A hedge fund advisory firm has agreed to pay more than $4.6 million to settle SEC charges that it had inadequate policies and procedures to prevent the misuse of inside information, including information about confidential government decisions.
Joe Mont
Posted inRegulatory Enforcement
NLRB compliance officer fabricated victims, stole from compensation fund
A former NLRB compliance officer pleaded guilty this week to charges he stole more than $400,000 from an agency fund he oversaw that was intended to distribute funds to employees victimized by labor law violations.
Posted inUncategorized
Another delay in fiduciary rule could result in substantial revision
The Labor Dept. wants a substantial delay for remaining compliance milestones in its fiduciary rule. What happens in the interim?
Posted inRegulatory Enforcement
Another CCO settles with SEC over negligence of duties
The SEC has announced another settlement with a former CCO over alleged negligence. The settlement, reached on Aug. 15 also offers a caution about retaining third party compliance services.
Posted inInternal Controls
Get your bad-boy groove back
Acceptance at the upper levels of a company is great for integrating compliance with business development and strategy. But don’t lock up the “Department of No” just yet.
Posted inUncategorized
Basel AML index: countries still fall—sometimes severely—short
The annual Basel Anti-Money Laundering Index, a ranking of 146 countries regarding money laundering risks, is out. The findings show that plenty of work on the issue remains to be done.
Posted inBoards & Shareholders
Compensation for outside corporate directors is stabilizing
A recently released analysis by Willis Towers Watson fiinds that the total compensation for outside corporate directors is rising, but only at an average pace of 2 percent in 2016.
Posted inUncategorized
After CEO defections, Trump ends White House business forums
Amid an exodus of CEOs, President Trump, under fire for post-Charlottesville remarks, is ending two White House forums that advised him on economics and manufacturing.
Posted inUncategorized
Republican governors serve CFPB director with FOIA demands
Republican governors have served CFPB Director Richard Cordray with another Freedom of Information Act request in an effort to prove a Hatch Act violation.
Posted inUncategorized
New SEC chair gets new demands for political contribution disclosures
With a new SEC chairman, a new push is underway to have a fresh consideration of a disclosure rule covering political contributions made by public companies.
