All articles by Jaclyn Jaeger – Page 61
-
ArticleGlobal Slavery Index: U.S. has most at-risk imports among G20
The United States is the world’s largest importer of goods at risk of being produced through modern slavery among G20 countries, followed by Japan, Germany, the United Kingdom, and France, according to the 2018 Global Slavery Index.
-
Blog
SBM Offshore signs leniency agreement with Brazilian authorities, Petrobras
Dutch oil and gas services company SBM Offshore said it has reached a leniency agreement with Brazilian authorities to resolve allegations relating to the Petrobras bribery scandal.
-
Blog
Advisory warns companies about sanctions evasion tactics used by North Korea
The U.S. government has issued an advisory highlighting the sanctions evasion tactics used by North Korea that could expose companies—including manufacturers, buyers, and service providers—to compliance risks under U.S. or United Nations sanctions authorities.
-
Blog
New appointments at the SEC
The SEC has announced new appointments to the Office of Compliance Inspections and Examinations, as well to the Division of Trading and Markets.
-
Blog
The compliance role in mergers and acquisitions
Deputy Assistant Attorney General Matthew Miner in recent remarks spoke about the Justice Department’s efforts to investigate and stamp out global corruption, particularly concerning mergers and acquisitions. He stressed the valuable role compliance officers play.
-
Article
New index ranks countries by level of ‘compliance complexity’
Companies looking to expand their global footprint or invest for the first time in new, unfamiliar regions of the world may want to check out a new index that ranks countries by the complexity of their compliance requirements.
-
Blog
Kristin Snyder named deputy director of OCIE
The Securities and Exchange Commission on July 25 announced that Kristin Snyder has been named deputy director of the agency’s Office of Compliance Inspections and Examinations.
-
Article
Ethics training in the #MeToo era
NAVEX Global’s 2018 Ethics & Compliance Training Benchmark Report shows how the #MeToo movement has altered the ethics and compliance landscape in drastic ways.
-
Blog
SEC data analysis tool uncovers insider trading by executive
A senior executive at Alliance Fiber Optic Products agreed to settle charges that he made nearly $200,000 in illicit profits by trading on inside information in advance of three disappointing earnings announcements by the company, the Securities and Exchange Commission announced on July 24.
-
Blog
CFTC proposes rule update for U.S. markets in security futures products
The Commodity Futures Trading Commission unanimously approved a proposal to update a rule impacting exchanges that list security futures products. The proposal has the potential to provide greater liquidity in SFP trading, which would facilitate risk management for companies using SFPs, and is the first update to the CFTC SFP ...
-
Blog
European Commission fines four consumer electronics makers for fixing online resale prices
The European Commission on July 24 fined four consumer electronics makers for imposing fixed or minimum resale prices on their online retailers in breach of EU competition rules. The more than €111 million in fines were in all four cases significantly reduced due to the companies' cooperation with the Commission.
-
Blog
SEC: Deutsche Bank to pay $75M for improper handling of ADRs
The Securities and Exchange Commission on July 20 announced that two U.S.-based subsidiaries of Deutsche Bank AG will pay nearly $75 million to settle charges of improper handling of “pre-released” American Depositary Receipts.
-
Blog
MiMedx makes leadership changes amid accounting probe
MiMedx Group, a developer and marketer of regenerative and therapeutic biologics, has appointed Mark Graves as chief compliance officer. The company also is conducting a formal search to fill the newly established positions of chief accounting officer and internal auditor, amid an ongoing investigation into accounting violations.
-
Article
SEC modernizes rules on employee stock compensation
The SEC on Wednesday issued final rules that would raise the threshold for the enhanced disclosure requirement under Securities Act Rule 701, which allows companies to more easily pay their employees in stock.
-
Blog
SEC adopts rules to enhance oversight of Alternative Trading Systems
With the intent of significantly enhancing operational transparency and regulatory oversight, the Securities and Exchange Commission on July 18 voted to adopt amendments to the regulatory requirements governing alternative trading systems, commonly known as “dark pools.”
-
Blog
Google fined $5 billion for breaching EU antitrust rules
The European Commission has fined Google €4.34 billion (U.S. $5.05 billion) for breaching EU antitrust rules.
-
Article
New U.K. rules broaden accountability of senior managers
Britain’s financial services industry is bracing for new rules that will significantly broaden the scope of senior executives who will be personally held to account to U.K. regulators for failures that occur under their watch.
-
Blog
SEC charges BGC Financial for failure to maintain accurate books and records
New York-based broker-dealer BGC Financial has agreed to pay a $1.25 million penalty to settle charges that it failed to preserve audio files sought by the SEC and inaccurately recorded travel, entertainment, and other expenses.
-
Blog
SEC charges former Energy XXI CEO with hiding personal loans
The SEC charged the former CEO of Energy XXI with hiding more than $10 million in personal loans that he obtained from company vendors and a candidate for Energy XXI’s board.
-
Blog
Charles Schwab settles with SEC for failing to file SARs
Charles Schwab on July 2 agreed to pay the Securities and Exchange Commission a civil penalty of $2.8 million for failing to file suspicious activity reports on questionable transactions by its investment advisers.