- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Adrianne Appel2022-08-29T19:44:00
The Securities and Exchange Commission (SEC) ordered a former principal accounting officer and controller at PPG to pay $100,000 for accounting improprieties aimed at inflating the Pittsburgh-based painting supply company’s earnings per share.
Mark Kelly, who was terminated by PPG in 2018 after an internal investigation into his alleged actions, was barred from practicing as an accountant at any public firm without the right to apply for reinstatement, according to the SEC’s order published Friday. Kelly did not admit nor deny the agency’s findings in reaching settlement.
Kelly inflated earnings during the years 2016-18, according to the SEC.
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PPG announced the SEC and Department of Justice have ended their investigation into alleged accounting irregularities by the company and will not be issuing a financial or any other penalty.
Global professional services firm Huron announced that it has promoted Hope Katz to executive vice president, general counsel, and corporate secretary, effective Jan. 1.
Federal Reserve Bank of St. Louis announced that Jennifer Haynes, currently vice president and deputy general counsel, will be promoted to senior vice president, general counsel and corporate secretary, effective Jan. 1.
Purported “testimonial and review” service Rytr agreed to stop selling its program that used artificial intelligence to create fake content as part of a consent order with the Federal Trade Commission.
Bank of America avoided a monetary penalty in agreeing to settle charges with the Treasury Department’s Office of the Comptroller of the Currency but was ordered to shore up previously disclosed deficiencies in its Bank Secrecy Act/anti-money laundering (BSA/AML) and sanctions compliance programs.
Aviation maintenance services provider AAR Corp. will pay nearly $56 million to settle charges that it violated the Foreign Corrupt Practices Act when it paid bribes to government officials in Nepal and South Africa.
