All United States articles – Page 103
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SEC warns auditors of risks in taking on Chinese clients
U.S.-based audit firms seeking new public company clients in China should ensure they have full access to previous audits and work papers before taking the job or risk potential enforcement, the acting chief accountant at the Securities and Exchange Commission warned.
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Natixis agrees to $2.8M CFTC fine for oversight failures
Natixis, a Paris-based global bank and swap dealer, will pay a $2.8 million fine to the Commodity Futures Trading Commission to settle charges it failed to prevent rogue traders from submitting false and misleading entries on trades over five years.
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Bayer to pay $40M to settle long-running false claims suits
Bayer agreed to pay $40 million to settle allegations its sales team paid kickbacks to hospitals and doctors for prescribing its drugs and that the pharmaceuticals company downplayed risks regarding certain of its offerings.
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Details murky in Samsung’s second data breach this year
Samsung revealed a hacker accessed the personal data of an unspecified number of its U.S.-based customers, even after improving its cybersecurity systems following a previous breach earlier this year.
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Washington Federal promotes chief risk officer to CFO
Washington Federal, the parent company of Washington Federal Bank, announced the promotion of Chief Risk Officer Kelli Holz to chief financial officer.
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Centene appoints chief ethics and compliance officer
Managed care company Centene Corp. announced the appointment of Ashlee Knuckey as chief ethics and compliance officer.
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Philips subsidiary to pay $24M for kickback violations
Philips RS North America agreed to pay more than $24 million to settle allegations it paid kickbacks to medical equipment suppliers to push its products ahead of other brands that are provided to patients of federal health programs.
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CHS avoids fine in SEC accounting fraud case
Minnesota-based agricultural cooperative CHS settled charges levied by the Securities and Exchange Commission that the company violated federal securities laws when it filed materially false financial statements with the agency over five years.
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Wells Fargo ordered to pay ex-manager $22M in SOX whistleblower case
Wells Fargo must pay more than $22 million to a former senior banking executive who alleged to the Occupational Safety and Health Administration they were retaliated against for blowing the whistle on financial misconduct.
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Upheld ex-Alstom exec’s acquittal affirms ‘setback’ for FCPA’s reach
The latest development in the nearly decadelong Lawrence Hoskins court case has the potential to open the door for foreign nationals involved in aiding U.S. companies with foreign bribery schemes to escape liability under the Foreign Corrupt Practices Act, according to experts.
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Walgreens appoints U.S. head of ESG, DEI
Retailer Walgreens Boots Alliance announced the promotion of Vice President of Federal Government Relations Alethia Jackson to senior vice president of ESG and chief DEI officer for the United States, effective Oct. 1.
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Xactus names general counsel, chief compliance officer
Xactus, a credit score verification company serving the mortgage industry, announced the appointment of Ross Gloudeman as general counsel and chief compliance officer.
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Atlantic Union Bank appoints chief risk officer
Atlantic Union Bank announced the appointment of Sherry Williams as chief risk officer.
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SEC fines ex-PPG controller $100K over accounting improprieties
The Securities and Exchange Commission ordered Mark Kelly, the former principal accounting officer and controller at PPG, to pay $100,000 for accounting improprieties aimed at inflating the painting supply company’s earnings per share.
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FTC sues Kochava for collecting, selling mobile phone user data
Data broker Kochava has been sued by the Federal Trade Commission for selling geolocation data on hundreds of millions of mobile phone customers that could unveil sensitive personal information without their knowledge or consent.
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McDonald’s names chief impact officer to head ESG
Fast food chain McDonald’s announced the appointment of Jon Banner as executive vice president and global chief impact officer. He will oversee the company’s sustainability and environmental, social, and governance efforts.
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SEC reverses Clayton-era whistleblower rule changes
The Securities and Exchange Commission amended its rules to provide further incentives to whistleblowers, particularly in cases involving large payouts or multiple federal agencies.
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Taronis Fuels to pay $5.1M in SEC fraud settlement
Industrial gas and water products manufacturer Taronis Fuels agreed to pay $5.1 million to settle fraud charges levied by the Securities and Exchange Commission.
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Granite Construction fined $12M over exec accounting fraud scheme
California-based civil engineering and infrastructure firm Granite Construction agreed to pay $12 million to settle Securities and Exchange Commission charges alleging fraud related to inflation of the company’s financial performance.
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U.S., Israel finalize deal on cybersecurity cooperation
The United States and Israel have finalized an agreement to work together to protect the financial sector from cybersecurity attacks, the U.S. Treasury Department announced.