Browsing: Compliance

At the Low End of Insider Trading

05/11/2012
Stanley Ng, a former Marvell Technology Group Ltd. accountant, was sentenced to two years’ probation for his role in an insider-trading scheme involving the failed expert network Primary Global Research ...

Outsourcing Compliance

05/08/2012
Recent sanctions by FINRA highlight risks associated with outsourcing compliance.  However, outsourcing compliance functions makes sense for some firms, provided it is done conscientiously. The principal of a small broker dealer ...

4th Goldman Employee Under Investigation for Insider Trading

04/23/2012
New York, NY – Last week, Rajat Gupta’s lead attorney in his insider trading investigation said federal prosecutors informed him they were investigating an unnamed Goldman employee in California for ...

Another PM Pleads Guilty

04/17/2012
Prosecutors gained another cooperating witness in their latest insider trading case against hedge fund managers.  Danny Kuo, a former technology fund manager at Whittier Trust Co., pleaded guilty on Friday ...

Compliance Best Practices

04/16/2012
One fallout from the insider trading investigations has been increased compliance demands on research providers of all types.  Research firms have responded by upgrading their compliance infrastructure.  However, the new ...

Goldman Pays $22 Million to Settle ‘Huddles’

04/12/2012
Goldman Sachs agreed to pay $22 million to settle regulatory charges that its analysts shared confidential research with favored clients. The regulators alleged that Goldman analysts had weekly ...

JOBS Act Creates Stock Research Deja Vu

04/09/2012
New York, NY – Last week, President Obama signed into law the Jumpstart our Business Startups or JOBS Act.  This new law, which received bipartisan support from Congress, was written ...

More Hedge Funds Register Than Originally Expected

03/29/2012
Bloomberg reports that more hedge funds will register with the U.S. Securities and Exchange Commission than the SEC first predicted, expanding the reach of one of the most controversial requirements ...

STOCK Act Not to Limit Government Transparency

03/26/2012
New York, NY – Last week, the US Senate passed the House version of the Stop Trading on Congressional Knowledge (STOCK) Act in a 96-3 vote, thereby sending the final bill ...

New Developments in the “Duty of Trust and Confidence”

03/19/2012
New York, NY – To win an insider trading case, the prosecution needs to prove that the person who passed along the material non-public information breached a “duty of trust ...
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