All Compliance Week articles in Web Issue – Page 1123
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ArticleFCA fines Goldman Sachs £34.3M for transaction reporting failures
Compliance officers in the financial services industry can learn a lot from the failings of Goldman Sachs, which was fined £34.3 million (U.S. $45 million) by the U.K. Financial Conduct Authority for failing to provide accurate and timely reporting relating to 220 million transaction reports over a period of a ...
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ArticleSEC: Amazon can’t exclude biometrics shareholder resolutions
The SEC has decided to allow a shareholder proposal demanding more information on Amazon’s use and sale of facial-recognition technology to proceed to the annual meeting’s proxy materials.
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Article
Facebook’s Zuckerberg supports U.S. version of GDPR
On his own company blog, Facebook CEO Mark Zuckerberg voiced his support for implementing a U.S. version of the European Union’s General Data Protection Regulation.
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PodcastKathy Self on achieving global compliance
Kathy Self, chief compliance officer and data protection officer at Universal Weather and Aviation, explains to columnist Tom Fox the hurdles a small, global company must overcome when approaching compliance.
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ArticleHalf of companies plan post-adoption work on leases: poll
About half of public companies expect to spend as much time—or even more—on lease accounting adoption after the first quarter reporting under the new rules.
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ArticleMP’s Brexit motions defeated for 2nd time
After another failed attempt at Brexit consensus, the United Kingdom remains in turmoil. Prime Minister Theresa May will meet with her cabinet Tuesday to decide next steps.
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Article
CorpFin addresses filings with 'competitively harmful' information
The Securities and Exchange Commission recently adopted new rules that permit registrants to file redacted material contracts without applying for confidential treatment, provided the redacted information is not material and would be competitively harmful if publicly disclosed.
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Article
CenterPoint Energy names general counsel
CenterPoint Energy named Jason Ryan senior vice president and general counsel, effective April 2.
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Article
Beacon Roofing Supply names chief accounting officer
Beacon Roofing Supply appointed Thomas Schmitz as chief accounting officer, effective April 15.
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Article
Reliant Bancorp names chief accounting officer, controller
Reliant Bancorp named David Kowalski as chief accounting officer and controller.
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Article
Lexington Realty Trust appoints chief risk officer
Lexington Realty Trust announced key changes to its leadership team, including the appointment of a new chief risk officer and a new chief accounting officer.
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Article
TigerWit appoints new chief compliance officer
TigerWit Limited, a U.K.-headquartered global financial technology company, appointed Gareth Derbyshire as chief compliance officer.
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Article
Former U.S. Steel compliance officer joins Manatt
Suzanne Rich Folsom, formerly chief compliance officer at U.S. Steel, has joined the multi-disciplinary, integrated national professional services firm of Manatt, Phelps & Phillips as a partner in its government and regulatory group.
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Article
Hertz sues former executives to recoup compensation
Car rental company Hertz is suing former executives to recoup losses related to its 2015 restatement to correct aggressive accounting.
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Article
Diamonds not always the FTC’s best friend
The Federal Trade Commission has sent letters to jewelry marketers warning them that some of their advertisements for jewelry made with simulated or laboratory-created diamonds may be in violation of the FTC Act.
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Article
Lockpath updates Keylight Platform
Integrated risk management solutions provider Lockpath announced the newest update to the Keylight Platform, designed to increase the efficiency and usability of the solution.
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ArticleFCA regulation now in effect for claims management companies
The U.K. Financial Conduct Authority has issued a reminder for the claims management industry: As of 1 April, all claims management companies in England, Scotland, and Wales will have to demonstrate that they meet and maintain minimum standards set by the FCA.
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Article
Special committee report details governance reforms needed at Nissan
Last year, Japanese automaker Nissan formed a “Special Committee for Improving Governance” after its chairman Carlos Ghosn was arrested for engaging in financial misconduct. On March 27, the special committee published its findings, holding nothing back.
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Article
Allison H. Lee, former counsel to Kara Stein, nominated to SEC
President Trump will nominate Allison Herren Lee, of Colorado, to serve at the SEC. Lee, a Democrat, would fill the seat vacated by Kara Stein, restoring the five-member Commission to full strength.
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Article
Warren bills seek expanded criminal liability for executives
Sen. Elizabeth Warren (D-Mass.) has introduced one bill and reintroduced another seeking to hold executives of large corporations criminally responsible when their companies repeatedly violate federal law.