Over the past year, there has been an increased focus on Broker-Dealer Anti-Money Laundering (“AML”) programs. Last month, Kevin Goodman, National Associate Director of the Broker-Dealer Examination Program in the Office of Compliance Inspections and Examinations (“OCIE”), spoke at the … Read More
False promises and masqueraded lies cost a handful of small businesses more than $4 million. According to a recent Securities & Exchange Commission (“SEC”) press release, Nicholas Lattanzio, a New Jersey resident has been accused of “posing as a hedge … Read More
Last week, the Securities and Exchange Commission’s (“SEC”) Office of Investor Education and Advocacy (“OIEA”) released its 13th Investor Alert of 2015, Beware of False or Exaggerated Credentials. According to the website, the office issued the alert to inform investors … Read More
Recently, Andrew Ceresney, Director of the Division of Enforcement for the Securities and Commission Exchange (“SEC”), spoke at the University Of Texas School Of Law’s Government Enforcement Institute in Dallas. Mr. Ceresney reflected on the five-year anniversary of the SEC’s … Read More
Last week, the Securities and Exchange Commission (“SEC”) announced that SEC Chief of Staff Lona Nallengara will be leaving the agency at the end of June. According to the press release, Mr. Nallengara was well accomplished. Before his appointment as … Read More
Because the world of compliance is ever-changing, with some areas being elusive, Core Compliance stresses the importance of continuing education. Last week the Securities and Exchange Commission (“SEC”) released the schedule for Compliance Outreach Program seminars. This year, 6 major … Read More
Earlier this week, the Securities and Exchange Commission (“SEC”) filed an enforcement action against BlackRock Advisors LLC for failing to fulfill its fiduciary duty. According to the SEC order, while managing energy-related funds at BlackRock, Daniel J. Rice III … Read More
Last week, the U.S. Securities and Exchange Commission (“SEC”) announced that Marc Wyatt will succeed Andrew Bowden as the Acting Director of the Office of Compliance Inspections and Examinations (“OCIE”). Although Wyatt has been with the SEC since 2012, for … Read More
Last week the Securities and Exchange Commission (“SEC”) charged KBR, Inc., a Houston-based technology and engineering firm with violating whistleblower protection Rule 21F-17 enacted under the Dodd-Frank Act. According to the SEC, KBR used “improperly restrictive language in confidentiality agreements … Read More
Over the past few years, the Securities and Exchange Commission (“SEC”) has made it very clear that bringing enforcement actions for misconduct remains one of its top priorities. In 2014, the SEC reported having charged 80 people in cases involving … Read More