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The Securities and Exchange Commission said Friday that World Wrestling Entertainment co-founder Vince McMahon will pay more than $1.7 million in relation to charges that he failed to disclose payment agreements related to sexual assault charges. The SEC said McMahon circumvented WWE internal accounting controls and caused material misstatements in the company’s 2018 and 2021 financial statements. He will pay a $400,000 civil penalty and reimburse WWE approximately $1,331,000. The SEC alleges McMahon failed to disclose one $3 million payment paid to a former WWE employee — and another $7.5 million paid to a female independent contractor — in exchange for their not filing claims against him. In 2022, the Wall Street Journal reported McMahon had paid $3 million to a former WWE employee to quash sexual assault allegations.

Persons: Vince McMahon, McMahon, ” Thomas P, Smith Jr, I’m, —, Janel Grant, Linda McMahon, Vince McMahon’s, Donald Trump’s Organizations: Securities, Exchange Commission, Wrestling Entertainment, SEC, WWE, “ Company, New York Regional Office, DOJ, Wall Street

☆ Ex-WWE CEO Vince McMahon settles SEC charges over undisclosed settlements
▼ + stars: | 2025-01-10 | by ( John Towfighi | ) edition.cnn.com time to read: +4 min

The undisclosed settlement payments caused issues with WWE’s financial accounting and disclosures, the SEC added. In one of the undisclosed settlements, McMahon paid a former employee $3 million for her to agree not to disclose her relationship with McMahon or make claims against him or the WWE, the SEC said. In the other undisclosed settlement, McMahon paid an independent contractor $7.5 million for her not to disclose allegations against McMahon, the SEC said. “There was never anything more to this than minor accounting errors with regard to some personal payments that I made several years ago while I was CEO of WWE,” McMahon said in a statement. In January 2024, McMahon stepped down as chairman of TKO, WWE’s parent company, following allegations of sexual assault and trafficking.

Persons: Vince McMahon, McMahon, ”, ” McMahon, “ I’m, ” Thomas P, Smith Jr, Linda, Donald Trump’s, Laura Brevetti, Linda McMahon, ” Brevetti, “ Ms, ” Jessica Rosenberg, Rosenberg, Rita Chatterton, “ Mr, Ms, Chatterton, ” Jerry McDevitt Organizations: CNN, Securities, Exchange Commission, World Wrestling Entertainment, SEC, WWE, TKO, “ Company, New York Regional, Education, Street

☆ SEC fines Goldman Sachs $6 million over inaccurate, incomplete trading information
▼ + stars: | 2023-09-22 | by ( Chelsey Cox | ) www.cnbc.com time to read: +1 min

WASHINGTON — The U.S. Securities and Exchange Commission on Friday announced a $6 million penalty against Goldman Sachs for providing incomplete and inaccurate trading information to the regulator. The banking giant made more than 22,000 deficient "blue sheet" submissions over a roughly 10-year period, affecting at least 163 million transactions, according to an SEC order. The SEC routinely sends these electronic requests to brokers for securities trading information to identify buyers and sellers. The firm is "pleased to have resolved this matter," Abbey Collins, a spokesperson for Goldman Sachs, told CNBC. But the SEC also found that Goldman had insufficient internal processes to verify the accuracy of its blue sheet submissions.

Persons: WASHINGTON, Goldman Sachs, Thomas P, Smith Jr, Goldman, Abbey Collins, Collins Organizations: The U.S . Securities, Exchange Commission, SEC, New York Regional Office, CNBC Locations: The

Mistakes by air traffic controllers — stretched thin by a nationwide staffing shortage — have been one major factor. So do the air traffic controllers who scour the skies and manage takeoffs and landings. The number of fully trained air traffic controllers nationwide has fallen 10 percent in the past decade. data and the agency’s most recent “Air Traffic Controller Workforce Plan.”Nearly all U.S. air traffic control facilities are understaffed Circles represent 313 air traffic facilities in the United States, including airport towers and larger regional centers. Desiree Rios for The New York TimesPilots, air traffic controllers and federal investigators have warned repeatedly that America’s air safety system is fraying.

Persons: Louis Armstrong, —, ”, Biden, Matthew Lehner, Mr, Lehner, Ilana Panich, Kennedy, Jan, “, ” Jennifer Homendy, Joe Raedle, Reagan, Desiree Rios, ’, ‘ Organizations: Southwest Airlines, Louis Armstrong New, International Airport, Delta Air, New, Airport, American Airlines, Frontier Airlines, Frontier, Federal Aviation Administration, The New York Times, United Airlines, American, Airbus, louisiana Magnolia, Times, Phoenix, NASA, Aviation, Pilots, Technology, U.S, Airlines, United, “, Bergstrom International Airport, Kennedy International, Delta, FedEx, JetBlue Airways, JetBlue, National Transportation Safety, Spirit Airlines, Fort Lauderdale, Las Vegas, San, Casper, Federal Aviation, The Times, FAA, National Transportation Safety Board, Department of, Gulfstream, Miami, The New York Times Pilots, Flying Magazine, Sky Harbor, Boeing Locations: Airport Mississippi, New Orleans, San Francisco, American, Dallas, louisiana, louisiana Magnolia Minden arkansas, Minden louisiana, United States, U.S, San Diego, Phoenix, Swiss, Continental, Buffalo, United, Delta, Southwest, —, Austin, Texas, New York, Austin , Texas, Sarasota , Fla, Burbank, Calif, Boston, New York City, Fort, Salt Lake, Ontario, Denver, Las, Portland ,, Baltimore, Miami, Peoria, Ill, Fort Worth, Jacksonville, Fla, Philadelphia, Fort Lauderdale, Lexington, Ky, Tampa

