Author: Chris Prentice
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DWS to pay $25 million to end US probe into greenwashing, other issues
By Chris Prentice NEW YORK (Reuters) -Deutsche Bank-controlled investment firm DWS will pay $25 million to settle charges over misstatements regarding its environmental, social, and governance (ESG) investing and failures in policies designed to prevent money laundering, U.S. regulators said on Monday. DWS Investment Management Americas made “concerning” misstatements regarding its ESG investment process, the…
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Crypto firms facing US SEC charges find hope in Ripple ruling, experts say
By Jody Godoy and Chris Prentice (Reuters) -A cryptocurrency developer’s landmark legal victory against the U.S. Securities and Exchange Commission (SEC) will galvanize Coinbase and other companies to resist the agency’s attempt to assert its jurisdiction over the industry, experts said. Thursday’s ruling that Ripple Labs Inc did not violate securities law by selling its…
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Goldman Sachs to pay $15 million fine for swap disclosure violations
By Chris Prentice and Kanishka Singh NEW YORK/WASHINGTON (Reuters) -A Goldman Sachs & Co unit has agreed to pay $15 million to settle U.S. Commodity Futures Trading Commission (CFTC) charges that it failed to make proper disclosures and communicate fairly to swap customers, the regulator saidon Monday. In 2015 and 2016, Goldman opportunistically sold clients…
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U.S. consumer bureau sues TransUnion, former executive for deceptive marketing
By Pete Schroeder and Chris Prentice WASHINGTON (Reuters) -A U.S. consumer watchdog on Tuesday sued TransUnion and one of its top former executives, charging the credit reporting agency tricked consumers into making recurring payments after being fined in 2017 for similar activity. The lawsuit, filed by the Consumer Financial Protection Bureau in a U.S. District…
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Nikola Corp agrees to pay $125 million to settle SEC charges of defrauding investors
By Chris Prentice WASHINGTON (Reuters) -Nikola Corp has agreed to pay $125 million to settle civil charges that it defrauded investors by misleading them about its products, technical advancements and commercial prospects, the U.S. securities regulator said on Tuesday. The Securities and Exchange Commission (SEC) accused the electric vehicle maker of violating U.S. securities laws…