, First Hawaiian, Inc. has promoted Lea Nakamura as Chief Risk Officer and Darlene Blakeney as Chief Lending Officer, respectively. They will join the First Hawaiian Senior Management Committee and continue serving as members of the Senior Management Committee
Category: USA
Investment Firm PIMCO ordered to pay $37m Penalty Offset and $2.5m fine by the SEC
The Securities and Exchange Commission has initiated administrative and cease-and-desist proceedings against Pacific Investment Management Company LLC (PIMCO) for failing to accurately waive certain advisory fees consistent with its agreement with the…
The Securities and Exchange Commission issued a cease-and-desist order against Cantaloupe, Inc., formerly known as USA Technologies, Inc., for improper revenue recognition.
The Securities and Exchange Commission has instituted cease-and-desist proceedings against Cantaloupe, Inc., formerly known as USA Technologies, Inc., for improper revenue recognition. The Commission found that USA Technologies, Inc., a Malvern, Pennsylvania-based…
Sound Point Capital hires Chief Compliance Officer from Cowen Investment Management
Andrea Sayago has been appointed as the new Chief Compliance Officer and Associate General Counsel at Sound Point Capital Management (“Sound Point”), a credit-focused firm with more than $30 billion in assets….
The manufacturer and distributor of cashless payment systems Cantaloupe, Inc., formerly known as USA Technologies, Inc., has been subject to a cease-and-desist order from the US SEC
The Securities and Exchange Commission (SEC) has taken action against Cantaloupe, Inc., formerly known as USA Technologies, Inc., a company engaged in the manufacturing and distribution of cashless payment devices. The SEC’s…
Yet more fines against J.P. Morgan by the SEC
J.P. Morgan Securities LLC fined $750,000 by the SEC for failing to implement reasonable controls and supervisory procedures. The firm’s supervisory procedures did not address handling, documenting, and reviewing soft block overrides, resulting…
NEW YORK STATE fines OneMain LLC $4,250,000 for Cybersecurity breaches
OneMain is a sub-prime lender operating in 44 US states, with a reported turnover of $4.37 billion in annual revenue in 2021. An audit carried out by the DEPARTMENT OF FINANCIAL SERVICES found deficiencies…
SEC Institutes cease-and-desist proceedings against Gartner
The Commission found that Gartner violated the anti-bribery, books and records, and internal accounting control provisions of the Foreign Corrupt Practices Act of 1977 (FCPA) as a result of a scheme to…
Microsoft required to pay $20 million to settle FTC allegations that it unlawfully collected personal data from children without their parents’ consent.
Microsoft will pay $20 million to settle Federal Trade Commission charges that it violated the Children’s Online Privacy Protection Act (COPPA) by collecting personal information from children who signed up to its…
Florida Chief Compliance Officer Convicted by federal jury for $50 million Medicare fraud
A federal jury has convicted Steven King, 45, of conspiracy to commit health care fraud and wire fraud. King, the chief compliance officer of a pharmacy holding company, fraudulently billed Medicare over…