Posts by Matt Kelly
Gensler Agenda Comes Into View
The Securities and Exchange Commission has released updated plans for its rulemaking agenda, with new proposals on climate change, corporate share buybacks, and insider stock sales coming soon; followed by plans to revisit rules adopted during the Trump Administration on whistleblower awards, shareholder proposals, and disclosure of payments companies make to foreign governments for mining…
Read MoreThe Shifting Calculus on Cybersecurity
So there I was the other day, talking to one of the many tech vendors in this field, when our conversation turned to a perpetually puzzling question: Why is the relationship between compliance and cybersecurity so difficult to get right? After all, my acquaintance and I lamented, cybersecurity has been one of the top corporate…
Read MoreCompliance Jobs Report: June 11
This week the Compliance Jobs Report has personnel news from Guardian Life, Apple, General Motors, Bitstamp, and lots of others; we also have a whistleblower startup raising investment cash, and job openings from restaurants to cryptocurrency to logistics. Our Meme of the Week goes out to policy management mavens. As always, thank you to all…
Read MoreFinancial Crime Compliance Costs Keep Going Up
The costs of financial crime compliance jumped sharply in 2020, as Covid-19 complications caused a host of challenges and forced lots of compliance officers to spend more money on labor, according to a new report from LexisNexis Risk Solutions. The report surveyed more than 1,000 compliance officers at financial firms around the world, and provides…
Read MoreFTC Serves MoviePass Its Final Scene
The folks behind MoviePass have agreed to settle charges with the Federal Trade Commission that the business worked to subvert customers’ ability to use the film subscription service and failed to protect personal data, in a messy case that’s quite the example of poor leadership and poor privacy compliance all rolled into one. For those…
Read MoreThe PCAOB House-Cleaning and You
I’m all for a thorough spring cleaning, but this is next-level: the Securities and Exchange Commission fired the head of the Public Company Accounting Oversight Board on Friday, and told the remaining three board members that they’ll be gone too as soon as the SEC finds suitable replacements. SEC commissioner Gary Gensler announced the news…
Read MoreBiden Puts Anti-Corruption Centerstage
President Biden issued a policy memo Thursday vowing to make anti-corruption a pillar of U.S. national security — with numerous potential implications for corporate compliance programs that we can barely begin to understand right now. First, we should be clear about exactly what the president did here. He did not issue an executive order, which…
Read MoreCompliance Jobs Report: June 4
Another global Compliance Jobs Report this week. We have several personnel moves in the United States (including a bunch of folks leaving corporate roles for vendors and service providers), and many more moves around the world: in Brazil, Britain, France, India, Denmark, and elsewhere. Job leads this week in logistics, entertainment, and fashion. As always,…
Read MoreProposed: Framework for CCO Liability
The New York City Bar Association has proposed a framework that the Securities & Exchange Commission should follow when deciding whether to charge a chief compliance officer for compliance failures at his or her firm. The framework, announced to the world on Wednesday, addresses points such as when a CCO should be charged for “wholesale…
Read MoreApple Exec Cleared of Bribery Charge
A California state judge has dismissed bribery charges that were brought against one of Apple’s top compliance executives last year, saying the case lacked merit and that the executive, Tom Moyer, never should have been indicted in the first place. Moyer was one of four men indicted by a grand jury in Santa Clara, Calif.,…
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