Kodak stock dives 40% after $765 million loan is put on hold

CNN

Kodak stock plunged 40% in premarket trading Monday after a $765 million loan from the US government to help make drug ingredients was put on hold, as regulators are reportedly looking into allegations of insider trading.

Last week the Wall Street Journal reported the Securities and Exchange Commission is investigating why Kodak announced the loan on the day prior to the official announcement, which sent shares 25% higher. read more »

Capital One ordered to pay $80 million penalty for its role in a 2019 data breach

THE VERGE

Capital One will pay an $80 million civil penalty for its role in a 2019 security breach that exposed the personal data of more than 100 million customers, The Wall Street Journal reported. In a scathing report on its investigation into the breach, the Office of the Comptroller of Currency, part of the US Treasury. said Capital One was aware its security practices were woefully insufficient, and that the company’s board of directors “failed to take effective actions to hold management accountable.” read more »

SEC Charges Interactive Brokers with Repeatedly Failing to File Suspicious Activity Reports

SEC

The Securities and Exchange Commission today announced that Interactive Brokers LLC will pay an $11.5 million penalty to settle charges it repeatedly failed to file Suspicious Activity Reports (SARs) for U.S. microcap securities trades it executed on behalf of its customers.

Broker-dealers are required to file SARs for transactions suspected to involve fraud or a lack of an apparent lawful business purpose. read more »