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SEC dings Becton Dickinson $175m for misrepresenting product risks
The company failed to properly inform investors about regulatory challenges it was experiencing with the FDA.
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Raytheon to pay $950m for FCPA, export control allegations
The DOJ alleged Raytheon defrauded DOD into paying over $111m more than it should have in contracts to buy Patriot missile systems and operate radar.
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SEC hits John Deere with FCPA charges for subsidiary’s role in Thailand
The business revamped its anti-bribery internal controls and policies, and began offering a bimonthly compliance newsletter and compliance-centered podcast.
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SEC charges RR Donnelley for inadequate cybersecurity-related accounting controls
SEC settles charges over Exchange Act disclosure controls, but two commissioners dissent.
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SEC charges cable operator with stock buyback controls violations
SEC says the company could change the dollar amounts available to buy back stock and the timing of buybacks – after the plans took effect.
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Bribes, crypto fraud and unregistered brokers attract SEC charges
In this week’s roundup, we see a mix of charges, including disclosure failings within a donor data management software company.
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SEC charges former SPAC CFO for orchestrating $5m fraud scheme
The SEC alleges that, from June 2021 through July 2022, Morgenthau embezzled money from African Gold and stole funds from another SPAC to pay for his personal expenses and to trade in crypto assets and other securities.