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Join the Securities Litigation and Enforcement Group on LinkedInSEC Awards $3.5 Million To Whistleblower — SEC Press Release
The Securities and Exchange Commission today announced that a whistleblower has been awarded approximately $3.5 million for coming forward with information that led to an SEC enforcement action. via SEC Awards $3.5 Million To Whistleblower — SEC Press Release
FINRA Could Step In If DOL Fiduciary Rule Is Repealed–And That’s Good News – Focus on Funds – Barrons.com
Even in a best-case scenario for brokers, in which the new administration succeeds in repealing the DOL’s fiduciary rule and the SEC doesn’t pursue a version of its own, FINRA could still step in to impose its own rule, as it’s free from pressure from the president. (FINRA was of course on record as against […]
Enron’s Legacies, a Decade and a Half Later | The D&O Diary
Fifteen years ago this month, the once high-flying energy company Enron completed its massive collapse when it filed a petition for bankruptcy protection. In his interesting December 2, 2016 post on the Harvard Law School Forum on Corporate Governance and Financial Regulation (here), Michael Peregrine of the McDermott, Will & Emery law firm takes a […]
Audit Hits Regulator for Not Testing Brokerage Firms’ Cyber Security Policies — Insurance Journal
The U.S. Commodity Futures Trading Commission failed to verify whether futures and swaps brokerage firms have adequate policies to help ward off cyber attacks, an internal CFTC audit found. The audit was completed in October by Brown & Company CPAS and Management Consultants PLLC at the request of the CFTC’s inspector general. It found that […]