JPMorgan CEO Jamie Dimon at the Fortune Global Forum in 2013. Photo by Fortune Live Media.
23 Nov 2016

JPMorgan Pays $264 Million Fine For Bribing Chinese Officials

The latest payment of $264 million comes after JPMorgan hired the relatives of Chinese government officials to win business in China.

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File: San Francisco's Golden Gate Bridge seen through a thick fog. (Wikimedia Commons / Brocken Inaglory)
22 Oct 2015

SEC Facing Criticism For Proposed Rules That Reduce Transparency

The SEC’s proposal would make it harder to bring charges of securities fraud by giving Wall Street companies more room to withhold vital information.

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BNY Mellon building (via Mentatmark on Flickr)
24 Sep 2015

No Disclosure Of Foreign Participants In Corruption Probe Of BNY Mellon

Last August, the SEC reached an agreement with BNY Mellon wherein the bank paid $14.8 million to settle charges that the company violated the Foreign Corrupt Practices Act (FCPA) by hiring unqualified interns in exchange for continued access to an unnamed “Middle Eastern Sovereign Wealth Fund.” Not only was the sovereign wealth fund involved in the corruption not named, neither where the two officials who asked for jobs for their relatives.

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The exterior of the Securities and Exchange Commission headquarters in Washington, D.C., photographed on February 2, 2012. (Flickr / Securities and Exchange Commission)
21 Sep 2015

SEC Commissioner’s Husband Caught Marketing Influence

The law firm that employs John W. White, husband of Mary Jo White, Chairperson of the Securities and Exchange Commission (SEC), has changed its marketing material after being scrutinized for the way the firm advertised its connections to regulators. The firm, Cravath, Swaine & Moore, was trumpeting John White’s work for an advisory group to the influential Public Company Accounting Oversight Board (PCAOB) just as Mary Jo White, in her capacity as SEC chair, is considering candidates to lead the PCAOB.

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1 Wall Street, the Bank of New York Buidling By Jim in Times Square (Flickr) [CC BY 2.0 (http://creativecommons.org/licenses/by/2.0)], via Wikimedia Commons
01 Sep 2015

BNY Mellon Bank Settles Corruption Charges Over Hiring Foreign Officials’ Relatives

On August 18, the SEC announced that the Bank of New York Mellon Corporation (BNY Mellon) agreed to pay $14.8 million to settle charges that it violated the Foreign Corrupt Practices Act (FCPA), when the bank gave out highly sought-after student internships to the relatives of foreign government officials in

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