News
Another Look at Cybersecurity Shortcomings
The other week the Biden Administration issued an executive order to improve cybersecurity across the federal government. Now we have a peek at just how bad numerous government agencies are at the task — and what steps they’re likely to take to improve the situation, which could affect government contractors providing IT services. Said peek…
Read MoreThe ESG Plans Keep Ramping Up
Don’t look now, but the Biden Administration continues to position its pieces on the regulatory chessboard to advance the administration’s plans for more corporate disclosure of ESG risks. First, last Thursday the president issued an executive order on the subject, addressing climate change and how the administration might use financial regulation to further enhance climate-change…
Read MoreCompliance Jobs Report: May 21
A ton of compliance jobs news in the financial sector this week, from Deutsche Bank to Apollo Global to Circle, and several more. Other personnel items come from General Electric, AbbVie, Flowserve, Molson Coors, TAMKO, and elsewhere. Our Meme of the Week goes out to everyone frustrated with ESG disclosure. As always, thank you to…
Read MoreAnother Interesting SEC Award
Earlier this week the Securities and Exchange Commission awarded $28 million to the person who blew the whistle on Panasonic Corp.’s extensive FCPA misconduct, which the company settled with U.S. regulators in 2018. And why is this particular award so interesting? Because it’s one of those rare occasions when compliance professionals can see how an…
Read MoreAnother Crenshaw Speech on SEC Policy
SEC commissioner Caroline Crenshaw was at it again last week, delivering another speech about what the Securities & Exchange Commission should do to be a more effective regulator for current times. Compliance professionals should heed her words, since Crenshaw is shaping up to be the resident progressive theorist among the five commissioners. That matters in…
Read MoreCompliance Jobs Report: May 14
Another full Compliance Jobs report this week. We have new hires in the fintech world, at Microsoft, Galderma, and a bunch of healthcare firms; and job openings from Atlanta to Boston to Dallas. Our Meme of the Week goes out to people paying ransomware attackers. As always, thank you to all the compliance people sending…
Read MoreA Suspicious Activity, Cybersecurity Mess
A broker-dealer firm in Colorado has agreed to pay $1.5 million to settle charges with the SEC that the firm failed to file suspicious activity reports about cybersecurity thieves trying to take over customers’ accounts. It’s a sobering example of how weak cybersecurity controls can spill over into regulatory compliance trouble. The firm in question…
Read MoreAn Interesting Whistleblower Award
Here’s something you don’t see every day: two recipients of a whistleblower award from the Securities and Exchange Commission fighting over how to split $22 million between them. The SEC announced the award on Monday, and as usual, we know little about the case itself. Apparently the misconduct happened at a financial firm, which at…
Read MoreCompliance Jobs Report: May 7
This week’s Compliance Jobs Report has a bundle of promotions, at Siemens, GSK, Wells Fargo, Spirion, and elsewhere. We also have new hires at SpartanNash, American Physician Partners, Allianz, and more; plus a few job leads at companies with the word “Discover” in the name. And don’t forget our Meme of the Week! As always,…
Read MorePCAOB Stands Pat on Data Analytics
The PCAOB released an update Thursday on its thinking about how to use data analytics and related technologies in financial audits, and it seems that the regulator will maintain for now its belief that no new auditing standards to address technology are necessary. For several years now, the PCAOB has run a small task force…
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