All United States articles – Page 168
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ArticleRoisman: SEC should consider stricter cyber reporting for public companies, advisers
SEC Commissioner Elad Roisman says the agency should mull over whether to require public companies and investment advisers to perform the same kind of reporting, preparation, and planning for cyber incidents that FINRA requires of registered broker-dealers.
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ArticleCFPB picks consumer advocate Eric Halperin to lead enforcement
Newly confirmed CFPB Director Rohit Chopra has chosen Eric Halperin to lead the agency’s Office of Enforcement, as well as announcing the appointment of Lorelei Salas as assistant director for supervision policy.
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ArticleSEC awards whistleblower extra $2M for DOJ action
The Securities and Exchange Commission announced a second award to a whistleblower after their information provided led to a successful related action by the Department of Justice.
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ArticleDOJ vows stricter white-collar enforcement, increased risk of monitors
Deputy Attorney General Lisa Monaco shares actions the Department of Justice will be taking to strengthen its response to corporate crime and what areas it will be looking at moving forward.
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ArticleFASB update addresses revenue recognition in business combinations
The Financial Accounting Standards Board announced an update to its business combinations standard aimed at clarifying how to apply requirements under its revenue recognition rule.
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ArticleFICC fined $8M for failing to monitor, vet liquidity of transactions
The Fixed Income Clearing Corporation, the clearing agency for all U.S. government securities, agreed to an $8 million settlement with the SEC for failing to adequately monitor its liquidity arrangements.
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ArticleRohit Chopra-led CFPB cracking down early on data, automation
Rohit Chopra has led the Consumer Financial Protection Bureau for less than a month, but one area of examination and enforcement priority is already coming into focus: data.
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ArticleEx-Walmart CECO joins McKinsey as chief compliance officer
Daniel Trujillo, the former executive vice president and global chief ethics and compliance officer at Walmart, announced his joining management consulting firm McKinsey & Co. as chief compliance officer.
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SEC: Akazoo to pay $38.8M in fraud case concerning SPAC merger
Akazoo, a music streaming subscription company based in Greece, reached a $38.8 million settlement with the SEC for allegedly defrauding investors out of tens of millions of dollars related to a 2019 SPAC merger.
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ArticleIAPP report: Privacy spend rising, with further growth expected
Corporate spending on managing privacy risks has risen significantly since last year, with 6 of 10 privacy professionals believing budgets will continue to increase over the coming year, according to the latest IAPP survey.
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ArticleFive strategies for reducing tariff costs in the global supply chain
Recent events beyond the pandemic have global supply chains responding to a whole new compliance regulatory landscape. A panel of experts at a recent industry event explain where to look for potential cost savings.
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ArticleOCC orders Cenlar to address risk management issues
The OCC has ordered the country’s largest mortgage subservicer, Cenlar FSB, to address chronic risk management deficiencies the agency alleges have led to “unsafe and unsound practices.”
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ArticleEY report: Fortune 100 companies boost audit transparency, including on ESG
Many Fortune 100 companies continue to enhance their transparency about how their audit committees are executing their core responsibilities, according to the EY Center for Board Matters’ 10th annual review of voluntary proxy statement disclosures.
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FTC marks revived ‘prior approval’ merger stance with proposed limits on DaVita
The Federal Trade Commission proposed 10-year acquisition restrictions on dialysis service provider DaVita under the agency’s newly reinstated “prior approval” policy aimed at curbing anticompetitive mergers.
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ArticleSEC executive pay clawback rule primed for ‘significant opposition’
The SEC is poised to pass an executive compensation rule that would require public companies to claw back incentive-based compensation if their finances are restated within the previous three years. Experts expect pushback to the proposed mandate.
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ArticleHoneywell records charge of $160M in FCPA probe
Honeywell International has recorded a charge of $160 million in accrued liability concerning an investigation by U.S. and Brazilian authorities as to whether the company’s use of third parties in Brazil violated the FCPA.
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ArticleCompliance Week National Conference is going back in person in May
Mark your calendars: Compliance Week’s National Conference in Washington, D.C. will be held in person for the first time in nearly three years from May 16-18, 2022.
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ArticleFSOC report: Climate change ‘increasing threat’ to U.S. financial stability
In a report ordered by President Joe Biden, the Financial Stability Oversight Council urged market participants, public companies, and regulators to develop a common agenda to respond to climate change-related financial risk.
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ArticlePCAOB 2020 inspections preview: Deficiencies still high, although some improvements
The Public Company Accounting Oversight Board noted a high number of recurring deficiencies in its audits reviewed despite improvements over the previous year as part of its 2020 inspection observations spotlight.
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ArticleDOJ finds Ericsson breached obligations under FCPA agreement
Swedish telecommunications giant Ericsson announced the Department of Justice has determined the company “breached its obligations” under a deferred prosecution agreement entered with the agency in 2019.