RESULTS FOR: SEC
August 16, 2023 | Compliance Cyber Security
On July 26, 2023, the Securities and Exchange Commission (SEC) implemented new cybersecurity rules to require disclosure of material cybersecurity incidents within four business days, with limited exceptions. Additionally, public companies will be required to provide annual disclosures regarding cybersecurity governance and risk management in order to be more transparent about their cybersecurity posture. These rules become effective in December 2023 and will influence both compliance costs and the potential for enforcement actions.
Companies and entities subject to these rules … Read More
December 14, 2020 | Compliance Risk + Compliance
Although regulators often seek to empower compliance officers within their institutions, a troubling question lingers as to whether regulators are undercutting this important message by simultaneously sending mixed or unrefined signals about when a Chief Compliance Officer should be held personally liable for the compliance failings of his or her firm. The director of the U.S. Securities and Exchange Commission’s Office of Compliance Inspections and Examinations recently urged investment firms to empower Chief Compliance Officers (CCOs), saying, “The CCO is … Read More
March 1, 2019 | Financial Crime Consulting Investigations
Lesson From Apple
The Securities and Exchange Commission recently filed a lawsuit against a former Apple executive alleging he engaged in insider trading. According to the SEC’s complaint, as the previous global head of corporate law and corporate secretary, he was responsible for ensuring that employees complied with the company’s policy on insider trading. He also received material non-public information about Apple’s finances as a member of the company’s disclosure committee. The SEC alleges he, on at least three occasions, … Read More