| The Securities and Exchange Commission (SEC) has recommended disciplinary action against one of the world’s largest custodian banks and asset managers for alleged violations of the US Foreign Corrupt Practices Act.
BNY Mellon noted in an 8-K filing to the government agency this month that it had received a Wells notice “in connection with the provision of a limited number of internships to relatives of sovereign wealth fund officials” in the third quarter of last year...............................................Full Article: Source |