Our post last week about the lack of clear standards for a “reasonably designed” compliance program drew lots of comment from compliance professionals — enough that the issue deserves continued exploration, since there’s plenty more to say on the subject. First let’s consider a concrete example of the confusion that could arise here. Imagine your…Read More
Following this morning’s monster jobs report for the U.S. economy, the Compliance Jobs Report has its own brisk update for this week too! We have items to report from Blackstone, Walmart, Fifth Third Bank, Alexion Pharmaceuticals, and many more. Job leads in banking, software sales, and stock trading; and our Meme of the Week goes…Read More
Today I want to revisit the Justice Department’s plans to have chief compliance officers certify the effectiveness of their compliance programs, to unpack a question that’s been bothering me. When the department says it wants certification that your program is reasonably designed to prevent future violations, what does “reasonable” actually mean? Readers of Radical Compliance…Read More
New York financial regulators have issued a scorcher of an enforcement action against Robinhood, hitting the online trading app with a $30 million for allowing a weak compliance program that, in turn, allowed a wide range of other compliance failures. The New York Department of Financial Services (DFS) announced the sanction on Tuesday. The precise…Read More
Technically, Radical Compliance is the personal blog of Matt Kelly, long-time writer and observer of the corporate compliance and GRC scene. I was a writer, editor, and publisher at Compliance Week, 2003 through 2015; some of you may know me from my career there. I also speak frequently at compliance conferences and other events, and will pretty much shoot the breeze on any compliance topic with anyone who asks.