OneMain is a sub-prime lender operating in 44 US states, with a reported turnover of $4.37 billion in annual revenue in 2021. An audit carried out by the DEPARTMENT OF FINANCIAL SERVICES found deficiencies…
Month: June 2023
SEC Institutes cease-and-desist proceedings against Gartner
The Commission found that Gartner violated the anti-bribery, books and records, and internal accounting control provisions of the Foreign Corrupt Practices Act of 1977 (FCPA) as a result of a scheme to…
Microsoft required to pay $20 million to settle FTC allegations that it unlawfully collected personal data from children without their parents’ consent.
Microsoft will pay $20 million to settle Federal Trade Commission charges that it violated the Children’s Online Privacy Protection Act (COPPA) by collecting personal information from children who signed up to its…
Florida Chief Compliance Officer Convicted by federal jury for $50 million Medicare fraud
A federal jury has convicted Steven King, 45, of conspiracy to commit health care fraud and wire fraud. King, the chief compliance officer of a pharmacy holding company, fraudulently billed Medicare over…
US FINTECH Firm Expands Policy & Regulatory Advisory Board to Keep up With Changing Regulation
Synapse Expands Policy & Regulatory Advisory Board
US based Healthcare Provider AIS Appoints New Deputy Chief Compliance Officer From Cigna Health
AIS Healthcare Announces New Hire to Legal Team
UGI Appoints Kathleen Shea Ballay as General Counsel; Monica Gaudiosi to Retire
Kathleen Shea Ballay has been appointed General Counsel and Chief Legal Officer, UGI Corporation effective on June 12. Monica Gaudiosi is retiring as UGI’s Vice President, General Counsel, and Secretary, but will…
New Private equity Firm appoints new Chief Compliance Officer, Among Several Senior Appointments
Dextra Partners Expands Team with Five Key Hires
US SEC Issues Administrative Order Against Former President and Director of Casablanca Mining for Investment Fraud
“Rather than allow the markets to set the prices of the companies’ securities through the natural interplay of supply and demand, the Defendant engaged in numerous practices aimed at misleading the market to increase and maintain artificially high prices so that he and others could sell of their holdings for substantial gains.”
Recovery plan for central counterparties: French financial service regulator AMF formally aligns to ESMA recovery plan metrics and scenarios guidelines from May 23
The AMF has updated its doctrine with DOC-2023-04, implementing ESMA guidelines on recovery plan indicators and scenarios for clearing houses. These guidelines aim to regulate central counterparties and assist authorities in assessing their recovery plans. The guidelines apply under the “comply or explain” procedure starting May 24, 2023.