Late last week, one of my colleagues sent me an e-mail where he copied 8 other people, half of them I could not identify if my life depended upon it.  I then heard about the person who had a Twitter account with over 17,000 follwers, and was now being sued by his former employer over ownership of the account–

My colleague, Josh Horn, has written an amazing article that should be on every compliance officer’s desk.  It details methods for investigating and responding to ponzi schemes. 

In this day and age, we are met with another Ponzi scheme occurring or being uncovered almost every day.  Josh’s article is an exceptional primer since it details

The CFTC recently announced that it filed a record 99 enforcement actions in fiscal year 2011, which represented a whopping 74% increase over the prior fiscal year.  The CFTC charged individuals and corporations with a broad range of violations, including manipulation of commodity prices, perpetration of Ponzi schemes and other frauds, supervision and accounting failures

Thought you might be interested in a recent podcast I did concerning my securities law practice.  http://web.me.com/cordpar/Client_Development_Tips/Law_Consulting_Coaching_Podcast/Entries/2011/10/28_Developing_a_Securities%2C_White_Collar_and_Complex_Litigation_Practice.html

The SEC recently joined the FDIC, the OCC and the Federal Reserve in advancing the Volcker Rule for public comment.  The Volcker Rule is shaping up to be one of Dodd-Frank’s most contentious and confusing new regulations.

Volcker Rule proponents hope that it will, like the late-great Glass-Steagal Act before it, rein in risk-relishing bankers

The CFTC recently issued its final rules outlining the procedures, forms and standards that a potential whistleblower must follow to make a claim and receive an award.  The rules will be located at 17 CFR Part 165 and will become effective October 24, 2011.  Here are the highlights:

  • the Commission harmonized its rules with those

The Wall Street Journal reported that the SEC and the CFTC are owed approximately $4.5 billion in fines and disgorgement.  These figures date back as far as 2005.

Interestingly, the SEC and CFTC have let this debt continue for so long, and it causes one to wonder why the fines were imposed initially.  That is