Doug Cornelius on compliance for private equity real estate
These are some of the compliance-related stories that recently caught my attention. Madoff: Don’t let Wall Street scam you, like I did By Sital S. Patel in MarketWatch After all those years of racing to remain a step ahead of the authorities, Madoff has a few ideas about how the market can be made more … Continue reading “Compliance Bricks and Mortar for June 7”
I was able to attend the Boston stop on the SEC’s Compliance Outreach Program. Michael Garrity, the Associate Director of the Boston Examination Program kicked off the program, by highlighting some examination statistics. There are 1200 registered adviser in the Boston region. But there are only 50 examiners. Last year, they had 80 exams. They … Continue reading “SEC’s Compliance Outreach Program”
Carlo V. di Florio, Director, United States Securities and Exchange Commission, Office of Compliance Inspections and Examinations I expect the full text of his remarks will be published in the next few days, but these are my notes. They are live from the forum, so please excuse the typos. It’s been a busy year for … Continue reading “What to expect from the SEC in the year ahead”
Professor Tamar Frankel of Boston University School of Law tackles investment fraudsters and their victims in her book, The Ponzi Scheme Puzzle. As a scholar of investment fraud, Frankel has studied cases for years to find common themes and patterns. The books offers descriptions of the offers and red flags the ways in which fraudsters … Continue reading “A History and Analysis of Con Artists and Victims: The Ponzi Scheme Puzzle“
Overnight a huge meteor streaked across the skies of Chelyabinsk, Russia. What does this have to do with compliance? Apparently, Russian drivers regularly use these cameras to fight corruption. BREAKING: Huge Meteor Blazes Across Sky Over Russia; Sonic Boom Shatters Windows by Phil Plait in Bad Astronomy Apparently, at about 09:30 local time, a very … Continue reading “Compliance Bricks and Mortar – Russian Meteor Edition”
These are some of the compliance related stories that recently caught my attention. The SEC at a Crossroads: Can Things Be Turned Around? by Broc Romanek in the CLS Blue Sky Blog Over the past fifteen years, the SEC’s reputation has been routinely sullied – in the press, by the Courts and certainly in the … Continue reading “Compliance Bricks and Mortar for January 25”
These are some of the compliance-related stories that recently caught my attention. High-Speed Trades Hurt Investors, a Study Says by Nathaniel Popper and Christopher Leonard in the New York Times A top government economist has concluded that the high-speed trading firms that have come to dominate the nation’s financial markets are taking significant profits from … Continue reading “Compliance Bricks and Mortar for December 7”
These are some of the compliance related stories that recently caught my attention. What’s the Solution for Boring and Ineffective Compliance Training? by Joe Murphy in Corporate Compliance Insights My experience, having worked in depth with both live and online training, is that both have the potential to be done poorly and to fail in … Continue reading “Compliance Bricks and Mortar for November 30”
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. … Continue reading “Compliance Bricks and Mortar for November 9”
The SEC has once again claimed that its Aberrational Performance Inquiry has identified another miscreant. Once again, I’m skeptical that the SEC is actually using “proprietary risk analytics” to identify hedge funds with suspicious returns. The SEC alleges that Yorkville Advisors overstated the value of the assets in its funds to improve marketability and increase … Continue reading “Aberrational Performance Inquiry of Nabs Another Private Fund Manager”
