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After the picture, back to compliance…
These are some of the compliance stories that recently caught my attention.
The Real Value of Lawyers to Compliance by Michael Volkov in Corruption, Crime & Compliance
The most effective compliance programs usually are built around a strong partnership between a chief compliance officer and a general counsel. They are natural partners, assuming that egos do not get in the way, and should work together to advance the company’s compliance program. Lawyers have two very specific benefits that should be incorporated into an effective compliance program. [More…]
How Con Artists Manipulate Your Emotions in Genius (and Evil) Ways by Maria Konnikova in bigthink.com
The Ben Franklin effect is an oddly simple phenomenon. It was first discussed, as one could guess, by the man himself in his autobiographical writings. Benjamin Franklin used it on legislators that he was at odds with, to make them be more kind to him. [more…]
Why Your Compliance Officer Should Talk About Texting by Margaret Scavotto, JD, CHC in SCCEs The Compliance Ethics Blog
A growing number of corporations are establishing social media policies. This trend is particularly salient in the healthcare industry, where employee social media posts can violate HIPAA. The news abounds with stories of tweets, Facebook posts, and Snapchats taken in hospitals and nursing homes, many posted inadvertently, which raise both HIPAA issues and patient dignity concerns – two high priority items for any compliance officer. These social media policies can also be used to address employee texting, which can lead to similar violations. [More…]
A Ponzi Scheme Where One Investor Directly Paid Another by T. Gorman in SEC Actions
In the typical Ponzi scheme unscrupulous individuals induce investors to part with their cash based on a series of misrepresentations about the proposed investment. The investor money is then in part misappropriated and in part used to repay other investors in an effort to perpetuate the scheme. In the Commission’s latest Ponzi scheme case however, the alleged fraudster induced investors to repay other investors directly. [More…]
