- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Jeff Dale2022-08-18T18:45:00
Crypto broker Genesis Global Trading announced Wednesday that Chief Executive Michael Moro is stepping down as the company shakes up its leadership following layoffs totaling 20 percent of its 260-person workforce.
With the departure of Moro, Chief Operating Officer Derar Islim was appointed interim CEO as the company conducts a search for a full-time replacement. Moro will continue to advise the company through the transition.
Genesis also announced the appointments of Michael Patterson as chief compliance officer, Michael Patchen as chief risk officer, Alice Chan as chief financial officer, and Arianna Pretto-Sakmann as chief legal officer.
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Virtual currency brokerage firm Genesis Global Trading agreed to pay an $8 million penalty levied by the New York State Department of Financial Services for alleged compliance failures that left it vulnerable to illicit activity and cybersecurity threats.
Three federal banking regulators issued guidance on the risks posed by the use of third-party financial technology firms to deliver bank deposit products and services to customers.
RTX Corp., the parent company of Raytheon, disclosed in a public filing it has reserved $1.24 billion to resolve legacy legal matters with the Department of Justice, Securities and Exchange Commission, and Department of State.
The Financial Industry Regulatory Authority announced the appointments of Tina Gubb, effective Monday, and Julie Glynn, effective Sept. 1, as senior vice presidents of enforcement.
Seminole Hard Rock Support Services announced the promotion of Chief Diversity and Inclusion Officer Stephanie Piimauna to senior vice president of people and inclusion.
Luxury group Kering Americas announced the promotion of General Counsel Ewa Abrams to president, effective Aug. 1.
