All United States articles – Page 11
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News BriefSpicer Jeffries avoids fine in improper audit conduct case
Spicer Jeffries and one of its audit engagement partners were spared financial penalties in settling with the Securities and Exchange Commission over allegations of improper professional conduct during the audits of two private funds.
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News Brief
Bipartisan bill would empower FDIC to pursue failed bank exec clawbacks
The Failed Bank Executives Clawback Act seeks to require the Federal Deposit Insurance Corporation to claw back five years’ worth of compensation from executives who lead failed banks.
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News Brief
SEC warns newly registered advisers of overburdening CCOs
Investment advisers newly registering with the SEC have been observed not devoting sufficient resources to their chief compliance officers, sometimes ladling additional responsibilities on the role that take away from time to focus on compliance.
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News Brief
FinCEN mulling beneficial ownership reporting changes amid criticism
The reporting requirements of the beneficial ownership information registry being developed by the Financial Crimes Enforcement Network will likely be revised following harsh criticism from lawmakers and businesses.
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News Brief
Vale to pay $55.9M in SEC settlement over dam disclosures
Brazilian mining company Vale agreed to pay $55.9 million to settle Securities and Exchange Commission charges it issued false and misleading statements regarding the safety conditions of its dams.
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Premium
Audit client turnover 2022: Deloitte gains among Big Four, Marcum biggest winner
Deloitte was the only Big Four audit firm to net positive in new public company clients in 2022, while Marcum saw the largest overall gains a year removed from losing 110 clients, according to the latest annual study.
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News Brief
Iowa privacy bill signed into law; effective 2025
Iowa became the sixth U.S. state to pass comprehensive data protection legislation allowing residents control over how their personal information is accessed and shared.
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Blog
GreenLight Biosciences promotes deputy GC to general counsel, CCO
Biotechnology company GreenLight Biosciences announced the promotion of Deputy General Counsel Nina Thayer to general counsel and chief compliance officer.
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News Brief
‘Textbook case of mismanagement’: Regs point blame at SVB for collapse
Banking regulators defended their supervisory actions and pledged to find answers as to what went wrong when discussing the factors leading to the failures of Silicon Valley Bank and Signature Bank before the Senate Banking Committee.
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Blog
Levi Strauss & Co. promotes deputy GC to general counsel
Clothing company Levi Strauss & Co. announced the promotion of Deputy General Counsel David Jedrzejek to general counsel.
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News Brief
Labcorp to pay $2.1M in third party overbilling case
Laboratory Corporation of America agreed to pay $2.1 million to settle Department of Justice allegations the company overbilled the Department of Defense for genetic tests performed by a third party.
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Blog
DailyPay appoints chief legal, strategy officer
Financial technology company DailyPay announced the appointment of Jared DeMatteis as chief legal and strategy officer.
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Blog
Therapy Brands appoints chief compliance officer
Healthcare technology company Therapy Brands announced the appointment of Amber Thomas as chief compliance officer.
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Blog
Smithfield Foods promotes deputy GC to general counsel
Smithfield Foods announced the promotion of Deputy General Counsel Tennille Checkovich to general counsel.
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Blog
Virginia Tech appoints leaders of audit, risk, compliance
Virginia Tech announced the appointments of Suzanne Griffin as its first chief compliance officer and Sharon Kurek as vice president of audit, risk, and compliance and chief risk officer.
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News Brief
Friedman latest fined in PCAOB crackdown on unregistered auditor use
Friedman agreed to pay a $100,000 penalty to settle charges by the Public Company Accounting Oversight Board it over-relied on the work of unregistered Chinese firms across 12 public company audits.
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News Brief
Ex-Binance CCO accused of aiding and abetting CFTC rule violations
The Commodity Futures Trading Commission charged Binance and its founder with operating an illegal digital assets exchange, while former Chief Compliance Officer Samuel Lim faces charges of aiding and abetting the alleged misconduct.
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Premium
Leadership, resource support key to compliance navigating bank turmoil
In sudden bank buyouts, the workload on compliance departments skyrockets as new customers are nearly instantly assumed by the purchasing bank. Experts share their take on managing the resulting risks.
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News Brief
Ex-OneCoin compliance head charged over alleged fraud role
The former head of legal and compliance at OneCoin was indicted on separate charges of conspiracy to commit wire fraud and money laundering for her role in the $4 billion cryptocurrency fraud scheme.
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News Brief
First Citizens to acquire deposits and loans of failed SVB
The deposits and loans of the failed Silicon Valley Bank have been purchased by First Citizens Bank & Trust, although about $90 billion in securities and other assets will remain in receivership.
