Tag Archives: SEC

JOBS Act Analysis: Reduced Disclosure Requirements for IPOs (2nd in a Series)

by Ann Longmore, May 2, 2012 | Posted in Featured, Financial Services

The JOBS Act (formally, the “Jumpstart Our Business Startups Act“) was designed to facilitate raising capital by reducing regulatory burdens. Specifically, the Act creates a separate class of issuers under the U.S. Securities Act of 1933 and the Exchange Act … Continue reading → Continue reading →

US-Style Corporate Plea Bargains “Imminent” in UK

by Francis Kean, April 23, 2012 | Posted in Directors & Officers

The UK’s Solicitor-General has announced an imminent consultation paper relating to the introduction of US style Deferred Prosecution Agreements (DPAs) for companies. This type of arrangement has been in place in the US for some time and is often used … Continue reading → Continue reading →

5 Financial Stories You Might Have Missed — And a Tap-out

by Richard Magrann-Wells, April 20, 2012 | Posted in Financial Services

Overdraft Oversight Overboard? The new Consumer Financial Protection Bureau has announced that it will be reviewing overdraft policies and procedures at nine of the nation’s largest banks. One focus of the inquiry Continue reading →

Video: How Will New SEC Guidance on Cyber Disclosures Affect the Cyber Liability Market?

by Tom Srail, April 17, 2012 | Posted in Cyber Risk

Our cyber risk expert explains the implications of the SEC's recent guidance on cyber disclosure in this video from the RIMS convention floor. Continue reading → Continue reading →

Boards Need to Wake up to Cyber Threats and Liabilities

by Francis Kean, April 12, 2012 | Posted in Cyber Risk, Directors & Officers

There is a whole universe of potential cyber risk not understood at a board level, and company directors must wake up to cyber threats or risk litigation from all sides. Continue reading →

JOBS Act Analysis: What the Law Means for Small Businesses, Financial Institutions, and Insurers (1st in a Series)

by Richard Magrann-Wells, April 11, 2012 | Posted in Financial Services

With the signing of the JOBS Act 2012 (Jumpstart Our Business Startups), the ability for smaller companies to raise money—and financial institutions to get in trouble—just got easier. Continue reading →

SEC Imposes Record Fine Against U.K. Hedge Fund Manager

by Michael White, April 6, 2012 | Posted in Financial Services

The SEC has obtained a record fine against a U.K. hedge fund manager—a judgment with serious implications for financial services officers. Continue reading → Continue reading →

Financial Stories You Might Have Missed – And a Note of Irony

by Richard Magrann-Wells, March 23, 2012 | Posted in Financial Services

A New Class of Exports – Class Action Goes International Countries export when they have a surplus.  Japan produces cars.  France produces wine. America, well, America produces lawyers. In the last 12 years the number of countries that allow class actions … Continue reading → Continue reading →

5 Financial News Stories You May Have Missed – And a Penalty Flag

by Richard Magrann-Wells, March 2, 2012 | Posted in Financial Services

1.The Dog Ate My Regulation. The Fed is Late Delivering the Volcker Rule. When the financial reform was being discussed shortly after the credit crisis, former Fed Chairman Paul Volcker suggested that federally insured banks should not be allowed to … Continue reading → Continue reading →

5 Financial Stories You May Have Missed – And a White Hot Development

by Richard Magrann-Wells, February 24, 2012 | Posted in Financial Services

1. Is SEC “Breaking the Buck” and the Money Markets? Money markets funds are funny animals. They are mutual funds, but unlike most funds they are extremely short term and invest in US Treasury bills and commercial paper.  But what makes … Continue reading → Continue reading →