All Compliance Week articles in Web Issue – Page 628
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Blog
SEC's former AMU co-chief Marshall Sprung joins Blackstone Group
Marshall S. Sprung, former co-chief of the SEC Division of Enforcement’s Asset Management Unit since 2013, is reportedly joining Blackstone Group LP as the firm's global head of compliance. As emphasized in a speech last week by SEC Enforcement Director Andrew Ceresney, the Enforcement Division has recently increased its scrutiny ...
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Event
Merger Week: Creating Value Through Strategic Acquisitions and Alliances
ChicagoChicago, IL 11111United States
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Blog
After rejection, SEC whistleblower's persistence leads to $3.5 million award
On Friday, the SEC announced its latest whistleblower award -- a sizable one that is noteworthy for at least three reasons.
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Blog
New OSHA rule expands injury reports, creates public database
The U.S. Department of Labor's Occupational Safety and Health Administration has issued a final rule intended to modernize injury data collection and create “the largest publicly available data set” on work injuries and illnesses. Joe Mont reports.
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Blog
OCC warns banks about new communication tech
The Office of the Comptroller of the Currency has issued guidance for the banks it oversees regarding their obligations related to the maintenance of records, records retention, and examiner access to those documents in light of new communications technologies. Joe Mont offers some details on the guidance.
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Blog
Hamilton Underwriting Limited names chief risk officer
Hamilton Underwriting Limited has appointed Alex Baker to the position of chief actuary and chief risk officer.
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Blog
Telenor reshuffles its board
Telenor this week appointed three new members to its board, following the resignation of three former directors. The restructuring of Telenor’s board follows a report issued by Deloitte on how Telenor handled its 33% ownership of Amsterdam-based telecommunication services provider VimpelCom, which in February agreed to pay $795 million in ...
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Blog
NiSource appoints chief risk officer
Utility company NiSource has named Shawn Anderson as treasurer and chief risk officer, effective June 1.
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Blog
Theranos further restructures its board, operations
Theranos yesterday made further changes to board of directors, as the ailing biotech start-up faces civil and criminal investigation into whether it defrauded investors. The company also announced the retirement of Sunny Balwani as president and chief operating officer.
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Blog
Carrie Cohen joins Morrison & Foerster as partner
Carrie Cohen, former Assistant U.S. Attorney for the Southern District of New York, has joined the law firm Morrison & Foerster as a partner in New York. Cohen joins the firm’s Securities Litigation, Enforcement and White-Collar Criminal Defense; Commercial Litigation; and Trials Practice Groups.
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Blog
PCAOB tries again for rule to expand audit report
The Public Company Accounting Oversight Board has issued a new proposal to expand the current pass-fail audit report in a way that would give investors more information about what auditors do and what they learn during the course of their work.
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BlogOECD: More countries commit to tackle tax evasion
The Organization for Economic Cooperation and Development and the Global Forum on Transparency and Exchange of Information for Tax Purposes has announced that Bahrain, Lebanon, Nauru, Panama, and Vanuatu are now committed to sharing financial account information automatically with other countries. Jaclyn Jaeger has more.
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Blog
Copeland Capital Management names chief compliance officer
Copeland Capital Management has named Sofia Rosala general counsel and chief compliance officer.
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Blog
GI Dynamics appoints chief compliance officer
Medical device company GI Dynamics has appointed Brian Callahan to the position of chief compliance officer and executive vice president clinical, regulatory and quality.
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Blog
The Yates Memo and the new normal for individual enforcement
In a speech before the New York bar, Justice Department Deputy Assistant Sally Yates detailed some of the effects the Justice Department has already seen from the Yates Memo, released last September, including a larger focus on individual actor culpability and a drive by DoJ lawyers to identify the individuals ...
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Article
Seeking to squash mandatory arbitration, CFPB proposal draws praise and venom
The Consumer Financial Protection Bureau is moving ahead with a proposed rule that will prohibit mandatory arbitration clauses. While proponents agree with the Bureau’s assertion that class-action lawsuits provide a more effective means for consumers challenging problematic practices, pro-business groups see the rule as a deathblow for financial services arbitration ...
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Article
Calls to reform False Claims Act revisited
Is it time to reform the False Claims Act? The answer depends on whom you ask, says Jaclyn Jaeger. Critics argue that it leads to unfair penalties and unjust results for companies; others say it empowers whistleblowers to help the government conquer fraud.
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ArticleBleeding out: Theranos oozes with corporate governance lessons
A year ago, Theranos was a Silicon Valley health tech “unicorn” praised for breakthrough advancements in blood testing. Now it’s under civil and criminal investigation for defrauding investors. The role Theranos’ board has played in this is already shaping up to be a pointed object lesson for board best practices ...