The Securities and Exchange Commission announced settlements with eight companies for incomplete reporting related to “not timely” form disclosures.
Kyle Brasseur
Posted inAnti-Bribery
DOJ FCPA head Christopher Cestaro to depart for WilmerHale
Christopher Cestaro, chief of the Justice Department’s FCPA Unit, is set to depart the agency for a partner position with law firm WilmerHale.
Posted inRegulatory Enforcement
New SEC enforcement head Alex Oh resigns for personal reasons
Alex Oh resigned as head of the Securities and Exchange Commission’s Enforcement Division for personal reasons after less than one full week on the job.
Posted inWhistleblowers
CFTC ends whistleblower award drought with $3M payout
The Commodity Futures Trading Commission awarded approximately $3 million to a whistleblower in its first announced payout since September 2020.
Posted inRegulatory Enforcement
Alliance Steel to pay $435K for Iran sanctions lapses
The Office of Foreign Assets Control announced a $435,003 settlement with manufacturer Alliance Steel for apparent sanctions violations related to the company’s importation of engineering services from Iran.
Posted inEthics & Culture
New chief compliance officer, same Facebook
It isn’t surprising to see Facebook think it doesn’t have an ethical obligation to alert users to its latest data leak, writes Kyle Brasseur, but it is disappointing knowing the company now has a chief compliance officer in place.
Posted inRegulatory Enforcement
Biden to nominate former CCO to lead DOJ’s Criminal Division
President Joe Biden will nominate Kenneth Polite as assistant attorney general to lead the Department of Justice’s Criminal Division. Polite previously worked as chief compliance officer at Fortune 500 electric power company Entergy.
Posted inEurope
SFO launches fraud investigation into Buy2Let Cars owner
The U.K. Serious Fraud Office announced a fraud investigation into car leaser Buy2Let Cars and several other companies operated by Raedex Consortium. Further details are expected next month.
Posted inEurope
Irish DPC seeking answers on Facebook breach
The Irish Data Protection Commission has reached out to Facebook seeking to determine whether the social media giant’s weekend data breach should receive scrutiny under the General Data Protection Regulation.
Posted inEurope
Italian DPA fines Fastweb $5.3M under GDPR for aggressive telemarketing
The Italian Data Protection Authority announced a fine of €4.5 million (U.S. $5.3 million) against telecommunications company Fastweb for misusing customer data for telemarketing purposes.
