I came across this site containing statistics and information on misconduct of US congressional member, including ethics violations. It has a ton of information including misconduct numbers dating back to the 1790’s. https://www.govtrack.us/misconduct read more
Category: Compliance
SEC alert regarding ESG-related reviews
The Securities and Exchange Commission’s published a Risk Alert last week regarding its review of ESG investing – https://www.sec.gov/files/esg-risk-alert.pdf They explain how their staff will “evaluate whether they are accurately disclosing their ESG investing approaches and have adopted and implemented policies, procedures, and practices that accord with their ESG-related disclosures.” They will focus on Portfolio read more
Chief Compliance Officers – in the news for the wrong reasons
Links to 2 ComplianceWeek articles about Chief Compliance Officers showing up in the news for the wrong reasons. read more
Facebook Data Breach
It makes sense to check if your Facebook data was exposed. This site seems like a good place for that according to various news sites – https://haveibeenpwned.com/ This article from Forbes mentions that some users’ dates of birth were exposed by the Facebook breach. “As well as phone numbers and email addresses, the data exposed read more
Drop in calls to company ethics hotlines last year.
This article mentions decreased calls to corporate ethics hotlines – https://www.wsj.com/articles/reports-on-corporate-ethics-hotlines-fell-in-2020-11617615001 The SEC previously reported record tips to their whistleblower program. So what is going on? Maybe more employees are working remotely so they are not witnessing unethical or policy-violating behavior, or the way companies remind employees about their internal hotlines was focused on physical read more
Family Offices should expect more regulatory attention after Archegos
Family Offices will most likely see more monitoring after Archegos Capital Management rattled the stock market last week. Dan Berkovitz, the commissioner on the Commodity Futures Trading Commission, released a statement here about the need for increased regulation of Family Offices. https://www.cftc.gov/PressRoom/SpeechesTestimony/berkovitzstatement040121 Bloomberg had a good article about the Archegos situation at https://www.bloomberg.com/news/articles/2021-03-31/sec-opens-investigation-into-archegos-trades-that-sparked-rout Including this read more
SEC 2021 Priorities – useful information
The SEC 2021 Examination Priorities Report, https://www.sec.gov/files/2021-exam-priorities.pdf, came out. This article helps summarize it – https://www.natlawreview.com/article/2021-sec-examination-priorities-securities-industry-registrants read more
MessageWatcher is listed in the FINRA Compliance Vendor Directory.
MessageWatcher is listed in the FINRA Compliance Vendor Directory. read more
Need to hire a compliance professional?
Be sure to contact the Society of Corporate Compliance and Ethics to post a job on their Job Board. https://www.corporatecompliance.org/all-jobs read more
Discrimination lawsuits can cost your organization money and morale.
MessageWatcher helps prevent discrimination and helps you flag inappropriate electronic communication. The BBC, in their Diversity Box series, has listed some of the big discrimination lawsuits in this article., cases worth hundreds of millions that could help chip away at long-standing workplace inequality. http://www.bbc.com/capital/story/20180815-the-most-influential-us-workplace-discrimination-lawsuits read more