News

Dispatches From SCCE Europe Event

scce

The Society of Corporate Compliance & Ethics is holding its annual European conference this week in Berlin. Alas, Radical Compliance could not be there in person, so we’ve been scrounging social media to see what others have been saying about the event. Below are a few names, faces, photos, and dispatches from Germany.   So,…

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Compliance Jobs Report: March 8

compliance jobs

The Compliance Jobs Report this week has news from Cargotec, Wells Fargo, RE/MAX, and lots of other firms. A few compliance vendors are touting customer wins; we have job openings from Texas to Missouri; and our Meme of the Week goes out to everyone who still uses spreadsheets for internal controls. I gather these bits…

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Bankrate Pays $28.5M in Fraud Case

bankrate

Yes, yes, the compliance community is buzzing today about the $850 million FCPA settlement announced Wednesday evening between U.S. authorities and Russian mobile phone company MTS. We’ll get to MTS another day. The Justice Department also settled a securities and accounting fraud case yesterday with the owners of personal finance website Bankrate.com, and that one…

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$2 Mill Fine for Weak Compliance

compliance

FINRA today hit broker-dealer firm Cantor Fitzgerald with a $2 million fine for sloppy compliance practices that lasted at least five years, in an enforcement action sure to warm a compliance officer’s heart. The offenses related to naked short selling, where an investor first borrows stock to sell at a high price, then buys it…

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Governance Nightmare in Arizona

hacienda

A stunning story of corporate misconduct out of Arizona this week: A special investigator hired two months ago by Hacienda Healthcare has quit, saying the board thwarted his investigation into how a comatose patient there was raped and impregnated — and his departure seems to have driven 10 other managers there to resign, too. You…

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Compliance Jobs Report: March 1

Compliance jobs

The Compliance Jobs Report this week has a flurry of risk officers hired by regulatory agencies (they need the help); plus a risk and compliance reshuffle at Credit Suisse; and other moves at the VHA, Vertex Pharmaceuticals, and Constellation Brands. Much more inside, and our Meme of the Week goes out to Elon Musk. I…

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2019 World’s Most Ethical Announced

ethics

Ethisphere announced its 2019 list of World’s Most Ethical Companies today. Corporate compliance officers can now prepare for a barrage of emails from the CEO and board asking, “Why aren’t WE on that list???” This year 128 companies around the world are on that list, hailing from 21 countries and 50 industries. We can’t name…

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Compliance Jobs Report: Feb. 22

compliance jobs

The Compliance Jobs Report this week has news from Herman Miller, Greenlight Capital, Sun Life Financial, and many more. Some compliance pros are moving from corporate life into the consulting world; we have three job openings of note, and our Meme of the Week goes out to everyone who dreams of sitting on the board.…

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Thoughts on Workplace Violence Risks

violence

A grimly well-timed survey landed on my desk this week, examining trends in employee background checks and “workplace security incidents.” It underlines the challenge companies face today when trying to perform employee background checks and to reduce the risk of workplace violence. The report comes from Endera, a tech firm that sells software to help…

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Botched ICO: Self-Reporting Wins Again

ICO

Another week, another message that self-disclosure of corporate misconduct brings rewards. This time, the SEC let a tech company off with a regulatory wrist-slap after the firm confessed to conducting an unregistered initial coin offering. ICOs are all the rage these days among certain technology companies, whose founders probably read too much Ayn Rand in…

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