When Your Model Doesn’t Work

Don’t sell it if it doesn’t work right. That’s an easy lesson learned by Aegon USA, its CIO and Director of New Initiatives. Unfortunately, they were a subadvisor to Transamerica, who had to pay the biggest fine out of the bunch. Transamerica offered, sold and managed quantitative-model-based mutual funds, variable life insurance investment portfolios, variable … Read more »

Compliance Bricks and Mortar for September 28

These are some of the compliance-related stories that recently caught my attention. Today’s compliance is more than due diligence and red flags by Alison Taylor in the FCPA Blog Every year for the past decade, BSR has surveyed sustainability leaders at our global member companies on the State of Sustainable Business, in a collaboration with Globescan. To mark … Read more »

Lower the Wealth Standard for Investing in Private Placements

With the reduction in the number of public companies and larger companies staying private, the Securities and Exchange Commission is once again talking about loosening the “accredited investor” standard. Much of the concern about private placements is about risk. They seem to be universally labeled as the most risky of investments. The accredited investor definition … Read more »

Compliance Bricks and Mortar for September 21

These are some of the compliance-related stories that recently caught my attention. SEC Enforcement & Venue: A Question of Fairness by T. Gorman  in SECActions ow is the time for the Commission to step-up and be a leader in the effort to instill a new fairness in the administrative enforcement process. That begins with a recognition that not every … Read more »

The One About Blackfish

The Securities and Exchange Commission brought an action against SeaWorld Entertainment Inc. and its former CEO. They agreed to pay more than $5 million to settle fraud charges for misleading investors about the impact the documentary film Blackfish had on the company’s reputation and business. SeaWorld’s former vice president of communications also agreed to settle a fraud charge … Read more »