All United States articles – Page 55
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News BriefDOJ appoints first chief AI officer
On the heels of a warning by the deputy attorney general that the agency will seek stiffer penalties in cases involving the misuse of artificial intelligence, the Department of Justice announced Jonathan Mayer as its first chief AI officer.
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OpinionTen things I’m excited for at CW National 2024
A new month and a new venue but a lot of the same you love about Compliance Week’s National Conference. CW Editor in Chief Kyle Brasseur shares what he’s looking forward to most at the 2024 edition of the annual event.
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News BriefDoorDash fined $375K in second public CCPA enforcement
Food delivery company DoorDash agreed to pay a $375,000 fine as part of a settlement announced by California Attorney General Rob Bonta addressing alleged violations of the California Consumer Privacy Act.
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Blog
Chemours recruits ex-Delta sustainability chief to board
The Chemours Company, a global chemistry company, announced Pamela Fletcher, former senior vice president and chief sustainability officer of Delta Airlines, will join its board as a director.
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Blog
YS Biopharma adds Juventas general counsel to board
YS Biopharma announced the appointment of Yuntao Cui, senior vice president and general counsel at Juventas Cell Therapy, to its board of directors.
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News BriefWells Fargo says DOJ, SEC diversity hiring probes closed
Wells Fargo disclosed investigations by the Department of Justice and Securities and Exchange Commission into the bank’s diversity hiring practices concluded without enforcement action.
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Blog
Viridian Therapeutics appoints legal chief
Biopharmaceutical company Viridian Therapeutics announced the appointment of Jennifer Tousignant as chief legal officer.
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PremiumFed upping supervisory pressure as SVB collapse nears 1-year mark
Since the failure of Silicon Valley Bank nearly one year ago, the Federal Reserve Board has revamped its supervisory procedures to respond more quickly and forcefully once it identifies emerging risks at mid-sized and large banks, according to the agency’s vice chair for supervision.
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News BriefJPMorgan bracing for $350M in penalties over trade surveillance
JPMorgan Chase disclosed in a regulatory filing it expects to be penalized approximately $350 million by two unnamed U.S. regulators over lapses in its trading surveillance activities.
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PremiumThe path to DOJ cooperation credit: Analyzing recent FCPA cases
Recent enforcement actions offer guidance on what the Department of Justice considers to be an “imminent threat” of disclosure or government action, what it means by “prompt” disclosure, and how a company can earn credit for revealing all relevant facts.
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News Brief
TIAA unit to pay $2.2M for Reg BI lapses
A subsidiary of the Teachers Insurance and Annuity Association of America agreed to pay more than $2.2 million as part of a settlement with the Securities and Exchange Commission for not acting in the best interest of its retail customers regarding their retirement accounts.
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News BriefVanEck fined $1.8M over influencer promo nondisclosure
Van Eck Associates agreed to pay $1.75 million as part of a settlement with the Securities and Exchange Commission regarding its alleged failure to properly disclose the planned involvement of a social media influencer in the launch of an exchange-traded fund.
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Blog
Deepwatch names first general counsel
Managed security platform Deepwatch announced Shane McGee joined its executive team as general counsel and chief privacy officer.
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Blog
Revlon announces general counsel
Cosmetics and hair care company Revlon Group Holdings announced David Schwartz was appointed general counsel.
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Blog
Hispanic National Bar Foundation appoints Velocity legal chief as president
The Hispanic National Bar Foundation appointed Justin Carlson, Velocity Solutions’ chief legal officer and general counsel, as its president.
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News BriefLincare to pay $26M over Medicare billing violations
Lincare, a supplier of durable medical equipment, agreed to pay $25.5 million to settle allegations it billed federal health programs for the rental of ventilator machines after patients no longer needed to use them.
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News BriefMorgan Stanley fined $1.6M by FINRA over municipal securities closeouts
Morgan Stanley will pay a $1.6 million fine levied by the Financial Industry Regulatory Authority for failing to close out certain municipal securities transactions over a five-year period.
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News BriefCFTC appoints new head of whistleblower office
The Commodity Futures Trading Commission appointed Brian Young as director of its whistleblower office.
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PremiumFinCEN head: Agency seeking to educate, not punish, BOI reporters
The Financial Crimes Enforcement Network will focus its attention regarding compliance with its new beneficial ownership reporting requirements on education and outreach during the first year of implementation, although “willful violations” will still merit punishment.
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News BriefEx-Sterling Bank GC cited by OCC over BSA-related failures
The Office of the Comptroller of the Currency issued a cease-and-desist order against the former general counsel at Sterling Bank and Trust for not ensuring the institution’s Bank Secrecy Act compliance and failing to timely file suspicious activity reports.