More on SEC Penalties Policy Shift


The SEC’s new director of enforcement delivered his first speech this week, where he outlined a more aggressive use of monetary penalties to deter corporate misconduct and how the SEC will evaluate cooperation and other factors while deciding how large of a penalty to impose. The speech came from Gurbir Grewal, who took over as…

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The Deeper Meaning in the Facebook Scandal


This week I’ve kept one semi-interested eye on Frances Haugen, more commonly known as the Facebook whistleblower. Her bombshells launched — the 60 Minutes interview, the testimony before Congress, the leaked documents — were all devastating to Facebook, but compliance professionals should look deeper. Haugen’s arrival on the scene portends something deeper, too.  By now…

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Ozy Media’s Governance Flop


You may have missed this, but last week a media business with oodles of funding from Silicon Valley closed up shop because of flawed leadership behavior that culminated in accusations of fraud. Which gives us yet another opportunity to talk about the importance of board governance to keep leaders’ ethical conduct correct. The media business…

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Thoughts on AI From the Audit Perspective


The other week I had a post about the risk management challenges corporations will face as they integrate artificial intelligence into business operations. Several days later, my friend the Cybersecurity Auditor called me. “Dude,” he said, “I have many issues with AI and I think we’re missing another important point here.” OK, I replied, and…

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Compliance Jobs Report: Oct. 1

compliance jobs

The Compliance Jobs Report this week has news at Pall Corp., Robinhood, Sandvik, Doctors Without Borders, a few fintech firms, and lots more. We also have job leads in higher education, healthcare, and credit unions, and our Meme of the Week goes out to ESG programs. As always, thank you to all the compliance people…

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Goldman Compliance Officer Busted on Insider Trading


A senior compliance analyst at Goldman Sachs has been charged with insider trading by the SEC, which says the man racked up more than $470,000 ill-gotten profits by trading in brokerage accounts held under his parents’ names.  The man, Jose Luis Casero Sanchez, worked in the control room of Goldman’s offices in Warsaw, Poland, from…

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More ESG: Who Owns This Function?


The Society of Corporate Compliance & Ethics hosted its 2021 annual conference last week, and the agenda addressed all sorts of topics relevant to corporate compliance professionals. Everywhere you turned, however, one question seemed to worm its way into the conversation. Should the compliance function also own ESG reporting?  Some people are an emphatic “no.”…

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WPP Pays $19M on FCPA: An Analysis


Advertising giant WPP has agreed to pay $19 million to settle charges with the Securities and Exchange Commission that it had poor internal accounting controls in the 2010s, which led to bribery through third parties in India and several other emerging markets. The SEC announced the settlement on Friday. It consisted of $11 million in…

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Compliance Jobs Report: Sept. 24

compliance jobs

The Compliance Jobs Report this week has new hires at Activision Blizzard, Cooper Standard, BetMGM, and Beam Suntory, among others. We also have a few promotions to report, compliance officers joining the SCCE board, job leads in social media and women’s underwear — and our Meme of the Week goes out to in-person conferences! As…

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Dispatches from SCCE 2021


Well, it happened: the Society of Corporate Compliance & Ethics has hosted its first in-person conference in two years, with more than 600 people schmoozing, learning, and awkwardly leaning in for hugs at the Aria Hotel in Las Vegas. Hundreds more compliance professionals watched the SCCE conference virtually from the comfort of their own homes,…

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