Securities ...
Updated: 09/29/2022
Elon Musk says ‘muzzling’ Elon Musk with pre-approval provision
... sent out. Musk 's lawyers filed a legal brief with the federal appeals court in Manhattan on Wednesday, arguing against a lower court's decision to uphold the deal with the Securities and Exchange Commission . Attorney Alex Spiro contends that the SEC has used the pre-approval provision as a government-imposed muzzle on Musk 's speech before it is even made on a broad range of topics. Since the judgment was entered, the SEC has maintained constant investigations into Mr. Musk 's speech, employing ...
Updated: 09/29/2022
Tesla adds Airbnb co-founder Joe Gebbia to Board of Directors
... start-up and acquired a stake in the San Antonio Spurs , according to the company statement. According to a report by CNBC , adding Gebbia to the Tesla board may help the company avoid any further conflict with the Securities and Exchange Commission SEC, which has commenced multiple probes to determine whether Musk and Tesla are in compliance with their agreement.
Updated: 09/29/2022
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