These are some compliance-related stories that recently caught my attention: Ponzi Scheme and Investment Fraud Red Flags by Tracy Coenen in the Fraud Files Blog How do you know if you’re considering investing in a Ponzi scheme? The promoters will never come out and tell you they are running a pyramid scheme, so the … Read more »
Category: Compliance Bricks and Mortar
Compliance Bits and Pieces for January 20
These are some of the compliance-related stories that recently caught my attention. Bruce Carton’s “2011: The Year in Enforcement” in Securities Docket 2011 was another difficult year for the Securities and Exchange Commission, even though another Madoff or Stanford-like scandal didn’t emerge to bring new embarrassment. Indeed, the SEC seemed to be under attack from … Read more »
Compliance Bits and Pieces for January 13th
Here are some compliance-related stories for Friday the 13th: Regulatory Risk Factors in the Carlyle Group S-1 by Seattle lawyer William Carleton. The Carlyle Group is preparing to go public. There are some interesting risk factors in the S-1 registration statement relating to use of leverage in investments, continued control of prior owners following the … Read more »
Compliance Bits and Pieces for January 6
These are some compliance-related stories that recently caught my attention: Obeying the Law is Hard by Chris MacDonald in the Business Ethics Blog For businesses, following the law doesn’t exhaust ethical responsibilities, but it’s an awfully good start. Most of us probably think that following the law is absolute minimally-decent behaviour for business. You absolutely … Read more »
Compliance Bits & Pieces for December 16
These are some compliance related stories that caught my attention: Dodd-Frank Rules Will Crush Employment, Banks Warn by Paul Sperry for Investors Business Daily Job-killing bank regulations threaten to wipe out all the gains in private-sector employment since the recovery began, the industry warns. Washington, however, is hiring thousands more bureaucrats to enforce the rules. … Read more »
Compliance Bits & Pieces for MF Global Edition
MF Gloabl clearly took a big bet on European sovereign debt. It looks like Jon Corzine, the head of the company, essentially went “all-in” and bet the company on the trades. He lost. His counterparties called collateral and the company quickly lost liquidity and solvency. On Halloween, MF Global filed for bankruptcy, listing $39.7 billion … Read more »
Compliance Bits and Pieces for December 2
Here are some recent compliance-related stories that caught my attention. The Enron cast: Where are they now? by Richard Partington in Financial News The leading characters in the Enron saga have had varied fortunes since the disgraced trading giant collapsed into Chapter 11 bankruptcy a decade ago this week. A few went to prison, a … Read more »
Compliance Bits and Pieces for November 18
These are some recent compliance related stories that caught my attention: Where the Bribes Are by the James Mintz Group The Foreign Corrupt Practices Act, passed in 1977, has led to more than 200 cases covering activity in about 80 countries. On this map, the darker red that a country appears, the larger the total … Read more »
Compliance Bits and Pieces for November 4
Here are some compliance-related stories that recently caught my attention: How Trustworthy Are You? from the Trusted Advisor A summary infographic on five questions from the Trust Quotient self-assessment Investigation Nation: SEC Employees and Inspector General Play Cat-and-Mouse by Bruce Carton in Compliance Week’s Enforcement Action A group called Citizens for Responsibility and Ethics in … Read more »
Compliance Bits and Pieces for October 28
These are some compliance-related stories that caught my attention recently: The Role of Compliance and Ethics in Risk Management by Bruce Carton in Compliance Week’s Enforcement Action Carlo V. di Florio, director of the SEC’s office of compliance inspections and examinations, recently spoke at the National Society of Compliance Professionals’ National Meeting held in Baltimore, … Read more »