All United States articles – Page 88
-
News Brief
Covington to contest SEC court request for breached client data
The Securities and Exchange Commission asked a federal court to force Covington & Burling to comply with a subpoena seeking the law firm turn over names of about 300 clients impacted by a 2020 cyberattack.
-
News Brief
Crypto exchange Bitzlato shut down, labeled ‘money laundering concern’
The Financial Crimes Enforcement Network designated Bitzlato, a Hong Kong-registered cryptocurrency exchange, as a “primary money laundering concern” in the first use of a law that targets entities that facilitate illicit Russian financial transactions.
-
News Brief
DOJ urges voluntary self-disclosure in corporate enforcement policy updates
The Department of Justice unveiled new incentives to encourage companies to voluntarily report violations of the Foreign Corrupt Practices Act, including steep discounts in monetary fines against businesses that self-disclose misconduct.
-
News Brief
FinCEN projects $22.7B for beneficial ownership reporting Year 1 costs
The Financial Crimes Enforcement Network estimated it will cost reporting companies a total of $22.7 billion to comply with the requirements of the agency’s beneficial ownership registry in its first year.
-
Blog
SEC names new Corporation Finance head
The Securities and Exchange Commission announced the promotion of Erik Gerding to lead its Division of Corporation Finance following the departure of Renee Jones.
-
News Brief
Former GigaTrust CFO pleads guilty to impersonating auditors
The former chief financial officer of bankrupt email security business GigaTrust faces up to five years in prison after pleading guilty to defrauding investors and lenders of $50 million by impersonating auditors and fabricating reports.
-
News Brief
SEC charges Genesis, Gemini for failing to register crypto lending product
The Securities and Exchange Commission accused two cryptocurrency firms, Genesis Global Capital and Gemini Trust Company, with selling a crypto lending product to investors as an unregistered security.
-
News Brief
Drizly data security to be monitored for 20 years under FTC order
Online alcohol retailer Drizly and its chief executive officer agreed to data security requirements and to be assessed by an independent monitor for up to 20 years as part of a final settlement with the Federal Trade Commission over a data breach that impacted 2.5 million consumers.
-
News Brief
FINRA focuses on financial crime in annual exam report
The Financial Industry Regulatory Authority’s annual report on examinations and risk monitoring indicated a new emphasis for the regulator on combating financial crime, particularly cybercrime.
-
News Brief
Coinbase-linked defendant sentenced to prison in first crypto insider trading case
The brother of a former Coinbase employee has been sentenced to 10 months in prison for his role in a groundbreaking insider trading scheme involving cryptocurrency.
-
Blog
Moody’s promotes global talent partner to chief DEI officer
Analytics provider Moody’s Corp. announced the promotion of Francisco Martinez-Garcia to chief diversity, equity, and inclusion officer.
-
Blog
Unum appoints chief global inclusion and diversity officer
Unum, a workplace insurance provider, announced the appointment of Valoria Armstrong as chief global inclusion and diversity officer.
-
News Brief
Meta, DOJ agree on compliance targets related to fairness in housing ads
Meta and the Department of Justice agreed on the targets the technology giant must reach when delivering housing ads to customers in order to comply with federal housing antidiscrimination rules.
-
Blog
NBA recruits new chief DEI officer from HP
The National Basketball Association announced the appointment of Lesley Slaton Brown as chief diversity, equity, and inclusion officer.
-
Blog
Grainger appoints chief legal officer
Grainger, a distributor of maintenance, repair, and operating products, announced the appointment of Nancy Berardinelli-Krantz as senior vice president and chiel legal officer.
-
News Brief
McDonald’s avoids SEC fine for misleading statements related to fired CEO
The Securities and Exchange Commission found McDonald’s violated federal securities law when it failed to fully disclose material factors regarding the firing of former Chief Executive Stephen Easterbrook in 2019.
-
Blog
EagleBank names chief risk officer
EagleBank announced the appointment of Jay Namputhiripad as chief risk officer, succeeding the retiring Jeff Curry in the role.
-
News Brief
UBS unit fined $3.75M for options trading reporting violations
UBS Securities agreed to pay $3.75 million to settle allegations brought by the Financial Industry Regulatory Authority that its failure to adequately supervise compliance staff led to millions of violations of options trading reporting requirements.
-
News Brief
FTC proposes full-scale ban on noncompete clauses
The Federal Trade Commission proposed a rule that would ban new and existing noncompete clauses by employers, claiming they stifle healthy competition, dampen wages, and raise the price of goods.
-
Premium
U.S. bribery risk landscape in 2023: TRACE Matrix, Corruption Risk Forecast
Analyzing the results of two recent reports offers an understanding of the U.S. landscape around anti-bribery efforts entering 2023 and where elevated risks might lie.