All United States articles – Page 2
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Blog
Option3 names ex-Bloomberg GC as operating partner
Cybersecurity private equity specialist Option3 appointed Karl Kilb III, former general counsel of Bloomberg, as operating partner, also naming him chief strategy officer for its new ENIGMA Zero Trust platform.
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PremiumSurvey: Organizations broadly adopting AI, with varied governance
The majority of businesses are using AI and doing so without governance–a compliance gap that poses extreme risks, a new survey by Compliance Week and GAN Integrity found. A webinar will discuss why it is crucial to have AI governance, how to implement it, and what strategies to strengthen programs. ...
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Basic PageMinnesota transport company hit with sanctions violations for Cuba, Iran trade
A Minnesota transportation company agreed to pay nearly $258,000 to settle allegations that a subsidiaries violated sanctions against Cuba and Iran more than 80 times, the U.S. Treasury Department’s Office of Foreign Assets Control said.
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News BriefMcKinsey & Co. to pay $650M, improve compliance over opioid advice to Purdue Pharma
McKinsey & Co. will pay $650 million in penalties to the U.S. Department of Justice (DOJ) to settle charges that it advised Purdue Pharma on how to “turbocharge” the sale of Oxycontin in the middle of the U.S. opioid crisis.
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News BriefSeaCrest to pay $375K to settle charges that it failed to supervise rogue adviser
New York-based SeaCrest Wealth Management will pay a $375,000 fine for failing to properly prevent a cherry-picking scheme perpetrated by one of its investment advisers.
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News BriefSEC fines Cantor Fitzgerald $6.75M for failing to disclose pre-IPO talks
Financial services firm Cantor Fitzgerald will pay a $6.75 million fine to the Securities and Exchange Commission for making misleading statements regarding two special purpose acquisition companies that it controlled.
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News BriefU.S. Appeals Court overturns Nasdaq board diversity rule
A U.S. Appeals Court overturned a Securities and Exchange Commission rule that had required companies listed on the Nasdaq stock exchange to disclose whether their boards had women or minority members–and if not, why not.
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Habitat for Humanity International announces CLO
Housing organisation Habitat for Humanity International welcomed Tim Phillips as the organization’s new chief legal officer.
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Atmos Energy announces GC
Atmos Energy Corporation announced that Jessica Bateman Pulliam has been appointed to the position of senior vice president, general counsel and corporate secretary, effective Jan. 1.
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Healthcare Realty Trust announces GC
Healthcare Realty Trust Incorporated announced that Andrew Loope, senior vice president, corporate counsel and secretary, will be promoted to executive vice president, general counsel, and secretary.
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R.J. O’Brien names global CCO
R.J. O’Brien & Associates, an independent futures brokerage and clearing firm, announced the appointment of John Robbins to the new role of global chief compliance officer.
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Liberty Mutual Insurance names CCO
Liberty Mutual Insurance announced that Nicole Arangio has been named executive vice president and chief compliance officer, effective Apr 1.
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News BriefSEC fines Morgan Stanley $15M to settle allegations of theft of client funds
A lack of supervision and internal controls at Morgan Stanley Smith Barney allowed four of its investment advisers to steal millions from customers before the behavior was detected, the SEC said in charging the firm.
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PremiumCheck, please! Tipped employee compensation in spotlight amid U.K., U.S. ‘fair’ pay debate
Earlier this year, amid then-Republican presidential candidate Donald Trump’s campaign promise to end taxes on tips in the U.S., the U.K. government introduced a new law to ensure that all tips are paid in full to staff, regardless of whether they were given in cash or by credit card. ...
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PremiumTexas court halts FinCEN beneficial ownership reporting requirements
Business owners can stop preparing their 2025 anti-money laundering reports for the Treasury Department’s Financial Crimes Enforcement Network, according to a Texas court, which ruled the Corporate Transparency Act requirement unconstitutional.
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News BriefDOJ hits McKinsey & Co. subsidiary with $123M criminal penalty over bribes in South Africa
A subsidiary of McKinsey & Co. will pay nearly $123 million to the Department of Justice to settle allegations that it bribed officials in South Africa to win consulting contracts.
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PremiumWhistleblower’s defamation case reveals scope of USAA ‘coverup’
A defamation lawsuit filed by a whistleblower against USAA, which a Florida judge recently dismissed on a technicality, revealed in public court records an estimated 400,000 violations of the Military Lending Act by USAA Federal Savings Bank (USAA Bank), an indirect wholly owned subsidiary of USAA.
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Alerus Financial Corporation names risk chief
Alerus Financial Corporation announced that Joe Birkholz has joined the company as chief risk officer.
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Boston Mutual Life Insurance promotes legal chief to president, COO
Boston Mutual Life Insurance Company announced that General Counsel & Secretary Grant Ward, Sr., JD, has been named president and chief operating officer, effective Jan. 1.
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Norm Ai names New York Life Insurance CCO to Regulatory Advisory Board
Norm Ai, which provides an AI-powered regulatory compliance platform for the legal and compliance industries, announced that New York Life Insurance’s Chief Compliance Officer Sandi Tillotson has joined its Regulatory Advisory Board.