- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Formic, which specializes in robotics, industrial automation, and manufacturing, announced the addition of Todd Plotner as the company’s first general counsel.
While a partner at Chicago-based Chapman and Cutler, Plotner represented Wall Street banks, specialty finance companies, and start-ups. He also advised companies on financing arrangements for a variety of assets including industrial equipment.
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USAA Federal Savings Bank has been hit with its third cease and desist order from the Treasury Department’s Office of the Comptroller of the Currency in the past five years for failing to correct unsafe and unsound banking practices.
Any product that uses AI needs to be safety assessed for its entire lifespan under new rules that went into effect recently across the EU. Experts warned companies using AI to tailor products could be classed as “manufacturers” and face the same duty of care as developed.
National Philanthropic Trust announced the appointment of Tamara Watts, vice president, legal and general counsel for The Susan Thompson Buffett Foundation, to its board of trustees.
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