If you are a broker-dealer or a registered representative at one, you sign on for some meddling by FINRA. The self-regulatory organization is responsible for overseeing your securities business and even for your outside...more
5/9/2013
- Broker-Dealer Document Requests FINRA SEC
Readers of this space – and SEC observers generally – will recall a March 4 risk alert designed to warn investors about the ways U.S. investment advisers had recently been found to have violated the SEC’s asset custody rule....more
5/3/2013
- Custody Custody Rule Investment Adviser SEC Supervision
The SEC can express its displeasure with a particular securities practice in a number of different ways, with increasing levels of fun for the alleged malefactor. Here’s a non-exhaustive list:
1. One thing it can do...more
3/11/2013
- Custody Rule Investment Adviser SEC
Bruce Karpati, chief of the SEC’s Asset Management Unit (“AMU” or the “Unit”), recently spoke at the Private Equity International Conference in New York, and opened a window into the Unit’s views toward the industry. In...more
3/5/2013
- AMU Asset Management Compliance Private Equity SEC
Do you know what Jerry Seinfeld has been doing for the last fifteen years, since his eponymous sitcom went off the air in 1998? My daughters are big fans of Bee Movie, so I knew he starred in that and was sort of aware that...more
1/3/2013
The SEC brought a big insider trading case against a number of individuals in the Western District of North Carolina yesterday. The complaint alleges $11 million in illicit profits.
The complaint calls it an insider...more
12/6/2012
- Insider Trading SEC
The Public Company Accounting Oversight Board brought a settled action on November 13th against three outside auditors whose errors were measured not in substance, but in process. Dale Arnold Hotz, Jyothi Nuthulaganti...more
12/4/2012
- Audits Public Accounting Oversight Board
The SEC and Justice Department filed a massive insider trading case in the Southern District of New York yesterday. The actual defendants include University of Michigan neurology professor Sidney Gilman, hedge fund advisory...more
11/21/2012
- Insider Trading SEC
The Justice Department and the SEC released long-awaited joint guidance on enforcement and compliance with the Foreign Corrupt Practices Act yesterday. Many have pointed out that the guidance does not cover much new ground...more
11/16/2012
- Compliance DOJ FCPA FCPA Resource Guide SEC
