Compliance Week | News, Events & Thought Leadership for the …
Premium SEC charge against CCO in penny stock scheme raises more questions about gatekeeper liability. 2025-01-22T16:13:00+00:00 By Aaron Nicodemus. A recent complaint by the Securities and Exchange Commission against the chief compliance officer of a Chicago-based investment firm contains some of the most worrisome examples of how CCOs can be found liable for misconduct at their firm.
OCC hits USAA with third order in five years; places limits on new ...
Dec 20, 2024 · USAA Federal Savings Bank has been hit with its third cease and desist order from the Treasury Department’s Office of the Comptroller of the Currency in the past five years for failing to correct unsafe and unsound banking practices.
EU AI Act next GDPR? Proof in the pudding as boardrooms …
Dec 23, 2024 · Breaches of the EU's GDPR can cost companies substantial sums and huge reputational damage. Now some are warning that the implementation of the EU's AI Act will be just as far-reaching, and could potentially lead to similar numbers of cases.
SEC fines Wells Fargo $35M, Merrill Lynch $25M over improper …
5 days ago · Wells Fargo and Merrill Lynch will pay $35 million and $25 million, respectively, to settle allegations by the Securities and Exchange Commission (SEC) that their handling of investment accounts’ cash sweep programs violated federal law. Wells Fargo Clearing Services, Wells Fargo Advisors, and ...
Texas court halts FinCEN beneficial ownership reporting …
Dec 9, 2024 · Business owners can stop preparing their 2025 anti-money laundering (AML) reports for the Treasury Department’s Financial Crimes Enforcement Network (FinCEN), according to a Texas court, which ruled the Corporate Transparency Act (CTA) requirement unconstitutional.
SEC charges against CCO in penny stock scheme raise question …
4 days ago · A recent complaint by the Securities and Exchange Commission (SEC) against the chief compliance officer of a Chicago-based investment firm contains some of the most worrisome examples of how CCOs can be found liable for misconduct at their firm. The CCO at Arete Wealth Advisors allegedly “aided ...
Walgreens ducked compliance, filled fake opioid prescriptions, …
4 days ago · Walgreens skimped on compliance and filled millions of prescriptions for narcotics that weren’t medically necessary, the Department of Justice (DOJ) alleged in a complaint against the company, first brought by four whistleblowers. The U.S. has been in the grip of a massive opioid addiction ...
GRC Conferences, Seminars & Events - Compliance Week
Compliance Week National April 28-30 | Washington, D.C. Back for it's 20th year, join 500+ compliance, ethics, legal, and audit professionals who gather to benchmark best practices and gain the latest tactics and strategies to enhance their compliance programs.
Trump gives TikTok 75-day reprieve after ban goes into effect
4 days ago · President Donald Trump signed an executive order Monday delaying the Department of Justice (DOJ) from enforcing the long-awaited TikTok ban. While the social media platform's fate is still up in the air, Trump signaled his support for it being sold, with the U.S. as a "partner."
Experts say DORA compliance not coming easy as more firms pass …
3 days ago · New rules have come into effect across the European Union to promote better cybersecurity and IT resilience across the financial services sector, but experts warn that compliance is likely to be patchy and regulatory enforcement across the bloc perhaps even patchier. The EU’s Digital Operational ...