Legal Eagle Review
NYSE to Pay $14 Million Penalty for Multiple Violations
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- Written by SEC
The Securities and Exchange Commission today announced that it charged the New York Stock Exchange and two affiliated exchanges with regulatory failures in connection with multiple episodes, including several disruptive market events. The charges arose from five separate investigations and include the first-ever charged violation of Regulation SCI. The Commission adopted Reg SCI to strengthen the technology infrastructure and integrity of the U.S. securities markets, and today charged two NYSE exchanges with violating Reg SCI’s business continuity and disaster recovery requirement. In settlement, the exchanges agreed to pay a $14 million penalty.
SEC Charges Unregistered Broker for Illegally Brokering Sales of EB-5 Securities
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- Written by LER
The Securities and Exchange Commission today charged a New York-based company with illegally brokering dozens of investments by foreign nationals seeking U.S. residency.
New York City Correction Department Investigator Convicted of Transporting, Receiving and Possessing Child Pornography
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- Written by LER
A federal jury in Central Islip, New York, returned a guilty verdict Monday against Fernando Clarke, an investigator with the New York City Department of Correction, on child pornography trafficking offenses.
Justice Department Resolves Discrimination Claim Against Bolingbrook, Illinois, Meat Processing Plant
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- Written by LER
The Justice Department announced it has signed a settlement agreement with West Liberty Foods L.L.C., an Iowa-based meat processing business that operates a plant in Bolingbrook, Illinois, to resolve the Department’s investigation into whether the company discriminated against work-authorized immigrants when verifying their employment authorization, in violation of the Immigration and Nationality Act (INA).
Justice Department Settles Pregnancy Discrimination Lawsuit Against the University of Baltimore
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- Written by LER
The Justice Department today announced it has entered into a settlement agreement with the University of Baltimore (University) to resolve allegations that the University discriminated against a female employee, based upon her pregnancy, in violation of Title VII of the Civil Rights Act of 1964.
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