Articles | Compliance Week – Page 222
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BB&T Securities to pay $5.7M for misleading clients
BB&T Securities has reached a $5.7 million settlement with the Securities and Exchange Commission to settle charges that a firm it acquired misled its advisory clients.
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Presidential hopeful Warren pitches Big Tech breakups
Sen. Elizabeth Warren (D-Mass.), among the ever-growing field of Democrats running for President, might not see much support from Silicon Valley. She is proposing a breakup of Big Tech firms she feels are stifling competition.
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CFTC issues enforcement advisory on self-reporting and cooperation
The Commodity Futures Trading Commission Division of Enforcement has issued an enforcement advisory that provides clarity concerning the benefits of self-reporting and cooperation related to violations of the Commodity Exchange Act involving foreign corrupt practices.
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Swedbank faces scrutiny over money laundering allegations
Legal pressure against Stockholm-based Swedbank, one of several banks at the center of a massive money laundering scandal, continues to escalate.
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A glimpse into the Department of Justice’s ethics and compliance operations
Deputy Attorney General Rod Rosenstein in public remarks this week provided a glimpse into how the Department of Justice conducts its own ethics and compliance operations.
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Deloitte wins, other Big Four firms lose audit clients in 2018
Deloitte led Big Four firms in picking up new audit engagements in 2018, while KPMG lost the largest number overall, according to the latest analysis.
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Elevate appoints chief risk officer
Elevate Credit, a tech-enabled provider of innovative and responsible online credit solutions for non-prime consumers, has promoted Kathleen Vanderkolk to chief risk officer.
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Duke Energy appoints new board member
Duke Energy’s board of directors has appointed Marya Rose to its board, effective March 1. She joins both the compensation committee and the regulatory policy and operations committee.
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Diamondback Energy announces series of leadership changes
Diamondback Energy, an independent oil and natural gas company, recently announced a series of leadership appointments and promotions that took effect March 1, including the appointment of a new chief accounting officer.
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Oceaneering International appoints new chief accounting officer
Oceaneering International has named Witland LeBlanc as chief accounting officer. He will succeed W. Cardon Gerner in the role, effective March 15.
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FDIC General Counsel Charles Yi to leave the agency
Federal Deposit Insurance Corporation General Counsel Charles Yi announced he will be leaving the agency at the end of March.
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Constellation Brands appoints chief compliance officer
Constellation Brands, an international producer and marketer of beer, wine, and spirits, has promoted Tiffanie De Liberty to senior vice president, general counsel, and chief compliance officer.
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Publix general counsel to retire
Supermarket chain Publix announced that Senior Vice President, General Counsel and Secretary John Attaway will retire on May 31.
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FSOC seeks changes to nonbank designation guidance
The FSOC has released proposed interpretive guidance regarding nonbank financial firm SIFI designations. It would implement an “activities-based approach” to identifying potential risks to financial stability and provide an “off-ramp” to designated firms.
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Huawei sues U.S. gov. for ‘unconstitutional sales restrictions’
Controversial tech giant Huawei has filed a complaint in a U.S. federal court that challenges the constitutionality of government restrictions on its products.
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Facebook: Can a data privacy dog really learn new tricks?
Mark Zuckerberg, founder and CEO of Facebook, wrote a long, detailed blog post on Wednesday to announce new data security and privacy initiatives. Has he seen the light, or is this yet another false promise from the social media giant?
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FINRA fines Cantor Fitzgerald $2M for Reg SHO violations, supervisory failures
The Financial Industry Regulatory Authority fined Cantor Fitzgerald $2 million for Regulation SHO violations and supervisory failures spanning a period of at least five years.
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FBI creates new International Corruption Squad in Miami
Citing the success of its three other international corruption squads operating around the country, the Federal Bureau of Investigation has announced the creation of a fourth dedicated international corruption squad, this one based in its Miami Field Office.
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MTS settles FCPA case with SEC, Department of Justice
Russian telecommunications provider Mobile TeleSystems (MTS) has reached settlements with both the Department of Justice and the Securities and Exchange Commission to resolve charges that it violated the Foreign Corrupt Practices Act to win business in Uzbekistan.
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U.K. gender pay gap reports rife with defects
A new report from U.K. organization paygaps.com says that compliance with gender pay regulations and guidance is still very weak.