All Compliance Week articles in Web Issue – Page 83
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Blog
Mativ Holdings names general counsel
Manufacturing company Mativ Holdings announced the appointment of Mark Johnson as chief legal officer, general counsel, and secretary.
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News Brief
PCAOB fines K G Somani over audit quality lapses
The Public Company Accounting Oversight Board announced a $125,000 penalty against India-based audit firm K G Somani & Co. for alleged violations of quality control standards.
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Blog
Cooper Standard appoints chief legal officer
Cooper Standard, a supplier of sealing and fluid handling systems and components for the transportation and industrial markets, announced the appointment of MaryAnn Peterson Kanary as senior vice president, chief legal officer and secretary.
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Premium
KPMG survey: ESG-related concerns in M&A derailing deals
Material findings related to environmental, social, and governance due diligence have disrupted mergers and acquisitions, forcing companies in the United States and abroad to back out of deals, according to a study from KPMG.
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Premium
SEC, CFTC call for self-reporting to reduce off-channel comms backlash
The Securities and Exchange Commission and Commodity Futures Trading Commission have indicated they will be more forgiving to financial services firms that voluntarily self-report recordkeeping violations and take remedial actions before being asked to do so.
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News Brief
Canoo to pay $1.5M over misstatements, disclosure lapses
Electric vehicle manufacturer Canoo agreed to pay $1.5 million as part of a settlement with the Securities and Exchange Commission for alleged material misrepresentations regarding revenue and failing to properly disclose executive compensation.
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News Brief
Fund administrator Theorem to pay $122K over missed red flags
The Securities and Exchange Commission ordered Florida-based fund administrator Theorem Fund Services to pay more than $122,000 to settle allegations it missed red flags regarding a $39 million fraud.
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Opinion
SEC’s latest whistleblower award worth note beyond $104M payout
The SEC announced a $104 million award split among seven whistleblowers, but the fact nearly a dozen claimants contacted the agency seeking to provide information related to one action should be notable to companies regarding the stakes of the current whistleblower landscape.
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News Brief
Wells Fargo fined $200M in latest SEC, CFTC off-channel comms sweep
The Securities and Exchange Commission and Commodity Futures Trading Commission continued their crackdown on financial firms’ recordkeeping failures regarding employee use of off-channel communications with $555 million in total fines levied against nine institutions and their affiliates.
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Webcast
Webcast: The future of accounting: Insights from industry leaders
In today’s rapidly evolving business landscape, the accounting function is facing a trifecta of obstacles putting increasing pressure on controllers: expanding regulatory requirements, rising business complexities, and a shortage of skilled accounting professionals.
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News Brief
Ex-DOJ Criminal Division head Kenneth Polite to join Sidley Austin
Sidley Austin announced the appointment of Kenneth Polite Jr., former head of the Department of Justice’s Criminal Division, as a partner and co-lead of the law firm’s white-collar government litigation and investigations practice.
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Blog
Klarpay AG names chief legal and compliance officer
Financial technology company Klarpay AG announced the appointment of Markus Emödi as chief legal and compliance officer.
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Premium
Q&A: FlightHub compliance officer on shift to culture of compliance
Sona Bedrossian, FlightHub Group’s general counsel and compliance officer, explains to Compliance Week how the online travel agency embeds compliance into its technology.
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Blog
Upside Foods recruits Twitter GC for chief legal officer role
Upside Foods announced the appointment of Sean Edgett as chief legal officer.
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Blog
ModMed names chief legal officer
Medical software provider ModMed announced the appointment of Denise Ceule as chief legal officer.
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News Brief
SEC awards $104M between seven whistleblowers in one action
The Securities and Exchange Commission announced awards totaling more than $104 million to seven whistleblowers whose information and assistance led to a successful enforcement action.
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Premium
Covington mulling appeal of ruling in SEC breached client case
Covington & Burling is leaving open the possibility of appealing a recent federal court order requiring the law firm to provide the names of hacked clients to the Securities and Exchange Commission.
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News Brief
Fed report highlights emerging cyber threats, including generative AI
The Federal Reserve listed the proliferation of generative artificial intelligence tools among areas of emerging cybersecurity threats for banks to monitor as part of its annual resilience report.
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News Brief
ACI Worldwide to pay $20M in settlement with states over data handling
ACI Worldwide is set to pay $20 million as part of a proposed settlement with states related to lax data handling and erroneous transactions that resulted in previous penalties against the company levied by the Consumer Financial Protection Bureau.
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Blog
Kaiser Permanente appoints chief compliance and privacy officer
Kaiser Permanente, the parent company of Kaiser Foundation Health Plan and Hospitals, announced the appointment of Jacqueline Baratian as senior vice president, chief compliance and privacy officer.