Ontario’s incoming securities whistleblower program will promote better compliance culture among market participants, but the limited incentives and confidentiality it offers to informants may hamper its effectiveness, legal experts have warned. (more…)
Financial Regulatory Forum
By Michael Blissenbach, Regulatory Intelligence
(Thomson Reuters Regulatory Intelligence) – The U.S. Supreme Court on March 23 will hear arguments in a major Obamacare case over insurance and contraception, with a range of potential outcomes that became more complicated with the death of Justice Antonin Scalia.
By Lawrence Hsieh, Practical Law for Regulatory Intelligence
(Thomson Reuters Regulatory Intelligence) – New Jersey attorney Akshat Tewary, a founder of the financial reform group Occupy the SEC (OSEC), says fighting on the side of the “99 percent” is an uphill battle, but he can cite successes and a continuing effort to influence industry regulation.
By Nick Paraskeva, Compliance Complete contributing author
NEW YORK, Aug. 14 (Thomson Reuters Accelus) – Wall Street has asked regulators to consider ending the special supervisory status given to exchanges, saying that new technology such as dark pools and algorithmic trading has led to broker-dealers directly competing with exchanges for market share.
By Stuart Gittleman, Compliance Complete
NEW YORK, Dec. 10 (Thomson Reuters Accelus) – Preventing fraud, not just reacting once it occurs, should be the goal of every corporate compliance program, but business has a mixed record in encouraging employees to report suspected misconduct internally, speakers at a Thomson Reuters forum said Tuesday.
INTERVIEW: Whistleblowing is a duty if internal calls unheeded, U.S. bailout overseer tells compliance officers
By Stuart Gittleman
NEW YORK, July 31 (Thomson Reuters Accelus) – Compliance officers have a duty to become whistleblowers if their concerns are not heeded internally, Neil Barofsky, the watchdog over the U.S. financial crisis bailout program, told Compliance Complete in an interview.
By Stuart Gittleman
NEW YORK, May 29 (Thomson Reuters Accelus) – U.S. corporate officers and directors are increasingly concerned over the business and legal challenges their entities face from potential securities enforcement and criminal probes, lawyers and corporate officers are saying.
By Nick Paraskeva, Thomson Reuters Accelus contributing author
NEW YORK, May 18 (Thomson Reuters Accelus) – The SEC has new priorities in its 2012 exam program, including verifying firms’ holding of client funds and their net capital calculations.
CANADA, March 8 (Business Law Currents) – With the Supreme Court of Canada having put an end to the notion of a national securities regulator this past December, securities regulation and enforcement remain matters of provincial and territorial jurisdiction, at least for the time being. In the wake of that decision, several reports have recently been issued regarding enforcement activities by provincial regulators. (more…)