All United States articles – Page 112
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News Brief
SEC fines SPAC $104K for control failures that enabled CFO embezzlement
African Gold Acquisition Corp. will pay a $103,591 fine for allegedly having flawed internal controls, reporting, and recordkeeping procedures that allowed its former chief financial officer to drain approximately $1.2 million from its bank account.
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News BriefSEC cites CCO error in HITE Hedge short selling case
Investment advisory firm HITE Hedge Asset Management and its private fund clients agreed to pay more than $220,000 to settle allegations the firm violated a Securities and Exchange Commission rule concerning short selling.
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Blog
DLA Piper recruits CCO from Lidl US
Multinational law firm DLA Piper announced the appointment of Kristy Balsanek as partner in the firm’s regulatory and government affairs group.
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News BriefWells Fargo probed for employee use of off-channel communications
The Securities and Exchange Commission and Commodity Futures Trading Commission are investigating Wells Fargo regarding employees’ improper use of off-channel communications to conduct business and the bank’s recordkeeping of those communications.
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Blog
Mastercard promotes CCO to chief risk officer
Mastercard announced the promotion of Chief Compliance Officer Karen Griffin to chief risk officer.
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News BriefTreasury No. 2 warns of increased Russian sanctions enforcement
Deputy Secretary of the Treasury Wally Adeyemo said the agency is primed to step up its enforcement efforts regarding sanctions and export controls announced against Russia in the year since the country invaded Ukraine.
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Blog
WeWork promotes legal head to chief compliance officer
Coworking space company WeWork announced the promotion of Pam Swidler to chief legal officer, chief compliance officer, and corporate secretary.
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News BriefHHS reports: Compliance reviews, health data breaches up
The number of compliance reviews by the Department of Health and Human Services of health organizations increased between 2017 and 2021, according to the agency’s latest reports to Congress.
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News BriefMormon church, investment manager pay $5M for misstating asset ownership
The Church of Jesus Christ of Latter-day Saints and its investment advisory firm agreed to pay a total of $5 million to settle charges from the Securities and Exchange Commission that both entities conspired to obscure the value of the church’s investments.
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News BriefRaiffeisen confirms OFAC probe into Russia, Ukraine business
Raiffeisen Bank International said it received a request for information from the Treasury Department’s Office of Foreign Assets Control regarding its business activities related to Russia and Ukraine.
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PremiumCybersecurity pillars: Prevention, protection, mitigation, governance
The former superintendent of the New York State Department of Financial Services explained how the structure of a cybersecurity program is like a compliance program and can be divided into four buckets during a panel discussion at CW’s Cyber Risk & Data Privacy Summit.
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News BriefSEC, CFTC order Options Clearing Corp. to pay $22M over internal rule failures
Options Clearing Corp. agreed to pay $22 million as part of settlements with the Securities and Exchange Commission and Commodity Futures Trading Commission addressing charges the company failed to comply with internal rules to manage risks.
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News BriefDOJ official defends use of DPAs amid criticisms
Deputy Assistant Attorney General Lisa Miller spoke to the value of deferred prosecution agreements to resolve corporate misconduct amid renewed criticism directed toward the Department of Justice’s 2021 agreement with Boeing.
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PremiumGDPR push for privacy by design still ‘a long way off’
Italy’s data protection authority banned U.S.-based AI chatbot creator Replika from processing the personal data of Italian users because of risks the service posed to minors and vulnerable people—the latest example of a tech company’s product running afoul of the GDPR.
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Blog
Vytalize Health appoints chief compliance officer
Vytalize Health announced the appointment of Derek Kang as chief compliance officer.
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Blog
Coalesce Capital appoints chief compliance officer
Private equity firm Coalesce Capital announced the appointment of Bethany Foullois as chief compliance officer and chief operating officer.
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Blog
Tesla recruits general counsel from Dish Network
Electric vehicle maker Tesla announced the appointment of Brandon Ehrhart as general counsel and corporate secretary.
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Blog
Sprinklr promotes CCO to general counsel
Software-as-a-service company Sprinklr announced the promotion of Deputy General Counsel and Chief Compliance Officer Jacob Scott to general counsel and corporate secretary.
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News BriefSEC proposes expansion of RIA custody rule
The Securities and Exchange Commission proposed registered investment advisers be required to place nearly any asset, not just cash and securities, with qualified custodians, thereby expanding the scope of client assets.
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PremiumCISA strategist: What is an SBOM and why it matters to compliance
Cyberattacks on software are increasing, and the best chance organizations have of protecting themselves is to know about potential vulnerabilities through a software bill of materials, CISA Strategist Allan Friedman shared at CW’s virtual Cyber Risk & Data Privacy Summit.