» Weekend Reading: Brothers at War
21/10/17 13:00 from Compliance Building
With the threat of war (or the crazy rantings about war) with North Korea, I thought I should learn more about the history of the conflict. I realized that most of what I knew about Korea and the Korean War I had learned from MASH. In br...

» Compliance Bricks and Mortar for October 20
20/10/17 13:00 from Compliance Building
These are some of the compliance-related stories that recently caught my attention. 6 Trends in AML Compliance by Ambreesh Khanna Anti-money laundering regulations (AML), including Know Your Customer (KYC) requirements, are hardly a new ...

» Stock purchase scheme almost ensnares transfer agent
20/10/17 12:00 from Jim Hamilton's World of Securities Regulation
By R. Jason Howard, J.D. The Massachusetts District Court has granted VStock Transfer, LLC’s motion to dismiss after it determined that the plaintiff, B2 Opportunity Fund, LLC, failed to plead scienter in connection with a questionable t...

» Staff clarifies non-GAAP C&DIs on business combinations
19/10/17 15:04 from Jim Hamilton's World of Securities Regulation
By Mark S. Nelson, J.D. The SEC’s Division of Corporation Finance issued a new Compliance & Disclosure Interpretation explaining the application of rules for non-GAAP financial measures to forecasts used in business combination trans...

» Is a TIC a security?
19/10/17 14:32 from Compliance Building
TIC refers to Tenancy in Common, not the blood-sucking insect. A TIC is a completely legal way of owning real estate that has been around for hundreds of years. When one of the parties owning real estate dies, that ownership interest pas...

» Hoodoo Spells Fails to Ward Off the Feds
18/10/17 15:10 from Compliance Building
According to the SEC Complaint and Criminal Complaint, Dawn Bennett lived the life a classic ponzi schemer who got in over her head and continued to lie and cheat, perhaps hoping to find a way out. The story caught my attention for two r...

» TICs are securities under North Carolina law, NASAA argues
18/10/17 12:00 from Jim Hamilton's World of Securities Regulation
By John M. Jascob, J.D., LL.M. NASAA has urged the North Carolina Court of Appeals to uphold a trial court’s ruling that tenancy in common (TIC) interests were securities under North Carolina. Although disclaiming any interest in the out...

» Justices asked to reject government petition in ALJ case
17/10/17 12:00 from Jim Hamilton's World of Securities Regulation
By Mark S. Nelson, J.D. David Bandimere filed an opposition to the government’s bid to persuade the Supreme Court to decide the question of whether the SEC’s administrative law judges are appointed consistent with the U.S. Constitution’s...

» CFTC chairman, EC VP agree to common approach on trading venue, margin requirement equivalence
16/10/17 16:52 from Jim Hamilton's World of Securities Regulation
By Brad Rosen, J.D. In a significant development towards cross border harmonization with the European Commission, CFTC Chairman J. Christopher Giancarlo announced that the CFTC has agreed to a common approach with the European Commission...

» SEC committee considers promises and pitfalls of distributed ledger technologies
13/10/17 14:13 from Jim Hamilton's World of Securities Regulation
By Anne Sherry, J.D. A morning session of the SEC’s Investor Advisory Committee tackled cryptocurrencies and distributed ledger technology (DLT) and the implications of these emerging technologies on the securities markets. A group of in...

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