All Regulatory Enforcement articles – Page 117
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Article
SOX did not end audit opinion shopping, study says
Despite regulatory efforts to make auditors more independent and more skeptical, companies have been able to shop for audit opinions, a new study says.
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Article
SEC fines Telefônica Brasil $4.13M in World Cup ticket case
Spanish telecom provider Telefônica Brasil received a civil penalty for improperly accounting for tickets and hospitality given to government officials.
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Article
France Telecom execs on trial over employee suicides
The trial has begun for seven former France Telecom executives, who stand accused of implementing a severe cost-cutting regime that resulted in the suicides of dozens of employees.
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Article
CFPB proposes debt collection rule changes
Proposed regulations to renew the Fair Debt Collection Practices Act include unlimited texting and e-mail in collection efforts.
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Article
Commerce slices into Mexican tomato imports
The U.S., mired in a countdown to additional Chinese tariffs, will impose a 17.5 percent tariff on Mexican tomato imports beginning Tuesday. Shortages and spiking prices are predicted.
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Article
Senators chide slow-acting FTC over Facebook fine
With reports that the FTC is still negotiating penalties for Facebook’s breach of a privacy-related consent order, Senators Josh Hawley and Richard Blumenthal urged the agency to “act swiftly to conclude its investigation.”
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Article
FTC cracks down on Ukrainian dating apps
The FTC has removed dating apps from Apple’s App Store and Google’s Google Play Store following allegations they allowed children as young as 12 to access them.
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Article
SEC charges GT Advanced Technologies with fraud
GT Advanced Technologies is in trouble with the SEC for misleading shareholders about its ability to provide sapphire glass to Apple for its iPhones.
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Article
New compromise in SEC, Elon Musk battle
A new proposal to combat Tesla CEO Elon Musk’s bad behavior has some at the SEC shaking their heads after Musk breached last year’s SEC agreement.
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Article
Preet Bharara to deliver keynote at CW2019
Former federal prosecutor and best-selling author Preet Bharara will deliver a keynote at the upcoming CW annual conference at the Mayflower Hotel in Washington D.C.
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Article
EU data supervisor warns online providers about Ts & Cs
The European Data Protection Supervisor is warning social media and tech companies that their consumer terms and conditions may soon come under increased scrutiny if they fail to comply with the agency’s rules.
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Resource
The Compliance Officer’s Ultimate Compliance Guide
The job of compliance officer has become increasingly dominated by technology and automation. And one under constant pressure from changing regulation globally.
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Article
SEC suspends trading for Bitcoin Generation
The Securities and Exchange Commission has temporarily suspended trading for cryto currency market operator Bitcoin Generation while it looks into concerns about information on the marketplace on which investors are relying.
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Article
Enforcement actions against accountants on the decline
Accountants and auditors are getting a lighter touch from enforcement authorities, according to an analysis that shows actions dropped significantly from 2017 to 2018.
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Article
Swedbank creates new unit to combat financial crime
As Swedbank faces multiple investigations into money laundering practices, the bank’s acting president and CEO Anders Karlsson recently announced the formation of a new unit to combat financial crime.
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Article
SEC charges compliance officer in ticket resale scam
The SEC has charged a CCO with perpetuating a previously charged scheme run by his cousin that involved stealing millions of dollars from investors.
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Article
Justice Department revises the Evaluation of Corporate Compliance Programs
The Department of Justice on April 30 released a revised, more comprehensive guidance describing specific factors that prosecutors should consider when evaluating corporate compliance programs.
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Article
CFTC approves proposed rule to improve quality for swap data repositories
The Commodity Futures Trading Commission approved a proposed rule to improve the quality of swap data and update and streamline regulations related to swap data repository operations and governance.
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Article
Astellas, Amgen to pay $124.75M for False Claims Act violations
Pharmaceutical companies Astellas and Amgen will pay a total of $124.75 million to resolve allegations that they violated the False Claims Act by illegally paying the Medicare co-pays for their own high-priced drugs.
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Article
Glencore announces CFTC probe
The U.S. Commodity Futures Trading Commission is investigating whether multinational commodity trading and mining company Glencore and its subsidiaries might have violated certain provisions of the Commodity Exchange Act and/or CFTC regulations.