SEC Sticks BNY Mellon With $14.8 Million Fine Over Internships – ValueWalk Premium

SEC Sticks BNY Mellon With $14.8 Million Fine Over Internships

BNY Mellon is in hot water over not playing fair with its internship program.

The Securities and Exchange Commission announced Tuesday that the multinational banking and financial services corporation has agreed to pay $14.8 million to settle charges that it violated the Foreign Corrupt Practices Act (FCPA). The firm allegedly provided student internships to family members of foreign government officials affiliated with a Middle Eastern sovereign wealth fund.

SORRY!

This content is exclusively for paying members.

If you are subscribed and having an account error please clear cache and cookies if that does not work email support@valuewalk.com or click Chat.


X
Saved Articles
X
TextTExtLInkTextTExtLInk
Here’s a Tip: Read What Professional Investors Read

ValueWalk Premium is for investors looking to improve their investment process AND keep up-to-date on the latest industry trends.

It’s THE resource for value investing and hedge funds.   

And with a free three-day trial and $29.99 per month thereafter, it’s a value in its own right.

SIGN UP NOW
0