All United States articles – Page 187
-
Article
Jefferies to pay $4M for improper handling of ADRs
Broker-dealer Jefferies will pay $4 million to settle charges for the improper handling of “pre-released” American Depositary Receipts (ADRs), the Securities and Exchange Commission announced.
-
Article
Former Fed Chair Paul Volcker passes away
Paul Volcker, former chairman of the Federal Reserve and eponym to the controversial Volcker rule of the Dodd–Frank Act, died Sunday. He was 92.
-
Article
Study: Spike in OFAC sanctions pose compliance challenges
Some companies might scramble to comply with more—and sometimes quickly shifting—sanctions requirements as the U.S. government chalks up record enforcement levels.
-
Article
Celadon execs charged with accounting fraud
Two former top executives of trucking company Celadon Group face civil and criminal charges for their participation in an accounting fraud scheme that inflated the company’s income and earnings per share.
-
Article
Iconix, three former execs charged with accounting fraud
Iconix Brand Group and three of its former top executives were charged by the SEC for engaging in accounting fraud. Iconix and two of the executives agreed to settle, with litigation still pending against the company’s former CEO.
-
Article
Federal banking regs ease hemp reporting requirements
New interagency guidance issued this week brings good news for compliance officers of banking institutions with hemp-related customers.
-
Article
FTC settles with four over alleged EU-U.S. Privacy Shield deception
Four companies have reached settlements with the Federal Trade Commission for allegedly misrepresenting their participation in the EU-U.S. Privacy Shield framework.
-
Article
Republicans, Democrats spar over federal privacy bill
Republicans and Democrats have differing opinions on the rights and role of a federal privacy law, but both sides agreed at a Senate Commerce Committee hearing Wednesday the time to act is now.
-
Article
Former Bumble Bee CEO convicted in price-fixing scheme
The former president and CEO of packaged seafood company Bumble Bee was convicted for his participation in an antitrust conspiracy to fix prices of canned tuna, the Justice Department announced.
-
Article
Technology at center of Clayton-moderated discussion at SEC
“Message received,” SEC Chairman Jay Clayton said as panelists at his discussion on global macroeconomic trends emphasized how technology is affecting markets and why regulators must lead rather than follow.
-
Article
Compliance called out in Liberty Tax DOJ settlement
The Department of Justice is requiring Liberty Tax Service to greatly enhance its internal compliance controls as part of a proposed settlement with the tax preparation service provider over allegations of fraud and misconduct.
-
Article
SEC adds two deputy chief accountants
The Securities and Exchange Commission announced the additions of John Vanosdall and Paul Munter as deputy chief accountants in the accounting group and international department, respectively.
-
Article
New auditor reporting standards: What has changed
A closer look at new standards issued in May by the Auditing Standards Board will aid auditors in conferring with clients before 2020 reports arrive.
-
Article
SEC names new cyber chief
The Securities and Exchange Commission announced the appointment of Kristina Littman as chief of the Division of Enforcement’s Cyber Unit.
-
Article
SEC bars former PCAOB leader for role in KPMG scandal
The Securities and Exchange Commission has barred Cynthia Holder from practicing as an accountant before the Commission for her role in the long-running KPMG inspections scandal.
-
Article
Senate Dems propose ‘clear as a bell’ U.S. privacy law
Senate Democrats have proposed a new federal data privacy bill that seeks to empower consumers and support their civil rights in the digital economy.
-
Article
SEC charges MiMedx Group with accounting fraud
Biotech company MiMedx Group and three of its former top executives have been charged with defrauding investors. In response, MiMedx reshuffled its management team, including the appointment of a new general counsel and secretary.
-
Article
OFAC: Apple shows ‘reckless disregard’ for sanctions in ‘non-egregious’ violation
The Treasury Department’s Office of Foreign Assets Control had harsh words for Apple’s sanctions compliance program in announcing a not-so-hefty $466,912 settlement with the technology giant.
-
Article
FASB finalizes tweaks to CECL standard
The Financial Accounting Standards Board has issued an update to the upcoming standard on credit losses that addresses negative allowances and expected recoveries.
-
Article
BGC Financial to pay $3M for supervisory failures
BGC Financial was accused of various supervision, reporting, and recordkeeping violations that went on for more than five years in a $3 million enforcement action from the CFTC.