Appointment Blogs | Compliance Week – Page 139
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Hedge fund adviser charged with inadequate insider trading controls
A hedge fund advisory firm has agreed to pay more than $4.6 million to settle SEC charges that it had inadequate policies and procedures to prevent the misuse of inside information, including information about confidential government decisions.
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NLRB compliance officer fabricated victims, stole from compensation fund
A former NLRB compliance officer pleaded guilty this week to charges he stole more than $400,000 from an agency fund he oversaw that was intended to distribute funds to employees victimized by labor law violations.
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New study shows more audit committee disclosure
A recent study of Fortune 100 proxy materials shows audit committees continue to voluntarily explain their oversight of the external audit.
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The Lakers, KPMG, and Shkreli
In case you missed it this week, the LA Lakers are under fire for potential tampering, KPMG coughs up $6m to the SEC, and pharma-bro Shkreli is having a rough time finding anyone who doesn’t hate him.
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Another CCO settles with SEC over negligence of duties
The SEC has announced another settlement with a former CCO over alleged negligence. The settlement, reached on Aug. 15 also offers a caution about retaining third party compliance services.
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Signals and virtue
As business leaders publicly resign from Presidential economic committees in light of President Trump’s Charlottesville comments, “tone from the top” matters now more than ever.
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Teza Capital Management names chief risk officer
Teza Capital Management, a quantitative asset management firm, has named Reinhold Gebert as chief risk officer, as well as chief operating officer.
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La-Z-Boy appoints new chief accounting officer
Furniture company La-Z-Boy has appointed Lindsay Barnes as chief accounting officer. She replaces Margaret Mueller who has resigned.
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Rackspace launches new privacy and data protection offering
Rackspace this week announced the launch of Privacy and Data Protection (PDP), a new cyber-security offering designed to help identify and protect sensitive data in a customer’s environment.
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Vantage Drilling: Justice Department ends FCPA probe
Vantage Drilling Company, an offshore drilling contractor, announced this week that it will not be facing an enforcement action from the Department of Justice regarding a previously disclosed investigation into potential violations of the Foreign Corrupt Practices Act.
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Audit tensions often precede control weaknesses, study says
If tensions are rising between a given company and its external auditor, there’s a greater chance the company will be reporting internal control weaknesses.
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Basel AML index: countries still fall—sometimes severely—short
The annual Basel Anti-Money Laundering Index, a ranking of 146 countries regarding money laundering risks, is out. The findings show that plenty of work on the issue remains to be done.
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Compensation for outside corporate directors is stabilizing
A recently released analysis by Willis Towers Watson fiinds that the total compensation for outside corporate directors is rising, but only at an average pace of 2 percent in 2016.
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After CEO defections, Trump ends White House business forums
Amid an exodus of CEOs, President Trump, under fire for post-Charlottesville remarks, is ending two White House forums that advised him on economics and manufacturing.
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Republican governors serve CFPB director with FOIA demands
Republican governors have served CFPB Director Richard Cordray with another Freedom of Information Act request in an effort to prove a Hatch Act violation.
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New SEC chair gets new demands for political contribution disclosures
With a new SEC chairman, a new push is underway to have a fresh consideration of a disclosure rule covering political contributions made by public companies.
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Bill would strip NLRB of prosecutorial powers
Recent legislation, gaining Republican support, would limit the power of the NLRB. It would be able to conduct investigations, but not be allowed to prosecute them.
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Sen. Warren quizzes bank CEOs on arbitration rule
Senator Elizabeth Warren (D-Mass.) is targeting top bank executives, demanding that they go public with their views of the CFPB's recent rule banning forced arbitration.
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KPMG, partner settle SEC audit failure allegations
The SEC has extracted a $6.2 million settlement from KPMG over charges that the firm and an engagement partner failed to properly audit valuations in 2011.
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SEC opens search for PCAOB members, including chair
New leadership will soon take over the helm of the PCAOB after SEC Chairman Jay Clayton opens a public search for as many as four board positions.