Crime : Page 194

Australian ASIC cancels the registration of 133 SMSF auditors

August 24, 2016 ASIC has cancelled the registration of 133 approved self-managed superannuation fund (SMSF) auditors who did not lodge their annual statements.

SEC charges Apollo with disclosure and supervisory failures

August 23, 2016 The Securities and Exchange Commission (SEC) announced that four private equity fund advisers affiliated with Apollo Global Management have agreed to a $52.7 million settlement.

Wells Fargo to pay $4.1 million for illegal student loan practices

August 22, 2016 The Consumer Financial Protection Bureau (CFPB) took action against Wells Fargo Bank for illegal private student loan servicing practices that increased costs and unfairly penalized certain student loan borrowers.

Maryland home builder to pay $524,000 to defrauded home buyers

August 22, 2016 Maryland Attorney General Brian E. Frosh's Consumer Protection Division issued a final order finding that a home builder from Wicomico County violated the Consumer Protection Act and other laws protecting new home purchasers.

60,000 workers against Morgan Stanley in $150 million class case

August 22, 2016 Sanford Heisler, LLP filed a class complaint in the U.S. District Court of the Southern District of New York.

Ukraine's antimonopoly body wants $3 billion from Gazprom

August 20, 2016 The Anti-Monopoly Committee (AMC) of Ukraine has prepared a lawsuit on the forced recovery of $3 billion from the Russian natural gas company Gazprom.

Poland's watchdog says internet provider UPC must return money

August 20, 2016 Finding that UPC illegally informed customers of an increase to their monthly internet bill, the Consumer Protection Authority in Poland has ruled the company must now reimburse them.

National College of Kentucky ordered to pay state $157,000

August 19, 2016 Kentucky Attorney General Andy Beshear said that the Kentucky Court of Appeals last week affirmed a previous order by Franklin Circuit Court requiring National College of Kentucky and its attorneys to pay the state a combined $157,000 in civil monetary sanctions.

Deutsche Bank faces CFTC sanctions over swap-data report failures

August 19, 2016 Deutsche Bank is facing sanctions after the U.S. Commodity Futures Trading Commission (CFTC) said the company violated multiple swap data reporting rules.

Harley-Davidson to stop sales of devices that increased air pollution

August 18, 2016 The Department of Justice and the U.S. Environmental Protection Agency (EPA) announced a settlement with Harley-Davidson.

ASIC bans former representative of Macquarie Equities

August 18, 2016 Australian ASIC has banned Nicholas Kerr, of Carindale, Queensland, from providing financial services for five years after finding that he engaged in unauthorised discretionary trading on his client accounts, provided inappropriate advice and created false records.

Kentucky seeks millions of dollars in penalties from Johnson & Johnson

August 17, 2016 Kentucky Attorney General Andy Beshear announced a civil lawsuit against Johnson & Johnson and its medical device unit, Ethicon, for its deceptive marketing of surgical transvaginal mesh.