All Government articles – Page 42
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Article
Zuckerberg to testify before Congress on Libra
Facebook CEO Mark Zuckerberg will testify before the House Financial Services Committee on Oct. 23 regarding his company’s planned venture into the cryptocurrency space.
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Article
SEC selects Casepoint for cloud-based eDiscovery pilot
Casepoint announced the Securities and Exchange Commission has selected it for a cloud-based electronic discovery system.
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SEC names associate regional director in Los Angeles office
The Securities and Exchange Commission has named Katharine Zoladz as associate regional director for enforcement in the Los Angeles Regional Office.
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ArticleMore foreign investments to be scrutinized under Treasury proposals
The Committee on Foreign Investment in the United States (CFIUS) will have a bigger role in assessing a deal’s impact on national security after two recent proposals by the Treasury Department.
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ArticleOCC eases stress-testing requirements for banks
New OCC requirements mean national banks and federal savings associations with assets under $250 billion will no longer have to self-administer stress tests annually.
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ArticleUpcoming regulatory events: SEC, DOJ, FASB, and more
Fall is a busy time for regulators across the compliance landscape. Take note of upcoming events, plus some early conference registration news.
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Article
DOJ contests Eni’s statement concerning corruption case
Calling Eni’s statement “misleading,” the Department of Justice wants to make it clear its corruption inquiry into the Italian oil company was not closed for lack of evidence.
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Article
Bill requiring shell companies to disclose ownership introduced in Senate
Aimed at fighting money laundering, newly proposed legislation looks to mandate full transparency from shell companies on ownership and also fosters greater communication between financial institutions and law enforcement agencies.
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ArticleBlockchain company to pay $24M for unregistered ICO
Block.one has agreed to settle charges with the SEC and pay a $24 million civil penalty for conducting an unregistered initial coin offering of digital tokens that raised the equivalent of several billion dollars.
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Article
CFPB adds new executives
The Consumer Financial Protection Bureau recently announced several new additions to its executive team, including the appointment of Bryan Schneider as associate director in the Supervision, Enforcement and Fair Lending Division.
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ArticleWhistleblower awarded $7M for ‘limited assistance’
A whistleblower who provided the Commodity Futures Trading Commission with “limited assistance” about misconduct that prompted an investigation was still awarded $7 million, the agency announced.
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ArticleFRC investigates EY over Thomas Cook’s books
The U.K. Financial Reporting Council is investigating EY over the audit work it carried out at travel firm Thomas Cook, which recently declared bankruptcy.
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Article
SEC modernizes rules on exchange-traded funds
Despite an effective date about a year out, regulated entities still need to make some decisions now about policies and procedures if they are relying on a new regulation applying to exchange-traded funds.
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ArticleCompliance lessons from Quad/Graphics’ $10M FCPA settlement
Quad/Graphics will pay $10 million to resolve SEC charges that it violated the Foreign Corrupt Practices Act by engaging in widespread bribery schemes in Peru and China, but the compliance lessons are priceless.
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ArticleCompliance takeaways from Barclays’ $6.3M FCPA settlement
Barclays joins a growing list of financial institutions to pay a penalty for violations of the books and records and internal accounting controls provisions of the FCPA due to questionable hiring practices.
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Article
SEC reaches settlements with 17 advisory firms over disclosure failures
The SEC on Monday announced settled charges against 17 investment advisers for disclosure failures regarding their mutual fund share class selection practices.
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ArticleWestport Fuels, former CEO pay $4.1M in FCPA case
Westport Fuels Systems and its former CEO have reached a $4.1 million settlement with the SEC for violating the Foreign Corrupt Practices Act by paying bribes to a foreign government official in China.
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ArticleAvanir to pay $116M for engaging in kickback scheme
Avanir Pharmaceuticals will pay a combined $116 million in civil and criminal penalties for paying kickbacks to a physician to induce prescriptions of its drug Nuedexta, the Department of Justice announced.
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ArticleBMO firms to pay $37M for misleading clients
Two BMO advisory firms have agreed to pay over $37 million in a settlement with the SEC for misleading clients on aspects of their retail investment advisory program.
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ArticleFiat Chrysler to pay $40M for misleading investors
Automaker FCA U.S. and its parent company, Fiat Chrysler Automobiles, have reached a $40 million settlement with the SEC for misleading investors about the number of new vehicles sold each month to customers in the United States.