Doug Cornelius on compliance for private equity real estate
These are some of the compliance related stories that recently caught my attention. The SEC at a Crossroads: Can Things Be Turned Around? by Broc Romanek in the CLS Blue Sky Blog Over the past fifteen years, the SEC’s reputation has been routinely sullied – in the press, by the Courts and certainly in the … Read more »
You may have heard the story about the computer programmer who outsourced his work duties and sat in is office watching cat videos all day. “Bob” was an “inoffensive and quiet” programmer in his mid-40’s, with “a relatively long tenure with the company” and “someone you wouldn’t look at twice in an elevator.” His company … Read more »
It’s tough to see a hero fall. I didn’t consider Lance Armstrong to be a hero for riding. But what he did for cancer survivors was remarkable. Until recently, cycling was filthy with doping. Take a look at the podium finishers for the Tour de France. Only two of the podium finishers in the Tour … Read more »
There was a kerfuffle in the news about employers demanding access to employees’ social media site. The stories stated the employers asked for the employees’ passwords, in addition to their usernames. In response, at least six states have started the legislative process to prevent employers from demanding that access. As you might expect, the tricky … Read more »
When I see a story about a chief compliance officer going to jail it catches my attention. Judge John F. Walter in the Central District of California sentenced Humberto Sanchez, the compliance officer of G&A Check Cashing to 60 months in prison. Private fund managers rarely have to worry about check cashing and bags of … Read more »
While entrepreneurs are looking to create crowdfunding portals under Title III of the JOBS Act, small business owners looking to raise capital should keep an eye on the regulatory changes under Title II of the JOBS Act. That may do a better job of opening the spigot for capital than the avalanche of crowdfunding portals … Read more »
When the JOBS Act passed last spring, there was a huge surge on the future of crowdfunding. In pursuit of the riches of startup investing, many ignored the already successful world of Kickstarter, Indie Go Go, and others that already successfully fund projects. Those platforms don’t show the investor a pot of gold at the … Read more »
These are some of the compliance related stories that recently caught my attention. On the lighter side there has been a bit attention focused on a presidential appointment. Jack Lew, President Obama’s reported pick to replace outgoing Treasury secretary Tim Geithner, has drawn some unusual scrutiny because of his signature. Jack Lew’s Terrible Signature May … Read more »
The 75 percent number represents the votes needed by the Baseball Writers’ Association of America for a candidate to granted entry to baseball’s Hall of Fame. There were 569 ballots cast. On Wednesday, the BWAA announced that one of the greatest hitters and one of the greatest hitters in the history of baseball were denied … Read more »
Maxim Mironov of the IE Business School in Spain, has some research showing that corruption can lead to success. At least it appears to be successful in Russia. Mironov devised a method for measuring a Muscovite’s “propensity to corrupt” using data on traffic accidents and traffic violations from 1997 to 2007. He then used this … Read more »