Climate change activists are upping the pressure on public companies to disclose the risks they face due to a potential environmental catastrophe. Those efforts include an SEC petition for rulemaking and a new Senate bill.
Joe Mont
Posted inRegulatory Enforcement
Musk mocks SEC on Twitter
Within days of reaching a settlement with the Securities and Exchange Commission over what it says was “false and misleading” information delivered to investors via Twitter, Tesla founder Elon Musk is back online and taunting the regulator.
Posted inUncategorized
CFTC could overhaul cross-border derivatives approach
CFTC Chairman J. Christopher Giancarlo plans to spearhead new rule proposals to address a range of cross-border issues with swaps regulation.
Posted inUncategorized
Federal court: Virtual currency is a commodity, in CFTC purview
A federal court has ruled that the Commodity Futures Trading Commission has the power to prosecute fraud involving virtual currency.
Posted inUncategorized
A thumbs up for smaller banks sharing BSA AML resources
Federal bank regulators have announced that certain community banks and credit unions may share resources in an effort to bolster Bank Secrecy Act compliance and anti-money laundering obligations.
Posted inUncategorized
Senators urge FTC crackdown on child privacy
Senators Edward J. Markey (D-Mass.) and Richard Blumenthal (D-Conn.) are calling upon the FTC to investigate the practices of app developers and app stores accused of accessing children’s sensitive data without required consent.
Posted inData Privacy
FTC urges a ‘rethink’ of data privacy at hearing
Amid consideration of building upon the FTC’s role in policing consumer privacy, the agency held a roundtable to discuss current rules and enforcement challenges.
Posted inBoards & Shareholders
California first U.S. state to mandate women on boards
Boards of directors for California public companies will now need to ensure that they seat more women at the table.
Posted inBoards & Shareholders
Three compliance lessons from Elon Musk’s SEC deal
Elon Musk, Tesla, and the SEC have agreed upon a settlement to resolve potential securities fraud perpetrated by an August tweet. Important lessons and reminders for compliance officers rise to the surface of that document.
Posted inFrom the Archive
Podcast: Student lending, FinTechs, and compliance
In this edition of the Compliance Week podcast, we chat with David Mark, senior vice president and regulatory compliance counsel for LendKey Technologies, a lending platform used by banks and credit unions to source and manage loans online. We discuss the compliance challenges inherent in his firm’s marketplace.
