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 […]
Frauds & Scandals
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 […]
SEC Charges Health Care Co. and Two Former Employees for Accounting Improprieties
February 22, 2022/US SEC The Securities and Exchange Commission today announced settled charges and an $18 million penalty against Baxter International Inc. for engaging in improper intra-company foreign exchange transactions that resulted in the misstatement of the company’s net income. The SEC also announced settled charges against Baxter’s former treasurer […]
