Daily Archives: May 9, 2014, 3:30 pm

SEC Targeting Firms’ Cybersecurity as Market Risk — Bloomberg BNA

Historically, the SEC focused on broker-dealers and investment advisers’ protection of customer data and information, said John Reed Stark, managing director of the digital risk management firm Stroz Friedberg, and a former chief of the SEC Enforcement Division’s Office of Internet Enforcement. Now, the SEC looks “at cybersecurity as: if you’re a regulated entity and you don’t have cybersecurity, that…

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FCPA Investigations Continue to Spawn Securities Class Actions in 2014 – Compliance Week

On his excellent blog, The D&O Diary, Kevin LaCroix wrote this week about a “phenomenon” that has quickly become a significant factor in the securities class action world: shareholder lawsuits based on news of an anti-bribery government investigation into a company. via FCPA Investigations Continue to Spawn Securities Class Actions in 2014 – Compliance Week

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Does the SEC Have the Guts to Tank Alibaba’s IPO? – Bloomberg View

Yesterday, Alibaba Group Holding Ltd., China’s largest online retailer, filed the registration statement for its initial public offering. One of the risk factors it cites is the possibility that the Securities and Exchange Commission may suspend the mainland Chinese affiliate of its outside auditor, PricewaterhouseCoopers of Hong Kong. via Does the SEC Have the Guts to Tank Alibaba’s IPO? –…

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