Former SEC enforcement official and Murphy & McGonigle partner, Stephen Crimmins discusses the SEC’s in-house court in Law 360 article, SEC Won’t Back Down After Latest In-House Court Setback. An ultimatum from a New York federal judge on Monday gives the U.S. Securities and Exchange Commission another reason to reconsider an aspect of how its controversial in-house court is run, yet attorneys expect the agency won’t give up so easily and address what another federal jurist has said is an “easily cured” problem.
Steven Feldman will present “Ripped from the Headlines: Managing Environmental Investigations, Regulatory Enforcement Actions, and Criminal Inquiries,” a Corporate Counsel sponsored event at the Environmental Compliance and Commitment Legal Summit.
On July 20, The New York Times reported that the New York State Department of Financial Services has stepped up its investigation of Promontory Financial Group, a leading global financial services consulting firm. Promontory is under the department's scrutiny for having allegedly doctored a report on international sanctions compliance, which Promontory prepared for a client bank to submit to federal and state regulators. If New York takes action against Promontory, it would be the third major consulting firm in as many years that the regulator will have punished for sanitizing problematic regulatory reports in response to bank pressure. The department has already fined Deloitte $10 million and imposed a one-year ban on agency-related work for similar misconduct, and has likewise fined PricewaterhouseCoopers $25 million and imposed a two-year agency ban.
Tom Fox of the Compliance and Ethics Report podcast interviewed Tim to discuss the recently handed down FIFA indictments. (Compliance & Ethics Report #179)
Steve Feldman and Alexandra Marinzel author FCPA article for Grassi & Co. - For any company doing business internationally, knowledge of the United States’ Foreign Corrupt Practices Act (“FCPA”) is a must. Running afoul of this federal law can come with serious consequences, both for individuals and for the company. Last year, ten companies paid over $1.5 billion to resolve FCPA actions with the Department of Justice (“DOJ”) and the Securities and Exchange Commission (“SEC”). In addition to financial penalties, FCPA enforcement actions can also result in criminal charges, including charges against individual company employees and management. FCPA enforcement has been a top government priority for a number of years and there is no indication that enforcement will slow down anytime soon. To avoid finding you or your company in such a predicament, it is important to be aware of potential FCPA issues and to take action should any issues arise. To help you be prepared, this article will explain what the FCPA law is, what it prohibits and requires, identify situations in which FCPA risks and concerns may arise, and explain what to do should your company have concerns. The goal is to help you identify risky situations that raise FCPA concerns so you can proactively deal with the issues.
James Goldfarb spoke at 2nd Annual Western Regional CLE Program on Class Actions and Mass Torts.