Are your compliance processes too complicated? Let the cloud simplify them! From Geek and Poke.
In the last six and half years the Securities and Exchange Commission has reached settlements with over 300 defendants in cases related to alleged Ponzi schemes. NERA Consulting has been tracking these SEC settlements since the Sarbanes-Oxley Act was enacted in July 2002. In that time frame there have been 12 Ponzi scheme settlements that […]
In drafting and updating my code of conduct and ethics it is always useful to see what other companies are doing. I look for both approach, content and style. For instance, I collected the Whistleblower Hotlines for Home Builders. It is great to see a comparison of a group of compliance codes. KPMG put together […]
Here are a few stories and items that caught my eye, but I have not had time to build-out to a full post: Reminder to Review Insider Trading Compliance by Melissa Klein Aguilar for Compliance Week The SEC settled an administrative proceeding this month involving Merrill Lynch based on the firm’s failure to have adequate […]
These are my notes from a webinar presented by Knowledge Management Associates, Inc. that featured speaker: Sean Megley, KMA SharePoint Architect and resident “compliantist.” What contributes to the cost of compliance?: Lack of Tools Ad hoc audits Random frameworks Unreliable results Sean thinks we should free ourselves from the “tyranny of spreadsheets and email!” The […]
The American Recovery and Reinvestment Act of 2009 included some relief for laid-off employees. One of the biggest is a 65% subsidy for the payment of health plan payment from the government for certain eligible participants in COBRA health plan continuation coverage. ARRA mandates that health plans notify certain current and former participants and beneficiaries […]
The Society of Corporate Compliance & Ethics is promoting the week of May 3-9, 2009 as Corporate Compliance & Ethics Week.
Garrity, Graham, Murphy, Garofalo & Flinn and PRMIA (Professional Risk Managers International Association) sponsored a webinar that focused on the signs of fraud and what you can do detect fraud in the context of hedge funds. The agenda and my notes: The profile of a fraudster (James Tunkey, I-OnAsia) The psychology of the gullible investor […]
Yesterday, Madoff’s auditor was arrested for falsely stating that the firm had audited the financial statements. No surprise that such a small firm could be auditing a supposedly large investment company like Madoff Investments. Just in time, the AICPA (that’s the American Institute of Certified Public Accountants) has expelled Friehling from its membership following an […]
- Compliance Bricks and Mortar for April 17
- $250 Could Cost a Firm $6.1 Million
- Pyramid Scheme or Ponzi Scheme
- Invest With Managers Who Eat Their Own Cooking
- So It’s a Security, But Maybe the Private Placement Was Okay?
- Compliance Bricks and Mortar for April 10
- Sure Fire Way To Spot a Fraud: Look for the SEC Seal
- Personal Foul Called on Athlete Lending Firm
- The Producers Success and Oil Wells
- Norman Leventhal