• IPO Docs Instruct Compliance Officers

    Richard Cassin, writing in the FCPA Blog, explains why the section of an S-1 registration statement called Risk Factors is must reading for compliance professionals. Compliance is all about risk, he explains, and “like great poetry or...

    • Posted 1 month ago
    • 0
  • Is the Party Over For Whistleblowers?

    Three SEC awards to whistleblowers this year are among the top ten ever, including the recent $50 million to a former BNY Mellon currency trader. In all, there has been $114 million awarded to whistleblowers so far...

    • Posted 2 months ago
    • 0
  • FCPA Report Includes Biggest Settlement Ever

    During the first quarter of 2020 Cardinal Health paid the SEC $8.8 million to settle FCPA offenses. The company was charged with violating books and records and internal accounting controls provisions. It disgorged $5.4 million and paid...

    • Posted 3 months ago
    • 0
  • Rare Supreme Court Victory for SEC

    In a ruling that will cheer the plaintiffs’ bar, the US Supreme Court in Lorenzo v. SEC  ruled that intentionally misleading investors was actionable even if the violator simply disseminated the misleading statements. The SEC found that...

    • Posted 1 year ago
    • 0
  • SEC Refinement: “Smaller Companies” Just Got Bigger

    The SEC has redefined “small reporting company” in a way that will significantly increase the number of public companies that qualify for less-extensive reporting rules. The SEC estimates that an additional 966 public companies will be eligible...

    • Posted 2 years ago
    • 0
  • For-Profit School Execs Settle Fraud Cases With SEC

    Two top executives of ITT Educational Services, the parent of defunct ITT Technical Institute, have settled for $200,000 and $100,000 respectively, thus avoiding a trial that was set to begin July 9. CEO Kevin Modany and former...

    • Posted 2 years ago
    • 0
  • Supreme Court Ruling Favors “Buckets of Money”

    According to a ruling by an SEC administrative law judge, Raymond J. Lucia and his namesake investment firm made misleading presentations to prospective clients about a retirement strategy the firm called “Buckets of Money.” A three-judge panel...

    • Posted 2 years ago
    • 0
  • Saved By the Whistle

    Last February the U.S. Supreme Court threw out an anti-retaliation suit brought by a former employee who was fired after reporting alleged securities violations. The Court ruled that because the employee reported the wrongdoing internally instead of...

    • Posted 2 years ago
    • 0
  • Big Awards For SEC Whistleblowers

    A whistleblower “whose information led to multiple successful enforcement actions” received a $2.1 million award on April 12. The SEC is required to protect the confidentiality of whistleblowers, but the person, described as “a former company insider,”...

    • Posted 2 years ago
    • 0
  • Congress, SEC, Moving On Cybersecurity

    One of the few bipartisan acts to be introduced in Congress recently is the Cybersecurity Disclosure Act of 2017-18 (S.536). It would require publicly traded companies to disclose the cybersecurity expertise of members of the board, and,...

    • Posted 2 years ago
    • 0
Do NOT follow this link or you will be banned from the site!