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Daily Compliance News

July 11, 2022 the Musk Pulls Out edition


In today’s edition of Daily Compliance News:

  • Musk cancels Twitter purchase? (WSJ)
  • Defendants walk on DOJ price-fixing case. (Law360)
  • SEC wants more disclosures on Ukraine War impact. (Reuters)
  • FIFA chiefs found not guilty. (ESPN)
Categories
Daily Compliance News

June 7, 2022 the Taser on a Drone Edition


In today’s edition of Daily Compliance News:

  • Musk threatens to end Twitter deal. (WSJ)
  • Crypto insider charged with insider trading. (NYT)
  • Toshiba BOD conflicts breaks into the open. (Reuters)
  • Taser maker halts drone project as ethics panel members resign. (Reuters)
Categories
Daily Compliance News

May 28, 2022 the Market Manipulation Edition

In today’s edition of Daily Compliance News:

  • Glencore says its revamped its compliance program. (WSJ)
  • Apple supplier workers revolt against Chinese lockdown. (Bloomberg)
  • Twitter investors sue Musk over market manipulation. (Reuters)
  • New CCO individual liability? (Law360)
Categories
Daily Compliance News

May 26, 2022 the Domestic Corruption Edition


In today’s edition of Daily Compliance News:

  • FTC fines Twitter $150MM. (NPR)
  • Shocking sanitary conditions at shut down baby formula plant. (NYT)
  • Illinois corruption probe yields secret recordings. (The Center Square)
  • Disney drawn into Anaheim corruption probe. (WSJ)
Categories
The Woody Report

Elon Musk and Twitter

Welcome to The Woody Report where, Washington & Lee, School of Law Associate Professor Karen Woody and host Tom Fox discuss issues on white collar crime, compliance issues, international corruption, securities and accounting fraud, and internal corporate investigations. From current events to topical issues to academic research and thought leadership, Karen Woody helps lead the discussion of these issues on the new and exciting podcast. Today Karen talks about the continuing tale of Elon Musk and his actions to purchase Twitter stock before he declined a Board seat and he concluded an agreement to purchase the company.

Resources

Karen Woody on LinkedIn

Karen Woody at Washington & Lee, School of Law

Karen Woody breaks down some of the history between Musk and the SEC.

Categories
Everything Compliance

Episode 100, the Ukraine Invasion Edition


Welcome to the only roundtable podcast in compliance as we celebrate our 100 show. In 2021, Everything Compliance was honored by W3 as a top talk show in podcasting. In this episode, we have the quintet of Jay Rosen, Jonathan Marks, Tom Fox, Jonathan Armstrong and Matt Kelly. We focus on changes to compliance and businesses in the wake of the Russian invasion of Ukraine. We begin with a special Breaking News segment of Elon Musk putting his Twitter purchase ‘on hold’. We conclude with our fan favorite Shout Outs and Rants.

1. Jay Rosen what the Russian invasion of Ukraine means for business ventures for countries in the West. Rosen shouts out Christopher Flores and Robert Moran, the first time pilot who had to take over the landing of a plane when the pilot fell ill and Robert Morgan, the air traffic controller who talked him down to a safe landing.

2. Matt Kelly takes a deep dive into the Stericycle FCPA enforcement action.  Kelly rants about Moderna and its hiring of the new CFO for one day and wonders if releasing news of the prior company’s accounting fraud investigation could have been disclosed.

3. Jonathan Marks explores the changes the conflict has wrought for ESG. Marks also rants about Moderna which fired its CFO after one day on the job, asking did Moderna  perform any due diligence.

4. Tom Fox looks the changes in the National Security issues for ABC, AML and export control. Fox rants about Justice Alito who wants to take American culture, legal rights and jurisprudence back to the 18th century English law.

5. Jonathan Armstrong explores the changes the conflict has wrought for ESG. Armstrong shouts out to Ivy Williams and Helena Normanton, the first two women barristers in the United Kingdom.

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 is Partner, Firm Practice Leader – Global Forensic, Compliance & Integrity Services at Baker Tilly. Marks can be reached at jonathan.marks@bakertilly.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.

Categories
Daily Compliance News

May 18, 2022 the SCt Makes Corruption Easier Edition


In today’s edition of Daily Compliance News:

  • Supreme Court makes corruption easier. (WaPo)
  • Musk wants clarity before moving forward. (NYT)
  • Zuma trial delayed again. (YaHooNews)
  • Guatemalan AG involved in corruption. (BBC)
Categories
Daily Compliance News

May 14, 2022 the On Hold Edition


In today’s edition of Daily Compliance News:

  • Just as Matt Kelly predicted, Musk Twitter bid ‘on hold’. (NYT)
  • DOT announces more sanctions against Russian shell companies. (WSJ)
  • Moderna said it ‘didn’t know’. (WSJ)
  • SEC moving towards regulations on stablecoin. (Reuters)
Categories
Daily Compliance News

May 11, 2022 the Musk Tweets Reckless Edition


In today’s edition of Daily Compliance News:

  • Expect more Russia sanctions. (WSJ)
  • Musk tweets found reckless. (Bloomberg)
  • Platform identifying global maritime corruption risks launched. (SeaTrade Maritime News)
  • Musk to invite Trump back on Twitter. (RNYT)
Categories
Daily Compliance News

May 9, 2022 the Business Travel Rebounds Edition


In today’s edition of Daily Compliance News:
·      A Virtual currency put on sanctions list. (WSJ)
·      Business travel rebounds. (Bloomberg)
·      Feds move to seize Armenian politician mansion in LA.  (LATimes)
·      Twitter shareholders sue to stop Musk purchase.  (Reuters)