All Compliance Week articles in Web Issue – Page 668
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The Fine and Elusive Art of Managing Change Effectively
Image: A large part of success for compliance programs at hinges on the chief compliance officer’s ability to shepherd change through the organization. But let’s be honest: managing change is not something many big businesses do well. Partly that is because companies today try to achieve too much change too ...
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Liberty Tax Appoints Chief Compliance Officer
Liberty Tax, a tax preparation company, has appointed James Wheaton to the newly created position of chief compliance officer.
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PCAOB Experiments With Random Inspections, Data Analysis
Image: The PCAOB has opened a project to study inspection results statistically and to consider whether the board should allocate some inspection resources to randomly selected audits. Chairman James Doty: “Could some randomization help us make better inferences about how pervasive audit deficiencies may be? Could some random selection increase ...
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SEC Considers Derivatives Rules for Registered Funds
The SEC has proposed rules that, once finalized, will modernize and enhance existing regulations placed on the use of derivatives by registered investment companies. The proposed rules would limit the use of derivatives by mutual funds, exchange-traded funds, closed-end funds, and business development companies. It also requires them to establish ...
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Calgon Carbon Appoints General Counsel and Secretary
Calgon Carbon has hired Chad Whalen as general counsel and secretary, effective as of Dec. 1. Whalen comes to Calgon Carbon from RTI International Metals, a global supplier of advanced titanium and specialty metals products and services, acquired by Alcoa earlier this year. There, he held the position of general ...
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Cordium Launches New Cyber-Security Training Video
Cordium, a global provider of compliance consulting, accounting, tax and software to the financial services industry, has launched a cyber-security training video to help firms protect against breaches.
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SEC Makes Second Attempt at Extractive Payments Rule
The SEC re-proposed its extractive payments rule on Friday. The controversial rule, already vacated once by an industry lawsuit, requires public companies to report annually payments they, subsidiaries, and entities they control make to governments for the commercial development of oil, natural gas, or minerals. Initial comments on the proposed ...
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Analogic Faces $15 Million FCPA Settlement
Analogic, an airport security and medical-imaging technology provider, said this week in a quarterly filing that the Securities and Exchange Commission and the Department of Justice have made separate settlement proposals to resolve a Foreign Corrupt Practices Act case totaling payments of approximately $15 million.
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CFTC Brings First Insider-Trading Case
Until last week, the CFTC had never brought an insider-trading case for commodities trading. Indeed, the only example of insider commodities trading that most lawyers (or anyone else) could probably point to would be the ill-fated effort of the Duke brothers in the Eddie Murphy movie Trading Places. Four years ...
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SEC Offers First Batch of FAST Act Guidance
The Securities and Exchange Commission’s Division of Corporation Finance has weighed in on the passage of the Fixing America's Surface Transportation (FAST) Act last week with new Compliance and Disclosure Interpretations related to provisions that affect federal securities laws.They address legislative efforts to reduce disclosure burdens on emerging growth companies.
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National Society of Compliance Professionals Elects New Chair
The National Society of Compliance Professionals (NSCP), a non-profit, membership organization dedicated to serving and supporting compliance professionals in the financial services industry, has elected Lynn McGrade as chair for the upcoming year.
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TransferTo Names Chief Compliance Officer
TransferTo, a global mobile money hub, has appointed Paul de Ruiter as chief compliance officer. In this role, he will lead TransferTo’s global compliance function.
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Evolution Petroleum Names Chief Accounting Officer
Evolution Petroleum, in independent petroleum company, has appointed Rod Schultz as chief accounting officer. He will also continue to serve in his current role as director of SEC reporting and taxation.
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AIG Names Chief Risk Officer; Forms Executive Leadership Team
American International Group, a global insurance company, this week announced the formation of a new Executive Leadership Team, designed to execute AIG’s strategic priorities. In addition, the company has named Alessa Quane as chief risk officer, in addition to her role as chief corporate actuary.
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Gladstone Capital Appoints Chief Accounting Officer
Gladstone Capital has appointed Nicole Schaltenbrand as chief accounting officer, effective Dec. 7. Prior to joining the Company, chaltenbrand served as a senior manager of SEC reporting and accounting policy at National Rural Utilities Cooperative Finance.
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First National Collection Bureau Names Chief Compliance Officer
First National Collection Bureau, a national accounts receivable management firm, has appointed Issa Moe as the general counsel and chief compliance officer. He will report to Chief Executive Officer Bradley Jardon.
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Dish Network Names Chief Accounting Officer
DISH Network has appointed Paul Orban as chief accounting officer. He also will continue to serve in his current role as corporate controller.
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The Legacy of Frederick Bourke Rears Its Head
Sometimes it does not take active bribery or corruption by an individual to violate anti-corruption laws such as the Foreign Corrupt Practices Act. It is one of the few laws which makes illegal consciously avoiding the actual knowledge of the underlying crime.
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The Philippines Not Playing Around With Pyramid Schemers
The Philippines doesn't make a lot of news in the securities enforcement world. When the Philippines Securities and Exchange Commission does prosecute and convict someone for a major securities fraud, however, it doesn't play around!