All Regulatory Enforcement articles – Page 125
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Article
Public sounds off to SEC on proposed whistleblower changes
As part of a public comment process that reached its deadline on Sept. 15, the SEC has collected ideas and opinions on proposed changes to its whistleblower program. We took a look at some of the responses.
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BlogState agencies may be final frontier for consumer advocates
As the Consumer Financial Protection Bureau weakens, state agencies—mini-CFPBs if you will—may step up to fill the void.
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Article
Tackling the contentious issue of guidance vs. regulation
For years, a battle over the place of guidance in the regulatory world has been hotly debated. Now, there may be some clarity.
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Blog
Moody’s to pay $16.25M for internal controls failures and ratings symbols deficiencies
The SEC has filed its first-ever enforcement action involving rating symbol deficiencies, hitting Moody’s Investors Service with $16.25 million in penalties to settle charges involving internal control failures and failing to clearly define and consistently apply credit rating symbols.
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Article
Congressional debate emerges: How to regulate social media
Fueled by election tampering and “fake news,” social media companies are creeping ever closer to facing new regulation.
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Blog
SEC awards $54M to two whistleblowers
The Securities and Exchange Commission today announced it is awarding $54 million to two whistleblowers, whose critical information and continued assistance helped the agency bring an enforcement action.
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Article
ING reaches $900M settlement with Dutch authorities
Global financial institution ING announced Tuesday that it has reached a $900 million settlement with Dutch authorities to resolve its money laundering case. A close reading of the enforcement action offers numerous lessons for compliance and risk officers.
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Blog
Former OFCCP Director Ondray Harris joins Hunton Andrews Kurth
Ondray Harris, former director of the U.S. Department of Labor’s Office of Federal Contract Compliance Programs, has joined global law firm Hunton Andrews Kurth in the firm’s national labor and employment practice as special counsel in Washington.
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Article
Second Circuit ruling limits scope of FCPA liability
Compliance officers and in-house counsel should take a close look at a recent Second Circuit decision that limits the scope of the FCPA liability.
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Blog
Swiss bank to pay $60.4M in U.S. tax evasion case
Swiss bank Basler Kantonalbank entered into a deferred prosecution agreement and will pay $60.4 million in total penalties for conspiring with others to evade U.S. taxes, the Department of Justice announced.
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Blog
SEC’s Consolidated Audit Trail faces more delays
The SEC has announced that it may take until November for initial phases of its ambitious, but often delayed, Consolidated Audit Trail to begin initial operations.
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ArticleHot and getting hotter in Tesla’s kitchen
The real discussion surrounding Tesla and the recent tweet from CEO Elon Musk is a much-needed debate about boards of directors.
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Blog
CFTC simplifies its regulations governing compliance officers
The Commodity Futures Trading Commission on Aug. 21 unanimously approved final amendments clarifying and simplifying its regulations governing chief compliance officer duties and annual compliance reporting requirements for futures commission merchants, swap dealers, and major swap participants.
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Blog
Treasury targets Russian shipping companies
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced that it has targeted Russian shipping firms for violating North Korea-related United Nations Security Council Resolutions.
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Blog
Citigroup will pay $10.5 million for internal controls failures
The SEC says Citigroup has agreed to pay $10.5 million in penalties to settle two enforcement actions involving its books and records, internal accounting controls,and trader supervision.
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Blog
Tweets and the SEC
A tweet last week by Tesla founder Elon Musk that he was considering taking the company private at $420 per share raises an abundance of questions for the SEC. How will the agency respond?
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Blog
Untargeted sanctions and compliance
The Trump Administration is following a pattern of trade sanctions that appear to have no targeted purpose, save that of sowing chaos.
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Blog
Former Columbia anti-corruption official nabbed for bribery
The former national director of anti-corruption in Colombia pleaded guilty this week in federal court for bribery and his participation in a conspiracy to launder money.
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Blog
RBS faces $4.9B settlement over mortgage-backed securities
The Justice Department announced a $4.9 billion settlement with The Royal Bank of Scotland Group, resolving federal accusations that it misled investors in the regarding residential mortgage-backed securities.
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Blog
Fed fines Citigroup $8.6M over improper mortgage documents
The Board of Governors of the Federal Reserve has fined Citigroup $8.6 million for the improper execution of residential mortgage-related documents.