All articles by Kyle Brasseur – Page 42
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Twitter adds former FBI general counsel
Social networking platform Twitter beefed up its legal team with the addition of former FBI General Counsel Jim Baker as deputy general counsel.
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Auditor change: GE dumps KPMG for Deloitte
General Electric announced the appointment of Deloitte as its new independent auditor for fiscal year 2021, ending a relationship with KPMG that dates back to 1909.
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Like it or not, Clayton caught up in Trump machine
SEC head Jay Clayton has largely stayed out of the spotlight … until now, as he finds himself embroiled in a controversy that wasn’t of his own making. Such is life as a cog in the Trump machine.
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French court upholds Google’s $57M GDPR fine
The top administrative court in France shot down Google’s appeal of a €50 million (U.S. $57 million) fine the tech giant received last year for violations of the EU’s General Data Protection Regulation.
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Tumultuous U.S. leadership hurts image of compliance
If “tone at the top” is a benchmark for determining ethical leadership, where does the United States stand?
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DOJ Civil Division head to resign
Jody Hunt, head of the Justice Department’s Civil Division, informed staff in an e-mail that he will resign from his role, effective July 3.
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SEC guidance: Areas of focus for Reg BI
The SEC confirmed the June 30 compliance date for its Regulation Best Interest rule, in addition to sharing a handful of areas that deserve attention when making recommendations to investors in accordance with new policy.
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EDPB task force to probe TikTok privacy practices
The European Data Protection Board will establish a task force to acquire a more comprehensive overview of TikTok’s privacy practices and coordinate any potential actions against the company.
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Citigroup chief compliance officer to retire
Citigroup Chief Compliance Officer Mark Carawan is set to retire after nearly nine years with the firm. Carawan will be replaced by Mary McNiff, the current chief executive officer of Citibank N.A.
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EDPB challenges Hungary’s GDPR suspension under Article 23
The European Data Protection Board will issue guidelines on the implementation of Article 23 of the GDPR after Hungary’s government used the article to suspend data subject rights until the end of its coronavirus state of emergency.
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FASB finalizes leases, rev rec delays prompted by coronavirus
The Financial Accounting Standards Board finalized effective date delays of one year to standards affecting revenue recognition and leases in response to the coronavirus pandemic.
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Airbnb ethics chief departs
Airbnb Chief Ethics Officer Rob Chesnut announced his departure from the lodging marketplace giant after four years with the company.
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Boeing appoints chief compliance officer
Aerospace giant Boeing recently appointed Uma Amuluru as vice president and chief compliance officer following the combining of its compliance and legal functions.
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PCAOB inspection pause ends without extension
The Public Company Accounting Oversight Board announced the conclusion of its coronavirus-related 45-day relief period on audit inspections without an extension.
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Embattled Wirecard appoints new CCO
Under investigation for suspected market manipulation, Wirecard has named James Freis as its new chief compliance officer amid several organizational changes.
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MiMedx names new accounting chief post fraud settlement
Biotech company MiMedx Group, which last November settled an alleged case of accounting fraud with the SEC, announced the appointment of William Phelan as senior vice president and chief accounting officer.
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Can a CCO be a DPO? Belgian data authority not so sure
A recent ruling out of Belgium throws water onto the idea that the head of audit, risk, or compliance at a company can also serve as data protection officer as required by the GDPR.
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VP’s abrupt exit paints Amazon as coronavirus villain
Saying there is “evidence of a vein of toxicity” running through Amazon’s company culture, a now-former VP is the most prominent voice to speak out against the tech behemoth’s actions during the coronavirus pandemic.
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CFTC Commissioner Quintenz won’t seek second term
Brian Quintenz, one of five commissioners at the CFTC, announced he won’t seek renomination to a second five-year term and will depart the agency by the end of October.
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SEC hands out second top-10 whistleblower award this month
The Securities and Exchange Commission announced the award of $18 million to a whistleblower, continuing a two-month surge in payouts by the agency that has now seen two of its largest bounties to date.