Regulation & Compliance: Page 13
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xdfolio. "Policies Standards Compliance" [Illustration]. Retrieved from Pixabay.
Trump Moves to Boost Medical Supply Production
President Donald Trump said Wednesday he will invoke the Defense Production Act to step up production of medical equipment to combat the coronavirus outbreak.The DPA was enacted in 1950 to help the U.S. mobilize for the Korean War. A day after balking at invoking it — saying, “We hope we don’t ne...
By Matthew Heller • March 18, 2020 -
xdfolio. "Policies Standards Compliance" [Illustration]. Retrieved from Pixabay.
Did Your Contract Anticipate the Arrival of Coronavirus?
For CFOs, anticipating the “known unknowns,” or unforeseen events that could impact business performance, is a fact of life. In a global economy, where organizations are dependent on their overseas suppliers, these events now include diseases and quarantines, such as the coronavirus.Last December...
By David McCann • March 5, 2020 -
xdfolio. "Policies Standards Compliance" [Illustration]. Retrieved from Pixabay.
High Court Hears Dispute Over ‘Ill-Gotten Gains’
The U.S. Supreme Court is considering whether the Securities and Exchange Commission may force defendants accused of defrauding investors to disgorge their ill-gotten gains.At a hearing on Tuesday, the justices appeared skeptical that the SEC exceeded its authority by obtaining a disgorgement ord...
By Matthew Heller • March 4, 2020 -
xdfolio. "Policies Standards Compliance" [Illustration]. Retrieved from Pixabay.
Cardinal Health Fined $8M for FCPA Violations
Cardinal Health has been fined $8.8 million for its role in a bribery scheme aimed at boosting the sales of a European skincare company for which it was the exclusive distributor in China.According to the U.S. Securities and Exchange Commission, employees of Cardinal China used its marketing acco...
By Matthew Heller • March 2, 2020 -
xdfolio. "Policies Standards Compliance" [Illustration]. Retrieved from Pixabay.
Cboe ‘Speed Bump’ Runs Into SEC Road Block
The U.S. Securities and Exchange Commission has rejected a controversial rule change that would have allowed Cboe Global Markets to put a split-second “speed bump” in the way of an ultrafast trading strategy known as “latency arbitrage.”Cboe in June proposed delaying incoming executable orders on...
By Matthew Heller • Feb. 24, 2020 -
xdfolio. "Policies Standards Compliance" [Illustration]. Retrieved from Pixabay.
Wells Fargo Fined $3B Over Fake-Accounts Scandal
Wells Fargo has agreed to pay $3 billion to resolve criminal and civil liabilities arising from its fake-accounts but its legal troubles may be far from over.The deal announced on Friday applies to a Department of Justice criminal investigation of Wells Fargo for falsifying bank records and ident...
By Matthew Heller • Feb. 24, 2020 -
xdfolio. "Policies Standards Compliance" [Illustration]. Retrieved from Pixabay.
Barr Questions Lawsuit Immunity for Tech Firms
U.S. Attorney General William Barr has questioned whether operators of online platforms should continue to be protected from being sued over content posted by their users.According to Barr, Section 230 of the Communications Decency Act, which provides immunity from liability for providers of an i...
By Matthew Heller • Feb. 20, 2020 -
xdfolio. "Policies Standards Compliance" [Illustration]. Retrieved from Pixabay.
Attacked by Ransomware, Many Companies Opt to Pay Up
It’s like the plot of a James Bond movie: Hackers take control of a global organization’s computer systems and threaten to destroy its records, steal its intellectual property, and drain its bank accounts unless a hefty ransom is deposited into an untraceable offshore bank account by the end of t...
By David McCann • Feb. 14, 2020 -
xdfolio. "Policies Standards Compliance" [Illustration]. Retrieved from Pixabay.
Coronavirus Crimps Supply Chains, May Harm World Economy
Coronavirus may not ultimately infect 60% of the world’s population, as a leading public health expert controversially suggested on Tuesday. But it’s growing increasingly likely to trigger serious economic consequences worldwide.Dun & Bradstreet estimates in a new report that if a vaccine for...
By David McCann • Feb. 13, 2020 -
xdfolio. "Policies Standards Compliance" [Illustration]. Retrieved from Pixabay.
Facebook Settlement May Trigger More Privacy Laws
Facebook’s recent $550 million settlement of a class-action lawsuit in Illinois over alleged privacy violations may lead to a wave of privacy legislation across the country.The largest-ever cash settlement resolving a privacy-related issue will establish a fund to be shared by Illinois Facebook u...
By David McCann • Feb. 11, 2020 -
xdfolio. "Policies Standards Compliance" [Illustration]. Retrieved from Pixabay.
Don’t Try to Improve Weak Areas; Outsource Them
When I was a young Navy officer I was taught two guiding principles about leadership: (1) leave things better than you found them; and (2) incorporate best practices of managers you encounter during your career, adapting them to your own style to become a stronger leader.Both were about not only ...
By David McCann • Feb. 10, 2020 -
xdfolio. "Policies Standards Compliance" [Illustration]. Retrieved from Pixabay.
Don’t Discount Secondhand Whistleblower Reports
Which employee whistleblower hotline report would you trust more — one with firsthand knowledge of alleged conduct, from someone who was involved in it or observed it? Or one based on secondhand information, from someone who was told about conduct, overheard it, or accidentally found a document o...
By David McCann • Feb. 7, 2020 -
xdfolio. "Policies Standards Compliance" [Illustration]. Retrieved from Pixabay.
