Twitter agreed to a $150 million settlement with the Department of Justice and Federal Trade Commission for violating a 2011 administrative order by “misrepresenting” how it used nonpublic user information.
Jeff Dale
Posted inEthics & Culture
Carreyrou lauds whistleblowers’ roles in helping expose Theranos fraud
John Carreyrou, whose reporting exposed blood-testing company Theranos as a fraud, discussed the vital role lab director Adam Rosendorff and his other colleagues that came forward played as sources during a fireside chat at Compliance Week’s National Conference.
Posted inRegulatory Enforcement
Allianz unit pleads guilty in $6B fraud settlement
Allianz Global Investors U.S. and three former portfolio managers were charged with lying to investors about a complex options trading strategy, as well as forging documents to cover up the scheme, leading to multibillion dollar losses.
Posted inEthics & Culture
Q&A: Compliance Mentor of the Year Mary Shirley
Mary Shirley, head of culture of integrity and compliance education at Fresenius Medical Care, discusses with Compliance Week what mentorship means to her and who has helped her along the way.
Posted inEthics & Culture
Q&A: Rising Star in Compliance Boon Kim Fam
Boon Kim Fam, legal director of compliance, Asia Pacific at clothing company PVH, discusses with Compliance Week how her cultural sensitivity, technical expertise, and sound international outlook have helped her navigate the global compliance field.
Posted inFinancial Services
Citi names Tom Anderson as new chief compliance officer
Tom Anderson will be the next chief compliance officer at Citi, effective June 1. His appointment comes two months after Mary McNiff stepped down from the role.
Posted inRegulatory Enforcement
Nvidia to pay $5.5M for ‘misleading’ disclosures of crypto mining’s impact
Nvidia agreed to pay a $5.5 million penalty as part of a settlement with the Securities and Exchange Commission concerning disclosures of the impact of crypto mining on its gaming business.
Posted inAccounting & Auditing
SEC accuses Vale of safety audit manipulation in 2019 dam collapse
Brazilian mining company Vale was accused by the Securities and Exchange Commission of making false and misleading safety audit and disclosure claims prior to the January 2019 collapse of its Brumadinho dam.
Posted inAccounting & Auditing
SEC hits ex-Domino’s accountant with nearly $2M insider trading penalty
A former Domino’s Pizza accountant was hit with a nearly $2 million penalty for using nonpublic earnings reports to gain an advantage in illegal trading activity, according to the Securities and Exchange Commission.
Posted inRegulatory Enforcement
CFTC: Ex-portfolio manager found liable in 2020 commodity pool fraud case
The Commodity Futures Trading Commission announced Edward Walczak, former portfolio manager for Catalyst Capital Advisors, was found liable by a jury for violating the Commodity Exchange Act.
