All United States articles – Page 129
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Blog
Kohler promotes SVP of HR to chief sustainability, DEI officer
Manufacturing company Kohler Co. announced the promotion of Laura Kohler to be its first chief sustainability and diversity, equity, and inclusion officer.
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Blog
Alpine Investors appoints general counsel, CCO
Alpine Investors announced the appointment of Alexandria Stuart as general counsel and chief compliance officer.
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News BriefBloomberg to pay $5M for misleading disclosures about rate calculations
Bloomberg Finance agreed to pay $5 million to settle Securities and Exchange Commission charges alleging misleading disclosures it made about how it calculated the valuations it provided on fixed-income securities to the financial services industry.
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News BriefBanks fooled in DOJ Russian yacht sanctions evasion case
The Department of Justice’s charges against a U.K. businessman and his Russian partner for evading U.S. sanctions against a Russian oligarch provide insight into how the use of shell companies, third parties, and other methods can thwart the compliance efforts of financial institutions.
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PremiumGood faith not good enough in navigating global supply chain laws
Differences in the level of duty of vigilance among supply chain legislation in countries including the United States, United Kingdom, and Germany mean best efforts to root out and stop slave labor and other worker exploitation are not enough, according to experts.
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News Brief
Moors & Cabot to pay $1.9M for conflict of interest disclosure lapses
Investment adviser Moors & Cabot reached a $1.9 million settlement with the Securities and Exchange Commission over allegations the firm didn’t fairly disclose conflicts of interest associated with incentive payments it received from two unaffiliated clearing brokers.
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News BriefCFTC commissioner urges crypto gatekeepers ‘step up and call for compliance’
Christy Goldsmith Romero of the Commodity Futures Trading Commission called out gatekeepers—lawyers, accountants, auditors, compliance professionals, and others—for failing customers in the unregulated cryptocurrency market.
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News BriefNexo Capital to pay $45M for selling unregistered crypto lending product
Nexo Capital agreed to pay a total of $45 million in penalties to settle state and federal charges it failed to register its crypto asset lending product as a security.
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News BriefFCC probing T-Mobile after latest cyber incident affects 37M
The Federal Communications Commission launched an investigation into T-Mobile after the telecommunications giant disclosed it suffered yet another significant cybersecurity lapse exposing customer information.
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Blog
Fitch Ratings CCO promoted to general counsel
Fitch Group, a provider of financial information services, announced the appointment of Bruce Legorburu as general counsel. Heather Merrigan replaces Legorburu as chief compliance officer for Fitch Ratings.
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Blog
First Financial Bank appoints chief compliance officer
The board of directors at First Financial Bank, a wholly owned subsidiary of First Financial Bankshares, elected Mike Parker as executive vice president and chief compliance officer.
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Blog
Cantaloupe adds chief legal and compliance officer
Cantaloupe, a digital payments and software services company, announced Anna Novoseletsky was appointed chief legal and compliance officer and general counsel, corporate secretary.
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PremiumClimate and sustainability reporting challenges: Auditors’ perspectives
Partners from several of the top global accounting firms shared perspectives about the state of sustainability reporting and the impact on auditors and their clients at a recent industry event.
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News BriefCovington to contest SEC court request for breached client data
The Securities and Exchange Commission asked a federal court to force Covington & Burling to comply with a subpoena seeking the law firm turn over names of about 300 clients impacted by a 2020 cyberattack.
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News BriefCrypto exchange Bitzlato shut down, labeled ‘money laundering concern’
The Financial Crimes Enforcement Network designated Bitzlato, a Hong Kong-registered cryptocurrency exchange, as a “primary money laundering concern” in the first use of a law that targets entities that facilitate illicit Russian financial transactions.
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News BriefDOJ urges voluntary self-disclosure in corporate enforcement policy updates
The Department of Justice unveiled new incentives to encourage companies to voluntarily report violations of the Foreign Corrupt Practices Act, including steep discounts in monetary fines against businesses that self-disclose misconduct.
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News BriefFinCEN projects $22.7B for beneficial ownership reporting Year 1 costs
The Financial Crimes Enforcement Network estimated it will cost reporting companies a total of $22.7 billion to comply with the requirements of the agency’s beneficial ownership registry in its first year.
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Blog
SEC names new Corporation Finance head
The Securities and Exchange Commission announced the promotion of Erik Gerding to lead its Division of Corporation Finance following the departure of Renee Jones.
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News BriefFormer GigaTrust CFO pleads guilty to impersonating auditors
The former chief financial officer of bankrupt email security business GigaTrust faces up to five years in prison after pleading guilty to defrauding investors and lenders of $50 million by impersonating auditors and fabricating reports.
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News BriefSEC charges Genesis, Gemini for failing to register crypto lending product
The Securities and Exchange Commission accused two cryptocurrency firms, Genesis Global Capital and Gemini Trust Company, with selling a crypto lending product to investors as an unregistered security.