All Compliance Week articles in Web Issue – Page 551
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Blog
SEC: Key Energy to pay $5 million in FCPA case
Key Energy Services will pay $5 million to the SEC in connection with a previously disclosed investigation into potential violations of the Foreign Corrupt Practices Act. Jaclyn Jaeger has more.
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Article
Building the relationship between compliance and general counsel
As the roles and responsibilities of compliance and legal overlap, and as the role of the chief compliance officer continues to gain profile, how the CCO and general counsel work together is more important than ever, writes Karen Kroll.
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Blog
The SEC’s summer reading list is not for the faint of heart
Robert Herz reviews the SEC’s recent accounting and enforcement releases, which reveal familiar patterns in corruption, as well as a commitment by the SEC to commence enforcement actions on any accounting and reporting violations it finds.
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ArticleJoel Katz: Walking the talk
Joel Katz’s legal acumen and communication skills have enabled him to build a robust compliance program that blends the hard facts of the law with the soft science of human nature.
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Article
CFPB winds down summer with flurry of rulemaking
Perhaps clearing its plate before November’s elections, the Consumer Financial Protection Bureau has cranked out a variety of rules, proposed rules, and amendments to rules in recent days. Joe Mont looks at what’s next on the agenda.
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Article
SEC crackdown on whistleblower ‘pretaliation’ adds a new twist
A recent enforcement action and settlement by the Securities and Exchange Commission makes it clear that companies shouldn’t try to subvert their successful bounty programs for whistleblowers. Joe Mont reports.
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Blog
Grapevine: Who’s coming and going in compliance
LendingHome, a mortgage marketplace lender, has appointed Cynthia Chen as chief risk officer; Ball Corporation has elected two new board members; and Clear Channel Outdoor Americas has named a new general counsel; Check out the CW Grapevine for the latest personnel moves.
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Blog
Ball Corporation names new board members
Ball Corporation, a supplier of sustainable packaging solutions for beverage, food and household products customers, as well as aerospace and other technologies and services primarily for the U.S. government, has elected Cynthia Niekamp, retired senior vice president from PPG Industries, and Daniel Heinrich, former executive vice president and chief financial ...
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Blog
AMC Networks appoints chief accounting officer
AMC Networks has appointed Christian Wymbs as chief accounting officer, effective immediately. He assumes these responsibilities from Sean Sullivan, executive vice president and CFO for AMC Networks.
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Blog
Clear Channel Outdoor Americas names general counsel, corporate secretary
Clear Channel Outdoor Americas (CCOA), a division of Clear Channel Outdoor Holdings, has named Lynn Feldman as executive vice president and general counsel for its business in the United States and Canada.
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Blog
An employee suicide and corporate culture
The Man From FCPA Tom Fox examines the recent suicide of an executive with Abbot Laboratories in India and what happens when the numbers are more important than employees’ well-being.
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Resource
Solutions Brief: EU Privacy Shield Compliance
This brief provides a summary of each options, with special emphasis on Privacy Shield, including a summary of benefits and tradeoffs, along with case studies and solution options.
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Blog
FASB seeks input on future rules, principles
The Financial Accounting Standards Board is looking for some guidance from capital market participants that could prove critical to how the board moves forward on accounting changes in the future. Tammy Whitehouse has more.
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Blog
Barclays will pay states $100 million for LIBOR manipulation
Barclays will pay $100 million as part of a 44-state settlement “for fraudulent and anticompetitive conduct” involving manipulation of the LIBOR benchmark interest rate.
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Blog
Exchanges join forces to harmonize trading halts
In response to trading disruptions and pricing irregularities that plagued the stock market last August, three major exchange groups—Bats Global Markets, Nasdaq, and the New York Stock Exchange—are working together to harmonize their electronic trading procedures. Joe Mont has more.
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Blog
SEC prevails in constitutional challenge to in-house judges
It will assuredly not quell controversy surrounding the SEC’s use of in-house judicial hearings, but the U.S. Court of Appeals for the D.C. Circuit is now the first appellate court to uphold the constitutionality of those administrative proceedings. Joe Mont reports.
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Blog
Ceresney flashback: deposing ‘The Donald,’ part II
More details from the December 2007 deposition of Donald Trump conducted by then-private lawyers Andrew Ceresney and Mary Jo White—“an interrogation unlike anything else in the public record of Trump’s life” focused primarily on his honesty. Bruce Carton reports.
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Blog
SEC bars 2 KPMG auditors over bank loan loss reserves
Tammy Whitehouse looks at the case of two KPMG auditors barred by the SEC from public company practice over their role as engagement partner and senior manager on the audit of a failed financial institution in the aftermath of the financial crisis.
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Blog
SFO Airbus investigation indicates new normal in financing and compliance
The Serious Fraud Office investigation into Airbus emphasizes the importance of compliance program best practices for borrowers in obtaining funding and loan guarantees, especially in light of the latest trend: government oversight. Tom Fox reports.
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Blog
SEC fines company for anti-whistleblower severance deals
With a warning to companies that rely upon severance agreements, the SEC has settled with an Atlanta-based building products distributor over allegations it violated securities laws by requiring outgoing employees to waive their right to monetary recovery if they filed a whistleblower complaint. Joe Mont reports.