These are some of the compliance-related stories that recently caught my attention.
JP Morgan’s Twitter Mistake by Emily Greenhouse in the New Yorker
This is Twitter’s very purpose: to allow any individual to share the same space with, for instance, a hugely powerful bank. With this space comes attention and authority. Unlike at JPMorgan’s Park Avenue headquarters, there are no security guards keeping undesirable elements out of Twitter. If JPMorgan executives expected that #AskJPM would attract only future job applicants—the kind who would don snappy new suits and genuflect nervously—they must have been stunned at the reckoning.
Missouri recognizes same-sex marriage exclusively for tax purposes by Darla Mercado in Investment News
As far as Missouri’s reasoning for the decision, the impression among tax experts seemed to be that recognizing same-sex marriages for income tax purposes is a way to avoid an administrative mess. “For states that have their own filing status tied to the federal status [as is the case with Missouri], it would begin to create a logistical nightmare” if they did not recognize same-sex marriages for income tax purposes, said John McGowan, senior vice president, national practice leader for the LGBT and non-traditional family practice at Northern Trust Corp.
Crowdsourcing a Title III Crowdfunding Cost Model by kiranlingam in SeedInvest
A successful $99,999 crowdfunding raise with no audited financials will result in negative cash flow to the company of about $38,000.
SEC Releases Fiscal 2013 Whistleblower Report by Kevin LaCroix in the D&O Diary
In 2012, the first full fiscal year in which the program was in place, the agency received 3,001 whistleblower tips. The number of whistleblower reports increased in fiscal 2013 to 3,228, an increase of about 7.5%, bringing the total number of whistleblower reports since the program’s inception to 6,573.
