The Department of Justice charged James Velissaris, the former chief investment officer and founder of Infinity Q Capital Management, for his role in a scheme to defraud investors by overvaluing derivative swap positions.
Kyle Brasseur
Posted inInternal Controls
Company cybersecurity certifications: Business case and where to start
Rachael Pashkevich Koontz, senior corporate counsel of cybersecurity compliance at T-Mobile, shared her opinions on cybersecurity certifications and determining the right fit for certain organizations at CW’s virtual Cyber Risk & Data Privacy Summit.
Posted inData Privacy
Transparency key to navigating modern employee monitoring risk landscape
The opening session of Compliance Week’s virtual Cyber Risk & Data Privacy Summit addressed the challenges of using technology to monitor employees while considering regulatory and ethical risks.
Posted inEurope
IAB Europe fined $286K under GDPR for data processing violations
The European arm of the Interactive Advertising Bureau was fined €250,000 (U.S. $286,000) by the Belgian Data Protection Authority for data privacy violations regarding its Transparency and Consent Framework.
Posted inAccounting & Auditing
Mixed results for Marcum, RSM in 2020 PCAOB inspections
The Public Company Accounting Oversight Board published 2020 inspection reports for a handful of large U.S. audit firms outside the Big Four. Marcum and RSM had the most audit deficiencies identified of the group.
Posted inBoards & Shareholders
CW case study offers 360-degree view of ransomware attack
Learn through the eyes of the C-suite at Vulnerable Electric, a fictional private utility company impacted by a significant ransomware attack, as part of Compliance Week’s third case study.
Posted inEthics & Culture
Elizabeth Holmes verdict primes DOJ for white-collar crackdown
For Department of Justice leadership that recently laid out plans to strengthen their response to corporate crime, the outcome of the Elizabeth Holmes trial is an arrow in the quiver for what might be a new age of white-collar enforcement.
Posted inEthics & Culture
Riot Games to pay $100M in gender discrimination lawsuit settlement
Video game developer Riot Games has agreed to pay more than $100 million as part of a settlement in California resolving allegations of sex discrimination against female workers and harassment.
Posted inUncategorized
Lordstown Motors names new general counsel amid SPAC probes
Lordstown Motors, currently under investigation by the Justice Department and the SEC, announced the appointment of Melissa Leonard as executive vice president, general counsel and secretary.
Posted inAccounting & Auditing
FASB proposal sets disclosure requirements for supplier finance programs
The Financial Accounting Standards Board issued a proposed update to its liabilities standard setting disclosure expectations for supplier finance programs.
