- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Maria L. Murphy2022-11-16T16:33:00
Non-fungible tokens (NFTs) make headlines in areas like artwork, music, sports collectibles, gaming, and event tickets. They give assets’ creators a means to control how assets are used and compensation for that use.
NFTs can take many forms. There are potential business applications already in use, and many more are being developed as technology evolves.
“There is no shortage of hype about NFTs,” said Vikas Agarwal, risk and regulatory financial services leader at PwC. “Our clients are figuring out the use cases and the right methods for their applications.”
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The New York State Department of Financial Services issued guidance outlining guidelines banks and financial institutions must follow to engage in virtual currency activities in the state.
Three former executives of Chicago-based Outcome Health, a healthcare technology company, were sentenced for misleading an auditor, clients, lenders, and investors about a scheme to sell $45 million in overbilled advertisements.
The U.S. Supreme Court extended the statute of limitations for businesses attempting to challenge some federal regulations, allowing regulated entities a longer timeline to appeal a decision.
Erica Williams was reappointed to a second term as chair of the Public Company Accounting Oversight Board after an ambitious first three years in the role that have seen the agency work to update many of its standards deemed outdated.
Software company Autodesk said it won’t restate several years of financial statements following an audit committee investigation into potential accounting misconduct.
Los Angeles-based bank holding company Broadway Financial Corp. disclosed in a public filing weaknesses discovered in its internal control over financial reporting because of training shortfalls.
