Some trusts are created as turnkey mutual fund operations that launch numerous funds to be managed by different unaffiliated advisers and overseen by a single board of trustees. The federal securities laws require all mutual fund directors to evaluate and approve a fund’s contract with its investment adviser, and the funds must report back to […]
Tag Archives | enforcement
SEC Issues First Whistleblower Payout
James McRitchie, 08/21/2012 ,
A whistleblower who helped the Securities and Exchange Commission stop a multi-million dollar fraud will receive nearly $50,000 — the first payout from a new SEC program to reward people who provide evidence of securities fraud. (more…)
Canadian Securities Administrators (CSA): 2011 Enforcement Report
James McRitchie, 02/28/2012 ,
Key highlights of the 2011 Enforcement Report: 66 of the concluded cases involved illegal distributions, which represented (more…)
Corporate Directors Forum 2012 – Part 2: Robert Khuzami, SEC Director of Enforcement
James McRitchie, 01/31/2012 ,
These are some relatively quick notes that I’m sharing from the Corporate Directors Forum 2012, held on the beautiful campus of the University of San Diego, January 22-24, 2012. Since I am busy with no-action requests this proxy season, this post may be a cryptic… not complete sentences bt hopefully mor intelligible thN txt msgN. Keynote Speaker: Robert Khuzami, […]
Video Friday: FCPA Compliance
James McRitchie, 12/17/2010 ,
SVNACD Avoiding the Crosshairs. A primer on anticorruption laws relevant to U.S. Companies, especially the Foreign Corrupt Practices Act (FCPA Discussion of the ramifications of the new whistleblower provision of the Dodd-Frank Act, particularly as it relates to FCPA enforcement Insight into the nuts and bolts of investigating FCPA allegations and dealing with the Department […]
Enhancing Shareholder Value: What's Hot in M&A and IP
James McRitchie, 10/25/2010 ,
It had been months since I’d attended an SVNACD breakfast meetings. Top talent was on hand, both among the panelists and in the audience. The facility at Wilson, Sonsini, Goodrich & Rosati was great. Sorry about photo quality… first time working with a new camera that I may not keep. As usual, my notes are […]
No One Knew it Existed: The SEC's Bounty Program
James McRitchie, 04/06/2010 ,
Since its inception in 1989, the SEC has paid out a grand total of $159,537. Five claimants have received money from the program since 1989, with one claimant taking home the bulk, $100k. The other four split $60,000. Bounty can’t exceed 10% of the amount recovered from a civil penalty but that limitation doesn’t seem […]