SEC Awards Approximately $36 Million to Whistleblower

SEC

The Securities and Exchange Commission today announced an award of approximately $36 million to a whistleblower whose information and assistance significantly contributed to the success of an SEC enforcement action as well as actions by another federal agency. read more »

SEC Charges World's Largest Advertising Group with FCPA Violations

SEC

The Securities and Exchange Commission today announced that London-based WPP plc, the world's largest advertising group, has agreed to pay more than $19 million to resolve charges that it violated the anti-bribery, books and records, and internal accounting controls provisions of the Foreign Corrupt Practices Act (FCPA). read more »

SEC Charges Principals of Subprime Automobile Finance Company with Fraud

SEC

The Securities and Exchange Commission today announced fraud charges against two former executives of a subprime automobile finance company for misleading investors about the subprime automobile loans that backed its $100 million offering. read more »

China cracks down on cryptocurrency, banning all transactions

NEW YORK TIMES

China intensified its crackdown on cryptocurrency on Friday, declaring all financial transactions involving cryptocurrencies illegal and issuing a nationwide ban on cryptocurrency mining, the power-hungry process in which computer networks compete to solve calculations in return for newly created crypto tokens. read more »