SEC Charges BNY Mellon Investment Adviser for Misstatements and Omissions Concerning ESG Considerations

SEC

The Securities and Exchange Commission today charged BNY Mellon Investment Adviser, Inc. for misstatements and omissions about Environmental, Social, and Governance (ESG) considerations in making investment decisions for certain mutual funds that it managed. To settle the charges, BNY Mellon Investment Adviser agreed to pay a $1.5 million penalty. read more »

Military Contractor Indicted for $15 Million Bid-Rigging Scheme and Conspiracy to Defraud the United States

DOJ

A federal grand jury in the Eastern District of Texas returned an indictment charging a military contractor for rigging bids on public military contracts in Texas and Michigan and defrauding the United States. read more »

KPMG fined 3.3 million pounds over Rolls-Royce audit

REUTERS

Britain's accounting watchdog said on Tuesday it has fined KPMG 3.3 million pounds ($4.16 million) over the company's audit of aero engine maker Rolls-Royce (RR.L) more than a decade ago. read more »

Founder And CEO Of Off-Shore Cryptocurrency Derivatives Platform Sentenced For Violating The Bank Secrecy Act

DOJ

Damian Williams, the United States Attorney for the Southern District of New York, announced that Arthur Hayes was sentenced today to six months of home detention, in connection with his violation of the Bank Secrecy Act (the “BSA”), through his willful failure to establish, implement, and maintain an anti-money laundering (“AML”) program at the cryptocurrency company he co-founded and owned, Bitcoin Mercantile Exchange or “BitMEX”.  U.S. District Judge John G. Koeltl imposed today’s sentence. read more »