Doug Cornelius on compliance for private equity real estate
I will sound like an obnoxious Boston Sports Fan this morning. Boston is back to being a championship city with the Red Sox winning the World Series. As an announcer said, it’s been five years since they won the World Series. Switching sports, it’s only been one season since the New England Patriots won the … Read more »
The old-fashioned telephone turns out to be a way to hack into other people’s accounts. Voya Financial was the victim of cybercriminals using their phones instead of their computers. Voya ran the portal for its investment advisers and registered representatives to to manage the accounts of their customers. Voya also had a support line to … Read more »
The Nigerian prince email scams at home have been supplanted by phishing attacks on company accounting groups. The problem has become big enough that the Securities and Exchange Commission released a report indicating that falling victim to this kind of cyber attack could be considered a failure in the company’s internal accounting controls. The Federal … Read more »
Worried about the security of your cyptocurrency? How about having the Blockchain Exchange Commission protect you. It won’t. According to a complaint filed by Securities and Exchange Commission, Reginald Ringgold is a founding member of this very prestigious-sounding, regulatory-sounding Blockchain Exchange Commission. According to it’s LinkedIn page: The mission of the [Blockchain Exchange Commission] is to protect … Read more »
These are some of the compliance-related stories that recently caught my attention. ‘I had a moral duty’: whistleblowers on why they spoke up by Teri Pengilley, Christopher Thomond , Murdo MacLeod, Sarah Lee and words by Caitlin Disken in The Guardian To mark the 25th anniversary of the whistleblowing charity Protect (formerly known as Public … Read more »
It looks like the testimony will not be subtle at the Senate Banking Committee today entitled: Exploring the Cryptocurrency and Blockchain Ecosystem. Peter Van Valkenburgh, Director Of Research at Coin Center, spends his time trying to explain blockchain by calling it decentralized computing. I’m going to guess that his presentation falls on ears that have … Read more »
Todd Hitt wanted to be big-time, but his lies have landed him in handcuffs. He claimed that the firm he founded, Kiddar Capital, had over $1.4 billion in assets under management, offices in Falls Church, Houston, Palm Springs, and London, and was put $6 million of the firm’s money into developing a Herndon, Virginia building … Read more »
Jeffrey Lewis’s first novel is speculative fiction with a terrifying title: 2020 Commission Report on North Korean Nuclear Attacks Against the United States. It’s attempting to give us hindsight about the future. Obviously, from the title, things go wrong. Very wrong. Mr. Lewis is expert on the North Korean nuclear weapons program. He is the Director … Read more »
These are some of the compliance-related stories that recently caught my attention. The Knowledge Transfer Equation by V. Mary Abraham But how do we transfer knowledge effectively? The answer Davenport & Prusak offer may not be exactly what you were looking for: “The short answer, and the best one, is: hire smart people and let … Read more »
Steven Peikin, Co-Director of the SEC’s Division of Enforcement gave an encyclopedic description of the Remedies and Relief in SEC Enforcement Actions at PLI’s White Collar Crime symposium. The speech was meant to address the effectiveness of enforcement actions. He wanted to point out that the number of enforcement actions or the total amount of … Read more »