Daily Archives: September 4, 2013, 1:51 pm

SEC Practice In Targeting and Penalizing Individual Defendants — Harvard Law School Forum on Corp. Gov. and Fin. Reg.

…. We have recently completed, and intend to maintain, a database of SEC enforcement practices, and in this post, we shed some factual light on what the SEC actually does with respect to prosecuting and penalizing individual and corporate defendants. Specifically, we answer three questions: First, who does the SEC name as defendants—high level executives, lower level employees, the corporation…

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Zurich Investigating Whether ‘Undue Pressure’ on CFO Led to Suicide – Compliance Week

Following the suicide of its CFO, Zurich Insurance’s board of directors has opened an investigation into “whether there was undue pressure placed on our CFO.” The CFO’s suicide note blamed the company’s former chairman for creating an unbearable, pressure-packed working environment. via Zurich Investigating Whether ‘Undue Pressure’ on CFO Led to Suicide – Compliance Week

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Britain to Prosecute Olympus Over Accounting Scandal – NY Times

Britain‘s fraud agency will prosecute Olympus Corp. and its British unit Gyrus for falsifying accounts, the Japanese medical equipment maker said on Wednesday, dragging a $1.7 billion (1.08 billion pounds) accounting scandal back into the spotlight after it erupted nearly two years ago…. The move by the Serious Fraud Office (SFO) revives the scandal after a guilty verdict for three…

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