From the Archive

Yesterday, however, the UK’s Daily Mail weighed in on the SEC’s recent Stephen Ferrone case with a headline that shows the difference between pros like itself and the rest of us average Joes in the “click economy.”

Deutsche Bank demonstrates that the costs of continuing to fail to meet regulatory requirements regarding anti-money laundering can be astronomical. Tom Fox looks at the Financial Conduct Authority’s Deutsche Bank investigation and what it means for the financial firm’s future.

Vuzix announced that Edward Kay has joined its board of directors. Kay will serve as chairman of the audit committee, taking over the responsibilities of former board member William Lee, who passed away in March.

After settling an FCPA enforcement brought by the SEC in March, Novartis is now under criminal investigation in South Korea for alleged illegal payments to physcians. Should the SEC reopen its investigation?

Yesterday, the SEC continued its undefeated streak in its FY 2016 federal court trials. The SEC announced that on April 29, following a two week trial in the U.S. District Court for the Northern District of Illinois, a jury returned a verdict in favor of the SEC in its case against Stephen D. Ferrone.

Three more weeks have now passed since a supposedly “routine” April 7 vote in Congress to approve SEC commissioner nominees Lisa Fairfax and Hester Peirce was abruptly terminated without a vote even taking place. Surely the Senate has gotten its act together by now to confirm (or not) President Obama’s nominees for the short-handed SEC, right? Think again.

Retail Properties of America has appointed Paula Maggio as general counsel and secretary. She will succeed Dennis Holland, who previously announced that he would be retiring on June 30.

General Motors has appointed Jeffrey Taylor as deputy general counsel and chief compliance officer, effective immediately. He will report to Craig Glidden, executive vice president and general counsel.

Centene, a multi-line healthcare enterprise providing services to government-sponsored healthcare, has appointed Christopher Isaak to corporate controller and chief accounting officer, effective immediately.

Jennifer Shasky Calvery announced this week that she will be leaving her position as director of the Financial Crimes Enforcement Network (FinCEN) at the end of May. Calvery has served as FinCEN’s director since September 2012.