united

The Overbooking Failure

Air travel has gotten has gotten less pleasant over the years. The TSA makes it unpleasant to get to the plane. Then the plane themselves have reduced passenger room. United took the unpleasantness to an even lower level when it forcibly removed a passenger from an overbooked flight. “Flight 3411 from Chicago to Louisville was […]

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Bells and Walls

Compliance Bricks and Mortar for April 7

These are some of the compliance-related stories that recently caught my attention. You Need to Know This: YTD Securities Class Action Lawsuit Filings are Off the Charts by Kevin LaCroix in the D&O Diary Securities class action lawsuit filings have been going crazy. Securities suit filings during the first quarter 2017 set a pace that […]

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money_and_god

The One About The Defrauding Pastor

When you run across someone trying to get you to invest risk-free with a high annual return, you know you have run into a fraudster. Unless god is on the side of the investment, there is no such thing as a high-rate, risk-free return. Apparently, Larry Holley, the pastor of Abundant Life Ministries in Flint, Mich., […]

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bitcoin

No BitCoin ETF

I’ve said before that BitCoin is the Dutch Tulips of investments. The blockchain approach to recordkeeping is an interesting use of decentralized computed power for recordkeeping, but BitCoin units are less interesting. The main users are less than scrupulous users looking for ways to avoid things like anti-money laundering rules. Many bankers/traders see BitCoin as a way […]

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brick plants

Compliance Bricks and Mortar for March 31

It’s been a busy week, getting information and drafting for the Form ADV filing. I have a big stack of stories to read and write, but these are some of the compliance-related stories that recently caught my attention. United’s Policy Management Lessons by Matt Kelly in Radical Compliance Compliance officers who want a glimpse of […]

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Calculating Regulatory Assets Under Management for Private Funds

Private Real Estate and Regulatory Assets Under Management

It’s that time of the year again. Real estate fund managers registered with the Securities and Exchange Commission are working on their Form ADV filings. I’m hearing a few questions about the right way to calculate Regulatory Assets Under Management. The instructions to Form ADV Part 1 Appendix B provide three steps on page 9: […]

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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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