These are some of the compliance-related stories that recently caught my attention.
Whistleblowers Find SEC Rewards Slow and Scarce by Jean Eaglesham and Rachel Louise Ensign in the Wall Street Journal
An SEC spokeswoman declined to say how much money has been collected for any of the 658 enforcement actions the agency’s website lists as being potentially eligible for awards. She also declined to say how many, if any, of the pending award claims relate to cases in which no bounty is available, even if the claim is approved. [More…]
Law School Moral Hazard and Flawed Public Policy by Steven J. Harper in the CLS Blue Sky Blog
Law schools have become poster children for market dysfunction. As the Great Recession decimated the demand for new lawyers, a functioning market would have led most schools to reduce enrollments. Instead, the overall number of admitted students increased to more than 60,000 in 2010 – up ten percent from 2008. Three years later, the result was the largest-ever graduating class of JDs: 46,776 in 2013. Nine months after law school, only about half of them had found full-time long-term (“FTLT”) JD-required jobs.[More…]
SEC Broadens Constitutional Inquiry into Its Own Administrative Judges in Timbervest Case in Securities Diary
On May 27, 2015, the SEC agreed to expand its own consideration of constitutionality challenges to its administrative law adjudicative process. It issued an order asking for further briefing on whether the appointment of its administrative law judges conforms to the Constitution’s Appointments Clause. The order, which was issued in the administrative proceeding In the Matter of Timbervest LLC et al., File No. 3-15519, is laid out below. [More…]
How FIFA’s Structure Lends Itself To Corruption by Carl Bialik in FiveThirtyEight
FIFA has 209 member-nations, and each one’s soccer association is equally powerful in the sport’s governing body. Every member, from China (population: 1.36 billion) to tiny Montserrat (population: 5,215), gets one vote in the FIFA Congress. That means each one gets to cast a vote in the FIFA presidential election scheduled for this Friday in Zurich. And each one — from Brazil (five men’s World Cup wins, one of the world’s best women’s teams) to, well, let’s stick to Montserrat (men’s team never ranked higher than No. 165, women’s team unranked) — will get equal say in choosing hosts of future World Cups. [More…]
Bricked is by Henk Sijgers
CC BY NC
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