All Compliance Week articles in Web Issue – Page 126
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Article
FINRA to sweep crypto-related communications by broker-dealers
The Financial Industry Regulatory Authority announced an examination sweep of retail communications by broker-dealers and their affiliates related to cryptocurrency asset products and services.
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Article
Discord fined $830K for GDPR lapses
Discord, a popular communication service primarily utilized by the video game community, was assessed a fine of €800,000 (U.S. $829,000) by the French data protection authority for multiple violations of the General Data Protection Regulation related to safeguarding user data.
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Article
PosiGen appoints chief compliance and policy officer
Renewable energy company PosiGen announced the appointment of Steven Burt as chief compliance and policy officer.
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Article
Cybersecurity staffing woes play part in FTC Safeguards Rule delays
The Federal Trade Commission extended the deadline for compliance with certain changes to its Safeguards Rule announced last year, in part because of labor shortages in the cybersecurity market.
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Article
Understanding ‘green hushing’ and its risks
“Green hushing” is when a company adopts a radio-silence approach to environmental goals. Many companies do it. Some don’t realize they’re doing it.
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Resource
e-Book: State of compliance in 2022: Emphasis on values, communication
Compliance is still about following the rules, but growing emphasis on values cannot be understated.
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Article
Treasury recommends more oversight for bank-fintech relationships
A new Treasury report found as the trend of nonbank fintech companies providing financial services in partnership with regulated entities continues to grow, regulators need to increase oversight of these relationships to curb the risks they pose.
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Article
Buzzfeed promotes CCO to chief legal officer
Media outlet Buzzfeed disclosed the promotion of Senior Vice President, Chief Compliance Officer and Head of Litigation David Arroyo to chief legal officer and corporate secretary.
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Article
Navigating using NFTs in business applications
Non-fungible tokens can take many forms. There are potential business applications already in use, and many more are being developed as technology evolves.
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Article
Google to pay record $391.5M in settlement with states over location tracking
Google agreed to pay $391.5 million to settle charges it misled millions of users regarding a setting that tracked location data without their knowledge, according to an agreement the company reached with a coalition of 40 state attorneys general.
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Article
FTX collapse should provide momentum to regulate crypto
The collapse and bankruptcy of digital asset exchange FTX offers stark lessons into why rules that apply to traditional investments—overseen by government regulation—ought to apply to digital investments as well.
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Article
S&P Global fined $2.5M over conflict of interest lapses
Credit rating agency S&P Global Ratings agreed to pay $2.5 million and improve its compliance practices to settle allegations by the SEC that its marketing team pressured the ratings team concerning the rating of a particular mortgage-backed security transaction.
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Article
Walmart to pay $3.1B in nationwide opioid settlement
Walmart announced it agreed to a $3.1 billion nationwide settlement designed to resolve all the potential state lawsuits it faces for its alleged role in fueling the opioid epidemic.
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Article
CHS names chief sustainability officer
Agriculture business cooperative CHS announced the appointment of Megan Rock as vice president, sustainability and innovation and chief sustainability officer.
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Article
Sun Life appoints chief risk officer
Financial services and insurance company Sun Life announced the appointment of Tom Murphy as vice president and chief risk officer.
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Article
Former investment adviser CCO pleads guilty to wire fraud
Jennifer Campbell, the former chief compliance officer of a New York-based investment adviser, faces up to 20 years in prison and a $250,000 fine after pleading guilty to wire fraud in federal court.
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Article
CFTC commissioner warns against being ‘too cute’ when self-reporting
Businesses take varying approaches when self-reporting to regulatory agencies, which can lead to differing results. Caroline Pham, a commissioner at the Commodity Futures Trading Commission, suggests using common sense.
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Article
UBS names global chief risk officer
Multinational investment bank UBS announced the promotion of Global Wealth Management Chief Risk Officer Damian Vogel to group chief risk officer.
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Article
American Financial Group promotes CCO to general counsel
American Financial Group announced the promotion of Chief Compliance Officer Mark Weiss to senior vice president and general counsel.
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Article
Societe Generale appoints group chief risk officer
Société Générale announced the promotion of Stéphane Landon to group chief risk officer.