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Everything Compliance

Episode 70, the Holiday Edition


Welcome to the only roundtable podcast in compliance. Today, we have the full quintet of Jonathan Armstrong, Jay Rosen, Jonathan Marks, Matt Kelly and Mike Volkov for a deep dive into plethora of topics in this special holiday edition. We end with a veritable mélange of rants and shouts outs.

  1. Jonathan Armstrong data privacy issues related return to work in the new year after most employee spent 2020 working from home. Armstrong shouts out the scientist who spearheaded the research which has led to the Covid vaccines.
  1. Jay Rosen looks at what a company needs to do to get through a monitorship. Jay rants about the San Francisco 49ers leaving California to play in one of the country’s biggest Covid-19 hot spots, Arizona.
  1. Matt Kelly considers the changes in enforcement, policy and focus in the SEC and other regulatory agencies under the Biden Administration. Matt shouts out to Georgia Secretary of State Brad Raffensperger who has withstood criminal actions by the Trump Administration to secure a fair vote from Georgia.
  1. Mike Volkov looks at the Vitol FCPA settlement and how it may portend greater inter-agency cooperation in corruption and anti-competitive enforcement actions. Volkov rants about Gary Cohen, former head of Goldman Sachs and his refusal to allow the Goldman mandated clawbacks for the firm’s 1MDB corruption and fraud.
  1. Jonathan Marks looks at Board of Directors and sees the Dunning-Kruger Effect of over confidence and lack of self-awareness in many areas of corporate governance. Marks rants about the NLF not giving a flip about player safety around Covid-19 all the while moving games without any thought to competition.
  1. Tom Fox gives a bittersweet shout out David Prowse who recently died. Prowse was the first actor to play Darth Vader albeit voiced by James Earl Jones. 

The members of the Everything Compliance are:

  • Jay Rosen– Jay is Vice President, Business Development Corporate Monitoring at Affiliated Monitors. Rosen can be reached at JRosen@affiliatedmonitors.com
  • Mike Volkov – One of the top FCPA commentators and practitioners around and the Chief Executive Officer of The Volkov Law Group, LLC. Volkov can be reached at mvolkov@volkovlawgroup.com
  • Matt Kelly – Founder and CEO of Radical Compliance. Kelly can be reached at mkelly@radicalcompliance.com
  • Jonathan Armstrong –is our UK colleague, who is an experienced data privacy/data protection lawyer with Cordery in London. Armstrong can be reached at armstrong@corderycompliance.com
  • Jonathan Marks is Partner, Firm Practice Leader – Global Forensic, Compliance & Integrity Services at Baker Tilly. Marks can be reached at marks@bakertilly.com

The host and producer (and sometime panelist) of Everything Compliance is Tom Fox the Voice of Compliance. He can be reached at tfox@tfoxlaw.com. Everything Compliance is a part of the Compliance Podcast Network.

Categories
Compliance Into the Weeds

Compliance into the Weeds: Episode 133-Facebook Settlement

Compliance into the Weeds is the only weekly podcast which takes a deep dive into a compliance related topic, literally going into the weeds to more fully explore a subject. In this episode, Matt Kelly (the coolest guy in compliance) and I go into the weeds to explore recent Facebook settlement with the SEC and the FTC. We also explore what the new DOJ antitrust investigation may portend going forward.
Some of the highlights include:

  • This is now the second SEC settlement under this fact pattern.
  • The SEC settlement was three times the amount of the Yahoo settlement.
  • Did the FTC settle too low (or too high)?
  • Is Facebook prevented from doing anything going forward?
  • What is the impact if any on the stock price? Does the market even care?
  • Is the DOJ antitrust investigation simply a politically motivated attack?
  • Has the administration thought through the implications of its antitrust investigations?

For further reading on Conn’s see Matt’s blog posts: Facebook, Power and Antitrust Issues