All Regulatory Enforcement articles – Page 137
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Blog
Boards, compliance, and ongoing strategy
Board members must learn to take a more active role to not only prevent scandals—but when they do arise, ask tough questions of management and the compliance function about what is being done to remediate the situation.
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Article
Preventing False Claims Act liability
During a recent panel, federal and state officials, corporate defense attorneys, and whistleblower reps alike debated the ins and outs of U.S. FCA cases and how to defend them.
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Blog
SEC names new Deputy Chief of Staff, other senior officials
The Securities and Exchange Commission announced several new appointments this week, including a new Deputy Chief of Staff, general counsel, and new chief counsel to SEC Chairman Jay Clayton.
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Blog
How do you determine judgment at the CEO level?
In the case of Barclays CEO Jes Staley, judgment seems to be lacking, as the executive first attempted to unmask an anonymous internal whistleblower and now has intervened in a Brazilian private-equity deal involving his brother-in-law.
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Blog
SEC charges CEO with failing to disclose perks to shareholders
A former CEO will pay $5.5 million to settle SEC allegations that perks, benefits, and other forms of compensation were not properly disclosed to shareholders.
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Blog
Barclays to pay $97M for overcharging clients
In a settlement of more than $97 million, Barclays agreed to settle three sets of violations that resulted in clients being overbilled by nearly $50 million, the SEC announced.
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ArticlePeter Driscoll: The risk detective
Under Peter Driscoll’s lead, the SEC Office of Compliance Inspections and Examinations uses a risk-based approach to fulfill its mission to promote compliance with U.S. securities laws.
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Blog
Bumble Bee to pay $25M in price-fixing scheme
Seafood company, Bumble Bee, pleaded guilty yesterday and agreed to pay a $25 million criminal fine resulting from an ongoing federal antitrust investigation into the packaged seafood industry.
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Blog
Former MoneyGram compliance officer pays $250K for AML failures
The former chief compliance officer for MoneyGram International has agreed to a three-year injunction barring him from performing a compliance function for any money transmitter and has agreed to pay a $250,000 penalty for anti-money laundering failures.
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Blog
‘Being data compliant does not equate to having data security’
Protecting your data involves more than simply following the paper program rules and regulations—you actually must focus on data security.
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Blog
United Airlines: using a compliance framework to further customer relations
United Airlines has been handed some positive compliance lessons from its recent public relations faux pas, including the forcible removal of a passenger, but will the company follow through on its pledge to make good on customer relations?
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Blog
SEC awards $500K to whistleblower
The SEC today awarded a whistleblower more than $500,000 for reporting information that prompted an investigation into misconduct that resulted in an enforcement action. It is the second whistleblower award announced by the SEC in the past week.
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Blog
SEC awards $4M to whistleblower
The SEC this week announced that it has awarded nearly $4 million to a whistleblower who tipped off the agency about serious misconduct and provided additional assistance during the ensuing investigation.
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Article
Under new leadership, which way will the SEC go?
Big changes are afoot at the SEC, which raises the question of whether this might be the beginning of a big new era in the Commission’s tone, direction, and priorities.
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Blog
Corporations and the financing of terrorism
The recent case of LafargeHolcim’s involvement in keeping a cement facility in Syria safe and operational during civil war has raised questions regarding a company’s responsibilities for ensuring monies it pays out do not go to fund terrorism.
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Blog
What does contradictory due diligence mean?
A lawsuit against the Houston energy company Cobalt International Energy has posed a question which is not often considered under the FCPA—what does contradictory due diligence mean?
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Blog
CEOs and win at all costs—where does it lead?
A look at the corrupt conduct of Uber Chief Executive Travis Kalanick and the lengths some executives will go to in support of a win-at-all-costs culture.
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Blog
Volkswagen AG sentenced in emissions-cheating scandal
A federal court in Detroit has sentenced Volkswagen AG in connection with a decade-long scheme to sell diesel vehicles containing software designed to cheat U.S. emissions tests. As part of the plea agreement, VW will pay a $2.8 billion penalty.
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Blog
A farewell to Kara Brockmeyer but her legacy continues
The SEC bids a fond farewell to the head of its Foreign Corrupt Practices Act unit. Tom Fox looks back at Kara Brockmeyer’s illustrious career with the Commission.
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Blog
Raymond James to pay $150M to resolve fraud scheme
Raymond James Financial has reached a $150 million settlement to resolve all investor claims that the firm stole and misused millions of dollars raised through investments solicited under the federal EB-5 visa program.