#compliance

My team has 12 people and only 7 showed up at the office today. A lot of people are hoping that they will just get away with it.

I saw some noise about “whistle -blowing” on coworkers for “off-channel” communication. Just so everyone’s on the same page, here’s what actually counts according to FINRA/SEC — and what doesn’t.

What off-channel rules are really about:
They’re meant to stop sensitive business communications (like client details, financial transactions, confidential company info) from happening on unapproved apps (WhatsApp, iMessage, personal email, etc.), because regulators require those to be monitored and archived.

What does not fall under off-channel:
• Layoff discussions: Talking with coworkers about who was laid off or how it happened is a protected right, not an off-channel violation.
• Leadership narratives: Pointing out inconsistencies in company/GP messaging is workplace discussion, not regulated business communication.
• Gossip/personal chatter → Not business communication, no compliance issue.
• Sharing Information or organizing → 100% protected by labor law. Companies cannot punish or monitor you for this, no matter the platform.
• General job updates (“I’ve been swamped with calls today”) → Not regulated business activity.

If someone suggests you can’t talk to coworkers online or that you’ll get in trouble for discussing your rights, that’s a scare tactic. Don’t confuse compliance rules with attempts to silence employees. If they try to take action against employees that share information this falls under retaliation.

Bottom line: Off-channel rules exist for business compliance, not for controlling everyday conversations or stopping employees from organizing.

Money was never and will never be my God.

We have a someone in our team who is director in Digital space and he has hired his wife few years ago and both of them work in the same team. How is that allowed ?
Can we complaint to HR ?

How many people work in Corporate Compliance? Are these people necessary or are they basically chimpanzees? Does anyone from CC ever get in trouble when bad things happen? Do they have any real authority or is it just imagined authority so they can keep us safe from the boogie-man?

Axe yourself these questions when you hear about layoffs in Compliance later this week.

Another garbage article on the importance of business integrity. The how does not matter with this company. If it did, I wouldn't be told by my managers to lie on my work order reporting on a daily basis. In order to avoid taking hits on their ISP numbers , EVERYTHING is the customer's fault. Bad switch, CE. Unit train in the way because of no power , CE. No room to spot cars because we didn't pull their loads because of bad power , CE. Everything is the customer's fault. Recrewing trains, call a fake power move. Lies upon lies upon lies.

To switch things up. I have a question. I'm not ELT, not a GP, nor high ranking DL. I'm just a professional associate in my 30s with 15 years experience at this firm and industry. I am in FA facing role, so we have most likely have spoken.

I am curious to what the field actually wants HQ to look like or be. I'm sure you have answered, but I'm not in a position to see those answers. Since this is all anonymous, I figured I could get good perspective. Are service areas still valued? Or should HQ just provide tools and tech, then you at the branch will perform the OPs work?

Should the firm abandon compliance and legal and push risk onto each individual branch?

I know you FAs give up a big portion of pay, so I am just curious and how you envision a Home Office environment if one at all?

After Tuesday things are changing. Maybe for the HQ associates still around, the answers you provide could help. I know I don't mind constructive criticism. But we ultimately have an HR department, so we may not always hear real opinions. What are some real talking points and opinions from the field about HQ?

There are a couple of new stories out of California today.

1. Phillips has settled a wage theft case for ~$12 million. This involves requiring employees to dress out early without being paid, deducting pay for lunches even when the lunches were interrupted or not even started at.
2. The LA Refinery is “sitting on a lake of oil” from leaks over the years. So who is going to buy this land for redevelopment knowing this? It looks like P66 could have been money ahead by spending the money to make it competitive and continuing to operate it. Now they’re going to be paying for many years to clean it up.

Any good law firm recommendation that will fight on a contingency basis? Potentially looking at 7 figure settlement. Corruption and violation of law from senior management all the way to C level.

Well it finally happened! Someone called the anonymous hotline and reported the cheating that was going on with the test to get hired in Carlsbad. I really feel like anyone hired in the last year should have to retake the test without someone helping them and be fired if they can’t pass it. It’s pretty unfair that people missed out on a job opportunity to someone that cheated on the test.

When does a company need to file a WARN notice?

is this illegal? uhc uses vendor software from american companies. my team in india uses the software as a basis to build inhouse software. upper management at uhc (mostly american) and optum (mostly indian) migrate to the inhouse app and sunsets the vendor software.
i don't think it's a straight copy that's being done but the software is extremely similar.

the warning posts were correct, had a HR meeting this morning for my whole team we were laid off, I don't know which other teams or lacations where affected but heard 75 total laid off in KYC our team is only 13 people.

Washington State has adopted a "mini-WARN Act," joining other states with laws that require advance notice for certain layoffs. The piece falls under Employment Law & Compliance and is aimed at HR professionals needing to stay informed about evolving state-level labor regulations. It highlights the growing trend of state-level protections for workers, similar to the federal WARN Act, and indicates that employers in Washington will now have to meet specific notice requirements before conducting large-scale layoffs.

Enhanced monitoring/blocking for Wave 4 of Technology's Location Strategy is in place. All impacted employees will be blocked from:

• Sending external emails.
• Uploading content to the web.
• Printing at the office.
• Printing remotely.
• Using removable media (USB/CD) on their work computer.

Tech managers can request exceptions if needed. If you're not sure if you're impacted by Technology's Wave 4, try doing one of those things.

This is for the haters, trolls and non believers. So, Read it and weep Trolls. Just the facts!!! The are outsourcing risk and compliance rolls! Lots if UGLY TRUTHS. Any other employee would have been fired. Keep driving this FAKE NARRATIVE of making progress.

Here is PROOF!?? Link to pdf:
https://pdfserver.amlaw.com/legalradar/pm-50684461_complaint.pdf

Below is a blip of what is contained in the filing.

“87. The March 2020 Congressional report also faulted the Board of Directors for allowing management to "repeatedly submit materially deficient plans in response to the Consent Orders." Report at p. 36. It noted that Wells Fargo submitted multiple deficient plans that required board review and with regards to plans required by the
OCC, board approval) in response to the 2016 Sales Practices Consent Orders. The Committee staffs investigation revealed that the CFPB and OCC repeatedly rejected the Bank's compliance and redress plans required under the 2016 Sales Practices Consent Orders as incomplete or otherwise deficient. The Report noted that Wells Fargo's Board was directly involved in the process and was specifically told what needed to be done to comply with the consent orders. 27

88. The Federal Reserve's staff even held one-on-one sessions with several of Wells Fargo's directors. 28 Still, the Board of Directors failed to ensure compliance with the consent decrees. For example, on April 3, 2018, Wells Fargo made its first submission of plans for board effectiveness and risk management under the 2018 Federal Reserve Consent Order. "Despite receiving consistent direction from Federal Reserve staff on what sufficiently detailed plans should include, Wells Fargo's first submission of plans for board effectiveness and risk management, made on April 3, 2018, fell woefully short of the Federal Reserve's expectations."29 In a May 7, 2018 response letter, Federal Reserve staff informed Wells Fargo that its submission was so "materially incomplete" that the plans, "cannot be evaluated by [Federal Reserve] staff.”

Brrr, BBrrrr….. oh wait, I think someone is Scharting their pants right now.

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