Tagged: internships

Are Unpaid Interns Worth the Cost (and the Risk)?

Are Unpaid Interns Worth the Cost (and the Risk)?

Karin Sweigart rejoins us for another interesting posting on employment compliance issues.  Karin can be contacted at [email protected]. It is estimated about half of the United States’ 1.5 million internships a year are unpaid, a number that may go up due to changes in the Department of Labor’s (DOL) rules governing unpaid internships. Implemented in 2018, the updated rules provide for-profit companies more flexibility to...

SEC Unveils First FCPA Enforcement Action Focused On Hiring Practices: BNY Mellon

SEC Unveils First FCPA Enforcement Action Focused On Hiring Practices: BNY Mellon

The SEC is having a good year in the FCPA enforcement arena. As a former prosecutor, my eyes would sometimes glaze over when discussing civil enforcement actions. The SEC, however, has turned its FCPA enforcement program into a productive and important component of its overall mission. BNY Mellon agreed to pay $14.8 million for the hiring of three interns in order to curry favor with...