All United States articles – Page 193
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Fiat Chrysler to pay $40M for misleading investors
Automaker FCA U.S. and its parent company, Fiat Chrysler Automobiles, have reached a $40 million settlement with the SEC for misleading investors about the number of new vehicles sold each month to customers in the United States.
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SEC ends accounting probe into PPG
PPG announced the SEC and Department of Justice have ended their investigation into alleged accounting irregularities by the company and will not be issuing a financial or any other penalty.
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Proposed bill targets FASB rulemaking procedures
Rep. Blaine Luetkemeyer (R-Mo.) on Friday introduced a bill that would subject the Financial Accounting Standards Board to the rulemaking guidelines of federal financial regulators.
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Herbalife fined $20M for misleading investors
Herbalife will pay $20 million to settle charges with the SEC that it made false and misleading statements about its China compensation model.
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Mylan finalizes $30M EpiPen settlement with SEC
Mylan has finalized a previously disclosed $30 million settlement with the SEC for alleged accounting and disclosure failures surrounding its popular EpiPen.
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DoorDash data mishap showcases hazards of third-party vendors
DoorDash announced an incident of unauthorized third-party access to user data—a reminder companies need to mind the cyber-security of vendors in addition to their own.
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Shareholder lawsuit alleges massive fraud at AT&T
A lawsuit filed on behalf of shareholders against AT&T and its executives and directors alleges widespread fraudulent sales and customer-manipulation tactics regarding the company’s DirecTV Now offering.
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DOJ launches new process for filing documents under FARA
The Department of Justice recently announced a new online system for filing, storing, and searching registrations under the Foreign Agents Registration Act.
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Counterpoint: CCO, GC independence is critical
Matt Stankiewicz of The Volkov Law Group discusses the importance of having compliance and legal remain separate functions.
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Point: Why CCOs should report to GC
Attorney Jeff Kaplan offers five cons to keeping the chief ethics and compliance officer role separate from general counsel.
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SEC, Libra called out at House Financial Services hearing
At the first get-together of all five SEC commissioners at a Congressional hearing since 2007, House Financial Services Committee Chair Maxine Waters said the regulator “is not fulfilling its mission as Wall Street’s cop.”
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‘Inside the Mind’ is our data-driven ode to CCOs
We’re celebrating “Compliance Officer Day” by releasing our first annual “Inside the Mind of the CCO” special report, which is aimed at, among other things, figuring out what motivates and challenges today’s chief compliance officers.
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CCO compensation data reveals big strides for women
Bucking the trend: Survey shows women more likely to hold top compliance roles, have a law degree, and make a bit more money than men.
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Healthcare: Data backs theory women have clearer path to CCO role
The trend of few female leaders within the sector seems to be shifting, at least when it comes to the chief compliance officer position.
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How Microsoft turned one practitioner into a versatile analytics guru
Guest columnist Alan Gibson explains how his role as assistant general counsel in Microsoft’s Office of Legal Compliance helped his transition into a world of managing risks through algorithms, machine learning, and digital solutions.
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Nissan pays $15M for financial misconduct; CEO and CCO resign
Nissan will pay a $15 million civil penalty over false financial disclosures, the SEC announced. The charges come the same month the carmaker’s latest CEO resigned, along with its vice president of internal audit and chief compliance officer.
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SEC: PwC to pay $8M for auditor independence violations
PwC will pay approximately $8 million in monetary relief to settle charges with the SEC for allegedly violating auditor independence rules and engaging in improper professional conduct.
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TechnipFMC to pay $5M in FCPA case
TechnipFMC, a global oil and gas services provider, has reached a $5 million settlement with the SEC for violations of the books-and-records and internal accounting controls provisions of the FCPA.
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Facebook suspends apps over privacy concerns
Facebook announced it has suspended “tens of thousands” of apps as part of an investigation launched in the aftermath of last year’s Cambridge Analytica scandal.
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House approves PCAOB whistleblower program
The U.S. House of Representatives has passed a bill to move the creation of a whistleblower program at the PCAOB forward. While some praised the development, others cautioned it’s a redundant and flawed measure.