Compliance Bricks and Mortar for June 30

These are some of the compliance-related stories that recently caught my attention.


SEC’s Clayton Vows to Do More Exams with Less Funding in AdvisorHub

SEC Chairman Jay Clayton testified to Congress on Tuesday morning that the agency will increase its examinations of investment advisers by 20% in the current fiscal year and nudge the numbers up a further 5% in fiscal 2018, despite requesting a slightly lower budget than in the current year. [More…]


My Retirement – Search for Successor by Roy Snell

I am retiring in March of 2020. At the outset, I would like to thank you for the opportunity to serve as CEO of this organization for the past 16 years. It has been a tremendous privilege to lead this organization and work with thousands of talented professionals.

In order to facilitate a smooth transition, we have a succession planning committee assisting in the process of finding a new CEO for SCCE and HCCA. [More…]


THE CCO AS A FUTURIST by Tom Fox in FCPA Compliance & Ethics

The Compliance Week 2017 Annual Conference opened this year with a Futurist, Dr. Brian David Johnson, who talked to the assembled group about where the compliance profession might be heading down the road. I thought about Dr. Johnson’s talk when I read an article in the most recent issue of the MIT Sloan Management Review by Amy Webb, entitled “The Flare and Focus of Successful Futurists”. One of the things that struck me was her opening line which reads, “Futurists are skilled at listening to and interpreting signals, which are harbingers of what’s to come. They look for early patterns — pre-trends, if you will — as the scattered points on the fringe converge and begin moving toward the mainstream.”[More…]


Supreme Court to Review Whether Dodd-Frank Anti-Retaliation Provisions Protect Internal Whistleblowers by Kevin LaCroix in The D&O Diary

[Y]ou might well have overlooked the fact that on Monday the Court also agreed to take up the question of whether or not the Dodd-Frank Act’s anti-retaliation provisions apply to and protect individuals who did not make a whistleblower report to the SEC. The lower courts have struggled with the question of whether or not the anti-retaliation protections extend to individuals who file internal reports within their own companies. A split on the issue has developed and now the U.S. Supreme Court will have the opportunity to address the question in the case of Digital Realty Trust v. Somers. The Court’s June 26, 2017 order granting Digital Realty Trust’s petition for a writ of certiorari can be found here. [More…]


Columbia professor Jackson leads field for SEC job by Sarah N. Lynch and Svea Herbst-Bayliss in Reuters

Columbia University law professor Robert Jackson is a leading contender for one of the two commissioner vacancies on the U.S. Securities and Exchange Commission, according to people familiar with the matter.If ultimately nominated by U.S. President Donald Trump and confirmed by the Senate, Jackson would fill a vacant spot reserved for a Democrat on the five-member panel. [More…]


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