Tag: SEC

10 For 10: Top Compliance Stories For the Week Ending September 30, 2023

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Post date September 30, 2023
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Welcome to 10 For 10, the podcast that brings you the week’s Top 10 compliance stories in one podcast each week. Tom Fox, the Voice of Compliance, brings to you, the compliance professional the compliance stories you need to be aware of to end your busy week. Sit back, and in 10 minutes, hear about the stories every compliance professional should be aware of from the prior week. Every Saturday, 10 For 10 highlights the most important news, insights, and analysis for the compliance professional, all curated by the Voice of Compliance, Tom Fox. Get your weekly filling of compliance stories with 10 for 10, a podcast produced by the Compliance Podcast Network.

Menendez was indicted for accepting bribes. (NYT)
Polish visa selling scandal. (FT)
FTC going after PE for serial acquisitions. (FT)
FCA to crack down on firms bullying their employees. (WSJ)
Cognizant execs trial delayed. (Law360)
Indonesia vows to sue UK over Airbus settlement. (FT)
McKinsey to pay another $230MM for opioid settlement. (FT)
The US warns advisory services in China. (WSJ)
Chinese Deputy Bank head accused of bribery. (Reuters)
SBF looking at a ‘very long’ sentence. (Reuters)

You can check out the Daily Compliance News for four curated compliance and ethics-related stories each day, here.

Connect with Tom

Tags Airbus, Cognizant Technologies, corruption in China, FCA, FTC, FTX, Poland, SBF, SEC, Senator Robert Menendez

Daily Compliance News

Daily Compliance News: September 26, 2023 – The Deutsch Bank Fined Again Edition

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Post date September 26, 2023
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Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance brings to you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee, and listen in to the Daily Compliance News. All, from the Compliance Podcast Network. Each day we consider four stories from the business world, compliance, ethics, risk management, leadership, or general interest for the compliance professional.

Get on or off the train. (FT)
Menendez defiant. (ABC News)
De-risking in China. (FT)
Deutsch Bank fined for greenwashing. (WSJ)

Tags AML, China, Deutsch Bank, green washing, SEC, Senator Robert Menendez

10 For 10

10 For 10: Top Compliance Stories For the Week Ending September 23, 2023

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Post date September 23, 2023
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Welcome to 10 For 10, the podcast which brings you the week’s Top 10 compliance stories in one podcast each week. Tom Fox, the Voice of Compliance brings to you, the compliance professional, the compliance stories you need to be aware of to end your busy week. Sit back, and in 10 minutes hear about the stories every compliance professional should be aware of from the prior week. Every Saturday, 10 For 10 highlights the most important news, insights, and analysis for the compliance professional, all curated by the Voice of Compliance, Tom Fox. Get your weekly filling of compliance stories with 10 for 10, a podcast produced by the Compliance Podcast Network.

3M penalized again, this time for sanctions violations. (WSJ)
Illinois Supreme Court brings the hammer down on lawyers. (Reuters)
Mozambique can pursue tuna boat scandal losses. (GAR)
SBF blasts his former lawyers. (NYT)
Qatargate prosecutors to be investigated. (Politico)
Another CEO ousted for sexual harassment. (WSJ)
SEC probes Musk corporate perks. (WSJ)
CBRE busted over pre-taliation. (Radical Compliance)
FTX sues SBF’s parents. (FT)
US Treasury Sec wants to tackle Nigerian corruption. (Bloomberg)

You can check out the Daily Compliance News for four curated compliance and ethics related stories each day, here.

Connect with Tom

Tags 3M, CEOs behaving badly, FTX, pre-taliation, Qatargate, SBF, SEC, tuna boat scandal

GalloCast

GalloCast: Episode 11 – CEOs Behaving Badly

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Post date September 22, 2023
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Welcome to the GalloCast. You have heard of the Manningcast in football. Now we have the Gallocast in compliance. The two top brothers in compliance, Nick and Gio Gallo, come together for a free-form exploration of compliance topics. It is a great insight on compliance brought to you by the co-CEOs of ComplianceLine. Fun, witty, and insightful with a dash of the two brothers throughout. It’s like listening to the Brothers Gallo talk compliance at the Sunday dinner table. Hosted by Tom Fox, the Voice of Compliance.

Football season returns to this brings another season of the GalloCast. Nick and Gio are both known for their outspoken nature and deep understanding of workplace dynamics, CEO-worker relationships, and ethical decision-making. Nick believes in the importance of ethical sourcing, labor and social responsibility, and community engagement in creating a beneficial workplace environment. He emphasizes the role of the compliance and ethics team in ensuring ethical practices and the balance between self-interest and the well-being of employees and stakeholders. On the other hand, Gio stresses the importance of authenticity and cultural change in improving workplace dynamics. He believes that a mere change in name or logo is not enough, there needs to be an authentic push by leadership to build a culture of integrity. Join Tom Fox and the Gallo brothers, Nick and Gio, on this episode of the GalloCast.

Key Highlights

· Do workers need to see pain?

· CEOs behaving badly. 2 top CEOs resign for having affairs with subordinates or outright harassment. Rubiales resigns.

· Huge oil field discovered of Namibia. How should a company prepare?

· SEC probes Musk corporate perks.

