All United States articles – Page 98
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News BriefFund administrator Theorem to pay $122K over missed red flags
The Securities and Exchange Commission ordered Florida-based fund administrator Theorem Fund Services to pay more than $122,000 to settle allegations it missed red flags regarding a $39 million fraud.
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OpinionSEC’s latest whistleblower award worth note beyond $104M payout
The SEC announced a $104 million award split among seven whistleblowers, but the fact nearly a dozen claimants contacted the agency seeking to provide information related to one action should be notable to companies regarding the stakes of the current whistleblower landscape.
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News BriefWells Fargo fined $200M in latest SEC, CFTC off-channel comms sweep
The Securities and Exchange Commission and Commodity Futures Trading Commission continued their crackdown on financial firms’ recordkeeping failures regarding employee use of off-channel communications with $555 million in total fines levied against nine institutions and their affiliates.
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News BriefEx-DOJ Criminal Division head Kenneth Polite to join Sidley Austin
Sidley Austin announced the appointment of Kenneth Polite Jr., former head of the Department of Justice’s Criminal Division, as a partner and co-lead of the law firm’s white-collar government litigation and investigations practice.
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Blog
Upside Foods recruits Twitter GC for chief legal officer role
Upside Foods announced the appointment of Sean Edgett as chief legal officer.
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Blog
ModMed names chief legal officer
Medical software provider ModMed announced the appointment of Denise Ceule as chief legal officer.
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News BriefSEC awards $104M between seven whistleblowers in one action
The Securities and Exchange Commission announced awards totaling more than $104 million to seven whistleblowers whose information and assistance led to a successful enforcement action.
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PremiumCovington mulling appeal of ruling in SEC breached client case
Covington & Burling is leaving open the possibility of appealing a recent federal court order requiring the law firm to provide the names of hacked clients to the Securities and Exchange Commission.
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News BriefFed report highlights emerging cyber threats, including generative AI
The Federal Reserve listed the proliferation of generative artificial intelligence tools among areas of emerging cybersecurity threats for banks to monitor as part of its annual resilience report.
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News BriefACI Worldwide to pay $20M in settlement with states over data handling
ACI Worldwide is set to pay $20 million as part of a proposed settlement with states related to lax data handling and erroneous transactions that resulted in previous penalties against the company levied by the Consumer Financial Protection Bureau.
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Blog
Kaiser Permanente appoints chief compliance and privacy officer
Kaiser Permanente, the parent company of Kaiser Foundation Health Plan and Hospitals, announced the appointment of Jacqueline Baratian as senior vice president, chief compliance and privacy officer.
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News BriefAlbemarle reserves $219M for FCPA settlements
Chemical company Albemarle Corp. disclosed it is set to pay $218.5 million as part of proposed settlements reached with the Department of Justice and Securities and Exchange Commission regarding apparent violations of the Foreign Corrupt Practices Act.
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PremiumAA report: Inflation helps drive audit fees to all-time high
Average audit fees paid to external auditors by Securities and Exchange Commission registrants reached record totals in fiscal year 2022, according to the latest annual study.
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Huntington National Bank lands Bank of America chief risk officer as GC
Huntington National Bank announced the appointment of Marcy Hingst as general counsel.
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BellRock Brands recruits general counsel from FullSpeed Automotive
Cannabis consumer goods company BellRock Brands announced the appointment of Kerry Bilewski as general counsel and corporate secretary.
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PremiumRisks, opportunities under SEC’s cyber incident disclosure rule
The clock is ticking for public companies to put in place policies and practices to meet the requirements of the Securities and Exchange Commission’s newly approved cybersecurity incident disclosure rule.
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Citi Trends CCO to retire
Retail clothing chain Citi Trends announced in a public filing Vice President of Human Resources and Chief Compliance Officer Ivy Council plans to retire.
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News BriefCPPA sets sights on connected vehicles in first review
The California Privacy Protection Agency is probing the data privacy practices of connected vehicle manufacturers and their technologies as part of its first enforcement review.
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News BriefSEC risk alert flags staffing, policy weaknesses in AML compliance exams
Broker-dealers complying with anti-money laundering/countering the financing of terrorism requirements put forward by the SEC must be mindful of the resources they are providing for their programs during the current heightened risk environment.
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TechnipFMC promotes CCO to chief legal officer
French-American oil and gas company TechnipFMC promoted Chief Compliance Officer Cristina Aalders to executive vice president, chief legal officer and secretary.