Crime : Page 176

Barclays FX trader permanently out of business

January 5, 2017 The Federal Reserve Board s permanently prohibiting Jason Katz, a former foreign exchange (FX) trader at Barclays PLC and later at BNP Paribas SA, from participating in the banking industry, because of his actions to manipulate FX prices.

Alberta finds Coastal Pacific Mining breached securities laws

January 4, 2017 The Alberta Securities Commission (ASC) has found that Coastal Pacific Mining Corp. illegally manipulated the market for its securities and engaged in conduct contrary to the public interest.

TransUnion, Equifax fined $23 million for deceiving customers

January 4, 2017 The U.S. Consumer Financial Protection Bureau or CFPB fined credit reporting agencies TransUnion and Equifax.

Porsche, BMW, Nissan admit to fabricating emissions documents

January 4, 2017 The Korean branches of Nissan, BMW and Porsche have admitted fabricating emissions-related documents to more easily obtain government sales approval for some of their vehicles.

General Cable settles SEC and DOJ investigations, will pay $82.3m

December 29, 2016 General Cable Corporation as entered into agreements with the U.S. Securities and Exchange Commission (SEC) and the U.S. Department of Justice (DOJ).

Justice Department reaches final resolutions under Swiss Bank Program

December 29, 2016 The Department of Justice announced that it has reached final resolutions with banks that have met the requirements of the Swiss Bank Program.

Hanwha Group’s subsidiaries hit with $2.74 million fine for accounting fraud

December 29, 2016 Financial authorities in South Korea fined Hanwha Group’s three subsidiaries, which were caught committing accounting fraud, 3.32 billion won ($2.74 million).

United Shore Financial Service to pay $48 million in mortgage case

December 29, 2016 United Shore Financial Services (USFS) has agreed to pay the United States $48 million.

Far Eastern International Bank fined $340,7571 million in Taiwan

December 28, 2016 The Financial Supervisory Commission (FSC) in Taiwan fined Far Eastern International Bank NT$11 million ($340,757) for violations relating to convertible bonds.

South Korea fines Qualcomm $852.9 million for antitrust violations

December 28, 2016 South Korea’s antitrust watchdog fined Qualcomm $852.9 million for antitrust law violations as the U.S. chip maker faces global scrutiny over its patent-licensing business.

Redflex Traffic Systems enters into non-prosecution agreement with U.S.

December 28, 2016 The Department of Justice and the United States Attorney’s Offices for the Northern District of Illinois and the Southern District of Ohio have entered into a non-prosecution agreement with Redflex Traffic Systems, a Phoenix-based automated safety company.

Nasdaq Stockholm orders CareDx to pay special fine of SEK 1 million

December 27, 2016 The Disciplinary Committee of Nasdaq Stockholm has ordered CareDx to pay a special fine of SEK 1,000,000 to Nasdaq for breaches of Nasdaq Stockholm’s takeover rules.