Call for More SEC Guidance On Compliance Officer Exposure

At the annual Compliance Week 2014, held last week, there was a general call for the SEC to provide the industry with better guidance regarding legal and compliance officers’ accountability for the misconduct of employees at their firms.  To date, the current rules do not address whether compliance personnel, who advise and consult with businesses management, should be classified as…

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SEC Issues Investor Guidance on Mutual Fund Fees and Expenses

Financial services firms should be aware that the SEC has recently stressed the importance of mutual fund fees and expenses disclosures, as well the impact they can have on an investor’s portfolio. In a recent Investor Bulletin, the SEC highlighted the fees and expenses that mutual fund investors typically incur. The SEC advises that investors should pay close attention to…

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Former Nvidia Corp. Accounting Manager Settles with the SEC on Insider Trading Charges

Chris Choi, a former Nvidia Corp. account manager recently settled with the SEC on insider trading charges. According to the SEC complaint, filed in the Southern District of New York, Mr. Choi tipped a friend with nonpublic information before the technology company’s 2009 and 2010 quarterly earning announcements. Mr. Choi provided his friend with information relating to the company’s revenue,…

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