Massachusetts Amends and Extends Its Data Privacy Law
According to this press release from the Massachusetts Office of Consumer Affairs and Business Regulation, they have once again extended the deadline for complying the with the regulations. Now the regulations will take effect Jan. 1, 2010. I have not had a chance to analyze the differences yet, but here are the amended regulations under [...]
The Site is Live
Today, I imported the site from a private WordPress.com blog site to this domain. Check back next year for the blogoversary party! This marks the start of my third year blogging. I started my fist blog, KM Space, on this day in 2007. Image is from Petr Kratochvil at publicdomainpictures.net.
More Regulation Needed for Private Investment Funds?
Newedge Group’s Kirby Daley says no. He explains why the Obama Administration should not necessarily rush to impose stricter regulation of hedge funds in the wake of the Madoff case. See Fox News Video on Securities Docket.
Morgan Stanley Self-Reports FCPA Violation
In a February 9, 2009, 8-K Filing with the SEC, Morgan Stanley self-reported a violation of the Foreign Corrupt Practices Act: II. In an unrelated matter, Morgan Stanley announced today that it has recently uncovered actions initiated by an employee based in China in an overseas real estate subsidiary that appear to have violated the [...]
FINRA’s Guide to the Internet
FINRA has published a Guide to the Internet for Registered Representatives. It paints a difficult picture for registered representatives wanting to use Web 2.0 tools. FINRA breaks internet activity into five main group for purposes or regulatory requirements: Publicly available Web sites (including banner advertisements, blogs and bulletin boards) are considered advertisements. An email or [...]
SEC Requirements for Online Annual Reports and Proxy Statements
The SEC is trying to move investors further into the internet era with its new regulations on the ability to furnish proxy materials to shareholders by posting them on an Internet Web site and providing shareholders with notice of the electronic availability of the proxy materials. [SEC Release 34-56135] This is amendment to the original [...]
Recent Changes to the ADA and FMLA
Goodwin Procter presented a webinar on recent changes to the Americans with Disability Act and the Family and Medical Leave Act. Rob Hale moderating the presentation. Heidi Goldstein Shepherd led off with a background on the ADA. The key concept for employers is that it is up to the employee to request a “reasonable accommodation” [...]
Why Don’t Sanctions Deter Fraud?
Meric Craig Bloch theorizes that punishing people who are caught committing fraud is not an effective way to deter fraud. The reasons behind his theory: Employees who commit fraud don’t anticipate getting caught. The threat of sanctions does not deter them because they don’t expect to face them. To deter them, you have to raise [...]
Is Your Organization Adequately Prepared to Fight Today’s Workplace Fraud?
EthicsPoint published this webinar focusing on proper and efficient investigations. The presenter was Meric Craig Bloch, VP Compliance and Corporate Investigations of Adecco Group North America. Meric predicted more fraud coming into the workplace as part of this down economy. Managers are focused on making their numbers and it is harder to do. Profile of [...]
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