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Woodberry - Snowy Brick Wall

Compliance Bricks and Mortar for March 24

These are some of the compliance-related stories that recently caught my attention. Women in banking To err is human, to get fired for it … female by Tanaya Macheel in American Banker One of the latest studies of gender differences in financial services finds female advisers accused of wrongdoing are 20% more likely to lose […]

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trumpland

The Republican Agenda and Private Real Estate

Since President Trump is deep in private real estate, maybe there will be some good things coming to the industry during his administration.  There were six major themes that President Trump campaigned on the most: Immigration and the wall Trade fairness Tax changes Healthcare changes Dodd-Frank changes De-regulation in general Other than immigration, President Trump […]

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Happy-St-Patricks-Day

Compliance Bricks and Mortar – St. Patrick’s Day Edition

Since I work in Boston and my office is next to the Black Rose, it’s hard to ignore St. Patrick’s Day. And yes, the Black Rose was already full of drinking patrons at 9:00 am. Getting past all the Irish cheer, these are some of the compliance related stories that recently caught my attention. Super […]

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ketchup heinz

The Case of the Security Guard with Ketchup on his Hands

With the flow of announcements from the Securities and Exchange Commission, odd things will catch my eye for further review. For the insider trading case against Todd David Alpert, it was because the SEC said that he “worked as a security professional at the home of a Heinz board member.” A tilt of my head left me […]

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Im-just-a-bill -schoolhouse rocks

Financial Choice Act

Congress is currently occupied with health care. That is just one item on the agenda for the Republican leadership in Congress and President Trump. All have mentioned in one way or another to undo some of the evils of Dodd-Frank. The big questions is how long will it take to move the American Health Care […]

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Compliance Bricks and Mortar for March 10

These are some of the compliance-related stories that recently caught my attention. SEC Reduces Whistleblower Bounty Based On Culpability And Delayed Reporting by Harris Mufson, Steven J. Pearlman and Amy Blackwood in Proskauer Whistleblower Defense On February 28, 2017, in an Order almost entirely devoid of detail, the SEC announced that a whistleblower will receive […]

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Arrest, close-up man's hands with money in handcuffs.

Inadvertently Obtaining Custody

The concept behind the custody rule is simple. The adviser needs to hold client assets safely and needs a third -party to verify that the adviser is actually holding the assets. But as it’s been put in place, the Custody Rule is complicated. At times the SEC has needed to provide guidance, and then provide […]

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fearless girl

The Fearless Girl

The sculpture, titled “The Fearless Girl,” was made by Kristen Visbal and photographed by Federica Valabrega. State Street Global Advisors conspired in the middle of the night to drop a statue in Bowling Green Park of a girl facing off against the famous Wall Street Charging Bull. It’s part of a campaign by SSGA to […]

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The SEC Is Using Satellites To Hunt For Fraudsters

I did not find the headline to be remarkable: SEC Charges Mexico-Based Homebuilder in $3.3 Billion Accounting Fraud. The subtitle caught my attention: SEC Uses Satellite Imagery to Crack Case We learned from the Rajaratnam insider trading case that the SEC was using wire taps and informants as part of its securities fraud investigations. The SEC […]

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Compliance Bricks and Mortar for March 3

These are some of the compliance-related stories that recently caught my attention. Detecting Managed Earnings With CEO Profiles by Tri Nguyen, Chau Duong and Sunitha Narendran in the CLS Blue Sky Blog We offer the PSCORE, a composite grouping of individual characteristics linked with a higher likelihood of earnings management by prior research. We identified […]

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