Recently, the SEC amended its rules to create a separate Office of Ethics Counsel. The Ethics Counsel will now report directly to the Commission’s Chairman.
This organizational change is important
Analysis of cutting-edge securities industry issues
Recently, the SEC amended its rules to create a separate Office of Ethics Counsel. The Ethics Counsel will now report directly to the Commission’s Chairman.
This organizational change is important…
In a letter to certain senators, SEC Chairman Mary Schapiro has requested new statutory power to enhance the SEC’s Enforcement program’s effectiveness. In particular, the SEC is seeking statutory upgrades…
Continue Reading You Knew It Was Coming SEC Looks to Enhance Its Enforcement Program
The SEC adopted a rule requiring hedge fund and private equity fund advisors to report systemic risk data. The new Form PF was jointly developed by the SEC and the…
Continue Reading SEC Adopts Form PF so that Private Funds May Report Systemic Risk
An independent public interest group has asked the SEC’s Inspector General to investigate press reports that Staff members are using private e-mails to conduct agency matters to avoid oversight by…
Continue Reading SEC Staff’s Use of Private E-Mails Growing Concern
As some may have heard, on last Friday afternoon, the SEC decided to inform the world of its intention to change the settlement language in its cases. The SEC has…
A congressman recently introduced a bill that would create a private right of action against foreign companies for violations of the Foreign Corrupt Practices Act. This would allow for companies…
Continue Reading Could the FPCA Be the Next Battleground for Private Rights of Action?
At a recent conference, federal regulators, including the DOJ and the SEC, stated that they are aggressively pursuing investigations into private equity and hedge funds and their FCPA compliance.
Most…
Continue Reading FCPA Action Against Private Equity and Hedge Funds
The SEC and FINRA issued new broker-dealer branch inspection guidelines to securities firms so as to improve their supervision systems.
In particular, the SEC and FINRA have advised broker-dealers to…
Responding to numerous complaints, especially, regarding companies operating from the People’s Republic of China, the SEC has determined that it will tighten the listing requirements for companies involved in reverse…