Members of Congress are looking to tweak rules issued by the Securities and Exchange Commission last year that allow the advertising and marketing of private securities offerings. Senate Bill 2498, Helping Angels Lead our Startups Act, also known as the HALOS Act, would ease requirements and restrictions on “demo days” and traveling road shows where […]
Joe Mont
Posted inUncategorized
White House adds Conflict Minerals Trade to Criteria for U.S Sanctions
Companies, scrambling to identify “conflict minerals” from the Democratic Republic of the Congo that may enter their supply chains, now have even more to worry about. President Obama this week set the stage for expanded sanctions against the militia-ravaged region. A new Executive Order, amending what was issued in 2006, expands sanctions criteria so they […]
Posted inBoards & Shareholders
Proxy Advisers Get New SEC Guidance on Conflict Disclosure
Amid growing scrutiny of proxy advisory firms and concerns about their influence over corporate governance matters and the potential for conflicts of interest, the Securities and Exchange Commission has issued new guidance. The slate of 13 questions and answers from the Division of Corporation Finance and Division of Investment Management addresses conflicts, the application of […]
Posted inUncategorized
Amid Regulatory Woes, Barclays Launches Compliance Career Academy
What do you do when your bank faces staggering fines from regulators around the globe? The response, by British banking giant Barclays, is to redouble its training efforts for compliance personnel and the employees they oversee. Barclays recently announced the creation of its Compliance Career Academy, a new effort intended “to transform and professionalize compliance.” […]
Posted inUncategorized
SEC Provides Fresh Advice on Verifying Accredited Investors
The Securities and Exchange Commission has offered up additional guidance on how hedge funds, venture capitalists, and start-ups should verify accredited investor status when they advertise private securities offerings. In July 2013, the SEC amended Rule 506 of Regulation D to allow general solicitation of private offerings. The SEC amendments, however, permit advertising and marketing […]
Posted inInternal Controls
States Making Tough New Breach Notification Demands
Florida put a tough new cyber-breach notification law into effect at the start of the month, replacing its older statute with more stringent demands upon any company that so much as interacts with consumers there. The state is hardly alone. Lacking a comprehensive federal law to guide the notification process, 47 states, the District of […]
Posted inTechnology
Companies Urged to Rethink Employee Policies in Light of NLRB Chaos
A Supreme Court decision last month tossed out hundreds of previously settled cases by the National Labor Relations Board. Now, as the government agency scrambles with its do-over, companies across the nation may be forced to share in its pain, potentially having to undergo the arduous process of revisiting their employment policies and creating new […]
Posted inUncategorized
Companies Urged to Rethink Employee Policies in Light of NLRB Chaos
A Supreme Court decision last month tossed out hundreds of previously settled cases by the National Labor Relations Board. Now, as the government agency scrambles with its do-over, companies across the nation may be forced to share in its pain, potentially having to undergo the arduous process of revisiting their employment policies and creating new […]
Posted inData Privacy
States Making Tough New Breach Notification Demands
Florida put a tough new cyber-breach notification law into effect at the start of the month, replacing its older statute with more stringent demands upon any company that so much as interacts with consumers there. The state is hardly alone. Lacking a comprehensive federal law to guide the notification process, 47 states, the District of […]
Posted inAccounting & Auditing
Amid Regulatory Woes, Barclays Launches Compliance Career Academy
What do you do when your bank faces staggering fines from regulators around the globe? The response, by British banking giant Barclays, is to redouble its training efforts for compliance personnel and the employees they oversee. Barclays recently announced the creation of its Compliance Career Academy, a new effort intended “to transform and professionalize compliance.” […]
