Category: Compliance Bricks and Mortar

These are some of the compliance-related stories that recently caught my attention SEC Names Peter B. Driscoll as Director of the Office of Compliance Inspections and Examinations Mr. Driscoll was named as OCIE’s first Chief Risk and Strategy Officer in March 2016 after previously serving as OCIE’s Managing Executive from February 2013 through February 2016. … Read more »

These are some of the compliance-related stories that recently caught my attention. 6 Trends in AML Compliance by Ambreesh Khanna Anti-money laundering regulations (AML), including Know Your Customer (KYC) requirements, are hardly a new concept in the world of financial services. Over the years, financial institutions have largely mastered the mechanics of compliance. There is, … Read more »

These are some of the compliance-related stories that recently caught my attention. In Defense of Compliance Checklists by Michael Volkov in Corruption, Crime & Compliance If a compliance officer can persuade the business side to take responsibility for compliance, compliance officers should develop simple checklists and other mechanisms to support the business. For example, the … Read more »

These are some of the compliance-related stories that recently caught my attention. The Effectiveness of SEC Enforcement in Deterring Financial Misconduct by Shiu-Yik Au This paper examines how the Securities and Exchange Commission’s (SEC) enforcement actions and whom they target deter future financial misconduct. An enforcement action reduces the incidence of misconduct in other firms … Read more »

These are some of the compliance-related stories that recently caught my attention. SEC forced to try new ways of pursuing bad financial advisers by Bruce Love in the Financial Times The US investment regulator’s powers to recoup losses from financial advisers who break the law were dealt a blow by a landmark Supreme Court decision … Read more »

These are some of the compliance-related stories that recently caught my attention. Other People’s Money: SEC Disgorgement After Kokesh by Daniel R. Walfish in NYU’s Compliance & Enforcement  Kokesh held that the disgorgement remedy in SEC enforcement actions is a “penalty” for purposes of the five-year limitations period for the “enforcement of any civil fine, penalty, or forfeiture.” 28 … Read more »

These are some of the compliance-related stories that recently caught my attention. Three Equifax Managers Sold Stock Before Cyber Hack Was Revealed by Anders Melin Three Equifax Inc. senior executives sold shares worth almost $1.8 million in the days after the company discovered a security breach that may have compromised information on about 143 million … Read more »

My thoughts go out to readers of Compliance Building in Texas who live in the path of Hurricane/Tropical Storm Harvey. I hope you were able to stay on high ground. It looks like this will be the first natural disaster of the Trump administration. These are some of the compliance-related stories that recently caught my attention. … Read more »

Sorry for the lack of posts this week. I was attending and speaking at the Boston Investment Adviser Compliance Symposium. I needed to earn some continuing education credits for the my IACCP designation. While I was sitting it conferences, here are some of the compliance-related stories that caught my attention. Accredited Investors vs. Qualified Clients … Read more »

These are some of the compliance-related stories that recently caught my attention. Fiduciary Duty Claims of Start-up Co-Founder Denied by Francis Pileggi in Delaware Corporate & Commercial Litigation Blog A recent Delaware Court of Chancery opinion analyzed claims that are not uncommon: one of two founders of a start-up, that failed to launch, claimed that the other co-founder … Read more »