Thanksgiving Puck 1910 / BBaker. Creator(s): Baker, Bryant, 1881-1970, artist Date Created/Published: N.Y. : Published by Keppler & Schwarzmann, Puck Building, 1910 November 23. Read more »
Now We are Talking About Real Money – SEC Brings $250 Million Insider Trading Case
On Tuesday, the Securities and Exchange Commission released news of an alleged insider-trading scheme that reaped profits and avoided losses of more than $276 million. The SEC brought the charges against (1) CR Intrinsic Investors LLC, (2) its former portfolio manager, Mathew Martoma, and (3) a medical consultant for an expert network firm, Dr. Sidney … Read more »
Will the CFTC Extend the Registration Deadline?
Private equity funds with interest rate swaps or foreign exchange hedges have been wringing their hands over registration with the Commodities Futures Trading Commission. Dodd-Frank has brought those derivative instruments into the oversight of the CFTC. Shortly, they will be considered commodities. That means funds that previously did not consider themselves to be trading in … Read more »
Compliance Bricks and Mortar: FCPA Guidance Edition
The big news in compliance this week was the release of the Resource Guide to the U.S. Foreign Corrupt Practices Act (.pdf). But I have only had a chance to glance at it briefly. I’m underwhelmed, even after having low expectations. Since I have not read much, I’m posting the views of many others: Guidance … Read more »
The New Resource Guide to the FCPA
The Securities and Exchange Commission and the Department of Justice jointly released A Resource Guide to the U.S. Foreign Corrupt Practices Act (.pdf). The 120-page guide provides a detailed analysis of the U.S. Foreign Corrupt Practices Act and closely examines the SEC and DOJ approach to FCPA enforcement. The guide addresses a wide variety of … Read more »
Compliance Bricks and Mortar for November 9
These are some of the compliance related stories that recently caught my attention. Fighting corruption with bumper stickers and public toilets: ambient accountability by Dieter Zinnbauer in Space for Transparency Take for inspiration this passenger bill of rights, displayed literally right in your face at the backrest of the driver’s seat in New York taxis. … Read more »
Warren Back in Washington
The last time Washington saw Elizabeth Warren, she was thrown out of town for her strong advocacy of the Consumer Financial Protection Bureau. The Dodd–Frank Wall Street Reform and Consumer Protection Act established the CFPB. Warren is credited with creating the CFPB, tirelesslessy lobbying for its inclusion in Dodd-Frank, and worked on implementation of the … Read more »
Vote (and Report)
I’m not going to say that your vote counts. For the presidential election, your vote counts more if you live in Florida or Ohio. Your vote in a solidly red or blue state like Massachusetts or Texas counts less. However, there are likely plenty of other competitive races on your ballot, besides the presidential election. … Read more »
Another Danger of Overstating Assets
The Securities Division of the Massachusetts’ Secretary of State’s office filed an administrative complaint against CCR Wealth Management. The complaint seeks to deny CCR Wealth Management registration as an investment adviser. The secretary of state’s office said inspectors became suspicious when they noticed that CCR had reported static denominations over a period of time, even … Read more »
Compliance Bricks and Mortar for November 2
These are some of the compliance related stories that recently caught my attention. 21-Month Sentence Just One of the Consequences of Former Deloitte Partner’s Insider Trading by Bruce Carton in Compliance Week A big part of the SEC and DOJ’s enforcement of the insider trading laws is to bring cases that will deter others from … Read more »