November 22, 2024/US SEC On November 19, 2024, the United States District Court for the Western District of Wisconsin entered a final judgment against Edward S. Walczak, a former mutual fund portfolio manager, for fraudulently misrepresenting to investors how he managed risk in the Catalyst Hedged Futures Strategy Fund. The […]
Author: InvestAdvocate
UPS to Pay $45 Million Penalty for Improperly Valuing Business Unit
November 22, 2024/US SEC The Securities and Exchange Commission today announced settled charges against United Parcel Service Inc. for materially misrepresenting its earnings because it failed to follow generally accepted accounting principles (GAAP) in valuing one of its worst performing businesses. According to the SEC’s order, UPS determined in […]
Fed Announces Pricing, Effective January 1, 2025, for Payment Services the Federal Reserve Banks Provide to Banks and Credit Unions
November 22, 2024/US Federal Reserve The Federal Reserve Board on Friday announced pricing, effective January 1, 2025, for payment services the Federal Reserve Banks provide to banks and credit unions, such as the clearing of checks, automated clearing house (ACH) transactions, instant payments, and wholesale payment and settlement services. By […]
