Gatekeepers
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VC fund hit with maximum penalty for Russia sanctions breaches
OFAC said GVA had willfully violated US sanctions and ignored OFAC’s legal advice cautioning against sale or transfer of assets.
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SEC announces enforcement results for fiscal year 2024
The SEC announced that it collected $8.2 billion in monetary penalties for FY 2024, the highest amount for the fines in the regulator’s history.
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SEC approves new PCAOB Quality Control Standard QC 1000
The new standard is designed to drive registered public accounting firms to significantly improve their quality control systems.
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SEC charges auditor BF Borgers with ‘massive fraud’
BF Borgers and owner Benjamin Borgers charged by the SEC in case affecting more than 1,500 SEC filings.
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DOJ Fraud Section’s Year in Review shows continued focus on individuals, cooperation policy
Annual Report underlines change in tone from punitive enforcement to incentivizing good conduct.
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In 2023, the future of compliance and regulation was just beginning
Our US editor Julie DiMauro reflects on the events of 2023, and what they suggest 2024 might bring.
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SEC results show resolve to protect investors, hold bad actors accountable
Enforcement results for FY 2023 show SEC filed 784 enforcement actions and obtained orders for nearly $5 billion in financial remedies.
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New Jersey asset management firm CCO pleads guilty to $401m fraud
With SEC and DOJ charges pending, we examine the case and assess the implications of the CCO’s characterization as a gatekeeper.