Articles | Compliance Week – Page 29
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ArticleCybersecurity, beneficial ownership lessons found in SEC fraud case
Charges levied by the Securities and Exchange Commission regarding an international scheme in which hackers accessed online brokerage accounts to manipulate stock prices impart cybersecurity and beneficial ownership lessons for compliance professionals.
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ArticleFTC warns against COPA laws for hospital mergers
The Federal Trade Commission is urging state lawmakers to avoid the use of Certificates of Public Advantage for hospital mergers, warning the certificates increase costs for patients, slow wage growth for healthcare workers, and lead to compliance difficulties.
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Cullinan Oncology names chief legal, compliance officer
Biotechnology researcher Cullinan Oncology announced the appointment of Jacquelyn Sumer as chief legal and compliance officer and corporate secretary.
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JBS appoints global chief ethics and compliance officer
Global meat processing company JBS announced the appointment of Michael Koenig as global chief ethics and compliance officer.
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ArticleFraud risks grow as cost of living soars
Just as fraud grew during the Covid-19 pandemic, so will it now flourish with prices at historic highs. The question is just how widespread this fraud surge will prove to be and what can be done to help prevent it.
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L&T Technology Services names general counsel
L&T Technology Services Limited, a global engineering services company, announced the appointment of Nandini Nair as global general counsel in charge of legal compliance.
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ArticleGoogle fined $42M for misleading Australian customers on data collection
Google was ordered to pay 60 million Australian dollars (U.S. $42 million) to resolve charges levied by Australia’s competition regulator it misled its Australian customers about how to opt out from the collection of their personal location data.
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Texas Capital Bancshares appoints chief compliance officer
Texas Capital Bancshares, the parent company of Texas Capital Bank, announced the appointment of Vivek Misra as executive vice president, chief compliance officer.
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Dibbs names chief compliance officer
Dibbs, a blockchain-enabled collectibles marketplace, announced the appointment of Bill Plumeri as chief compliance officer.
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ArticleIFP Advisors fined $400K for supervision failures in ex-rep’s ‘cherry-picking’ scheme
The Securities and Exchange Commission settled charges against Florida-based investment adviser IFP Advisors and its former representative relating to a multiyear “cherry-picking” scheme.
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ArticleFTC seeks to expand authority on data breaches, commercial surveillance
The Federal Trade Commission is seeking comment on potential rules that would penalize companies that suffer data breaches due to lax cybersecurity protocols and punish firms that engage in abusive commercial surveillance practices.
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RSA Insurance appoints international chief compliance officer
RSA Insurance announced the appointment of Peter Townsend as chief compliance officer for the company’s United Kingdom and international business.
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ArticleSarbanes-Oxley 20th anniversary: Time to revisit SOX programs
Twenty years ago, in the aftermath of the Enron and WorldCom financial reporting scandals, Congress acted and created the Sarbanes-Oxley Act of 2002. Such a milestone anniversary marks a good time for organizations to refresh, rethink, and modernize their SOX programs.
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ArticleWe bet you’ll love us: Try Compliance Week risk-free for 30 days
For a limited time, Compliance Week is offering 30-day free trial memberships to demonstrate the value we bring to those who serve the cause of ethics and compliance.
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ArticleEx-JPMorgan traders found guilty in spoofing case
Gregg Smith and Michael Nowak, former precious metals traders at JPMorgan Chase, were found guilty of fraud, attempted price manipulation, and spoofing as part of a near decade-long market manipulation scheme involving thousands of illegal trades.
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ArticleSEC, CFTC propose large hedge funds provide more financial disclosure
The SEC and CFTC proposed expanding Form PF disclosure requirements for large hedge funds to include more information on their investment strategies, investment exposure, open positions, and borrowing arrangements with counterparties, among other areas.
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Crum & Forster adds chief risk officer
Crum & Forster, a national property and casualty insurance company, announced the appointment of Nick Cook to the newly created role of chief risk officer.
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ArticleBIS charges Chinese cable giant with export control violations
The Commerce Department’s Bureau of Industry and Security charged China’s largest cable and wire manufacturer Far East Cable with export control violations related to its alleged dealings with telecommunications company ZTE to circumvent U.S. restrictions against Iran.
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JetBlue’s new associate general counsel to head compliance, privacy
Airline JetBlue announced the appointment of Renée Anckner as vice president, associate general counsel. She will serve as the company’s principal compliance and privacy officer in this role.
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ArticleDOJ-informed compliance guidance helps Home Depot prep for potential scrutiny
How can a company prove its compliance bona fides to a regulator, should one ever come knocking on its door? The Home Depot has prepared for such a scenario with detailed guidance pegged to the DOJ’s “Evaluation of Corporate Compliance Programs.”