Tag Archives: SEC

Broker-Dealers Slammed with Tougher Custody Requirements

Stockpiling money

The SEC has instituted new reporting requirements for broker-dealers.* The rules are designed to strengthen audit requirements and give the regulator better insight into the way securities firms maintain custody of customers’ accounts. Broker-dealers will now be required to file … Continue reading →

Five Free Tools – Financial Websites You Might Not be Using

MarketWatch: Map of the Market

There are plenty of great websites with financial news and market data. Most people are familiar with Bloomberg.com, WSJ.com, MarketWatch.com and dozens of others. But finding additional online tools is always welcome. Continue reading →

SEC Scorecard on Its Financial Crisis Enforcement Actions

SEC Enforcement Actions

The U.S. Securities and Exchange Commission (SEC) recently released an updated tally of its enforcement of credit crisis-related matters—some open, some concluded. With new prosecutions largely behind it, and new leadership at the helm, what we see on the scorecard … Continue reading →

Spotlight on Cyber – Boards Lack Understanding of Vast Cyber Risk

World Cyber Risk

So far as directors’ and officers’ liability is concerned, there is a whole universe of potential cyber risk not understood at board level. Continue reading →

The SEC’s 2nd Whistleblower Bounty Comes from a Surprising Source

Reward

Perhaps concerned that 15% of zero is still zero, the U.S. Securities and Exchange Commission (SEC) recently announced that the second payout under its whistleblower reward program would actually come from recoveries first made by the Department of Justice in … Continue reading →

Cyber Disclosures of the Fortune 500, Part 3: How Companies Are Mitigating Their Cyber Risk

WILLIS FORTUNE 500 CYBER DISCLOSURE REPORT

Following SEC guidance, U.S. publicly traded companies disclosed the magnitude and type of cyber exposures they face—and (today’s topic) their  strategies for mitigating those risks. As the SEC stated, …registrants should also consider the adequacy of preventative actions taken to … Continue reading →

Cyber Disclosures of the Fortune 500, Part 2: How Cyber Exposures are Likely to Manifest

WILLIS FORTUNE 500 CYBER DISCLOSURE REPORT

Following SEC guidance, U.S. publicly traded companies disclosed the ways those risks are likely to manifest themselves—today’s subject in my three-part series about the findings of our cyber disclosure study. Continue reading →

Cyber Disclosures of the Fortune 500, Part 1: How Companies Rate Their Cyber Exposure for the SEC

WILLIS FORTUNE 500 CYBER DISCLOSURE REPORT

In our analysis of cyber exposures reported by the Fortune 500 to the SEC, we asked how companies rate the significance of their cyber exposures. (First in a series.) Continue reading →

5 Financial News Stories You May Have Missed: Clawbacks and Jelly

5 Financial News Stories

The stories that mattered in finance this week: clawbacks settlements, Libor, and jelly... Continue reading →

Video: Cyber Trends and Reaction to the SEC’s Cyber Guidelines

Tom Srail interviewed by Colleen McCarthy at RIMS 2013

Last week I had the chance to chat with Colleen McCarthy of WillisTV about trends in the cyber marketplace. To sum up, things are busy in the world of cyber insurance. Lots of claims are coming in and lots of … Continue reading →