Journal of Investment Compliance: Volume 16 Issue 4

Not just a compliance program, but an effective compliance program: SEC, DOJ issue strong reminders

Brett Ingerman, Michael D. Hynes, Brian H. Benjet, Kristina Neff

To alert corporations of a May 2015 speech issued by a top Department of Justice Official and a May 2015 settlement agreement between a global resources company and the Securities…

No more bullsh*t: securities opinions after Omnicare

Aegis Frumento, Stephanie Korenman

To review and analyze the implications for rendering opinions in connection with the sale of securities in the wake of the US Supreme Court’s decision in Omnicare, Inc. et al. v…

SEC issues proposed investment company reporting rules

Nathan J. Greene

To explain proposed rules recently issued by the US Securities and Exchange Commission (SEC) that would dramatically expand both public and non-public reporting of portfolios and…

SEC issues proposed investment adviser reporting and disclosure rules

Nathan J. Greene

To explain proposed rules and amendments recently issued by the USA Securities and Exchange Commission (SEC) that would impose more detailed reporting requirements for investment…

SEC approves NMS plan to implement Tick Size Pilot for small cap stocks

Bruce H. Newman, Cherie Weldon, Andre Owens

To explain a joint effort by the national securities exchanges to implement a Tick Size Pilot program. The pilot program would widen the minimum quoting and trading increments for…

The SEC’s Evolving Scrutiny of Private Equity Firms: KKR Hit with an Unprecedented Enforcement Action for Broken Deal Expense Misallocation

Veronica Rendon Callahan, Ellen Kaye Fleishhacker, Robert Holton, Steven A. Kaplan, Kevin Lavin, Michael Trager, Mark Sylvester, Pratin Vallabhaneni

– To explain and analyze SEC charges and settlement with Kohlberg Kravis Roberts & Co. (“KKR”) related to misallocation of broken deal expenses.

SEC proposes new compensation clawback rules

Andrew Brady, Rolf Zaiss, Nyron Persaud

To examine the proposed rules issued by the Securities and Exchange Commission (SEC) pursuant to Section 954 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of…

SEC staff issues money market fund reform frequently asked questions

Jack Murphy, Brenden Carroll, Stephen Cohen, Joshua Katz, Justin Goldberg

To explain the background and details of the responses from the Staff of the Division of Investment Management of the US Securities and Exchange Commission (SEC) to certain…

US Securities and Exchange Commission settles administrative action against fund manager concerning use of fund assets to pay management company expenses

Amy Ward Pershkow, Adam D. Kanter

To explain a recently settled administrative proceeding that the US Securities and Exchange Commission (SEC) brought against a private fund manager in connection with the use of…

New York BitLicense regulations virtually certain to significantly impact transactions in virtual currencies

Gary DeWaal, Guy Dempsey

– To analyze the New York State Department of Financial Services (NYDFS) final BitLicense regulations with respect to Bitcoin and other virtual currencies.

Solutions for risk data compliance under BCBS 239

Lukas Prorokowski, Hubert Prorokowski

BCBS 239 sets out a challenging standard for risk data processing and reporting. Any bank striving to comply with the principles will be keen to introspect how risk data is…

Combating money laundering by the banks in India: compliance and challenges

B Viritha, Velu Mariappan, Varun Venkatachalapathy

The study was conducted to assess the level of compliance with regulatory guidelines on anti-money laundering (AML) in the scheduled commercial banks in India, and to understand…

Editor’s letter

Henry A Davis