A broadband connectivity company settled charges with the SEC for failing to maintain internal accounting controls intended to ensure that the company's stock buybacks were conducted in accordance with management authorizations.
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Six "insiders" of public companies settled charges with the SEC for failing to file reports on their securities holdings and transactions in a timely manner. Five public companies were also charged for contributing to the violations.
An investment adviser settled SEC charges for failure to (i) disclose conflicts of interest related to its ownership of special purpose acquisition companies and (ii) file timely and accurate reports.
The SEC adopted rule amendments intended to improve information disclosures regarding acquisitions and dispositions of businesses.
The Treasury Department proposed regulations to implement the Foreign Investment Risk Review Modernization Act and broaden the authority of the Committee on Foreign Investment in the United States.