All United States articles – Page 69
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PremiumFinCEN to propose applying BSA requirements to investment advisers
The Financial Crimes Enforcement Network will propose categorizing investment advisers as financial institutions that must comply with the Bank Secrecy Act, including having an anti-money laundering program.
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PremiumExperts: SCOTUS ruling shifts onus to employers in whistleblower cases
The Supreme Court’s unanimous decision to reaffirm whistleblower protections under the Sarbanes-Oxley Act in a case involving UBS has wide ramifications in many other industries beyond financial services, according to legal experts.
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News BriefInsurance broker Gallagher off hook in DOJ FCPA probe
Arthur J. Gallagher disclosed the Department of Justice ended an investigation into the insurance broker’s business in Ecuador for potential violations of the Foreign Corrupt Practices Act.
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State Department Federal Credit Union welcomes risk chief
State Department Federal Credit Union announced the appointment of Nicole Bowen as its new chief risk officer.
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COSO chair named first executive director
The Committee of Sponsoring Organizations of the Treadway Commission announced its chair, Lucia Wind, will also serve as the organization’s first executive director.
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News BriefSCOTUS reaffirms whistleblower protections in ruling against UBS
The Supreme Court reaffirmed whistleblower protections guaranteed under the Sarbanes-Oxley Act in a unanimous decision expected to set a precedent that impacts all corporate internal reporting cases.
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Advarra names general counsel
Clinical research review services firm Advarra announced the hiring of Marco Capasso as general counsel and secretary of the board.
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Altria Group announces new general counsel
Tobacco products company Altria Group announced the appointment of Robert McCarter as executive vice president and general counsel.
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Covenant Clearinghouse hires general counsel
Covenant Clearinghouse, a servicer of real estate assessments, welcomed Jeff Johnson as in-house general counsel.
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Kimberly-Clark appoints general counsel
Kimberly-Clark Corp., manufacturer and marketer of personal care and household products, announced the appointment of Grant McGee as senior vice president and general counsel.
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News BriefLatest SEC off-channel comms sweep nets $81M in fines against 16 firms
The ongoing off-channel communications sweep by the Securities and Exchange Commission netted 16 more broker-dealers and investment advisers, with the latest wave of fines totaling more than $81 million.
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PremiumTable: SEC, CFTC off-channel communications penalties
The Securities and Exchange Commission and Commodity Futures Trading Commission have combined to levy nearly $3.5 billion in penalties (so far) against firms and their affiliates in response to recordkeeping failures regarding employee use of off-channel communications for business purposes.
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News BriefSEC, CFTC adopt rule for enhanced large hedge fund disclosures
Large hedge fund advisers will be required to disclose more information on their investment strategies, investment exposure, operations, and more as part of a rule change jointly adopted by the Securities and Exchange Commission and Commodity Futures Trading Commission.
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PremiumAnti-fraud groups praise FinCEN AML proposal for real estate transactions
The Financial Crimes Enforcement Network issued a notice of proposed rulemaking that would require the handlers of all-cash residential real estate transactions in all U.S. cities and counties to disclose the beneficial owners.
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News BriefRaytheon parent discloses indications of improper payments in Middle East
RTX Corp., parent company of aerospace and defense giant Raytheon, disclosed an internal investigation launched into potential improper payments in connection with contracts in the Middle East found indications of misconduct.
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News BriefPenn State Health to pay $11.7M over self-disclosed Medicare violations
Multihospital healthcare system Penn State Health agreed to pay more than $11.7 million to resolve self-disclosed violations of Medicare rules related to improper billing.
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Lucid announces new general counsel
Electric vehicle company Lucid Group announced the appointment of Matt Everitt as general counsel.
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PCF Insurance Services hires general counsel
PCF Insurance Services appointed Adam Reed as general counsel.
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EnCore Energy adds ProFrac CCO as chief legal officer
EnCore Energy announced the appointment of Robert Willette as chief legal officer.
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UniBank promotes risk chief to interim CEO
U & I Financial Corp., the holding company of UniBank, announced the board of directors appointed Stephanie Yoon, executive vice president and chief risk officer, to interim chief executive officer.