All Compliance Week articles in Web Issue – Page 665
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Blog
SEC, DOJ Pursue Scottish Trader for 'False Tweets'
Market manipulation is nothing new, of course, but both the SEC and DOJ pursued a social media-age method of illegally moving the market last week when they brought securities fraud charges against a Scottish trader whose allegedly used "false tweets" to caused the stock prices of two companies to plunge.
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Blog
Alexion Pharmaceuticals Discloses FCPA Probe
Alexion Pharmaceuticals said this week in a securities filing that it is being investigated by the Department of Justice concerning potential violations of the Foreign Corrupt Practices Act. As previously disclosed, Alexion received a subpoena in May in connection with an investigation by the SEC’s Enforcement Division “requesting information related ...
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Podcast
Podcast: How Fordham Expanded Compliance Education
In this edition of the Compliance Week podcast we discuss the state of educational programs for compliance officers with Gerald Manwah, former global head of financial crime compliance at Barclays. He is now senior director of compliance programs at the Fordham University School of Law. In October, the university began ...
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Blog
Comcast Names General Counsel
Comcast, a global media and technology company, has promoted Lynn Charytan to executive vice president and general counsel of Comcast Cable. Prior to this promotion, Charytan served as senior vice president of legal regulatory affairs and senior deputy general counsel. More inside.
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Blog
House Republicans Target FSOC With Legislative Agenda
The House Financial Services Committee has approved a slate of bills at one of its favorite bureaucratic targets, the Financial Stability Oversight Council. The FSOC Improvement Act, if adopted, would allow financial firms to eliminate risk through changes to their business model before being designated as Systemically Important Financial Institutions. ...
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Blog
Hearsay Messages Gives Visibility and Control to Compliance Teams
Hearsay Social, provider of the Predictive Omnichannel Suite for advisors, recently unveiled Hearsay Messages, the first text messaging solution for advisors to compliantly exchange texts with clients and prospects using their current mobile device. Details inside.
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Blog
PCAOB Admonishes BDO USA for Quality Control Lapses
The PCAOB has republished BDO USA’s 2011 and 2012 inspection reports to criticize the firm’s inadequate response to inspection findings in those years around audit quality control problems. The inspectors found too many cases where auditors accepted management representations without appropriately considering contradictory evidence, contributing to many of the audit ...
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Blog
PwC Names New Process Assurance Leader for Risk Assurance
Julianne Inozemcev has been appointed as process assurance leader for risk assurance at PwC US. More inside.
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Blog
Ceresney: SEC Takes ‘Careful, Measured Approach’ to CCO Liability
Image: Many compliance officers are on edge these days amid regulatory actions that underscore their risk of personal liability. Once again, Andrew Ceresney, director of the SEC’s Division of Enforcement, is trying to soothe some of that angst. He recently told an audience of CCOs, “There has been no change ...
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Blog
SAS Launches New Stress-Testing; Cyber-Security Solutions
At its business leaders conference last month, SAS announced the launch of two new products: SAS Stress Testing solution suite and SAS CyberSecurity. Details inside.
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Blog
Cordium Launches Electronic Communications Review Service
Cordium, a global provider of compliance consulting and software solutions to the financial services industry, has launched a new electronic communications review service, offering a streamlined solution for investment firms. More inside.
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Blog
ChannelAdvisor Names New Chief Accounting Officer
ChannelAdvisor, a provider of cloud-based e-commerce solutions, has promoted Richard Cornetta to vice president of finance and chief accounting officer. Cornetta will report to Chief Financial Officer Mark Cook. Details inside.
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Blog
Seven SEC Enforcement Directors Convene For Historic Panel
At yesterday's Securities Enforcement Forum 2015, a Directors Panel was held that included seven current or former SEC Directors of Enforcement--including Hon. Irving Pollack, the very first Enforcement Director, and Andrew Ceresney, the current Director.
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Resource
e-Book: Understanding Anti-Corruption Compliance
Enforcement of the U.S. Foreign Corrupt Practices Act and U.K. Bribery Act has skyrocketed in recent years, and it's no surprise that bribery and corruption risks continue to keep compliance officers up at night.This e-Book, produced by Compliance Week in cooperation with KPMG, explores what countries are doing on the ...
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Blog
SEC Mulls Audit Committee Mandates as Voluntary Disclosures Grow
As the SEC considers the potential for new disclosure requirements for audit committees, audit committees themselves are volunteering more, according to recent analysis by the Center for Audit Quality and Audit Analytics. The analysis revealed one-fourth of companies in the S&P 500 enhanced their discussion around the audit committee’s appointment ...