Solar Firm Owners Charged With ‘Massive’ Fraud
A California couple have been charged with orchestrating a “massive” Ponzi scheme that collected nearly $1 billion from investors in their solar company.Jeff Carpoff, President and CEO of DC Solar The U.S. Securities and Exchange Commission said Jeff Carpoff and his wife Paulette promised investo...
By Matthew Heller • Jan. 27, 2020 -
xdfolio. "Policies Standards Compliance" [Illustration]. Retrieved from Pixabay.
The Soft Benefits of Truck Fleet Upgrades
The many companies that transport goods, such as food distributors, grocery companies, retailers, and oil-and-gas transporters, can realize significant savings by replacing older, less-efficient trucks that cost more to operate and produce harmful emissions.According to the most recent truck life...
By David McCann • Jan. 22, 2020 -
xdfolio. "Policies Standards Compliance" [Illustration]. Retrieved from Pixabay.
Final Arguments Made Over T-Mobile, Sprint Deal
An antitrust lawsuit over the proposed mega-merger between T-Mobile and Sprint is now in the hands of a federal judge after an attorney for more than a dozen states called the deal “presumptively anticompetitive.”U.S. District Judge Victor Marrero of New York heard final arguments Wednesday in th...
By Matthew Heller • Jan. 16, 2020 -
xdfolio. "Policies Standards Compliance" [Illustration]. Retrieved from Pixabay.
Cyber Incidents Ranked as No. 1 Business Risk
Cyber incidents are now the No. 1 business risk facing corporations, moving to the top of insurer Allianz’s annual list, which also showed climate change reaching its highest ranking.According to the Allianz Risk Barometer for 2020, 39% of respondents to its ninth annual survey of risk experts id...
By Matthew Heller • Jan. 14, 2020 -
xdfolio. "Policies Standards Compliance" [Illustration]. Retrieved from Pixabay.
U.S. Pushes Voluntary Guidelines for AV Industry
The Trump administration has unveiled updated guidelines for self-driving vehicles, saying it wanted to encourage innovation without compromising safety.In the so-called AV 4.0 guidance released on Wednesday, the Department of Transportation said it will adopt and promote “flexible, technology-ne...
By Matthew Heller • Jan. 9, 2020 -
xdfolio. "Policies Standards Compliance" [Illustration]. Retrieved from Pixabay.
8 Ways to Shore Up Cybersecurity Agreements
Most businesses have realized the risks posed by and to their data. Some experience significant operational interruptions after data breaches. The litigation they face as a result directly impacts their bottom line.Below are eight tips for protecting a company’s finances through better negotiatio...
By Charles Russman • Dec. 30, 2019 -
xdfolio. "Policies Standards Compliance" [Illustration]. Retrieved from Pixabay.
The Most Notorious Rogue Employee Speaks
Edward Snowden, who has the distinction of having stolen data from the most secure database in the world, has written a book. Called “Permanent Record,” it describes his exploits while employed by the U.S. National Security Agency.Snowden’s prodigious technical skills allowed him access to the NS...
By David McCann • Dec. 23, 2019 -
xdfolio. "Policies Standards Compliance" [Illustration]. Retrieved from Pixabay.
Five IT Workers Charged in Insider Trading Ring
A former IT administrator at Palo Alto Networks has been charged with tipping off friends in advance of the cloud-computing company’s quarterly earnings announcements as part of an insider trading ring that made more than $7 million in illegal profits.Federal authorities said Janardhan Nellore wa...
By Matthew Heller • Dec. 18, 2019 -
xdfolio. "Policies Standards Compliance" [Illustration]. Retrieved from Pixabay.
Ericsson to Pay $1B in 2nd-Largest FCPA Case
In one of the costliest corruption cases ever brought against a U.S.-listed company, telecom equipment maker Ericsson has been fined more than $1 billion for engaging in bribery and other illegal practices to win business in five countries.As part of a settlement with the U.S. Department of Justi...
By Matthew Heller • Dec. 9, 2019 -
xdfolio. "Policies Standards Compliance" [Illustration]. Retrieved from Pixabay.
Spinoff Sues Honeywell Over Asbestos Liabilities
The turbocharger maker that was spun off from Honeywell last year has sued the conglomerate over asbestos liabilities it says could drive it into “severe financial distress.”Garrett Motion had agreed to reimburse Honeywell for 90% of liabilities arising from exposure to asbestos in Bendix automot...
By Matthew Heller • Dec. 3, 2019 -
xdfolio. "Policies Standards Compliance" [Illustration]. Retrieved from Pixabay.
SEC Charges Former MiMedx Execs With Fraud
Three former top executives of MiMedx Group have been charged with orchestrating an accounting fraud that enabled the biotech firm to inflate sales to distributors with which it had entered into secret side arrangements.The U.S. Securities and Exchange Commission said the “pervasive” fraud that l...
By Matthew Heller • Nov. 27, 2019 -
xdfolio. "Policies Standards Compliance" [Illustration]. Retrieved from Pixabay.
Ex-Outcome Health Execs Charged With Fraud
Three former top executives of Outcome Health, including the CFO, have been charged with engaging in a “massive” revenue recognition fraud to raise nearly $500 million for the healthcare advertising company from investors.The charges announced on Monday against CEO Rishi Shah, President Shradha A...
By Matthew Heller • Nov. 26, 2019 -
xdfolio. "Policies Standards Compliance" [Illustration]. Retrieved from Pixabay.
Whistleblower Tips to SEC Top 5,200 in FY 2019
The U.S. Securities and Exchange Commission’s whistleblower program received the second-highest number of tips in its history in fiscal 2019 as it passed the $2 billion mark for sanctions in enforcement matters resulting from tips.In its annual report to Congress on the program, the SEC said it f...
By Matthew Heller • Nov. 19, 2019
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