All articles by Jaclyn Jaeger – Page 17
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ArticlePilgrim’s Pride pays $108M in price-fixing scandal
Pilgrim’s Pride has become the first company to plead guilty for its role in a conspiracy to fix prices and rig bids in the broiler chicken industry and will pay a $108 million criminal fine.
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ArticleRobinhood, FINRA discussing settlement over 2020 outages
Online stock-trading platform Robinhood said it may face at least $26.6 million in costs related to resolving investigations by FINRA concerning its options-trading practices and outages its platform suffered last year.
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ArticleTikTok $92M settlement includes data privacy compliance training program
TikTok is seeking preliminary approval of a class-action settlement with terms that would require the video sharing platform to establish a $92 million settlement fund and create a new compliance framework, according to court documents.
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ArticleEY Germany changes leadership in wake of Wirecard scandal
Hubert Barth, head of EY’s Germany practice for the past five years, will step down and take on a “new role at the European level” as the firm seeks to restore its tarnished reputation following its missteps leading up to the collapse of Wirecard.
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ArticleCW panel: Preparing for the return to the workplace—and the next pandemic
Experts at CW’s “Compliance Considerations for the New Workplace” virtual summit discuss striking the balance between complying with laws applicable to matters of health and safety while still respecting employee privacy in the return to the office and beyond.
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ArticleSEC charges Gulfport, former CEO with failing to disclose executive perks
The SEC settled charges against gas exploration and production company Gulfport Energy and its former CEO Michael Moore for failing to properly disclose as compensation certain perks provided to Moore and related personal expenses.
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ArticleSamsung Heavy Industries settles Brazil bribery probe for $150M
Samsung Heavy Industries will pay 812 million reais (U.S. $149.9 million) in a leniency deal with Brazilian enforcement authorities for acts of corruption and money laundering related to “Operation Car Wash.”
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ArticleCyber-insurance: Why you need it and how to choose the right plan
As cyber-attacks surge, the need for cyber-insurance is growing more urgent. But it’s critical for companies to first familiarize themselves with how to navigate the labyrinth of cyber-insurance products on the market so that they are properly covered.
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ArticleKroger joins victims of Accellion data breach
Two months after cloud service vendor Accellion first identified one of its legacy products was targeted by a sophisticated cyber-attack, users of the product continue to feel the impact, with grocery chain Kroger the latest to reveal its exposure.
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ArticleSEC policy reversal puts settlement/waiver pairing back in spotlight
Acting SEC Chair Allison Herren Lee announced the Enforcement Division will no longer recommend to the Commission a settlement offer that is conditioned on granting a waiver, abruptly ending a policy that began under former Chairman Jay Clayton.
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ArticleNorthern Ireland turns up heat on modern slavery transparency
Northern Ireland Justice Minister Naomi Long has launched two consultation documents on measures to eradicate modern slavery from the supply chains of public- and commercial-sector organizations.
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ArticleCoinbase names new chief compliance officer
Coinbase, a digital currency exchange, has named Melissa Strait as its new chief compliance officer.
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ArticleCisco Systems investigating ‘self-enrichment scheme’
Technology conglomerate Cisco Systems said in a regulatory filing it is investigating allegations of a “self-enrichment scheme” involving former employees in China and potentially Foreign Corrupt Practices Act violations.
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ArticleSEC sues Morningstar for disclosure violations, internal control failures
The SEC has filed a civil action against Morningstar Credit Ratings alleging the former credit ratings agency violated disclosure and internal controls provisions of the federal securities laws in rating commercial mortgage-backed securities.
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ArticleA critical look at pandemic-related executive compensation changes
With 2021 proxy season underway, a new analysis by Compensation Advisory Partners reveals what impact proxy advisory firm Institutional Shareholder Services will have on say-on-pay concerning executive compensation actions made in response to the pandemic.
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ArticleMurphy Oil, Marathon Oil ESG incentives a positive step for oil industry
The willingness of Murphy Oil and Marathon Oil to adjust their executive compensation frameworks, in part, to better align with their environmental targets is a rarity in the oil and gas industry and deserving of credit, writes Jaclyn Jaeger.
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ArticleNational Holdings nears settlement with former chief compliance officer
National Holdings has reached a proposed settlement in a lawsuit filed by a former chief compliance officer who alleged she was fired for investigating insider trading by the brokerage firm’s executives, although the firm denies the allegations.
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ArticleKPMG UK chair resigns over controversial pandemic remarks
KPMG UK Chairman Bill Michael has resigned after controversial remarks he made about the coronavirus pandemic during a virtual town hall meeting offended several employees and were subsequently made public.
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ArticleACAMS survey: FinCEN Files leak a positive for financial industry?
Many compliance professionals in the financial industry believe last year’s leak of 2,100 suspicious activity reports from FinCEN had an overall positive impact on global efforts to fight financial crime, according to an ACAMS survey.
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ArticleSEC requests independent monitor in GPB Capital case
The SEC has requested the appointment of an independent monitor to oversee GPB Capital Holdings amid allegations the asset management firm defrauded more than 17,000 retail investors in a “Ponzi-like” scheme.