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Join the Securities Litigation and Enforcement Group on LinkedInSEC whistleblower chief Sean McKessy to depart agency | Compliance Week
The SEC announced today that after more than five years as the first-ever Chief of the SEC’s Office of the Whistleblower, Sean McKessy plans to leave the agency this month. McKessy joined the SEC to head up its new whistleblower program in February 2011, and has helped get the program on strong footing. Since its inception, the Office of […]
Cyber Insurance: Why Your Company Needs It — Nasdaq Governance Clearinghouse
The time is now for stand-alone cyber insurance. The tensions between traditional insurance policies and data breach coverage have prompted the dawning of a new era of stand-alone “cyber insurance.” And this new era has only just begun. Global insurance broker Marsh LLC recently reported a 27% increase of stand-alone cyber insurance purchases by its U.S.-based […]
‘Failure to cooperate’ multiplies SEC penalty from $2K to $980K | Compliance Week
On June 21, 2016, the SEC announced that the failure of a defendant in an SEC enforcement action to live up to an agreement to “cooperate fully and truthfully” had resulted in that defendant’s penalty being increased from $2,533 to a staggering $980,229. And it could have been worse! The SEC had asked the court to […]
The SEC’s Return to Accounting Fraud Enforcement – Corruption, Crime & Compliance
Just like the ups and downs of the business cycle, SEC enforcement of accounting fraud cases follow an up and down trend as well. For example, during the financial crisis, SEC enforcement of accounting fraud cases took a back seat to enforcement actions surrounding disclosure and conflicts of interest in relation to the financial meltdown. […]
Securities Docket News Wire for July 7, 2016
Get caught up with the Securities Docket News Wire for July 7, 2016.