All United States articles – Page 129
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ArticleFormer EY director to pay $24K for insider trading
Michael Weiss, a former Ernst & Young business development director, agreed to pay $23,900 to settle charges levied by the Securities and Exchange Commission he engaged in insider trading.
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PremiumESG experts see shades of conflict minerals for SEC climate disclosure rule
The climate-related disclosure rule proposed by the Securities and Exchange Commission will eventually pass but not before undergoing some changes, practitioners speaking at CW’s virtual ESG Summit predicted.
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Binance recruits head of compliance from Kraken
Cryptocurrency exchange Binance bolstered its compliance team by adding Kraken’s Steven Christie as senior vice president of compliance, a Binance spokeswoman confirmed.
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Snap recruits chief compliance officer from Peloton
Social media company Snap filled its vacant chief compliance officer post last month by hiring former Peloton Head of Compliance and Risk Lance Lanciault, a Snap spokesperson confirmed.
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ArticleSurvey: Performance incentives drive general counsel compensation rise
Compensation among general counsel at some of the nation’s top corporations increased about 8.1 percent in 2021, compared to 2020 levels, according to the latest annual benchmarking report from Equilar.
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ArticleBoeing fined $200M for material misstatements on fatal plane crashes
Boeing agreed to pay $200 million to settle charges laid by the Securities and Exchange Commission that it misled investors regarding what caused two crashes of 737 MAX airplanes in 2018 and 2019 that killed 346 people.
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ArticleRaymond James unit fined $500K for supervisory failures
A broker-dealer unit of Raymond James Financial agreed to pay $500,000 as part of a settlement with the Securities and Exchange Commission for alleged supervisory failures that included the input of a misinformed compliance officer.
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ArticleCollateral damage aplenty in NYAG lawsuit against Trump Organization
The New York Attorney General’s lawsuit against former President Donald Trump is solely focused on penalizing his business and cohorts, but firms like Mazars and Deutsche Bank don’t come off well from a due diligence perspective.
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ArticleFocus on professional enablers puts lawyers in spotlight
While the extent of lawyers’ and law firms’ involvement in money laundering remains difficult to quantify, their potential role as professional enablers has become increasingly salient.
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PremiumESG Summit: Holistic approach to supply chain risk an ‘investment differentiator’
Two experts explained how the C-suite as a whole—not just compliance officers—should be focused on the holistic approach to supply chain risk management during a session at CW’s virtual ESG Summit.
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ArticleArcadia fined $90K for custody rule violations; CCO to undergo training
New York-based investment adviser Arcadia Wealth Management will pay $90,000 for violating a Securities and Exchange Commission rule by failing to obtain “surprise” examinations of advisory client assets.
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ArticleToews fined $150K over proxy voting violations
Investment adviser Toews Corp. agreed to pay $150,000 as part of a settlement with the Securities and Exchange Commission over proxy voting rule violations that prompted two commissioners to issue a dissenting statement.
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PremiumExperts: Where to start on your ESG journey
ESG directors from Tenneco and Amneal Pharmaceuticals shared best practices for businesses broaching the initial phases of environmental, social, and governance reporting at CW’s virtual ESG Summit.
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Waddell & Reed to pay $775K over wrap fee compliance failures
Investment adviser Waddell & Reed will pay about $775,000 as part of a settlement with the Securities and Exchange Commission for compliance failures and breaching its fiduciary duty.
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Sparkster to pay $35M for selling unregistered crypto securities
Software development company Sparkster and its CEO Sajjad Daya agreed to collectively pay more than $35 million for the offer and sale of unregistered crypto securities.
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ArticleMorgan Stanley unit fined $35M for mishandling customer data
Morgan Stanley Smith Barney agreed to pay $35 million to settle Securities and Exchange Commission charges it repeatedly disregarded the safeguarding of clients’ personal data in decommissioning local storage devices.
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ArticleTreasury seeking comment on illicit finance risks posed by digital assets
The Treasury Department is seeking public input on how to address illicit finance and national security risks posed by digital assets, part of a multipronged push by the Biden administration to hold bad actors accountable and identify potential enforcement and regulatory gaps.
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ArticleCFTC commissioner calls for agency to require more admissions of guilt
Commissioner Christy Goldsmith Romero would like the Commodity Futures Trading Commission to stop offering no-fault settlements as a matter of routine but instead force more individuals and corporations to accept responsibility for their wrongdoing.
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PremiumESG Summit: How Rite Aid is preparing to comply with SEC’s climate disclosure rule
Amanda Patrick, Rite Aid’s director of ESG/corporate sustainability, shared the retail pharmacy chain’s sustainability journey so far and how it is readying to meet the SEC’s potential disclosure mandates during her keynote address at CW’s virtual ESG Summit.
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HP recruits general counsel from Yahoo
Tech giant HP recruited Julie Jacobs to join next month as its chief legal officer and general counsel. Jacobs serves as senior executive vice president, general counsel and corporate secretary at Yahoo.