Daily Archives: May 21, 2014, 3:07 pm

SEC officials seek clarity on compliance officers’ liability | Reuters

The securities industry’s compliance officers and lawyers need better guidance on whether they can be held liable for the misdeeds of other employees at their firms, two U.S. regulators said this week. At separate conferences, Securities and Exchange Commission members Kara Stein and Daniel Gallagher called for the agency to provide more clarity, noting many officers fear they will become…

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Facing an FCPA Probe? Prepare for Follow-On Litigation – Compliance Week

Companies that find themselves at the center of an investigation for potential violations of the Foreign Corrupt Practices Act have more to worry about than just an enforcement action. Increasingly, they must fend off shareholder class-action lawsuits based on FCPA allegations as well. via Facing an FCPA Probe? Prepare for Follow-On Litigation – Compliance Week

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