Keurig Dr Pepper Inc., the beverage giant known for its popular single-serve coffee makers, has agreed to pay a $1.5 million penalty to settle charges brought by the Securities and Exchange Commission (SEC) over misleading recyclability claims about its K-Cup pods.
The Securities and Exchange Commission (SEC) today settled charges against nine registered investment advisers for violations of its Marketing Rule, a regulation designed to ensure transparency and honesty in financial advertisements. The firms involved were found to have made untrue or unsubstantiated claims, or published endorsements and third-party ratings that lacked required disclosures. The combined civil penalties for the violators total $1,240,000.
The European Banking Authority (EBA) has set in motion its annual transparency exercise for 2024, a crucial initiative aimed at assessing the robustness and risk profile of the European banking sector. This yearly undertaking, which has become a linchpin of EU banking supervision since its inception in 2011, seeks to bolster confidence in the EU financial system through enhanced transparency.
The Securities and Exchange Commission (SEC) has approved a new quality control (QC) standard developed by the Public Company Accounting Oversight Board (PCAOB), marking a significant step forward in improving the audit practices of registered public accounting firms.
Australia's House of Representatives has recently passed the Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Bill 2024, marking a pivotal step in both climate and financial market reforms. This significant piece of legislation introduces mandatory climate-related financial reporting for large and medium-sized companies and establishes the Net Zero Economy Authority to steer Australia towards its climate goals.
Odeon Capital Group has agreed to a $250,000 fine and censure as part of a settlement with the Financial Industry Regulatory Authority (FINRA), addressing violations of supervisory and compliance rules. This resolution comes under FINRA Rule 9216 and is intended to address specific rule violations described in the settlement.
Swedish regulators have levied a fine against a major domestic bank for unlawfully transferring customer data to Meta's advertising platforms. The Swedish Supervisory Authority (SA) announced a €1.3 million administrative penalty against Avanza Bank AB after an investigation found the bank had been funneling personal information about up to 1 million customers to Meta, the parent company of Facebook, over an 18-month period.