Carrie L. Tolstedt, who ran the bank’s retail branches, faces up to 16 months in prison for obstructing a bank examination.
Category: Securities and Exchange Commission
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U.S. Is Said to Open Investigation Into Silicon Valley Bank Collapse
Legal experts said a possible focus of the investigation could be insider sales by several bank executives in the weeks before the bank’s failure.
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Chinese Tech Giants Promise Their Own ChatGPT-Style Chatbots
A wave of Chinese tech companies are announcing their own A.I.-powered chatbots — but face hurdles imposed by their own government.
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Government Cracks Down on Crypto Industry With Flurry of Actions
State and federal agencies have levied fines, brought new cases and issued policy statements to rein in freewheeling practices in recent weeks.
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Crypto Lender Nexo Is Fined $45 Million
It’s the latest cryptocurrency company to draw scrutiny from regulators, who are seeking to rein in the industry after the collapse of FTX.
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SEC Fines Steve Easterbrook, McDonald’s Ex-CEO
The Securities and Exchange Commission fined Steve Easterbrook for lack of disclosure about the circumstances behind his firing in 2019.
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S.E.C. Inquiry Into Former Senator’s Stock Sales Is Closed Without Charges
The Securities and Exchange Commission ended its investigation into former Senator Richard Burr, three years after he sold more than $1.6 million in stocks following Covid-19 briefings.
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Coinbase Reaches $100 Million Settlement With New York Regulators
The U.S. crypto exchange will pay a $50 million fine for letting customers open accounts with few background checks and spend $50 million to improve compliance.
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Even After FTX, S.E.C. Chair Sees No Need for New Crypto Laws
The Securities and Exchange Commission chair, Gary Gensler, said existing rules were adequate but warned crypto issuers and exchanges on compliance.