All Regulatory Enforcement articles – Page 143
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Blog
Poll: When will Fairfax and Peirce be confirmed as SEC commissioners???
Bruce Carton asks: Does anyone remember waaaaaaaaaaaay back in October 2015 when President Obama nominated Lisa Fairfax and Hester Peirce as SEC Commissioners? Please take a CW poll on when these nominees will be confirmed.
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BlogMind the pay gap, especially if you are older and a mother
New rules from the U.K. government requiring firms with 250 or more employees to publish specific details on pay, including compensation differences between the sexes, should put a dent in the male/female wage gap. Paul Hodgson reports.
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Blog
Whistleblower awards and new scrutiny of SEC enforcement
The SEC’s successful whistleblower bounty program is raising some very interesting questions about the future of whistleblowing in general. Tom Fox reports on the agency’s recent enforcement actions.
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Blog
2016 SEC trial scorecard update: agency now 4-1-1 after City of Miami trial
The SEC has prevailed in a jury trial against the City of Miami (which it labeled “a recidivist violator of the federal securities laws”) and Michael Boudreaux, the city’s former budget director. Bruce Carton has more enforcement hits and misses.
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Blog
Sen. Warren demands investigation into lack of post-crisis prosecutions
In letters this week to the Department of Justice’s inspector general and FBI Director James Comey, Sen. Elizabeth Warren (D-Mass.) is demanding answers as to why the government failed to pursue criminal prosecutions for activities associated with the Great Recession of 2008. Joe Mont parses the contents of those scathing ...
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Blog
The (non) myth of the 5,300 rogue employees
The Man From FCPA, Tom Fox, asks why it is always the employee’s fault when a corporation engages in fraudulent activity leading to regulatory fallout. Perhaps the CEO of Wells Fargo, responsible for the firing of 5,300 “rogue” employees for fraudulent activity, has the answer.
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Blog
'You don't want to mess with Mary Jo,' baseball edition
When President Obama introduced Mary Jo White to be his pick to be the new SEC Chair, he famously warned that "You don't want to mess with Mary Jo!" Everyone logically assumed that he was referring to would-be securities fraudsters not wanting to mess with Mary Jo, but perhaps he ...
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Blog
SFO brings charges in Tesco accounting scandal
Tom Fox examines the Serious Fraud Office’s recent indictments against three individuals from the October 2014 Tesco scandal in which the British grocery chain overstated earnings by fraudulently accounting certain revenues received back from suppliers.
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Blog
Stuart Delery joins Gibson Dunn
Stuart Delery, former Acting Associate Attorney General of the U.S. Department of Justice—the third highest ranking position—will join international law firm Gibson, Dunn & Crutcher as a partner.
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Blog
Visibility into T&E fraud with Insights On Demand
Oversight Systems, an operational expense analysis company, has released the newest version of Insights On Demand with scalable capability to reduce fraud, waste, and abuse related to corporate travel and expense transactions.
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Blog
Senators will grill Wells Fargo CEO about illegal accounts
Wells Fargo executives will testify before Congress this week amid revelations that employees opened unauthorized deposit and credit card accounts in their pursuit of sales targets and bonuses. Joe Mont reports.
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Blog
FIFA opens formal proceeding against Sepp Blatter
The ethics committee of the Fédération Internationale de Football Association, the international governing body of professional soccer, has opened formal proceedings against Sepp Blatter, the disgraced former head of FIFA, for engaging in bribery and corruption. Jaclyn Jaeger reports.
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Blog
SEC charges two firms with compliance failures in wrap fee programs
Two investment advisory firm—Raymond James & Associates and Robert W. Baird & Co.—settled charges with the SEC related to compliance failures within their wrap fee programs. Jaclyn Jaeger has more.
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Blog
Alpine Consulting forges alliance with Pitney Bowes
Pitney Bowes, a global technology company, recently forged a new alliance with Alpine Consulting, a firm that provides risk, threat, fraud, and compliance technology solutions.
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Podcast
Podcast: The new era of regulatory enforcement
Podcast: The new era of regulatory enforcementGlobalization, terrorist attacks, the digital world, and aftermath of the great recession are all shaping a complex business landscape with unprecedented risks. In our latest podcast, we talk to KPMG's Timothy Hedley and Richard Girgenti about these challenges and their recently published book, “The ...
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Blog
CFPB slams Wells Fargo with its largest ever fine
Is the Wells Fargo Wagon a-comin’ down an ethical street? The banking giant has been hit with the largest fine ever ($185M) by the Consumer Financial Protection Bureau in addition to terminating 5,300 employees and redoubling efforts to establish an ethical culture. Joe Mont reports.
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Blog
Medical equipment companies to pay $12M for False Claims Act violations
U.S. Healthcare Supply and Oxford Diabetic Supply will pay the United States more than $12.2 million for a False Claims Act violation in which they used a fictitious entity to make unsolicited telephone calls to Medicare beneficiaries. Jaclyn Jaeger reports.
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Article
Post-Brexit, is the sky falling in the U.K., or is it business as usual?
A mix of positive and negative indicators signal an uncertain economic impact for the U.K. from its June 23 Brexit vote, but the longer-term view still trends negative. Paul Hodgson reports.
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Blog
Law firm that ran whistleblower ads in theaters secures blockbuster award
When the Dodd-Frank whistleblower provisions were passed in 2010, some plaintiffs' lawyers believed that a lucrative new whistleblower practice area might be brewing. One law firm even created an ad seeking whistleblowers that ran as a movie preview in Manhattan theaters. Six years later, this marketing seems to seems to ...
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Blog
Former SEC Whistleblower Chief McKessy lands at law firm
Sean McKessy, the former first-ever chief of the SEC’s Office of the Whistleblower, is joining law firm Phillips & Cohen as a partner in its Washington, D.C. office. Bruce Carton has more.