Compliance Archive

Sep 25, 2020
Opinion: SEC reforms offer mixed bag for whistleblowers
The SEC on Wednesday voted 3-2 to adopt amendments to the rules governing the agency’s whistleblower program. Now about a decade old, the program has proven to be successful in generating high-quality information regarding securities laws violations that have enabled the SEC to halt fraud schemes and protect investors. Although we are pleased that the SEC took the time to adopt reforms that promote ef...
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Sep 11, 2020
General counsel launches ethics oath for in-house leaders
The general counsel of a UK-based digital marketing communications company has created a professional oath he hopes will be taken by senior in-house legal and compliance officials around the world. The general counsel oath is analogous to the Hippocratic Oath doctors take at the beginning of their career and is suggested for existing and incoming general counsel or individuals in roles such as chief legal officer, legal ...
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Aug 27, 2020
Chinese companies face new US listing challenges
Chinese companies listed in the US are facing a range of serious regulatory challenges right now. Not only has the US government taken a hostile position toward China in general, but a series of actions – by the Trump administration, Congress and Nasdaq – over the summer may also soon force them to make some difficult decisions with respect to their US listings. China-based accounting firms that audit US-listed companies have long refused to allow the PCAOB to i...
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Jul 23, 2020
SEC approves revised proxy adviser reforms
The SEC yesterday voted to adopt measures governing the proxy advisory industry but drew back from more far-reaching requirements it had initially proposed. Under the final rule amendments, proxy advisers will have to provide ‘specified conflicts of interest disclosure in their proxy voting advice.’ They will also have to adopt policies and procedures reasonably designed to ensure companies that are the subject of proxy voting advice have the advice made availab...
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Jul 20, 2020
Issuers and investors criticize SEC’s proposed 13F rule change
The SEC’s proposal to significantly change the thresholds for investors required to submit 13F filings has drawn the ire of issuers and investors. The SEC unveiled its proposed rule change on July 10. It would change the minimum reporting threshold from $100 million in US equities under management to $3.5 billion. Under the current rules – which haven’t been updated since their adopt...
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