All Regulatory Enforcement articles – Page 118
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Blog
Tax Cuts and Jobs Act passes in Senate
The Senate over the weekend passed its version of the Tax Cuts and Jobs Act, aligning closely to the corresponding bill passed by the House last month as it concerns executive compensation provisions—but the Base Erosion Anti-Abuse Tax provision has the renewable energy sector in a state of panic.
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Article
MiFID II, CAT, and the new reality of time
The Markets in Financial Instruments Directive and the Consolidated Audit Trail will be vital tools for regulating a financial sector increasingly moving at speeds too fast to follow.
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Blog
SEC awards $16M to two whistleblowers
The Securities and Exchange Commission awarded more than $8 million each to two whistleblowers whose critical information and continuing assistance helped the agency successfully bring an enforcement action.
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Blog
Tax Cuts and Jobs Act portends big changes to executive pay practices
The Senate Finance Committee and the House of Representatives have each proposed their own versions of the Tax Cuts and Jobs Act, and both portend dramatic changes to executive compensation and employee benefit practices.
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ArticleFacilitation payments now illegal in Canada
Now that facilitation payments under Canada’s anti-corruption law are officially illegal, any company doing business within Canadian jurisdiction needs to adjust its compliance policies and procedures accordingly.
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Blog
CFTC releases annual enforcement results for FY 2017
The Commodity Futures Trading Commission brought 49 enforcement-related actions in the fiscal year that ended Sept. 30, 2017, including significant actions to root out manipulation and spoofing and to protect retail investors from fraud, according to the agency’s enforcement results for FY 2017.
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Blog
Turmoil reigns at CFPB after Cordray resigns
As both the CFPB itself and the White House clash over who runs the agency in the wake of Director Richard Cordray’s resignation, compliance officers should brace for one of the Trump administration’s uglier legal battles.
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Blog
Pharmacy compliance director pleads guilty over mislabeled drugs
The former director of compliance for a compounding pharmacy company pleaded guilty last week to introducing adulterated drugs into interstate commerce and conspiracy to defraud the United States by obstructing the Food and Drug Administration’s lawful functions.
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Blog
FINRA fines J.P. Morgan $1.25M for failing to screen thousands of employees
The Financial Industry Regulatory Authority fined J.P. Morgan Securities $1.25 million for failing to conduct timely or adequate background checks on approximately 8,600—or 95 percent—of its non-registered employees, in violation of federal securities laws.
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Blog
Senate once again passes bill to protect whistleblowers in antitrust cases
The U.S. Senate has unanimously passed the Criminal Antitrust Anti-Retaliation Act to extend whistleblower protection for employees who provide information to the Department of Justice related to criminal antitrust violations. The bipartisan measure has passed the Senate the past two Congresses, but has yet to be taken up by the ...
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Blog
Are changes coming to the DoJ corporate monitor program?
As a review of the Justice Department’s corporate monitor practices is taking shape, reports have surfaced that experts have their own suggestions.
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ArticleCompliance practices for Iran and Russia sanctions
Looming deadlines and decision points concerning Iran and Russia may portend changes in the implementation of existing sanctions. The challenge for sanctions compliance professionals is how to manage these risks while still engaging in legitimate trade.
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Blog
World Bank: FreeBalance faces six-month debarment
The World Bank Group announced the debarment for six months of FreeBalance, a Canadian provider of financial-management-related software, connected to sanctionable misconduct under the Integrated Financial Management Information System Project for Liberia.
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Article
Enforcement against opioid drug makers and distributors escalates
Several actions taken by the Department of Justice in recent weeks make it clear that prosecutors have their sights set squarely on pharmaceutical manufacturers and distributors for their role in the opioid epidemic.
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Article
From ‘regulatory spaghetti’ to ‘regulator ready’
For financial services firms, employing centralized data processing is a capability that many firms simply cannot afford to live without.
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Blog
State Department finds human rights abuses at Chol Hyun Construction
Compliance and risk practitioners, beware: A new report from the U.S. Department of State detailing aspects of the human rights situation in North Korea has listed Chol Hyun Construction as a company that practices state-sponsored slavery.
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Blog
SEC: Compliance officer stole $9M from charity
The Securities and Exchange Commission has charged a chief compliance officer with defrauding a non-profit charitable foundation out of $9 million over the course of twelve years.
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Blog
GM to pay $120M in ignition switch case
General Motors today reached a $120 million settlement with the attorneys general of 49 states and the District of Columbia to resolve claims that the automaker concealed safety issues related to ignition-switch-related defects in several of its vehicles.
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Article
Compliance considerations for doing business in Sudan
The United States might have lifted sanctions against Sudan, but companies looking to do business there need to understand the many serious compliance hurdles that still exist.
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Blog
SEC announces another big whistleblower award
The Securities and Exchange Commission today announced that a whistleblower has earned an award of more than $1 million for providing the SEC with new information and substantial corroborating documentation of a securities law violation by a registered entity that impacted retail customers.