A Financial Industry Regulatory Authority (FINRA) investigation under Rule 8210 isn’t something to panic about. Nor is it something to take lightly. Depending on the regulatory agency’s findings, yourself or your firm may face severe penalties. That can include a temporary or permanent ban from the industry or monetary fines.
There is an opportunity to help lighten the discipline, however.
Former New York congressman Chris Collins has resigned after a long fight with the Securities Exchange Commission over insider trading charges.
Mr. Collins was expected to be tried in February, along with his son, Cameron Collins, and another man named Stephen Zarsky. All of them plead not guilty at the time. However, circumstances changed on Oct. 1 when Collins plead guilty for conspiracy to commit securities fraud and lying to federal investigators.
Your company’s computers are a treasure trove of valuable information. You try to protect employee, customer and business data from fraud and thievery every day.
One thing you protect your information from is phishing. Phishers can use email to target information like yours. If they get their hands on it, they’ll use that information for their personal gain.
The internet is an important tool for business owners—it is integral to almost every part of a company. Data about clients and potential customers can be stored in the cloud and accessed from any computer. Employees can collaborate and create whether they are in the office, at home or across the world on a business trip. It can be hard to imagine a world without these modern-day luxuries.
Unfortunately, the internet also comes with its own risks. Any data uploaded to it is at risk of being accessed by malicious third parties who may be seeking trade secrets or simply information to take ransom. Stories of businesses, both large and small, falling victim to digital attacks dominate the news. Facebook, Uber and Equifax have all been hacked in recent years. (Source: “Eliminating Cyber Threats in 2020: Why Enterprises Need to Rethink Cyber security”, Entrepreneur)
The misconception that the government has gone soft on white-collar crime is alive and well. This is unfortunate for investors, hedge fund managers, financial advisers and corporate officers in the financial industry among others. White-collar professionals need to be wary of the pending public backlash and over-correction by enforcement agencies and prosecutors.
A trial that has captivated two nations and includes enough drugs, money, and corruption to keep true crime enthusiasts busy for decades has reached the sentencing stage in U.S. Federal Court.
A federal jury issued a verdict of acquittal in the Platinum Partners criminal case, finding former Chief Financial Officer Joseph SanFilippo not guilty on all charges against him.
Do you have any real or perceived conflicts of interests? Your answer will be crucial after the Securities and Exchange Commission's adoption of a rule designed to curb conflicts of interests and provide investors with more information about their brokers.
We've been following the saga of Elon Musk's run-ins with the Securities and Exchange Commission (SEC) since last year. A theory put forward by a respected lawyer and corporate governance expert now says that the SEC and Elon Musk may be a perfect match.
We are happy to announce that our very own Adam Ford has been named a Super Lawyer for 2019!
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