All Compliance Week articles in Web Issue – Page 687
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Blog
SEC Details Focus Areas for Next Cyber-Security Exams
The SEC will broaden its focus on cyber-security concerns during forthcoming examinations of registered broker-dealers and investment advisers by its Office of Compliance Inspections and Examinations. Among the areas primed for greater scrutiny: governance and risk assessment; access rights and controls; data loss prevention; vendor management; employee training; and incident ...
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Blog
Thoughts on Bridging the Gap From Compliance to ERM
Image: Compliance Week held its latest executive roundtable in Florida last week, to talk about moving from compliance programs to broader enterprise risk management. Inside, editor Matt Kelly has a first recap of what was discussed: how much ERM companies already do, how you can overcome some (not all) of ...
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Blog
New Chief Compliance Officer Joins itBit
Digital currency exchange itBit has apppointed Daniel Alter as the company’s new general counsel and chief compliance officer. Alter joins itBit after stepping down in February from his most recent post as general counsel of the New York State Department of Financial Services. Details inside.
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Resource
Epic Data Fails: How Companies Can Lose 20% of Their Value in 10 Minutes
Data security is paramount, and inadvertent data exposure (either due to malicious intent or human error) can cost companies millions of dollars. Every day, we engage in mundane activities that could be placing sensitive data at risk without our knowledge.Novaworks’ white paper, Epic Data Fails: How Companies Can Lose 20 ...
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Report Highlights Cybersecurity Risks to Accountants
A lot has been written here and elsewhere about the cybersecurity risks to law firms, but a recent report by ACCA USA highlights another, similarly situated profession that has not received as much attention: accountants.
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Blog
Cooper Standard Appoints VP of Internal Audit and Compliance
Cooper-Standard Holdings, the parent company of Cooper-Standard Automotive, announced this month that it has appointed Peter Brusate to vice president of internal audit and compliance, effective Oct. 12. In this position, Brusate will oversee Cooper Standard's global internal audit and compliance activities. Details inside.
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Blog
Mindtree Partners With MetricStream to Simplify Regulatory Compliance for Financial Firms
Mindtree, a digital transformation and technology services company, announced this month that it has partnered with GRC provider MetricStream to help simplify regulatory compliance for financial firms. Mindtree will leverage MetricStream's Zaplet, a cloud-based open platform to build, deploy, and manage a variety of GRC applications for financial firms globally. ...
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Blog
Supreme Court Asked to Consider No-Action Letters
As if the process for excluding shareholder proposals wasn’t confusing enough, now the Supreme Court could weigh in. Trinity Wall Street has petitioned it to review a 2014 appellate court ruling, which found that a proposal requiring that Walmart’s board review the retailer’s policy on gun sales encroached upon “ordinary ...
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Blog
FASB Appoints New Members to Emerging Issues Task Force
Paul Beswick, a partner with Ernst & Young and former chief accountant for the Securities and Exchange Commission, and Robert Malhotra, partner at KPMG, have been named to the Emerging Issues Task Force (EITF) of the Financial Accounting Standards Board (FASB). Details inside.
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Blog
CFTC Makes it Official: Bitcoin is a Commodity
Bitcoin, the controversial virtual currency vexing financial regulators, is now officially a commodity—at least in the eyes of the Commodity Futures Trading Commission. On Thursday, with the CFTC’s first ever enforcement action against an unregistered Bitcoin options trading platform, the agency designated the virtual currency, and potentially others like it, ...
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Blog
Socialware Unveils Social Access Control Solution
Socialware, a provider of social media risk management solutions for the enterprise, has announced the availability of its Social Access Control solution. Complementing Socialware’s existing solutions for regulated users in financial services, Social Access Control gives firms in any industry the ability to place controls around which social network features ...
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Blog
New Tipalti W-8 Solution Fully Integrates With Global Payments
Tipalti, a global payments management platform provider, has fully integrated the first-ever intelligent Form W-8 collection solution into its platform. The solution helps U.S. companies automate the accounts payable process by both paying suppliers who are nonresidents, foreign alien or entities while ensuring W-8 tax form compliance. Details inside.
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Blog
Anadarko Elects New Board Member; Promotes CCO
Anadarko Petroleum has elected Sean Gourley to serve as an independent director of the company, effective as of Sept. 15. Additionally, the company has promoted its chief compliance officer. Details inside.
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Blog
FINRA Pitches Safe Harbor For Firms Flagging Investor Exploitation
The Financial Industry Regulatory Authority’s Board of Governors has advanced proposed rulemaking that would allow the firms it oversees to place a temporary hold on a disbursement of funds or securities if it has a reasonable belief that financial exploitation is occurring. The rule would provide firms with a safe ...
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Blog
Hercules Technology Growth Capital Names Chief Compliance Officer
Hercules Technology Growth Capital, a specialty finance company, has appointed Melanie Grace as general counsel and chief compliance officer. Grace will oversee Hercules’ legal and compliance functions and serve as corporate secretary. She will report directly to Chief Financial Officer Mark Harris. Details inside.
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Blog
Institute of Business Ethics Appoints New Trustees
The Institute of Business Ethics this week announced that it has appointed four new trustees to join the Trustee board, chaired by Edward Bickham. The new trustees replace recent retirees, as well as augmenting the skills and experience of the Trustee board. Details inside.
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Blog
Analogic Proposes $1.6 Million FCPA Settlement
Analogic, an airport security and medical-imaging technology provider, said in a quarterly filing this week that it has proposed a $1.6 million settlement to the Securities and Exchange Commission to resolve a Foreign Corrupt Practices Act case.The potential sanctions concern certain questionable transactions involving Analogic’s Danish subsidiary BK Medical and ...