All United States articles – Page 122
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ArticleEx-Iconix CEO found guilty of accounting fraud
Neil Cole, the former CEO of Iconix Brand Group, faces possible jail time after his conviction of fraudulently inflating the brand management company’s revenue and misleading investors and auditors.
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Diebold Nixdorf promotes CECO to chief people officer
Retail technology company Diebold Nixdorf announced Chief Ethics and Compliance Officer Elizabeth Radigan has been appointed executive vice president and chief people officer.
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ArticleDOJ seeking Rennova Health return pandemic relief funds
The Department of Justice requested Rennova Health repay Covid-19 relief funds it received in 2020 as part of a whistleblower lawsuit against the healthcare services provider alleging ineligible use of the money.
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ArticleKraken to pay $362K over Iran sanctions screening lapses
Virtual currency exchange Kraken will pay a fine of approximately $362,159 to settle charges it violated U.S. sanctions against Iran, according to the Treasury Department’s Office of Foreign Assets Control.
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ArticleRegs order Citi to address unresolved data management woes
Citigroup has successfully resolved key compliance shortcomings identified as part of a 2020 enforcement action but still has work to do to address data management weaknesses, according to federal banking regulators.
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ArticleGoldman Sachs unit fined $4M for ESG investment lapses
Goldman Sachs Asset Management agreed to pay $4 million to settle SEC charges it failed to follow its own policies and procedures regarding a trio of investment products marketed for their environmental, social, and governance considerations.
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ArticleUnisys: Probe identified ‘material weaknesses’ in disclosure controls
IT services company Unisys Corp. revealed the discovery of faults in its internal control over financial reporting, including involving its compliance functions, following an internal investigation it first disclosed earlier this month.
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Papa John’s brings back former VP as diversity chief
Pizza restaurant chain Papa John’s International announced the appointment of Elias Reyna as its chief people and diversity officer.
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ArticleElizabeth Holmes sentenced to 11-plus years in prison
Theranos Founder Elizabeth Holmes was sentenced to more than 11 years in prison Friday after being convicted of fraud earlier this year for her actions as head of the defunct blood-testing company.
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Dollar Tree fills compliance, diversity, sustainability officer roles
Discount retailer Dollar Tree announced the appointments of three different executives to lead its compliance (Jennifer Bohaty), diversity (Terence Goods), and sustainability (Jennifer Silberman) efforts.
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ArticleFINRA to sweep crypto-related communications by broker-dealers
The Financial Industry Regulatory Authority announced an examination sweep of retail communications by broker-dealers and their affiliates related to cryptocurrency asset products and services.
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PosiGen appoints chief compliance and policy officer
Renewable energy company PosiGen announced the appointment of Steven Burt as chief compliance and policy officer.
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Cybersecurity staffing woes play part in FTC Safeguards Rule delays
The Federal Trade Commission extended the deadline for compliance with certain changes to its Safeguards Rule announced last year, in part because of labor shortages in the cybersecurity market.
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ArticleBig penalties, admissions fuel record SEC enforcement year
The Securities and Exchange Commission collected more than $6.4 billion in enforcement penalties, fees, and interest in fiscal year 2022—the largest amount in the agency’s history and a massive increase over a transition year in 2021.
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ArticleTreasury recommends more oversight for bank-fintech relationships
A new Treasury report found as the trend of nonbank fintech companies providing financial services in partnership with regulated entities continues to grow, regulators need to increase oversight of these relationships to curb the risks they pose.
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Buzzfeed promotes CCO to chief legal officer
Media outlet Buzzfeed disclosed the promotion of Senior Vice President, Chief Compliance Officer and Head of Litigation David Arroyo to chief legal officer and corporate secretary.
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ArticleGoogle to pay record $391.5M in settlement with states over location tracking
Google agreed to pay $391.5 million to settle charges it misled millions of users regarding a setting that tracked location data without their knowledge, according to an agreement the company reached with a coalition of 40 state attorneys general.
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ArticleS&P Global fined $2.5M over conflict of interest lapses
Credit rating agency S&P Global Ratings agreed to pay $2.5 million and improve its compliance practices to settle allegations by the SEC that its marketing team pressured the ratings team concerning the rating of a particular mortgage-backed security transaction.
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ArticleWalmart to pay $3.1B in nationwide opioid settlement
Walmart announced it agreed to a $3.1 billion nationwide settlement designed to resolve all the potential state lawsuits it faces for its alleged role in fueling the opioid epidemic.
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CHS names chief sustainability officer
Agriculture business cooperative CHS announced the appointment of Megan Rock as vice president, sustainability and innovation and chief sustainability officer.