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Stressed-Out Compliance Officers May Soon Feel Even More Heat From SEC
Stress level of compliance officers may be rising even higher.
Ban could make hedge funds lobbyists – NewsTimes
“It could become a full-employment act for lobbying firms that do political intelligence.”
SEC Appoints PCAOB New Member; Aguilar Dissents
SEC appoints Jeanette Franzel as a member of the Public Company Accounting Oversight Board, over one dissenting vote.
Carlyle Drops Class-Action Lawsuit Ban as Opposition Mounts
Carlyle Group LP abandons plan to ban shareholders from filing class action lawsuits.
MF Global risk officer says ousted after warnings
Former chief risk officer at MF Global claims he was let go after ringing alarm bells about the firm’s exposure to European sovereign debt.
First-Ever Sports Betting Hedge Fund Craps Out
First-ever sports betting hedge fund is reportedly liquidating.
Carlyle Readies an Unfriendly I.P.O. for Shareholders – NYTimes.com
It is quite possible that the Carlyle Group, the private equity firm that is preparing to go public, is proposing the most shareholder-unfriendly corporate governance structure in modern history. via Carlyle Readies an Unfriendly I.P.O. for Shareholders – NYTimes.com.
Greater Penalties for Insider Trading – NYTimes.com
Under proposed amendments to the Federal Sentencing Guidelines announced last week, recommended punishments for insider trading are likely to increase in response to Congressional pressure to ratchet up sentences for securities fraud. That will put even more pressure on defendants to cooperate with the government in the hope of receiving a reduced penalty. via Greater [...]
Changes in the Plaintiffs’ Class Action Bar and the Changing World of Shareholder Litigation: The D&O Diary
The changing mix of corporate and securities litigation is a recent phenomenon on which I have frequently commented on this blog. While identifying the fact of the change is relatively straightforward, explaining it is more challenging. According to a January 11, 2012 article in The Review of Securities & Commodities Regulation entitled “Shareholder Litigation After the [...]