The FTC has filed another enforcement action against a company charging illegal subscription fees and using illegal cancellation practices, this time against the telehealth company Hims & Hers.
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Posted inFinancial Services
Review into EU fund managers highlights compliance, internal audit ‘vulnerabilities’
Feedback from regulators across the EU has found that some fund managers’ compliance and internal audit functions could be sidelined, under-resourced, and lack independence.
Posted inFinancial Services
In enforcement action against broker-dealer, SEC deems monthly compliance check with net capital rule not good enough
Texas broker-dealer Hext Capital Partners and its owner and chief executive officer, Gregory Hext, have agreed to pay $60,000 to settle allegations that the firm violated the net capital requirements of the Securities Exchange Act.
Posted inTop Stories
Paper manufacturer pays $1.5M and makes upgrades to settle allegations of Clean Air Act violations
A paper manufacturer will pay $1.5 million for historically failing to install effective air pollution controls, the Department of Justice (DOJ) announced. Domtar A.W. LLC, a subsidiary of Domtar Corporation, violated the amended 1990 Clean Air Act (CAA) by releasing total reduced sulfur, chlorinated compounds and other pollutants into the air at its Ashdown, Ark., […]
Posted inSanctions
Sanctions are evolving fast. Ashurst Perkins Coie’s Jamie Schafer on why compliance is more critical than ever
Jamie Schafer, co-chair of the regulatory compliance and disputes practice at Ashurst Perkins Coie in Washington, D.C., explains why compliance teams must be involved at strategic and product level and where to expect new risks to emerge.
Posted inWhistleblowers
What does retaliation look like? Compliance officers, whistleblowers describe their experiences
Retaliation against whistleblowers is often thought to be a series of noticeable events. It starts with turning a previously positive workplace into a hostile one. Isolation is used like a weapon. Work assignments change dramatically.
Posted inTop Stories
Ag company pays $10M and overhauls compliance under DOJ agreement
A U.S. agricultural supply company will pay more than $10 million and make significant compliance upgrades under a deferred prosecution agreement (DPA) to settle a Department of Justice (DOJ) charge of bribing Mexican border officials. The DPA, signed by the Scoular Company, is the DOJ’s first in 2026 related to violations of the Foreign Corrupt […]
Posted inData Privacy
India’s data privacy rules entering enforcement phases, raising compliance stakes for U.S. financial firms
India’s Digital Personal Data Protection Act soft enforcement period will end in November. With more active enforcement to follow, financial institutions that failed to comply could face penalties of up to $26.2 million.
Posted inSanctions
U.S. continues to dominate sanctions penalties, but EU and U.K. penalties are increasing
Sanctions regimes in the U.S., U.K. and EU are evolving rapidly, causing continual changes, and the penalties for failure – civil and criminal – are potentially huge. Multiple inconsistent sanctions lists and increased focus on supply chains and third-party entities are making compliance for global organizations a full-time headache.
Posted inInsurance
Former Lloyd’s CEO breached code of conduct
The former CEO of Lloyd’s of London breached the insurance market’s compliance rules after his relationship with a fellow director was deemed to be so close that it created “a perceived conflict of interest.”
