Fiat Chrysler to pay $40 million over claims it misled investors

Fiat Chrysler has agreed to pay $40 million over claims it misled investors about its reporting of monthly vehicle sales in recent years.

The SEC announced the fine Friday after a years-long investigation into the Italian-American automaker’s reporting methodology of monthly U.S. sales. read more »

Mylan agrees to pay $30M in SEC EpiPen settlement

Mylan has agreed to pay $30 million in a settlement tied to its failure to tell investors about a Justice Department investigation into whether the company overcharged Medicaid for the EpiPen.

The Securities and Exchange Commission said Friday that Mylan NV classified the EpiPen as a "generic" drug under the Medicaid drug rebate program. This led to the pharmaceutical company paying much lower rebates to the government than if the EpiPen had been classified as a "branded" drug. read more »

1-Bank of Montreal pays $38 mln to settle U.S. SEC charges it hid conflicts

Two units of Bank of Montreal agreed to pay about $38 million to settle U.S. regulatory charges they concealed conflicts of interests by failing to tell clients their money was often being invested in expensive, in-house funds.

The U.S. Securities and Exchange Commission on Friday said BMO Harris Financial Advisors and BMO Asset Management, both based in Chicago, will pay an $8.25 million civil fine plus $29.73 million of disgorgement and interest, with money used to compensate harmed investors. read more »

Barclays pays $6.3 million to settle U.S. SEC's Asia-Pacific hiring probe

Barclays has agreed to pay about $6.3 million to settle U.S. charges it violated a federal anti-bribery law by hiring family and friends of foreign officials in the Asia-Pacific region to help win or retain investment banking business.

The U.S. Securities and Exchange Commission on Friday said the civil settlement resolves charges that the British bank’s hiring practices in the region, including China, Hong Kong and South Korea, violated the Foreign Corrupt Practices Act. read more »

Herbalife to Pay $20 Million for Misleading Investors

The Securities and Exchange Commission today announced that Herbalife Nutrition Ltd.—a direct selling company with operations in over 90 countries— has agreed to pay $20 million to settle charges that it made false and misleading statements about its China business model in numerous U.S. regulatory filings over a six-year period. read more »

SEC Charges Canadian Clean Fuel Technology Company and Former CEO with FCPA Violations

The Securities and Exchange Commission today announced that Westport Fuels Systems, Inc., a Canadian clean fuel technology company headquartered in Vancouver, Canada, and its former chief executive officer, Nancy Gougarty, of Leesville, South Carolina, have agreed to pay more than $4.1 million to resolve charges that they violated the Foreign Corrupt Practices Act (FCPA) by paying bribes to a foreign government official in China.

According to the SEC's order, beginning no later than 2016, Westport, acting through Gougarty and others, engaged in a scheme to bribe a Chinese government official to obtain business and a cash dividend payment by transferring shares of stock in Westport's Chinese joint venture to a Chinese private equity fund in which the government official held a financial interest. read more »