All Compliance Week articles in Web Issue – Page 138
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Article
VMware to pay $8M to settle SEC charges over misleading financials
Cloud services provider VMware will pay $8 million to settle allegations from the Securities and Exchange Commission it misled investors by hiding its lagging financial performance.
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Article
NAVEX survey: Remote work, whistleblower trends to test speak-up cultures
Maintaining a speak-up culture requires increased attention from businesses with many employees still working remote, putting more of an onus on the reporting function, according to the latest NAVEX study.
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Article
OCC names chief climate risk officer to lead new office
The Office of the Comptroller of the Currency has reinforced its commitment to confronting risks posed by climate change with the appointment of Yue (Nina) Chen as chief climate risk officer.
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Resource
White paper: Future-proofing your investment compliance
Seismic change is afoot for asset managers’ investment compliance programs given the significant uplift in SEC proposed rules for investor protection combined with demands for greater transparency.
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Article
Court orders $2M from Ambassador Advisors and execs, including CCO
Ambassador Advisors and three of its executives, including its chief compliance officer, must pay a total of more than $2 million for failing to disclose conflicts of interest related to fees received from mutual fund share classes selected for clients.
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Article
PwC lawsuit prompts reconsideration of after-hour work events
Big Four audit firm PwC is being sued by one of its employees for more than £200,000 (U.S. $234,000) after he injured himself at a post-work drink event in 2019. The incident is not the first where “team-bonding” efforts have proven problematic.
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Article
UPS DEI chief to retire; HR head to take on added role
With longtime Executive Vice President and Chief DEI Officer Charlene Thomas set to retire, UPS announced EVP and Chief Human Resources Officer Darrell Ford will take on the added role.
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Article
Pioneer’s chief administration officer to head compliance
Community banking and financial services company Pioneer will have recently appointed Executive Vice President and Chief Administration Officer Thomas Signor head its compliance and risk functions.
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Article
Trading 212 appoints chief compliance officer
Trading 212, a U.K.-based fintech company, appointed Darren Dale as group chief compliance officer.
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Article
Former Contech exec imprisoned 18 months for bid-rigging scheme
Brent Brewbaker, a former executive for civil engineering firm Contech Engineered Solutions, was sentenced to 18 months in federal prison for his role in a long-running bid-rigging scheme in North Carolina.
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Article
Opioid cases against retail pharmacy chains yield compliance lessons
Two cases involving five retail pharmacy chains winding their way through court foretell a long and costly road ahead for all companies across the pharmaceutical supply chain battling litigation for their alleged roles in fueling the opioid epidemic.
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Article
U.S. sanctions Iran intelligence ministry over Albania cyberattack
Iran’s minister of intelligence, together with its Ministry of Intelligence and Security, were sanctioned by the Treasury Department’s Office of Foreign Assets Control for malicious cyber activities that threaten the national security of the United States and its allies.
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Article
Reports: Ex-AB InBev compliance exec to join DOJ’s Fraud Section
Matt Galvin, the former head of compliance at macro brewer Anheuser-Busch InBev, has been tapped by the Department of Justice to join its Fraud Section as a compliance and data analytics counsel, according to multiple reports.
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Article
Nine fined in SEC crackdown on custody rule, Form ADV
Nine investment advisers failed to follow Securities and Exchange Commission rules designed to keep clients’ assets safe and/or timely disclose financial updates following audits, the agency announced.
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Article
Crowe promotes Texas market leader to chief DEI officer
Crowe, a public accounting, consulting, and technology firm, announced the promotion of Texas market leader Sheila Enriquez to chief diversity, equity, and inclusion officer.
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Article
FRC: 12 best practices for better ESG data collection
The U.K. Financial Reporting Council released guidance on how companies can collect and use environmental, social, and governance data to inform better decision-making.
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Article
Paxos recruits chief compliance officer from Meta
Blockchain fintech Paxos announced the appointment of Carolina Ceballos as chief compliance officer.
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Article
Timely reminder: Take care of yourself over your work
The death by suicide of Bed Bath & Beyond CFO Gustavo Arnal hits home for those that understand the pressure that comes with working in the C-suite. Advice from a leadership expert says stress must be balanced with recovery.
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Article
OCC studying risks posed by bank-fintech partnerships
Bank-fintech partnerships have grown “at exponential rates” and become so complicated it is often difficult to distinguish “where the bank stops and where the tech firm starts,” Acting Comptroller of the Currency Michael Hsu said.
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Article
BBC appoints director of diversity, inclusion
British Broadcasting Corp. announced the appointment of Chinny Okolidoh as director of diversity and inclusion.