Author: CC360 Staff

Matt Miner Headshot

Walmart Appoints Former DoJ Official to Top Compliance Job

MRetail giant Walmart has tapped a former Department of Justice official and prosecutor to lead its compliance department. It appointed Matt Miner to the role of global chief ethics and compliance officer. Miner will lead Walmart’s global compliance program and will report to Rachel Brand, the company’s executive vice president Read More

FINRA: Ensure Outsourced Activities Meet Regulatory Requirements

The Financial Industry Regulatory Authority (FINRA) issued a notice last week warning member firms of their obligation to maintain a supervisory system for business activities outsourced to third-party vendors. Financial firms are increasingly using third-party vendors to carry out their business and regulatory oversight functions, FINRA said in its notice. Read More

DoJ Bribery Unit Head Vows to Look ‘Under the Hood’ of Compliance Depts.

The U.S. Justice Department has appointed David Last as head of the Foreign Corrupt Practices Act unit, a high-profile division that investigates and prosecutes bribery cases. Last had served as acting chief of the FCPA unit since April 2020 and will now hold the position on a permanent basis. The Read More

Pearson to Pay $1 Million for Misleading Investors on Data Breach

Educational publishing and software company Pearson has agreed to pay $1 million to settle charges that it misled investors on the details of a 2018 data breach, the Securities and Exchange Commission announced yesterday. According to the SEC, London-based Pearson made misleading statements and omissions to investors about a cyber-attack Read More

Survey: Engaged Boards Enabled Greater Compliance Outcomes During Pandemic

A new survey of compliance professionals indicates that strong, supportive communication with the board of directors can strengthens ethics and compliance programs, especially in navigating the tricky landscape of the pandemic. This year’s second Ethics & Compliance Program Effectiveness Report, published by compliance education firm LRN, examined the role and Read More

Whistle

SEC to Revise Dodd-Frank Whistleblower Rewards Rules

The Securities and Exchange Commission is looking to address regulatory roadblocks facing the Dodd-Frank Act’s whistleblower rewards program, with a focus on the related action rule. Gary Gensler said in a keynote address last month that the agency plans to address significant problems in the SEC’s whistleblower program that enable Read More

law degree

Survey: Compliance Officers With J.D. Receive Higher Compensation

A new survey found that compliance professionals who possess a law degree receive, on average, a significantly higher salary than their non-J.D. counterparts. The survey, conducted by legal recruiting firm BarkerGilmore between February to March 2021 from a random sample of U.S. compliance professionals, also found that the average annual Read More

Factory

EPA Includes PFAS in Toxic Release Data for the First Time

An annual Environmental Protection Agency report on toxins will include reporting on per-and polyfluoroalkyl substances (PFAS)—chemicals used in industrial and manufacturing processes around the globe—for the first time. Earlier this week, the EPA published preliminary Toxics Release Inventory (TRI) data about chemical releases, chemical waste management, and pollution prevention activities Read More