Staffing shortages strained supervisory resources, particularly at the FDIC's New York regional office, in the years leading up to the collapse of Silicon Valley Bank and Signature Bank in March, both regulators said. Both the Fed and FDIC highlighted that their oversight ranks grew leaner even as the institutions they were tasked with reviewing grew larger and more complex. At the Fed, supervisory hours at SVB declined at the same time the Santa Clara, California-based bank was experiencing rapid growth starting in 2017. While the Fed had 15 full-time employees staffed on the supervisory team for SVB, the bank received fewer supervisory resources through 2021 compared to similar banks. "Examination resource shortages, particularly in the New York region, are a mission-critical risk that will require a sustained whole-of-agency response," the FDIC said.

☆ United Airlines to pay $305,000 to a Buddhist pilot who refused to attend Alcoholics Anonymous meetings
▼ + stars: | 2022-11-13 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

United Airlines will pay $305,000 to a Buddhist pilot who refused to attend AA on religious grounds. United agreed to accommodate staff from non-Christian faiths in its program in the future. A step to regaining the certification in United's HIMS occupational substance abuse treatment program involves attending AA meetings. United rejected his suggestion of using the Buddhism-based peer support group Refuge Recovery as an alternative, the commission said. To resolve the lawsuit, United will pay the pilot $305,000 in back pay and damages and reinstate him into its HIMS program while allowing him to attend a non-12-step peer recovery program.

☆ Brandy Melville employees describe racism, Hitler memes, and sexual exploitation at the 'evil' cult teen brand
▼ + stars: | 2021-09-07 | by ( Kate Taylor | ) www.businessinsider.com time to read: +34 min

According to Brandy Melville employees, CEO Stephan Marsan wants his staffers to be young, thin, pretty, and white. But to secure their spot in the world of Brandy Melville, employees at all levels said they had to endure — and often enforce — Marsan's beliefs. Hollis Johnson/InsiderIn late September 2017, Stephenie Legros, who is Black, was nearing her first anniversary as a Brandy Melville employee. Brandy Melville USA/InstagramSeveral former employees mentioned the behavior of Longo, the brand's top executive alongside Marsan while Brandy Melville gained footing in the US. Brandy Melville USA/Instagram"Every year that goes by, the beauty standard is shifting a little bit," a Black woman who worked at Brandy Melville from 2016 to 2019 said.

Persons: Brandy Melville, Stephan Marsan, Marsan, Luca Rotondo, Rotondo, Rotondo's, texted, Stephan Marsan texted Luca Rotondo, Luca Rotondo Brandy Melville, Bella Hadid, — Brandy, —, It's, Casuals, Mina Marlena, Brandy, gushed, Franco, Sorgi, Scarlett Rose Leithold, She's, Stephan, Franco Sorgi, Brandy Melville's, Brandy Melville Canada's Instagram, Instagram Sorgi, Salvatore Rianna, Yvan Marsan, Stephan's, Rianna, Yvan didn't, Yvan, accroding, Paolo Simeone, YYGM, Simeone, Jessy Longo, Hollis Johnson, Stephenie Legros, Legros, she'd, that's, Hitler, — Marsan, Matteo Centaro, Adriano de Petris, Roberto Tatti, Marsan's, it's, Brandy Melville's Instagram, Longo, Marlena, Brandy Melville Instagram, Naomi Campbell, tickling, Andrea Castagnasso, Castagnasso, She'd, Frédéric Bastiat, John Galt, Neil Saunders, Saunders, Tristram Buckley, Buckley, he's, PacSun, Abercrombie, Goldman Sachs, Michael Light, Brandy Melville doesn't, They're, they'd, Ruqayyah Moynihan Organizations: Business, Bastiat, Employees, Brandy Melville USA, Viterbo News, UCLA, New York, Franco, New York City, YYGM, Bastiat USA, Beach, Miss, Nazi, Geographic, York, New, Santa, Records Locations: Newport Beach, Italian, Newport, American, Melville, Rome, Bastiat USA, United States, Massachusetts, Canadian, Canada, Viterbo, Italy, Westwood , California, California, New, Brandy, New York, Swiss, Ontario, New York , California , Connecticut, Marsan, Brandy Melville's New York, New York City, West, Santa Monica, Hawaii, SoHo, Coachella, Longo, San Francisco, Brooklyn, Los Angeles, Iselin , New Jersey, Europe

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