March 3, 2022/US SEC The Securities and Exchange Commission today announced that registered investment adviser City National Rochdale, LLC (CNR) has agreed to pay more than $30 million to settle charges that its undisclosed conflicts of interest defrauded current and prospective clients. The money CNR pays will be placed into […]
Frauds & Scandals
Federal Reserve Board announces $20.4 million penalty against the National Bank of Pakistan
February 24, 2022/US Federal Reserve The Federal Reserve Board on Thursday announced a $20.4 million penalty against the National Bank of Pakistan, a foreign bank operating in the United States and headquartered in Pakistan, for anti-money laundering violations. The Board will also require the firm to improve its anti-money laundering […]
SEC Charges Former Director of Investor Relations with Insider Trading
February 22, 2022/US SEC The Securities and Exchange Commission today charged John-Michael Havrilla, a former employee of medical device company PAVmed Inc., for insider trading in advance of the company’s April 2020 positive earnings announcement. To settle the charges against him, Havrilla agreed to pay more than $160,000 in civil […]
