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Tag: U.S. Securities and Exchange Commission (SEC)


Evolv Technology gives regulatory update following SEC request

Monitoring

Evolv Technology gives regulatory update following SEC request

February 19, 2024SSN Staff

WALTHAM, Mass. – Evolv Technology, a security technology company working with AI-based weapons detection, has provided an update on a request received from the U.S. Securities and Exchange Commission (SEC). In a release from Evolv it revealed that on Feb. 16, 2024, the SEC notified the company it was initiating an investigation that was described as a confidential “non-public, fact finding inquiry.” Evolv noted the SEC’s explicit guidance that the investigation “should...

AI-based, Evolv Technology, Federal Trade Commission, U.S. Securities and Exchange Commission (SEC), Weapons Detection


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Johnson Controls Q1 report reflects tough quarter

Commercial

Johnson Controls Q1 report reflects tough quarter

January 31, 2024Ken Showers, Managing Editor

CORK, Ireland—Johnson Controls International (JCI) cited a ransomware attack and economic slowdowns in China contributing to tough first quarter 2024 results. From released documents Johnson Controls (JCI) revealed GAAP earnings per share (“EPS”) from continuing operations of $0.55. Excluding special items, adjusted EPS from continuing operations was $0.51. Sales in the quarter of $6.1 billion were flat compared to the prior year on an as reported basis and declined...

First Quarter (Q1), George R. Oliver, Johnson Controls (JCI), Marc Vandiepenbeeck, Ransomware, Security Systems News (SSN), U.S. Securities and Exchange Commission (SEC)


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Monitoring Matters

Trust fall

November 29, 2023Ken Showers, Managing Editor

Do you trust tech companies to protect and secure your personal privacy? According to one survey, it appears that a majority of smart home technology users do. Now I am writing this way too late into the evening, the post-holiday doldrums make for slow or quiet news weeks. So, while I’m brainstorming a topic for this week’s blog and sending some post witching hour emails, I began reading some survey data from an article. It’s not new data, the article is a few months old now,...

BlackCat, NortonLifeLock, Ransomware, Residential, smart home, U.S. Securities and Exchange Commission (SEC)


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Monitoring Matters

Trick or treatise

November 1, 2023Ken Showers, Managing Editor

As promised, I’m going to talk up a particular subject for this week’s Monitoring Matters, and we’re going to discuss lawsuits! While I write this the witching hour has come to pass and Halloween has run its course for the year, although probably not all the sugar in some of your bloodstreams (shame on you, that was your child’s candy). October went out with a bang however, with a couple of really big announcements for the security industry over the course of the month....

chief information security officer (CISO), lawsuit, NRG Energy, SkyBell Technologies, SolarWinds, Timothy G. Brown, U.S. Securities and Exchange Commission (SEC), Vivint


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SEC Charges SolarWinds, CISO, with Fraud and Internal Control Failures

Cybersecurity

SEC charges SolarWinds, CISO with fraud and internal control failures

October 31, 2023SSN Staff

WASHINGTON, D.C. – The Securities and Exchange Commission (SEC) announced charges against software company SolarWinds and its chief information security officer (CISO), Timothy G. Brown, for fraud and internal control failures relating to allegedly known cybersecurity risks and vulnerabilities. A release from the SEC makes note of the complaint which alleges that, from at least its October 2018 initial public offering through at least its December 2020 announcement that it was the target...

chief information security officer (CISO), Cybersecurity, fraud, Gurbir S. Grewal, SolarWinds, supply chain attacks, Timothy G. Brown, U.S. Securities and Exchange Commission (SEC)


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Sale of top AI chips to be halted with China per U.S. decree

Cybersecurity

Sale of top AI chips to be halted with China per U.S. decree

September 2, 2022Ken Showers, Managing Editor

YARMOUTH, Maine – Multinational American technology company NVIDIA said in a Securities and Exchange Commission filing August 26 that U.S. Government officials are enforcing the restriction of sales for its top AI chips with China. The move comes as tension continues to grow between the two countries and rising fears of China using the technology for military applications and surveillance applications domestic and abroad. On the chopping block of note are the company’s A100, H100,...

Artificial Intelligence (AI), China, Jensen Huang, Machine Learning, machine learning (ML), NVIDIA, Tech Blockade, U.S. Securities and Exchange Commission (SEC)


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Also Noted

Johnson Controls announces prices for senior notes offering

August 26, 2022SSN Staff

CORK, Ireland – Fire, HVAC, and building security equipment provider Johnson Controls has announced the pricing on its senior notes offering. According to the company’s official release, the pricing of its offering is at €600 million senior notes due 2028. The company said that net proceeds will be used for general purposes, including debt repayment, but could include acquisitions, repurchase of ordinary shares, additions to working capital and other corporate purposes. “Tyco...

J.P. Morgan, Johnson Controls (JCI), security equipment, senior notes, U.S. Securities and Exchange Commission (SEC)


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Also Noted Residential

Brinks Home Security to file Form 15 with SEC, end public trading of stock

January 26, 2021SSN Staff

DALLAS—Brinks Home Security, a home security and alarm monitoring company, announced that it intends to voluntarily deregister its common stock under the Securities Exchange Act of 1934, ending the public trading of its common stock. In the announcement Brinks said it intends to file “post-effective amendments to its outstanding registration statements on Form S-3 and S-8 to deregister unsold securities thereunder, with the U.S. Securities and Exchange Commission (SEC) no earlier than...

Brinks Home, U.S. Securities and Exchange Commission (SEC)


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Residential

McGinn, Smith found guilty of fraud

February 13, 2013Tess Nacelewicz

ALBANY, N.Y.—A federal jury on Feb. 6 convicted security industry investors Timothy McGinn and David L. Smith of conspiracy to commit mail and wire fraud, mail fraud, wire fraud, securities fraud, and filing false tax returns, according to Richard Hartunian, U.S. attorney for the Northern District of New York. The two—who also are facing a civil suit by the Securities and Exchange Commission claiming they bilked investors of at least $80 million in a Ponzi scheme—will be sentenced...

David Smith, Integrated Alarm Service Group, Timothy McGinn, U.S. Securities and Exchange Commission (SEC)


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Residential

AMP: Former Platinum space good fit

August 15, 2012Tess Nacelewicz

AMERICAN FORK, Utah—The large, dramatic letters emblazoned across the top of the imposing new office building here used to read “Platinum.” Now they say “AMP”—because financially beleaguered Platinum Protection has vacated the space and it is now AMP's headquarters. AMP Security President Ryan Lee told Security Systems News that AMP, a summer-sales-model company like Platinum, wasn't really looking to move, but the 28,000-square-foot office space it...

Allen Jacobson, AMP Alarm, AMP Security, Jared Hallows, Mike Melzer, Platinum Protection, Ryan Lee, Security Systems News (SSN), U.S. Securities and Exchange Commission (SEC), Vector Security, Wendell Jacobson


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