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U.S. SEC chief unveils plan to overhaul Wall Street stock trading REUTERS The top U.S. securities regulator on Wednesday proposed rule changes to transform how Wall Street handles retail stock trades after the meme stock mania last year raised questions about whether mom-and-pop investors were getting the best price. read more » Whistleblower sues Eli Lilly over drug manufacturing problems REUTERS

Prosecutors charge a crypto employee with insider trading NEW YORK TIMES Manhattan prosecutors on Wednesday accused a former employee of OpenSea, an auction site for the digital goods known as nonfungible tokens, or NFTs, of insider trading. It is believed to be the first such case filed related to a cryptocurrency company. read more »

SEC Charges Global Steel Pipe Manufacturer with Violating Foreign Corrupt Practices Act SEC

Woman Indicted for Prescribing Medically Unnecessary Medical Equipment in $8.8 Million Health Care Fraud Scheme DOJ A Georgia woman was arrested yesterday in Hampton, Georgia, on criminal charges related to her alleged scheme to defraud Medicare by prescribing medically unnecessary durable medical equipment (DME), which was then billed to Medicare. read more »

Caris Life Sciences Pays over $2.8 Million to Settle False Claims Act Allegations from Delay in Submission of Genetic Cancer Screening Tests DOJ

U.S. SEC looking into Musk's Twitter stake purchase REUTERS he U.S. Securities and Exchange Commission (SEC) is looking into Tesla Chief Executive Officer Elon Musk's disclosure of his stake in Twitter Inc (TWTR.N) in early April, according to a letter the agency sent to him in April. read more » Justice Department Files False Claims Act Complaint Against Six Physicians in Texas Relating to Alleged Kickbacks and Improper Laboratory Testing Claims DOJ

United States Attorney Chris Kavanaugh Announces $3,000,000 Settlement in False Claims Act Case Against HEYtex USA DOJ

Glencore to pay $1bn settlement amid US bribery and market abuse allegations THE GUARDIAN

SEC Charges BNY Mellon Investment Adviser for Misstatements and Omissions Concerning ESG Considerations SEC

Miami-Based VirtuOx, Inc. Agrees to Pay $3.15 Million to Resolve Allegations that it Fraudulently Billed Medicare DOJ

A federal appeals court says the S.E.C.’s use of an in-house judge violates defendants’ rights. SEC The ruling by an appeals court covering Texas, Louisiana and Mississippi applies only in that territory, but it’s the latest challenge to the way the agency handles enforcement actions. read more » Former South Florida Pharmacy Technician Pleads Guilty to $40 Million Kickback Conspiracy Targeting Military Health Care Programs DOJ

SEC Charges Allianz Global Investors and Three Former Senior Portfolio Managers with Multibillion Dollar Securities Fraud SEC

SEC Obtains Emergency Relief to Halt Pre-IPO Stock Fraud Scheme by Unregistered Broker-Dealer SEC

UK’s FCA has assessed less than 25% of whistleblowing reports it received in 2021 THOMSON REUTERS

Managers of Arizona Telemedicine Company Admit Roles in $64 Million Nationwide Kickback, Health Care Fraud Schemes DOJ

Citi to overhaul London trading team linked to 'flash crash' REUTERS Citigroup (C.N) is overhauling the leadership of one of the teams linked to a 'flash crash' that sent European stock markets tumbling this month, three sources told Reuters. read more » Bitcoin investors are panicking as a controversial crypto experiment unravels CNBC

SEC Issues Nearly $3.5 Million Award to Four Whistleblowers SEC

SEC Nearly Doubles Size of Enforcement’s Crypto Assets and Cyber Unit SEC

SEC Charges Brazilian Mining Company with Misleading Investors about Safety Prior to Deadly Dam Collapse SEC