SEC Charges Audit Firm in Failure to Detect Unpaid Taxes
Crowe LLC let $100 million in unpaid taxes slip under its radar, SEC alleges.
Regulation
BNY Mellon to Pay More than $54 Million for “Pre-Released” ADRs
SEC says ‘improper practices’ allowed banks and brokerage firms to ‘profit handsomely.’
MetLife Pension Payout Snafu Leads to $1 Million Fine
Insurer failed to pay 13,500 pensioners incorrectly labeled as ‘presumed dead.’
Former Executives Fined $2.7 Million over ICO Scam Charges
AriseBank claimed to be the world’s first decentralized bank.
UK Seeks Input on DB Superfund Consolidation Rules
Regulator will scrutinize all superfunds to identify potential risks.
Southern Water to Pay £50 Million More into Pension
UK regulator TPR forced company’s hand over dividend payout imbalance.
BT Loses Court Appeal to Link Pension Increases to CPI
Union says ruling prevents 80,000 members from losing average of £24,000 in pension benefits.
TPR Bans CEO from Being Trustee for Refusing to Cooperate
Christopher Wrigley allegedly threatened one of the regulator’s case workers.
SEC Charges Floyd Mayweather, DJ Khaled for Unlawfully Touting ICOs
Boxing champion, music producer agree to pay more than $750,000 in fines combined.
SEC Charges Firm Founder with Operating Unregistered Exchange
EtherDelta founder Zachary Coburn to pay nearly $400,000 in disgorgement and fines.
Fund Manager to Pay $12 Million over Dark Pool Deception Charges
ITG agrees to second multimillion-dollar settlement with SEC in three years.
Treasury OKs Benefits Reductions for Teamsters Pension
Local 805 Pension Fund can begin cutting benefits as of Jan. 1.
CalSTRS to Challenge Corporate Auditors and Virtual Meetings
The large California pension plan is taking on corporations who use the same auditor year after year as well as companies that have suspended having in-person annual meetings in favor of virtual meetings.
Congress Mulls Multiemployer Pension Bailout
Draft of plan calls for $3 billion a year to subsidize payments for retirees.
UK Corporate Pension Deficit Nearly Triples in October
Aggregate deficit of PPF 7800 balloons to £107.7 billion as funding level drops 4.1%.