March Madness! SEC Loses an AP for First Time Since FY 2013 by Bruce Carton in Compliance Week
In FY 2014, however, the SEC maintained 100% perfection in its administrative proceedings. The agency reportedly prevailed in every single one of its more than 200 APs in FY 2014, including 14 consecutive victories in cases that went to a litigated hearing before an SEC Administrative Law Judge. That will not be the case in FY 2015, however, as the SEC actually lost a case this week that had made it all the way to a litigated hearing before Administrative Law Judge Jason S. Patil.
Regulating Lawyer Blogging by Cathy Gellis in Digital Age Defense
A few months ago an advisory committee for the California State Bar promulgated an interim ethics opinion addressing when lawyers’ blogs should be subject to applicable bar rules governing lawyer advertising.
The impetus behind having bar rules addressing lawyer advertising is generally a reasonable one. The nature of the lawyer-client relationship, the relative imbalance in their respective expertise, and the stress inherent with the sort of situation that would require a lawyer’s assistance makes it important to ensure that lawyers are not misleading or overly aggressive in their solicitation of business. The applicable bar rule regarding lawyer advertising in California is also not especially onerous (although the same may not necessarily be said about similar rules in other jurisdictions).
Why is the SEC still so low-tech? by Hudson Hollister in CNBC
Like many U.S. regulators, the SEC hasn’t kept pace with technological evolution. As a result, the firms it’s charged with overseeing are getting away with shady practices, investors are being denied easy access to key information, and, our economy is being put at risk.
SCCE/HCCA Reaches 15,000 members by Roy Snell
This milestone and growth of membership has a big impact on our effort to help the profession speak for itself. We have a lot of people trying to speak for compliance professionals, define the role and define the function of a compliance program. It’s not always helpful. Every year it gets easier and hitting 15,000 members helps.
Tulip Brick is by Tjololo Photo
