CB Richard Ellis distills its corporate values to RISE. Our corporate values are the foundation upon which our company is built. These values are timeless and transcend all markets, service lines, languages and business cultures. RESPECT Treat everyone with dignity, value their contributions, and help one another succeed. INTEGRITY Uphold the highest ethical standards in … Read more »
SEC Internet Enforcement
In the December Issue of Compliance Week, Bruce Carton tells some of the history of the SEC’s enforcement history. One of the first internet efforts was an email address for the public to send tips. Back in 1996 there were about 20 complaints a day. Now there as many as 10,000 a day. With all … Read more »
Lessons from Rome
Mary Bennett of the Ethical Leadership Group wrote three lessons we can learn from the ancient Roman army: First, there is the timeless importance of culture. People in a society or organization will behave according to the most widely accepted common denominator, modeled by those at the top. We must train and communicate with our … Read more »
Secured Creditor Filings
It recently popped into the news that the lender for the bankrupt law firm Heller Ehrman terminated its UCC filing: Banks May Lose $51 million in Heller Dispute. On August 3, 2007, a UCC Financing Amendment was filed with the termination box checked. (See a copy of the UCC Amendment.) The lender filed a correction … Read more »
Professor Frankel Testifies In Congress
Boston University School of Law professor Tamar Frankel testified before the Committee on Financial Services of the U.S. House of Representatives discussing Ponzi schemes, the importance of trust in the securities markets and the need for regulatory reform in light of the Madoff scandal. See also: Testimony from House.gov Testimony from JD Supra Read more »
The 2008 Year in Review from Securities Docket
This panel joined Securities Docket’s Bruce Carton to look back at the most important and interesting developments in 2008, and offer their predictions for 2009. Walter Olson (Point of Law; Overlawyered), Kevin LaCroix (The D&O Diary) Tom Gorman (SEC Actions) Francine McKenna (re: the Auditors) Kevin started off noting that the number of securities class … Read more »
GRC Predictions for 2009
Sumner Blount of CA has published his GRC Predictions for 2009. Risk will continue to grow in importance. Risk and compliance initiatives will continue to be consolidated. A shift in how risk is perceived and categorized. Continued regulatory requirements. Read more »
Cornerstone Research 2008 Review of Securities Class Action Filings
Cornerstone Research released their Read more »
Financial Crimes Enforcement Network 2008 Annual Report
The Financial Crimes Enforcement Network 2008 Annual Report (.pdf) has been released. Outcome Goal 1: Financial systems resistant to abuse by money launderers, terrorists and their financial supporters, and other perpetrators of financial crime Outcome Goal 2: Detection and deterrence of money laundering, terrorism financing, and other illicit activity. Outcome Goal 3: Efficient management, safeguarding, … Read more »
SEC Inspector General Testifies In Congress
SEC Inspector General H. David Kotz In the first Congressional hearing since the Madoff scandal broke in December, Mr. Kotz said his agency’s handling of the Madoff case may be a symptom of more widespread problems with how the agency handles its examinations and investigations. Kotz testified on the subject of “Assessing the Madoff Ponzi … Read more »