Today we have another Radical Compliance podcast interview, this time talking with Ling-Ling Nie about how she is trying to build the first formal ethics and compliance function at Georgia Tech. Nie joined Georgia Tech last March after a distinguished career in the corporate sector. Her objective since then has been to build a formal,…

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The Securities and Exchange Commission has dinged a broker-dealer firm in New York $250,000 for putting an untrained compliance associate in charge of gathering data about stocks the firm offered to clients, and letting traders do business in those stocks without any real sense of how accurate their information was. The firm, Canaccord Genuity Corp.,…

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Walmart fcpa

All weekend I’ve contemplated what to say about Walmart’s FCPA settlement. Quick minds in ethics and compliance have already pumped out paragraph after paragraph dissecting the case, and more minds will pump out more paragraphs still, before everything is said about this landmark case. Except, the Walmart case isn’t a landmark, really. Read the statement…

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Navex Global has published its latest annual ethics & compliance benchmarking report, a deep dive into all sorts of activities and priorities among corporate compliance programs. It’s a great document to help compliance officers place their own issues in larger context, so let’s take a look at what Navex had to say. Typically Navex publishes…

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discipline

This week I had the good fortune to attend a luncheon of compliance professionals here in Boston, where we talked about the Justice Department’s new guidelines for evaluating the effectiveness of compliance programs. Our host was Vincent DiCianni, founder of Affiliated Monitors, and he hit upon a great point about what really matters for successful…

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Here’s a tale of corporate misconduct on the high seas that compliance officers will want to see: Carnival Corp. has agreed to pay a $20 million fine and hire a chief compliance officer for violating a corporate probation agreement over environmental pollution. The headline is that Carnival had agreed in 2017 to a court-appointed compliance…

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compliance

The Justice Department released Tuesday a fresh set of guidelines on how prosecutors should evaluate corporate compliance programs: a much longer document, with more narrative explanation about what the Justice Department considers important. Compliance professionals should prepare to obsess over it like last Sunday’s Game of Thrones episode. Assistant attorney general Brian Benczkowski unveiled the…

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KPMG just published a survey of chief compliance officers that’s chock full of numbers and charts telling where CCOs plan to take their compliance programs in 2019. It’s well worth your time to read — although, to my reading, some of the findings don’t quite add up. The survey polled 220 chief compliance officers at…

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internal reporting

NAVEX Global released its 2019 Ethics & Compliance Hotline Benchmark Report this week, and raised an important point for corporate compliance officers to ponder: are you using all the right intake channels to capture a true sense of misconduct and corporate culture at your organization? At least, that’s the question that jumps to my mind,…

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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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