December 1, 2011
The New World for Ethical Organizations
NSCP Currents
Just as compliance professionals acted as a force for reform following the enactment of the Sarbanes-Oxley Act reforms in 2004, they can do so again From the massive corporate frauds at Enron and WorldCom, to the recent scandals arising out of subprime mortgages and mortgaged-backed securities, it seems that the last decade has witnessed an...
Articles & Perspectives
December 1, 2011
US Financial Reforms & Global Financial Institutions: A View From All Angles
Late in 2011, [Jordan Thomas][prior firm][‘s] convened an esteemed panel to explore, for the benefit of the UK media, the effect of US financial reforms on international financial institutions. Panelists included [firm] attorneys Jordan Thomas and Dominic Auld; Irving Henry of the British Bankers Association; and Simon Collins, from the Association of Professional Compliance Consultants....
Articles & Perspectives
November 28, 2011
Pension Funds as Whistle-blowers – Internal Compliance and Portfolio Companies Need Scrutiny
Pensions & Investments
Jordan A. Thomas wrote an article published in Pensions & Investments, explaining how the new whistleblower regulations impact pension funds and the critical role they must play to ensure an ethical corporate culture. In this article, Jordan A. Thomas examines the new whistleblower provisions and how they will impact pension funds. Pension funds, who are...
Articles & Perspectives
November 23, 2011
Investment Advisors in a New Era of Regulatory Scrutiny
Labaton Sucharow
Over and above increased activity by Financial Industry Regulatory Authority (FINRA) and other self-regulatory organizations (SROs), investment managers are increasingly coming into the crosshairs of the Securities and Exchange Commission’s [SEC] Division of Enforcement, as I recently noted in this article for the National Association of Active Investment Managers (NAAIM). In 2010, the SEC created...
Articles & Perspectives
November 17, 2011
The SEC Whistleblower Program: A Revolution in Law Enforcement?
AssetSearchBlog.com
Jordan A. Thomas authored an article for the Asset Search Blog, looking at the recent progress of the SEC’s enforcement program.
Articles & Perspectives
November 17, 2011
Finding the Hidden Fruits of Corporate Fraud
Labaton Sucharow
Check out my guest post over at Fred Abrams’ Asset Search Blog discussing the impact of human intelligence and the locating of hidden assets on the prosecution of securities violations under the Securities and Exchange Commission’s [SEC] new whistleblower program. The program, enacted under the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act, encourages...
Articles & Perspectives
November 14, 2011
Whistleblowers and Corporate Misconduct: New Challenges and New Opportunities for HR Directors
HRmagazine.co.uk
New Challenges and New Opportunities for HR Directors As various countries develop regulations to encourage the reporting of corporate misconduct, HR professionals stand at a crossroads between the companies they serve and the employees they protect. On a good day, this tension is creative; HR professionals foster greater company loyalty and help companies invest in...
Articles & Perspectives
November 11, 2011
SEC Whistleblower Program – Early Results Point to Huge Potential Impact
Labaton Sucharow
Even though it only became effective in August, the Securities and Exchange Commission’s (SEC) new whistleblower program is already having a powerful impact, according to the Annual Report on the Whistleblower Program released by the SEC this month. According to the report, the SEC received 334 whistleblower tips in the seven weeks since the program...
Articles & Perspectives
November 7, 2011
The Limitations of Corporate Compliance: Establishing an Ethical Culture in an Era of Scandal
New York Law Journal
With a strong ethical culture, an organization is able to instill in its employees a sense of stewardship and personal accountability that looks beyond the next quarter’s earnings. After more than 15 years in federal law enforcement, first as a Trial Attorney at the Department of Justice and later as an Assistant Director in the...
Articles & Perspectives
November 3, 2011
Establishing and Maintaining an Ethical Corporate Culture
Labaton Sucharow
In-house corporate compliance programs have recently undergone a positive transformation, including the growth of strong and independent compliance functions. But as I argue in a recent New York Law Journal article, to remain successful and scandal-free in this era of corporate wrongdoing, organizations must be more forward-looking and establish a culture of integrity that deters...
Articles & Perspectives
October 11, 2011
Advocacy & Counsel for the SEC Whistleblower: A Primer for Employment Lawyers
BNA Daily Labor Report
A Primer for Employment Lawyers The protections and incentives for whistleblowers provided by the Dodd-Frank Wall Street Reform and Consumer Protection Act will result in a significant increase in whistleblower activity and, by extension, will have a huge impact on the workplace environment, attorneys Tammy Marzigliano of Outten & Golden and Jordan A. Thomas of...
Articles & Perspectives
September 6, 2011
Whistleblowers & PE
Private Equity Manager (PE Manager)
Potential whistleblowers have been newly incentivised to report possible violations, and will receive previously unheard of levels of protection for doing so Jordan Thomas, partner at [prior firm], says many GPs don’t appreciate the significant impact the whistleblower provisions in Dodd-Frank will have on their businesses and what they can do to address them. Under...
Articles & Perspectives