SEC announces Enforcement Results for FY22

The SEC filed 760 enforcement actions and recovered record $6.4 billion in penalties and disgorgement on behalf of investing public. These included 462 new, or “stand alone,” enforcement actions, a 6.5% increase over fiscal year 2021; 129 actions against...

SEC orders UBS to pay $25m to settle fraud charges

SEC announced that UBS has agreed to pay approximately $25 million to settle fraud charges relating to a complex investment strategy referred to as YES, or Yield Enhancement Strategy. UBS did not provide its financial advisors with adequate training and oversight...

SEC charges Tenaris over alleged bribe

SEC announced that Tenaris, a Luxembourg-based global manufacturer and supplier of steel pipe products, will pay more than $78 million to resolve charges that it violated the Foreign Corrupt Practices Act (FCPA) in connection with a bribery scheme…...

SEC Charges Stericycle with Bribery Schemes in Latin America

The SEC’s order finds that Stericycle, a leading provider of medical waste and other services in 16 countries worldwide, paid millions of dollars in bribes to obtain and maintain business from government customers in Brazil, Mexico, and Argentina from at least 2012 to...