‘Enforcement 40’ for 2020
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By Securities Docket on May 31, 2014, 8:55 am
Get caught up with the Securities Docket News Wire for May 30, 2014.
By Securities Docket on May 30, 2014, 8:55 am
Get caught up with the Securities Docket News Wire for May 29, 2014.
By Securities Docket on May 30, 2014, 8:32 am
Michael Corbat, chief executive of Citigroup Inc., on Thursday offered the clearest picture yet of the failures surrounding alleged fraud in the bank’s Mexico unit, saying employees missed signs of trouble they should have recognized and elevated to superiors. “There were telltales along the way,” Mr. Corbat said during an investor conference in New York. […]
By Securities Docket on May 29, 2014, 10:26 am
If negative press, customer losses, legal fees, and massive lawsuits weren’t already enough to get corporate boards of directors to pay attention to the risk of data breaches, perhaps the latest recommendation from ISS to Target shareholders will get their attention. via ISS Recommends Ouster of Seven Target Directors For Data Breach Failures – Compliance […]
By Securities Docket on May 29, 2014, 8:55 am
Get caught up with the Securities Docket News Wire for May 28, 2014.
By Securities Docket on May 29, 2014, 7:38 am
Lawyers for a former portfolio manager say prosecutors’ recommendation that he serve up to 20 years in prison for insider trading is “outrageous” and “irrational.” via Lawyer calls SAC Capital 20-year insider trading sentence request ‘outrageous’ — Canadian Press
By Securities Docket on May 28, 2014, 3:39 pm
While the SEC has issued numerous enforcement actions this year, the agency has made little progress on more than 40 rules on its 2014 agenda. Most of those rules stem from the 2010 Dodd-Frank financial reform legislation passed in reaction to the 2008 financial crisis, and the Jobs act, which makes it easier for smaller […]
By Securities Docket on May 28, 2014, 9:52 am
Over the years, we have heard various formulations of inquiries that regulators might use when reviewing a compliance program. While not exactly a review of a compliance protocol, one of my favorites is what I call McNulty’s Maxims or the three questions that former United States Deputy Attorney General, and now former Baker & McKenzie […]
By Securities Docket on May 28, 2014, 9:09 am
In his first local media interview, and third overall since becoming a free man, Nacchio told CBS4 News reporter Rick Sallinger that Qwest shareholders, employees and retirees should blame the federal government for their losses after the company’s stock tanked more than a decade ago. via Unrepentant Joe Nacchio blames feds for Qwest’s financial collapse […]
By Securities Docket on May 28, 2014, 9:04 am
Think that your firm is too small or that your cyberdefenses are too strong to worry about digital attacks on your firm’s—and your clients’—data? The SEC and FINRA don’t think so. A reading of the regulators’ official announcements and the insights of those who know how they operate suggest that advisors run the risk not […]