MGM Resorts International said it expects to take a $100 million hit as part of the fallout of a cyberattack that has most significantly impacted its Las Vegas operations.
Jeff Dale
Posted inRegulatory Enforcement
FINRA orders Santander unit to pay $100K over supervision failures
Santander U.S. Capital Markets agreed to pay $100,000 to settle allegations by the Financial Industry Regulatory Authority regarding supervision failures related to misuse of material nonpublic information.
Posted inSurveys & Benchmarking
Survey finds gender parity progress in general counsel compensation
Pay among women general counsel outpaced men in 2022 for only the second time since 2018, according to the latest compensation benchmarking report from corporate leadership data provider Equilar.
Posted inRegulatory Enforcement
Discover dodges fine in FDIC order over consumer compliance shortcomings
Discover Financial Services disclosed it avoided a monetary penalty in agreeing to a consent order with the Federal Deposit Insurance Corporation over alleged compliance shortcomings at its subsidiary bank.
Posted inEthics & Culture
Ericsson takes acting off chief compliance officer’s title
Swedish telecommunications company Ericsson announced the appointment of Jan Sprafke as its full-time chief compliance officer.
Posted inRegulatory Enforcement
FTC, Latin American countries partner on fighting cross-border fraud
The Federal Trade Commission is partnering with Chile, Colombia, Mexico, and Peru to fight cross-border fraud, with other consumer protection authorities invited to join in the future.
Posted inRegulatory Enforcement
DOJ orders Cigna to pay $172M over false claims to Medicare
Multinational health insurance company Cigna agreed to pay more than $172 million as part of a settlement with the Department of Justice addressing allegations it submitted and failed to withdraw false claims to Medicare.
Posted inRegulatory Enforcement
DHS designates three Chinese companies for Uyghur forced labor
The Department of Homeland Security designated three companies to a growing list accused by the Biden administration of forced labor practices in the Xinjiang region of China.
Posted inRegulatory Enforcement
Cybersecurity firm Intrusion to settle SEC fraud claims
Texas-based cybersecurity company Intrusion was charged with fraud by the Securities and Exchange Commission regarding alleged materially false and misleading statements made by its former chief executive.
Posted inRegulatory Enforcement
Bruderman Asset Management dinged $250K by SEC over disclosure lapses
The Securities and Exchange Commission ordered New York-based investment adviser Bruderman Asset Management and its principal to pay a total of $250,000 over their alleged failure to disclose misuse of profits raised from clients.