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The United States Securities and Exchange Commission (SEC) has ordered (14 July 2014) Ernst & Young (EY) to pay more than US$4 million to settle charges that it breached auditor independence rules.

Published in Conflicts of Interest

The United States Equal Employment Opportunity Commission (EEOC) has published Enforcement Guidance on Pregnancy Discrimination and Related Issues (14 July 2014), with accompanying questions and answers and a fact sheet for small businesses (both undated).

The United States Department of Labor's wage and hour division (WHD) has announced that recruitment agency B&D Contracting has agreed to pay 1,543 current and former welders, pipe fitters and shipfitters a total of US$1,660,438 in backwages after denying them overtime compensation as a result of "improper pay and record-keeping practices".

Ski Equipment Makers Settle Antitrust Charges

16 Jul 2014
Written by World Watch

The United States Federal Trade Commission (FTC) has announced that it has approved final orders barring a number of ski equipment manufacturers from engaging in specified anticompetitive conduct (both dated 3 July 2014).

Published in Competition

Financial services provider Citigroup has announced that it has reached a US$7 billion settlement with several United States authorities in relation to "[residential mortgage-backed securities (RMBS)] and collateralized debt obligations (CDOs) issued, structured or underwritten by [Citigroup] between 2003 and 2008".

Published in Financial Integrity

Leslie Caldwell, who commenced in the role of Assistant Attorney General for the United States Department of Justice criminal division in June 2014, has stated her intent to prioritise the combating of cybercrime.

Published in Information Security

The United States Federal Energy Regulatory Commission (FERC) has made available an order (7 July 2014) (the Order) approving an agreement (attached to the Order) under which Arizona Public Service Company (APS) is to pay a US$3.25 million civil penalty and meet compliance requirements to resolve regulators' investigations into APS's involvement in the 2011 blackout that affected approximately five million individuals in the US Southwest.

The United States Federal Bureau of Investigation (FBI) and the US Attorney's Office (USAO) for the Northern District of Georgia has announced that two former executives of infant and children's clothing company Carter's and a New York-based hedge fund manager have been sentenced to imprisonment for insider trading offences involving Carter's stock.

Published in Insider Trading

The Office of the Privacy Commissioner of Canada (OPCC) published Insurance company overhauls its security safeguards following privacy breach (3 March 2014) on 2 July 2014, a report of findings under the Personal Information Protection and Electronic Documents Act.

Published in Information Security

The United States Department of Justice (DoJ) has announced that RE/MAX Allegiance Relocation Services (RE/MAX) has agreed to pay US$509,000 to settle allegations that it breached the False Claims Act by overcharging the government under "contracts to transport [the] personal property of federal employees relocating duty stations within [the US] and between [the US] and Canada".

Published in Government Contracting
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