Charles Lane of the Washington Post has this video interview with SEC Chair Mary Schapiro. She talks about the “craziest year of her life.” Read more »
Compliance Bits and Pieces for March 19
Here are some compliance related stories from the past week: Securities Docket Radio: Available Free on iTunes Securities Docket Radio is now available as a free download on iTunes! To listen to or download the debut program featuring Bruce Carton’s interview with Sanjay Wadhwa, Deputy Chief of the SEC’s new Market Abuse Unit, please click … Read more »
Did you “Make” an Untrue Statement under 10b-5?
The First Circuit threw out the SEC’s 10b-5(b) claim in SEC v. Tambone. This time it was the entire court after an earlier decision of a three judge panel reached the opposite decision. The SEC alleged that James Tambone and Robert Hussey engaged in fraud in connection with the sale of mutual fund shares tied to … Read more »
Bentley CS 299
I spent some time this afternoon with Mark Frydenberg‘s class at Bentley University: CS 299 Web 2.0 – Technology, Strategy, and Community. I talked about my perspective on Web 2.0, trying to show how 2.0 tools can be used to help you organize the information you need to do your job better and develop yourself … Read more »
Implementing Compliance Practices for Social Media
I was in the audience for FINRA’s latest educational Program: Implementing Compliance Practices for Social Media. This program addressed implementation of new guidance that FINRA recently issued in Regulatory Notice 10-06, concerning social media. Resources and Supplementary Material (.pdf) Slide deck (.pdf) These are my notes, live from the program (& riddled with typos): Introduction … Read more »
Happy Evacuation Day!
March 17th may mean Saint Patrick’s Day to most of you. Here in Boston it’s Evacuation Day. The holiday commemorates the evacuation of British forces from the city of Boston following the Siege of Boston, early in the American Revolutionary War. (It’s just a coincidence that it coincides with Saint Patrick’s Day.) George Washington fortified … Read more »
Dodd’s Solo View on Private Investment Funds
Senator Dodd did not forget about private investment funds. Tucked into page 366 of his 1366 page Restoring American Financial Stability Act of 2010 is the Private Fund Investment Advisers Registration Act. This is largely the same language in the Private Fund Investment Advisers Registration Act of 2009 contained in Dodd’s draft Restoring American Financial … Read more »
Dodd Goes Solo
After months of negotiation, Senator Dodd gave up on his negotiations with Republicans and decided to introduce a financial industry reform bill all by himself. To promote the financial stability of the United States by improving accountability and transparency in the financial system, to end ‘‘too big to fail’’, to protect the American taxpayer by … Read more »
Toyota, Ethics and Compliance
With Toyota’s problems all over the news, I started to think about whether compliance and ethics professionals could learn anything from these problems. To begin, I don’t think there is a systemic problem with their vehicles or with the company. I think the sudden acceleration problem is bunk. Yes, I own a Toyota, but my … Read more »
MoFo2Go
Do I care if my law firm has an iPhone App? As client, I care about my law firms delivering useful information to me. Kevin O’Keefe says your law firm should forget about building an iPhone App. Morrison & Foerster didn’t heed his advice and created MoFo2Go, an iPhone app. iPhone App versus Mobile View … Read more »