Tag: Dodd-Frank

silver whistle on green background

Retaliation? Tell It to the SEC

Posted by - April 3, 2018
Implications for Compliance Program from the Digital Realty Ruling The Supreme Court ruled recently on the Digital Realty v. Somers case, and the decision is significant from a compliance standpoint; potential informants are incentivized to report directly to the SEC rather than through internal channels. Peter Rasmussen of Bloomberg Law…
closeup of judge striking gavel

What Is the Current State of Anti-Bribery and Corruption Prosecution?

Posted by - March 23, 2018
Trump and the FCPA Instances of global corruption pepper our newspapers and news feeds. Closer to home, allegations of corruption have taken center stage in the American political landscape, and President Trump has been openly critical of the Foreign Corrupt Practices Act, leaving many in the compliance field to wonder…
broken red padlock on textured gray background

Good News for Whistleblowers

Posted by - October 10, 2017
SEC Issues Statement on Cybersecurity High-profile data breaches seem to come fast and frequently these days. Last month, the Securities and Exchange Commission revealed it was the target of a cyberattack through which the criminals gained access to nonpublic information. With the announcement, the SEC declared its renewed focus on…
business team wearing phone headsets

The Battle for Call Recording Compliance

Posted by - September 14, 2017
A “Call” to Arms for Banks In the wake of growing and complex financial legislation, many banks and financial service companies in the U.S., Europe, and Asia have been looking to ensure the activities of their traders and contact centers are compliant with these regulatory requirements. However, call recording compliance…

Startups Should Plan for Regulatory Challenges from the Outset

Posted by - September 7, 2017
Fast-growing companies should prepare now for what the government might throw at them in the future, writes veteran counselor with national law firm LeClairRyan Richmond, VA (September 7, 2017) – Rapid growth can trigger the need to comply with complex regulations, but smaller companies often fail to plan ahead for these challenges,…
placard reading Jeff Sessions on desk with American flags

AG Sessions Vows to Continue Enforcement of FCPA

Posted by - July 20, 2017
Penalties for Noncompliance Remain Severe Attorney General Jeff Sessions has identified enforcing the Foreign Corrupt Practices Act as a high priority for the Trump administration in its ongoing efforts to combat corporate misconduct.  News of this, along with other statements by officials within the Department of Justice, came as a…
canvas bag full of money

Don’t Mess with the SEC Whistleblower Program, Part 2

Posted by - April 11, 2017
We’re all in agreement that culpable whistleblowers should not be eligible for financial awards. But Dan Hurson argues that legislation already in place has guards against the potential of awarding guilty parties. And the vast majority of whistleblowers have kept their hands clean anyhow. The inclusion of a “co-conspirator” disqualifier…
highway sign with X through “Dodd-Frank Act”

Dodd-Frank is Unlikely to Be Repealed

Posted by - April 11, 2017
There is a distinct lack of consensus in Washington on a lot of political fronts these days, but there’s an especially heated debate in process over the Dodd-Frank Act. Dodd-Frank is a complex, cumbersome piece of legislation, and even many of its supporters would concede that changes are needed. At…
man cutting $50 bill

Don’t Mess with the SEC Whistleblower Program, Part 1

Posted by - April 10, 2017
One of the more hotly contested issues with Dodd-Frank was that the Act would encourage misconduct – that the promise of ample compensation for whistleblowers would in fact incentivize individuals to direct or participate in criminal behavior, then reward those culpable for the wrongdoing. But the authorities have made clear…
bank teller's window

Sun May Be Rising for Community Banks

Posted by - March 3, 2017
A new world of opportunity for community banks may be opening up this year, as new Federal Financial Institutions Examination Council (FFIEC) rules for smaller community banks take effect. The new rules should lessen the regulatory burden community banks face – a welcome change, given that these institutions have been…
man tearing up paper that reads “rules”

Are Best Practices Being Reinvented in Hedge Fund Risk Compliance?

Posted by - February 23, 2017
Hedge funds face a disproportionately complicated regulatory environment in which many buy-side players face additional requirements when compared with the sell-side. Within this landscape, hedge funds are looking for holistic compliance controls, different risk and analytics controls, and integrated analytics. Steven Anikewich explains.
The consequences of dismantling the legislation

What Does Trump’s Presidency Mean for Dodd-Frank Whistleblowers?

Posted by - February 1, 2017
President Trump’s promises to dismantle the Dodd-Frank Wall Street Reform and Consumer Protection Act raise questions about how a repeal plan could impact whistleblowers. The Act created two whistleblower reward programs and enhanced the protections available to certain whistleblowers subjected to retaliation. Here’s how the changes could shake out.