In a settlement with the Financial Industry Regulatory Authority (FINRA), UBS Financial Services Inc. (UBS FSI) agreed to a $1.1 million fine and a censure following a six-year span of inaccurate trade data submissions that affected more than 4.4 million transactions.
In a move against one of Scandinavia’s banking giants, Norway's Finanstilsynet has fined Danske Bank approximately $4.4 million (NOK 50 million) for market manipulation tied to a high-stakes government bond issuance in early 2023. The penalty underscores the seriousness of tampering with market benchmarks, particularly when taxpayer dollars are on the line.
The opioid crisis has left scars on communities across America, claiming hundreds of thousands of lives over the past two decades. While pharmaceutical manufacturers and rogue prescribers often dominate the headlines, pharmacy chains have increasingly found themselves in the DOJ’s crosshairs for their alleged role in this public health disaster. Now, Walgreens Boots Alliance, one of the nation’s largest pharmacy chains, faces a civil lawsuit from the Justice Department for allegedly fueling the epidemic by dispensing millions of unlawful prescriptions.
When it comes to managing hazardous waste, there's no room for error. After all, we're talking about materials that can seriously harm both people and the planet if not handled properly. But for years, Stericycle, a major player in waste management, was repeatedly caught in a web of regulatory missteps. Now, after a lengthy investigation, the Department of Justice (DOJ) and Environmental Protection Agency (EPA) have stepped in, announcing a $9.5 million settlement to hold the company accountable for its violations of the Resource Conservation and Recovery Act (RCRA).
It was a mistake that left a lot of people scratching their heads. Around 300,000 Honda and Acura drivers found themselves wrongly flagged as delinquent on their credit reports, despite having done nothing wrong. The culprit was a misstep by the American Honda Finance Corporation (Honda Finance), which has now been hit with a hefty $12.8 million penalty by the Consumer Financial Protection Bureau (CFPB).
The Securities and Exchange Commission (SEC) isn’t exactly easing into fiscal year 2025—it’s hitting the ground at a full sprint. With 200 enforcement actions logged between October and December 2024, including 118 standalone cases, the agency is making one thing clear: no stone is being left unturned in its mission to protect investors and uphold market integrity. October alone set a blistering pace, with 75 actions filed, marking the busiest single month since the turn of the millennium.
For the residents of Artesia, New Mexico, clean air has been a long time coming. Years of living in the shadow of HF Sinclair Navajo’s refinery—grappling with elevated benzene levels and smog-inducing emissions—have taken their toll on a community already bearing more than its fair share of pollution. But now, thanks to a recent settlement brokered by the Department of Justice (DOJ), the Environmental Protection Agency (EPA), and the New Mexico Environment Department (NMED), there’s a renewed promise of relief.