Articles | Compliance Week – Page 21
-
ArticleSEC reverses Clayton-era whistleblower rule changes
The Securities and Exchange Commission amended its rules to provide further incentives to whistleblowers, particularly in cases involving large payouts or multiple federal agencies.
-
ArticleTaronis Fuels to pay $5.1M in SEC fraud settlement
Industrial gas and water products manufacturer Taronis Fuels agreed to pay $5.1 million to settle fraud charges levied by the Securities and Exchange Commission.
-
ArticleGranite Construction fined $12M over exec accounting fraud scheme
California-based civil engineering and infrastructure firm Granite Construction agreed to pay $12 million to settle Securities and Exchange Commission charges alleging fraud related to inflation of the company’s financial performance.
-
ArticleU.S., Israel finalize deal on cybersecurity cooperation
The United States and Israel have finalized an agreement to work together to protect the financial sector from cybersecurity attacks, the U.S. Treasury Department announced.
-
ArticleAccor fined $600K under GDPR after EDPB intervention
French hotel chain Accor had its initial fine for cross-border data privacy violations increased sixfold after one data regulator involved in the decision-making process complained an original penalty of €100,000 (U.S. $99,900) was too low.
-
ArticleSEC censures Farber Hass Hurley over accounting exam deficiencies
California-based accounting firm Farber Hass Hurley and two of its partners settled charges with the Securities and Exchange Commission alleging “repeated failures” in conducting custody examinations for two SEC-registered investment advisers.
-
Article
Too little, too late? SEC adopts long-dormant pay vs. performance rule
After years of sitting on the shelf, the pay vs. performance rule mandated by the Dodd-Frank Act was adopted by the Securities and Exchange Commission.
-
Article‘A step in the process’: PCAOB, China agree on U.S. audit access
U.S. audit regulators are set to end yearslong inspection barriers to the work of public accounting firms headquartered in mainland China and Hong Kong after the Public Company Accounting Oversight Board reached agreement with Chinese regulators on a new access framework.
-
ArticleJudge OKs Robinhood $20M data breach settlement
Online stock trading platform and broker-dealer Robinhood Financial moved closer to paying $20 million as part of a class-action settlement with thousands of customers whose accounts were allegedly accessed by unauthorized users.
-
ArticleSephora fined $1.2M in first public CCPA enforcement
Cosmetics retailer Sephora agreed to pay $1.2 million in the first public enforcement action under California’s landmark consumer privacy law.
-
ArticleLawsuit: HSBC Bank exec alleges discrimination, unauthorized WhatsApp use
Monique Thacker, a current HSBC Bank USA executive, claimed in a federal lawsuit she was discriminated and retaliated against for raising regulatory violations involving unauthorized communications by bank employees that were downplayed or ignored by management.
-
ArticleTether prepared to defy controversial U.S. sanctions on Tornado Cash
Cryptocurrency platform Tether is set to defy U.S. sanctions by holding firm on its refusal to freeze relevant Tornado Cash addresses until receiving further instruction from law enforcement agencies.
-
Article
McAfee promotes CCO to chief legal, compliance officer
McAfee promoted Chief Compliance Officer Sarah Decker to senior vice president, chief legal and compliance officer.
-
ArticleLawsuit: Lax Coinbase cybersecurity led to theft of customers’ crypto
Coinbase is the subject of a class-action lawsuit alleging cybersecurity failures at the cryptocurrency exchange are to blame for customer accounts losing thousands of dollars in crypto, with the company not doing enough to prevent further thefts.
-
ArticleEssilor agrees to $22M settlement over kickback charges
Essilor, a manufacturer and distributor of optical lenses and equipment, will pay $22 million to settle allegations it paid kickbacks to spur sales in violation of the False Claims Act.
-
Article
Vistra adds chief strategy and sustainability officer
Texas-based power generation and electricity company Vistra announced the appointment of Stacey Doré as chief strategy and sustainability officer.
-
Article
Virtru names general counsel in charge of compliance
Data and cybersecurity company Virtru announced the appointment of Mishi Choudhary as senior vice president and general counsel.
-
Article
Sound Point appoints chief compliance officer
Asset management firm Sound Point Capital Management announced the appointment of Andrea Sayago as chief compliance officer and associate general counsel.
-
ArticleBig bank messaging app crackdown exposes policy holes, monitoring struggles
U.S. regulators have signaled through an impending widespread enforcement sweep they are zeroing in on banker use of messaging apps to discuss business matters. The cases emphasize the need for financial services firms to enhance their monitoring and recordkeeping.
-
ArticleTwitter whistleblower says poor cybersecurity invites breaches, manipulation
Peiter Zatko, a former cybersecurity executive at Twitter, has blown the whistle on his observations of systemic data security lapses at the company, undercounting of fake accounts, and how the social media platform could be manipulated by foreign intelligence services.