Articles | Compliance Week – Page 98
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Former Criminal Division head Brian Rabbitt joins Jones Day
Brian Rabbitt, who most recently served as acting assistant attorney general and principal deputy assistant attorney general for the Department of Justice’s Criminal Division, has joined Jones Day, the law firm announced.
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Special report: Compliance, infosec & battling cyber threats
LifePoint Health’s VP for Compliance Program Operations/Chief Privacy Officer Ellen Hunt and VP/CISO Andy Heins share how they work ”hand in glove” to protect their company’s data from bad actors.
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Zurich North America appoints Canada chief risk officer
Insurance company Zurich North America has named Sonia Kundi as Canada chief risk officer.
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Genuine Parts Company appoints chief accounting officer
Genuine Parts Company announced the appointment of Napoleon Rutledge as chief accounting officer, in addition to his current role as senior vice president of finance.
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Baker Hughes facing sanctions-related SEC probe
Baker Hughes is being investigated by the SEC related to “books and records and internal controls regarding sales of its products and services in projects impacted by U.S. sanctions.”
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FERF study: Average audit fees inch higher in 2019
In the 11th edition of its annual public company audit fee study, the Financial Education & Research Foundation reported an increase of 6 percent in average audit fees largely due to expanded scope.
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SEC halt on ‘meme stocks’ just the beginning of GameStop fallout?
The SEC over the last month has suspended trading on securities offered by 21 companies in reaction to market volatility caused by “apparent social media attempts to artificially inflate their stock price.” Could the trend lead to further regulation?
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Pilgrim’s Pride pays $108M in price-fixing scandal
Pilgrim’s Pride has become the first company to plead guilty for its role in a conspiracy to fix prices and rig bids in the broiler chicken industry and will pay a $108 million criminal fine.
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Robinhood, FINRA discussing settlement over 2020 outages
Online stock-trading platform Robinhood said it may face at least $26.6 million in costs related to resolving investigations by FINRA concerning its options-trading practices and outages its platform suffered last year.
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CCOs, take note: ESG is having its moment
The Biden administration is not so quietly making big moves in the area of ESG regulatory initiatives that should give CCOs the cachet to elevate these issues closer to the top of the priority list at their organizations.
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Banks filing more SARs amid pandemic; is this the right approach?
An increase in the submission of suspicious activity reports for cash values that fall under the mandatory $10,000 transaction reporting threshold last year is a proactive step by banks, but more can always be done, writes Martin Woods.
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La-Z-Boy names chief compliance officer, general counsel
Furniture company La-Z-Boy announced Raphael Richmond, senior director of corporate compliance and employment law, will succeed Stephen Krull as vice president and general counsel. Richmond will also hold the role of chief compliance officer.
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Texas Capital Bank appoints chief risk officer
Texas Capital Bank and its parent company Texas Capital Bancshares announced Tim Storms has been named chief risk officer of both companies.
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TikTok $92M settlement includes data privacy compliance training program
TikTok is seeking preliminary approval of a class-action settlement with terms that would require the video sharing platform to establish a $92 million settlement fund and create a new compliance framework, according to court documents.
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Grant Thornton adds risk to chief compliance officer’s title
Grant Thornton appointed Beatrix Bernauer to serve as the firm’s first chief risk officer, in addition to her current role as chief compliance officer.
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Ireland GDPR report: Big fines coming soon for Big Tech?
Ireland’s data regulator has 27 ongoing cross-border inquiries into Big Tech firms, according to its latest annual report. It expects several cases to be resolved in the coming year.
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EY Germany changes leadership in wake of Wirecard scandal
Hubert Barth, head of EY’s Germany practice for the past five years, will step down and take on a “new role at the European level” as the firm seeks to restore its tarnished reputation following its missteps leading up to the collapse of Wirecard.
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CW panel: Preparing for the return to the workplace—and the next pandemic
Experts at CW’s “Compliance Considerations for the New Workplace” virtual summit discuss striking the balance between complying with laws applicable to matters of health and safety while still respecting employee privacy in the return to the office and beyond.
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SEC charges Gulfport, former CEO with failing to disclose executive perks
The SEC settled charges against gas exploration and production company Gulfport Energy and its former CEO Michael Moore for failing to properly disclose as compensation certain perks provided to Moore and related personal expenses.
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Legal precedent for COVID-19 vaccine mandates on shaky ground, expert says
Mandating COVID-19 vaccines for your workplace might not be as straightforward as following the legal precedent set by flu vaccines, an expert explained at CW’s “Compliance Considerations for the New Workplace” virtual summit.