There are compliance lessons to be learned in Wheelmen: Lance Armstrong, the Tour de France, and the Greatest Sports Conspiracy Ever by Reed Albergotti and Vanessa O’Connell. Lance Armstrong was one of the best cyclists in last 20 years. But his wins were built on a foundation of illegal doping and performance enhancing drugs. It’s […]
These are some of the compliance-related stories that recently caught my attention. Machiavelli for Chief Compliance Officers by Tom Fox in the FCPA Compliance and Ethics Blog Lesson No. 1 – Heed Selected Advice from Selected Advisors While in medieval Florence, the Prince ruled as the supreme monarch, he still needed advisors. Today, we are […]
My dog has taught me a few lessons about compliance. (That’s me and Ghost taking a well-deserved nap.) Start early. We started dog training early to focus on developing good habits at an early stage. (We did lose a few shoes while he was a puppy.) It’s never too late to unlearn bad habits, but […]
The chances are greater than ever that the Securities and Exchange Commission will show up in your lobby. Be prepared and have an introductory presentation for them. The SEC’s Office of Compliance Inspections and Examinations is continuing on its presence exam initiative. Those exams are shorter which means the examiners can get to more fund […]
The Securities and Exchange Commission brought an enforcement action against Jeffory D. Shields, GeoDynamics, Inc., and several other business entities affiliated with Mr. Shields, alleging securities fraud. The businesses are oil and gas exploration and drilling ventures and Mr. Shields, as managing partner of GeoDynamics, marketed the interests Joint Venture Agreements. The district court granted […]
No, it’s not. “March 1st and March 2nd, NBC Studios will be in Norman B. Leventhal Park to film large crowd scenes for the pilot of their television series “Odyssey”. While filming will only be on the weekends, certain production work will take place during the week. Any set design or props in the Park […]
These are some of the compliance-related stories that recently caught my attention. Are You a “Rat Trader?” by Bruce Carton in Compliance Week Today I stumbled up on the following headline from the Chinese publication, Global Times: ”Rat trader faces 5-10 years for insider dealing.” Rat trader?? It turns out that in China, at least, “rat […]
Emory University accounting professor Shivaram Rajgopal points an accusatory finger at Securities and Exchange Commission employees and proclaims a pattern of selling stocks of companies subject to enforcement actions. His study finds “significant abnormal returns of (i) about 4% per year for all securities in general; and (ii) about 8.5% in U.S. common stocks in […]
In the presence exam initiative, the Securities and Exchange Commission identified conflicts of interest as a high risk area. Included in that high risk area is the allocation of fees and expenses. The SEC just brought charges against a private equity fund manager for the improper allocation of fees and expenses. The SEC charged Scott […]
Frank Hixon Jr. is trying to evade insider trading charges by denying he knew his father. His father is not a malevolent cyborg. His name is even easier to decipher than Darth Vader; It’s Frank Hixon Sr. Hixon is challenging the charges so I have only the government’s version of the facts. Perhaps he has […]
- Weekend Reading: Wheelmen
- Compliance Bricks and Mortar for March 7
- Compliance Lessons From My Dog
- Create an Introduction for the SEC
- Are Oil and Gas Investments “Securities”?
- Occupy Boston is Back…..
- Compliance Bricks and Mortar for February 28
- Are SEC Employees Profiting from Enforcement Actions?
- SEC Charges Private Equity Fund Manager with Misallocation of Expenses
- The Darth Vader Defense to Insider Trading