All Compliance Week articles in Web Issue – Page 1115
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BlogSEC says Musk disregarded terms of Tesla settlement
The SEC is asking a federal judge to decide whether Elon Musk, founder and CEO of Tesla, violated the terms of a recent consent agreement and should be held in contempt of court.
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BlogMay gives MPs vote to delay Brexit
U.K. Prime Minister Theresa May has offered Members of Parliament the chance to vote on delaying Brexit if her deal is voted down next month.
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Blog
Buffett bemoans volatility under new accounting rule
Berkshire Hathaway is feeling the volatility that comes with observing new accounting rules, prompting Warren Buffett rethink how to report on results.
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BlogU.K.-U.S. authorities reach post-Brexit derivatives trading deal
The U.S. Commodity Futures Trading Commission and the Bank of England—including the Prudential Regulation Authority and the U.K. Financial Conduct Authority—on Monday issued a joint statement finalizing a post-Brexit derivatives trading deal.
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Blog
PCAOB disciplines former, current Grant Thornton partners
The PCAOB has delivered an enforcement action to a former partner and current partner at Grant Thornton over an audit dating back to 2013.
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BlogFresenius Medical Care reaches ‘agreement in principle’ in FCPA case
German healthcare company Fresenius Medical Care has reached an “agreement in principle” with U.S. authorities concerning an investigation into possible violations of the Foreign Corrupt Practices Act, booking charges of €224 million (U.S. $255 million) as of Dec. 31, 2018.
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BlogFTC launches tech competition task force
Already under fire for data privacy lapses, Facebook, Google, and their fellow tech giants now need to worry about the prospect of retroactive merger reviews. The FTC announced the creation of a task force focused on investigating anticompetitive conduct in the tech sector.
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Blog
Two indicted in PDVSA bribery probe
A sales representative and a former president of a U.S.-based company are facing charges for their alleged roles in a scheme to corruptly secure business advantages from Venezuela’s state-owned and state-controlled energy company, PDVSA.
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Blog
Blueprint Software, Compliance.ai partner on regulatory risk
Blueprint Software, a provider of regulatory change management solutions, announced its partnership with RegTech company Compliance.ai to supply Blueprint customers with financial-focused regulatory content.
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Exiger adds new EMEA regional leader
Risk and compliance solutions provider Exiger announced the appointment of Jason Holt as managing director and EMEA regional leader.
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Article
The reputation-shredding scourge of human trafficking
Recent headlines, sparked by a billionaire’s alleged bad choices, should serve as a reminder of the brand damage companies could face from their involvement in human trafficking and the use, intentional or otherwise, of slave and child labor.
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BlogSEC modifies timing for non-public fund reports
With an eye toward improving data management and cyber-security oversight, the SEC has approved changes to the submission deadlines for registered investment companies filing non-public monthly reports.
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ArticleTop exchanges sue SEC over transaction fee plan
An initiative to determine whether longstanding stock exchange practices create conflicts of interest has those trading venues fighting against what they view as arbitrary pricing controls that could have negative effects on liquidity and competition.
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ArticleCompanies face first reporting under new hedge rules
Hedge accounting rules, now taking effect, may have fallen under the radar as companies wrestled bigger changes to revenue recognition, leasing, and credit losses.
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Blog
SEC names its first chief risk officer
The Securities and Exchange Commission has named its first ever chief risk officer. The position, to be held Gabriel Benincasa, was created by SEC Chairman Jay Clayton to strengthen the agency’s risk management and cyber-security efforts.
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Blog
Lithia Motors names chief accounting officer
Lithia Motors, a U.S. provider of personal transportation solutions, has promoted Tina Miller to chief accounting officer, effective March 1.
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Blog
Eiger BioPharmaceuticals names chief compliance officer
Eiger BioPharmaceuticals has appointed Stephana Patton as general counsel, corporate secretary, and chief compliance officer.
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PodcastCédric Dubar on tone at the middle
Cédric Dubar, chief compliance & ethics officer at Volvo Car Group, details to columnist Tom Fox how tone at the middle can benefit the leadership structure of a company.
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Blog
CII: Lyft’s planned share structure harms investors
The Council of Institutional Investors is expressing “deep concern” about Lyft’s initial public offering filing, because it implemented a dual-class share structure lacking “sunset provisions to unwind it within a reasonable time period.”
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Blog
Comcast names general counsel and secretary
Comcast announced on March 1 that it has named Thomas Reid as senior executive vice president, general counsel, and secretary. He will report to Chairman and CEO Brian Roberts.