Gurbir Grewal - Page 3 of 12 - Shore News Network

Testa Calls For Special Legislative Committee to Investigate Attorney General’s Office

Sen. Michael Testa called on the Legislature to return to Trenton immediately to authorize subpoena power for the Senate Judiciary Committee and retain special counsel to facilitate a thorough investigation of the…

October 1, 2023

SEC sues Virtu Financial for misleading customers about security of their information

By Jonathan Stempel and Chris Prentice NEW YORK (Reuters) -The U.S. Securities and Exchange Commission on Tuesday sued Virtu Financial, a broker-dealer that handles 25% of all market orders placed by retail…

September 13, 2023

From Bans to Demands: Is Governor Murphy Really a Dictator?

Governor Phil Murphy’s tenure has been marked by aggressive enforcement policies, covering a wide range of issues including COVID-19 measures, gun control, illegal immigration, and sanctuary cities. Critics argue that Murphy seems…

August 27, 2023

Governor Murphy Links Surge in Auto Thefts to Technical Flaws in Hyundai and Kia Vehicles

TRENTON, NJ – In a surprising revelation, New Jersey Governor Phil Murphy and Attorney General Matt Platkin have pinpointed a technical flaw in Hyundai and Kia vehicles, which they believe has contributed…

August 15, 2023

Bittrex to pay $24 million to settle with US securities regulator

By Jody Godoy (Reuters) -Bittrex has agreed to pay $24 million to settle claims by the U.S. Securities and Exchange Commission that the cryptocurrency exchange failed to register with the agency, according…

August 10, 2023

British billionaire Joe Lewis pleads not guilty to US insider trading charges

By Luc Cohen, Jonathan Stempel and Jody Godoy NEW YORK (Reuters) -The British billionaire Joe Lewis pleaded not guilty on Wednesday to orchestrating what prosecutors called a “brazen” insider trading scheme by…

July 26, 2023

SPAC that plans to merge with Trump Media settles SEC charges of fraud

WASHINGTON (Reuters) – A special purpose acquisition firm that is set to merge with former U.S. President Donald Trump’s media company settled regulatory charges that it had made “material misrepresentations” to investors.…

July 20, 2023

New Jersey based Army Counselor stole millions from grieving families

Caz Craffy, a former U.S. Army financial counselor from New Jersey, has been criminally charged for defrauding military families who had lost loved ones in service. The U.S. Department of Justice has…

September 18, 2023

Former US Army financial counselor charged with defrauding Gold Star families

By Jonathan Stempel (Reuters) – A former U.S. Army financial counselor from New Jersey was criminally charged on Friday with defrauding grieving military families out of life insurance payments, causing millions of…

July 7, 2023

Binance, SEC strike deal to keep US customer assets in country

By Baranjot Kaur and Akanksha Khushi (Reuters) -Binance, the world’s biggest cryptocurrency exchange, and Binance.US have entered into an agreement with the U.S. Securities and Exchange Commission to ensure that U.S. customer…

June 20, 2023

SEC enforcement chief rejects criticism of crypto crackdown

By Chris Prentice NEW YORK (Reuters) – A top U.S. Securities and Exchange Commission (SEC) official on Friday rejected criticism of the regulator’s cryptocurrency crackdown and slammed the sector for violating securities…

June 16, 2023

Former Coinbase manager, brother agree to settle SEC insider trading charges

By Chris Prentice (Reuters) – A former product manager for Coinbase Global Inc and his brother have agreed to settle U.S. Securities and Exchange Commission (SEC) charges related to insider trading of…

May 30, 2023

US SEC issues largest ever whistleblower award of $279 million

(Reuters) – The U.S. Securities and Exchange Commission (SEC) has issued its largest ever award of nearly $279 million to a whistleblower whose information helped the regulator’s enforcement action, it said on…

May 5, 2023

U.S. charges exiled Chinese businessman Guo Wengui with $1 billion fraud

By Jonathan Stempel NEW YORK (Reuters) -The U.S. government on Wednesday charged Guo Wengui, an exiled Chinese businessman with ties to former Donald Trump adviser Steve Bannon, with leading a complex conspiracy…

March 16, 2023

U.S. SEC charges McDonald’s ex-CEO for misrepresentations to investors

By Chris Prentice NEW YORK (Reuters) -The U.S. Securities and Exchange Commission (SEC) on Monday charged former McDonald’s Corp Chief Executive Stephen Easterbrook with making false and misleading statements to investors about…

January 9, 2023

U.S. SEC stepped up enforcement activity in fy2022, assessed record penalties

By John McCrank NEW YORK (Reuters) – The U.S. Securities and Exchange Commission assessed a record $6.4 billion in fines and ill-gotten gains as it picked up the pace of enforcement in…

November 15, 2022

Barclays hit by $361 million penalty over issuance of securities

(Corrects headline and first paragraph to make clear $361 million was size of penalty, not payment) (Reuters) – British bank Barclays agreed to a $361 million penalty over internal control failures related…

September 30, 2022

U.S. fines 16 Wall Street firms $1.8 billion for talking deals, trades on personal apps

By Michelle Price (Reuters) -U.S. regulators on Tuesday fined 16 financial firms, including Barclays, Bank of America, Citigroup, Credit Suisse, Goldman Sachs, Morgan Stanley and UBS, a combined $1.8 billion after staff…

September 27, 2022

Boeing to pay $200 million to settle U.S. charges it misled investors about 737 MAX

By David Shepardson WASHINGTON (Reuters) -Boeing Co will pay $200 million to settle civil charges by the U.S. Securities and Exchange Commission that it misled investors about its 737 MAX, which was…

September 23, 2022

Morgan Stanley to pay $35 million to settle SEC charges it mishandled customer data

By Pete Schroeder WASHINGTON (Reuters) -A Morgan Stanley unit has agreed to pay $35 million to settle Securities and Exchange Commission charges it repeatedly failed to safeguard personal information for millions of…

September 20, 2022

EY to pay $100 million to settle U.S. charges of staff cheating on accountant exams

By Katanga Johnson WASHINGTON -Big Four accounting firm Ernst & Young will pay $100 million to settle U.S. Securities and Exchange Commission (SEC) charges that its auditors cheated on certified public accounting…

June 28, 2022

Charles Schwab subsidiaries to pay $187 million to settle U.S. SEC charges

By Katanga Johnson WASHINGTON -Charles Schwab Corp will pay $187 million to settle U.S. Securities and Exchange Commission (SEC) charges accusing three investment adviser subsidiaries of failing to disclose less profitable fund…

June 13, 2022

Wells Fargo Advisors fined $7 million by U.S. SEC for anti-money laundering lapses

By Michelle Price WASHINGTON -The U.S. Securities and Exchange commission on Friday said Wells Fargo Advisors had agreed to pay $7 million to settle charges of anti-money laundering related violations. The regulator…

May 20, 2022

New Jersey Governor Phil Murphy Just Sued the Post Office for Not Buying Enough Electric Vehicles

TRENTON, NJ – It’s no secret that Governor Phil Murphy (D-New Jersey) has used the Office of the Attorney General as a social and political weapon to push his progressive agenda, but…

April 29, 2022

Governor Murphy is “deeply disturbed” over cop reaction during Bridgewater Mall incident

TRENTON, NJ – New Jersey Governor Phil Murphy today said he is deeply disturbed over a police-involved incident at the Bridgewater Mall that appears to show responding officers making an on the…

February 17, 2022

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