- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Jeff Dale2023-09-26T20:29:00
The ex-chief compliance officer at a California-based money transmitter that serviced the cannabis industry is suing her former employer alleging wrongful termination and whistleblower retaliation over lax disclosures related to an acquisition.
Cynthia Galas served as CCO at Payqwick from February 2022 to late April, according to a complaint filed in Los Angeles County Superior Court earlier this month.
During her employment, Galas was responsible for disclosures to the California Department of Financial Protection and Innovation (DFPI). At the time, Payqwick was planning to be acquired by cannabis financial technology company Green Check Verified (GCV). The deal required proper disclosure and approval by the DFPI.
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2025-01-10T20:14:00Z By Adrianne Appel
A cannabis company agreed to pay $225,000 to settle allegations that funds were temporarily deposited into its year-end accounts for the sole purpose of inflating year-end cash, the Securities and Exchange Commission said.
2023-09-29T18:30:00Z By Aly McDevitt
New York-based investment adviser D. E. Shaw & Co. will pay a $10 million penalty to settle charges brought by the Securities and Exchange Commission that the company raised impediments to whistleblowing by employees.
2023-08-25T12:53:00Z By Jeff Dale
An ex-Pfizer compliance officer is suing his former employer claiming wrongful termination and whistleblower retaliation after discovering the company allegedly paid $168 million to potentially influential government officials in China.
2025-03-10T20:56:00Z By Adrianne Appel
The public reported a 25 percent increase in losses–totaling more than $12.5 billion in 2024–to investment scams, tech rip-offs, and general fraud, according to an analysis by the Federal Trade Commission.
2025-01-08T17:13:00Z By Jeff Dale
Portuguese bank Novo Banco, S.A., fired Chief Risk Officer Carlos Jorge Ferreira Brandão “with just cause” after an internal probe discovered “suspicious financial transactions” in his sphere.
2024-12-30T14:57:00Z By Aaron Nicodemus
A prominent risk management firm has issued its predictions for the top five risks for business in 2025, along with guidance for how organizations should prepare and respond.
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