Articles | Compliance Week – Page 17
-
Article
JBS names global chief sustainability officer
JBS, the world’s largest meat processing company, announced the appointment of Jason Weller as its first global chief sustainability officer.
-
ArticleRaymond James unit fined $500K for supervisory failures
A broker-dealer unit of Raymond James Financial agreed to pay $500,000 as part of a settlement with the Securities and Exchange Commission for alleged supervisory failures that included the input of a misinformed compliance officer.
-
ArticleCollateral damage aplenty in NYAG lawsuit against Trump Organization
The New York Attorney General’s lawsuit against former President Donald Trump is solely focused on penalizing his business and cohorts, but firms like Mazars and Deutsche Bank don’t come off well from a due diligence perspective.
-
ArticleFocus on professional enablers puts lawyers in spotlight
While the extent of lawyers’ and law firms’ involvement in money laundering remains difficult to quantify, their potential role as professional enablers has become increasingly salient.
-
ArticleArcadia fined $90K for custody rule violations; CCO to undergo training
New York-based investment adviser Arcadia Wealth Management will pay $90,000 for violating a Securities and Exchange Commission rule by failing to obtain “surprise” examinations of advisory client assets.
-
ArticleToews fined $150K over proxy voting violations
Investment adviser Toews Corp. agreed to pay $150,000 as part of a settlement with the Securities and Exchange Commission over proxy voting rule violations that prompted two commissioners to issue a dissenting statement.
-
ArticleIreland interpretations of GDPR criticized again in Instagram case
In fining Instagram a record €405 million (U.S. $405 million) for General Data Protection Regulation violations regarding the safeguarding of teenage users’ data, the Irish Data Protection Commission took some heat of its own.
-
Article
Waddell & Reed to pay $775K over wrap fee compliance failures
Investment adviser Waddell & Reed will pay about $775,000 as part of a settlement with the Securities and Exchange Commission for compliance failures and breaching its fiduciary duty.
-
Article
Sparkster to pay $35M for selling unregistered crypto securities
Software development company Sparkster and its CEO Sajjad Daya agreed to collectively pay more than $35 million for the offer and sale of unregistered crypto securities.
-
ArticleMorgan Stanley unit fined $35M for mishandling customer data
Morgan Stanley Smith Barney agreed to pay $35 million to settle Securities and Exchange Commission charges it repeatedly disregarded the safeguarding of clients’ personal data in decommissioning local storage devices.
-
ArticleTreasury seeking comment on illicit finance risks posed by digital assets
The Treasury Department is seeking public input on how to address illicit finance and national security risks posed by digital assets, part of a multipronged push by the Biden administration to hold bad actors accountable and identify potential enforcement and regulatory gaps.
-
ArticleCFTC commissioner calls for agency to require more admissions of guilt
Commissioner Christy Goldsmith Romero would like the Commodity Futures Trading Commission to stop offering no-fault settlements as a matter of routine but instead force more individuals and corporations to accept responsibility for their wrongdoing.
-
Article
South Korea data regulator fines Google, Meta combined $72M
South Korea’s data regulator fined Google and Meta a total of ₩100 billion (U.S. $72 million) for violating the country’s personal data collection law, which forbids the collection and use of personal information without user consent.
-
Article
HP recruits general counsel from Yahoo
Tech giant HP recruited Julie Jacobs to join next month as its chief legal officer and general counsel. Jacobs serves as senior executive vice president, general counsel and corporate secretary at Yahoo.
-
ArticleDems seek stronger HIPAA privacy for abortion patients
Democratic senators are urging the Department of Health and Human Services to strengthen federal health privacy protections for abortion patients by updating the HIPAA Privacy Rule.
-
ArticleSEC fines four in pay-to-play enforcement sweep
Four investment advisers were fined between $45,000 and $95,000 by the Securities and Exchange Commission for violating the agency’s pay-to-play rule.
-
Article
OnPoint promotes general counsel to chief legal officer
OnPoint Community Credit Union announced the appointment of Wendy Beth Oliver as senior vice president and chief legal officer.
-
ArticleBrazil airline Gol settles FCPA bribery charges for $41M
Brazilian airline Gol agreed to pay $41 million as part of reduced settlements addressing bribery investigations conducted by authorities in the United States and Brazil.
-
Article
MIG appoints chief legal officer in charge of compliance
McNeill Investment Group, formerly McNeill Hotel Investors, announced the appointment of Sussan Harshbarger as a managing director and chief legal officer.
-
Article
Pinterest names chief legal officer to head compliance
Social media company Pinterest announced the appointment of Wanji Walcott as chief legal officer, effective Nov. 14.