All Compliance Week articles in Web Issue – Page 724
-
Blog
Franklin Synergy Spins Off Compliance Unit
Franklin Financial Network, the parent company of Franklin Synergy Bank, has spun off its wholly-owned subsidiary, Banc Compliance Group, to BCG Consulting. The newly-independent company will continue to operate under the name Banc Compliance Group, and will continue to be managed by President Connie Edwards. Details inside.
-
Blog
New Sanctions Imposed on North Korea
President Obama has signed an executive order imposing new sanctions on North Korea in response to the cyber-attack on Sony Pictures Entertainment. Specifically, the sanctions target agencies and officials associated with the North Korean government and Workers’ Party of Korea. They will be denied access to the U.S. financial system ...
-
Blog
Kodak Names New General Counsel, Corporate Secretary
Eastman Kodak Company has promoted Sharon Underberg to the role of general counsel and secretary, effective Jan. 6. She succeeds Patrick Sheller, currently general counsel, secretary, and hief administrative officer, who has decided to leave the company to pursue a new opportunity. Details inside.
-
Blog
Fiskars Product Safety Case Offers Compliance Lessons
Gerber Legendary Blades, a division of Fiskars Brands, this week agreed to pay a $2.6 million civil penalty to the Department of Justice to settle allegations that it knowingly failed to immediately report to the Consumer Product Safety Commission a safety hazard associated with Fiskars’ Gator Combo Axe. As part ...
-
Blog
FTC Finalizes User Privacy Charges Against Snapchat
Image: The Federal Trade Commission has approved a final order settling charges that Snapchat deceived consumers with promises about the disappearing nature of messages sent through the service. “If a company markets privacy and security as key selling points in pitching its service to consumers, it is critical that it ...
-
Blog
FBI Recruiting New Wave of Cyber Agents
The FBI is actively trying to hire a new wave of Special Agents with specialized cyber skills to help it "protect the United States against cyber-based attacks and high-technology crimes." In a recent FBI job posting for "Special Agent (Cyber)," the FBI emphasized that the position is for applicants ...
-
Blog
AR Capital Shakes Up Its Board
Nicholas Schorsch, co-founder of AR Capital, will be stepping down from the board of directors of RCS Capital, New York REIT, and eleven non-traded real estate investment trusts and direct investment programs sponsored by AR Capital. The announcement comes at a time when the investment management firm faces a defamation ...
-
Blog
Oak Bank Names Chief Risk and Compliance Officer
Oak Bank, a community bank in Wisconsin, has appointed Lisa Quakenbush as risk and compliance officer. She brings more than 20 years experience in the financial services industry. Details inside.
-
Blog
Texas Rare Earth Resources Appoints Board Member
Texas Rare Earth Resources, an exploration company targeting heavy rare earth minerals, has appointed Eric Noyrez to join its board of directors, with immediate effect. Noyrez brings to TRER extensive senior management and board level experience in the major multinational industrial and chemical companies that constitute the modern rare earth ...
-
Blog
SEC Will Convert XBRL Filings Into New Public Databases
The SEC has announced the launch of a pilot program that will consolidate financial statements submitted by public companies using XBRL into databases that can be readily accessed by the public. The data sets, including financial statement data from XBRL filings, will be expanded in 2015 to include data in ...
-
Blog
Takata Names General Counsel for North America Unit
Embattled Japanese-based airbag supplier Takata has named Bruce Angiolillo as general counsel of TK Holdings, the North American subsidiary of Takata, effective Jan. 1, 2015. Angiolillo joins Takata following a 34-year career at global law firm Simpson Thacher & Bartlett. Details inside.