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Nov 6, 2024 | 
mondaq.com | Patrick Campbell |John Carney |Jimmy Fokas |Carlos Ortiz
On October 23, 2024, the New York City Bar Association hosted
its third annual Compliance Institute with noteworthy keynote
remarks from U.S. Securities and Exchange Commission (SEC)
Commissioner Hester Peirce and Principal Associate Deputy Attorney
General (PADAG) Marshall Miller.
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Nov 4, 2024 | 
jdsupra.com | Patrick Campbell |John Carney |Jimmy Fokas
Key Takeaways On October 23, 2024, the New York City Bar Association hosted its third annual Compliance Institute with noteworthy keynote remarks from U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce and Principal Associate Deputy Attorney General (PADAG) Marshall Miller.
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Oct 23, 2024 | 
accountingtoday.com | John Carney |Jimmy Fokas |Nikita Mistry
Companies often face the tricky task of producing privileged and confidential information to their independent auditors for audit purposes. This article first examines a company's dilemma regarding whether to disclose any privileged information to its independent auditors. Next, it provides an overview of the existing law, which addresses when the attorney-client privilege and work product protection could be waived when documents are voluntarily disclosed to an independent auditor for the audit.
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Sep 11, 2024 | 
jdsupra.com | Jonathan Barr |John Carney |Jimmy Fokas
Key Takeaways The U.S. Securities and Exchange Commission (SEC) approved the Public Company Accounting Oversight Board’s (PCAOB) proposed ethics rule Responsibility Not to Knowingly or Recklessly Contribute to Violations, which governs the standard of liability for associated persons who directly and substantially contribute to an audit firm’s violations.
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Sep 10, 2024 | 
lexology.com | John Carney |Jimmy Fokas |Jonathan Barr |Teresa Goody Guillén |Nikita Mistry
Key TakeawaysThe U.S. Securities and Exchange Commission (SEC) approved the Public Company Accounting Oversight Board’s (PCAOB) proposed ethics rule Responsibility Not to Knowingly or Recklessly Contribute to Violations, which governs the standard of liability for associated persons who directly and substantially contribute to an audit firm’s violations.
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Jul 3, 2024 | 
jdsupra.com | Jonathan Barr |John Carney |Jimmy Fokas
Key Takeaways: In a groundbreaking decision, the U.S. Supreme Court significantly limited the U.S. Securities and Exchange Commission’s (SEC or Commission) use of in-house administrative actions by holding that SEC civil enforcement actions seeking civil penalties against a defendant for securities fraud entitle the defendant to a jury trial under the Seventh Amendment of the U.S. Constitution.
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May 21, 2024 | 
jdsupra.com | Patrick Campbell |John Carney |Jimmy Fokas
Key Takeaways: SEC continues to strongly encourage voluntary self-reporting for firms that uncover misconduct. These statements and recent settlements giving credit for self-reporting, including in some instances, the imposition of zero penalties, need to be taken into account in the often-difficult decision as to whether self-report.
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Apr 17, 2024 | 
jdsupra.com | Jonathan Barr |Jimmy Fokas |Maria Luevano
Key Takeaways A jury found a former executive liable for insider trading in a first-of-its-kind U.S. Securities and Exchange Commission (SEC)-initiated insider trading enforcement action premised on a “shadow trading” liability theory. The jury found that the executive had breached a duty of “trust, confidence or confidentiality” by purchasing stock in a competitor company based on nonpublic information about his company’s upcoming acquisition.
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Apr 16, 2024 | 
jdsupra.com | Jonathan Barr |John Carney |Jimmy Fokas
On April 2 and 3, the U.S. Securities and Exchange Commission (SEC or Commission) presented its annual SEC Speaks program in conjunction with PLI, where senior members of the Commission provided updates on the current initiatives and priorities at the Commission.
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Jul 12, 2023 | 
jdsupra.com | Jonathan Barr |John Carney |Jimmy Fokas
Join BakerHostetler for our series of Fireside Chats about the latest developments impacting the capital markets and their participants, and the blockchain industry.
