Warren Buffet, David Sokol and Reporting to the SEC

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In the post on Tuesday we wrote and discussed several points about Warren Buffet, Berkshire Hathaway and David Sokol. One of the issues was disclosure to the Securities and Exchange Commission (SEC) of any possible securities violations. Another issue was the support provided by Warren Buffet at the time of the resignation of David Sokol in March. Writing in the DealB%K column of the New York Times on May 2, Andrew Ross Sorkin, said that one of Warren Buffet’s mantras is “Lose money for the firm and I will be understanding; lose a shred of reputation for the firm and I will be ruthless.”

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Thomas Fox, Compliance Evangelist | Attorney Advertising

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