· CBRE busted over pre-taliation. Why having the right contract language is important.

· Will a name change for SNC-Lavalin help it overcome its corrupt past?

· SCCE. What are you expecting?

Resources

Nick Gallo on LinkedIn

Gio Gallo on LinkedIn

Ethico

Tom Fox

Connect with me on the following sites:

Tags CEOs, culture, Elon Musk, SCCE, SEC, Speak Up

10 For 10

10 For 10: Top Compliance Stories For the Week Ending September 16, 2023

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Post date September 16, 2023
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Turkish fraud sentenced to 11,196 years in prison. (BBC)
EU has massive money-laundering problem.(AML Intelligence)
Will a name change for SNC-Lavalin help it overcome its corrupt past? (Bloomberg)
Rubiales resigns. (ESPN)
Australian tycoon says workers need to see pain to return them to subservience. (BBC)
BP CEO resigns for lying about ‘multiple’ relationships with employees. (com)
Businesses should disclose China risks. (WSJ)
DOJ ramps up National Security enforcement resources. (WSJ)
No timeline for climate disclosure from SEC. (WSJ)
New pod on corruption. (Dirty Deeds)

You can check out the Daily Compliance News for four curated compliance and ethics related stories each day, here.

Connect with Tom

Tags AML, CEOs behaving badly, China, DOJ, EU, fraud, Jay Clayton, Luis Rubiales, SEC, SNC-Lavalin, Turkey

2 Gurus Talk Compliance

2 Gurus Talk Compliance – Episode 13 – The FCA Speaks Edition

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Post date September 15, 2023
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What happens when two top compliance commentators get together? They talk compliance, of course. Join Tom Fox and Kristy Grant-Hart in 2 Gurus Talk Compliance as they discuss the latest compliance issues in this week’s episode! In this episode, Tom and Kristy take on a wide variety of topics, including a visit to Florida Man.

In the world of business, compliance and investigation protocols play a crucial role in ensuring fairness, consistency, and institutional justice. Organizations need to establish robust frameworks to handle incidents effectively and mitigate risks. In this episode of 2 Gurus Talk Compliance, a new investigation by the FCA in the UK, Rubiales resigns (finally), an interesting cyber compliance enforcement action, and Roger Ng. Kristy takes the lead in highlighting a new DOJ Opinion Release. Join them as they delve deeper into this topic on this episode of the 2 Gurus Talk Compliance podcast.

Highlights Include:

1. Insufficient cyber plan = FCA violation. (DOJ Press Release)

2. Roger Ng banned for life. (YaHooFinance)

3. FASB adopts crypto accounting rules. (WSJ)

4. Ken Paxton and slow creep of corruption. (Texas Tribune)

5. Rubiales resigns. (NYT)

6. U.K. Financial Regulator to Review Bank Treatment of Politically Exposed Persons (WSJ)

7. FCPA Opinion Release Provides Guidance on Payment of Travel and Other Expenses for Foreign Government Officials (Volkov)

8. AI in Employment: Privacy Regulation Is Here (PLI Chronicles/Gibson Dunn)

9. Is It Time to Update Your Company’s Dress Code? What ‘Business Casual’ Means Today (Inc.)

10. Florida man banned from the ocean after trying to sail homemade hamster wheel (local news)

Resources

Kristy Grant-Hart on LinkedIn

Tom

Tags DOJ, FASB, FCA, Florida Man, Ken Paxton Impeachment, Roger Ng, SEC

Daily Compliance News

Daily Compliance News: September 13, 2023 – The Dirty Deeds Edition

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Post date September 13, 2023
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Businesses should disclose China risks. (WSJ)
DOJ ramps up National Security enforcement resources. (WSJ)
No timeline for climate disclosure from SEC. (WSJ)
New pod on corruption. (Dirty Deeds)

Tags China, climate disclosure, corporate crime, corruption, DOJ, SEC

Everything Compliance

Everything Compliance – Episode 123, The Spanish Kiss Edition

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Post date September 7, 2023
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Welcome to the only roundtable podcast in compliance as we celebrate our second century of shows. In this episode, we have the quartet of Jay Rosen, Jonathan Armstrong, Matt Kelly and Karen Woody, with Tom Fox hosting. We conclude with our always popular and fan fav Shout Outs and Rants.

1. Matt Kelly looks at the new SEC requirement for companies to improve their risk assessments and attendant processes. He rants about the US Federal Courts not allowing television cameras and says we need the Trump trials televised in federal courts.

2. Karen Woody reviews Opinion Release 23-01. She shouts out to the Barbie movie.

3. Tom Fox shouts out to Megan Rapinoe for great professional career and her social activism while a member of the USWNT.

4. Jay Rosen looks at the imbroglio surrounding the Spanish National football team after its Women’s World Cup win. Rosen shouts out SOCAR, the South Orange County Compliance and Ethics Roundtable.

5. Jonathan Armstrong considers the NATS air traffic debacle and operational resilience. He shouts out Sgt. Graham Saville who lost his life helping a person in distress.

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

• Karen Woody – One of the top academic experts on the SEC. Woody can be reached at kwoody@wlu.edu

• 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 jonathan.armstrong@corderycompliance.com

• Jonathan Marks can be reached at jtmarks@gmail.com.

The host and producer, ranter (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.