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Editors

Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
Senior Editor

Bill Steinman
Senior Editor

Richard L. Cassin
Editor at Large

Elizabeth K. Spahn
Editor Emeritus

Cody Worthington
Contributing Editor

Julie DiMauro
Contributing Editor

Thomas Fox
Contributing Editor

Marc Alain Bohn
Contributing Editor

Bill Waite
Contributing Editor

Shruti J. Shah
Contributing Editor

Russell A. Stamets
Contributing Editor

Richard Bistrong
Contributing Editor

Eric Carlson
Contributing Editor

SEC fines chief compliance officer for inaccurate securities filing

The Securities and Exchange Commission Tuesday fined a chief compliance officer for failing to verify information provided by an investment adviser that turned out to be false.

David I. Osunkwo was fined $30,000 and suspended for a year from certain jobs related the investment adviser and securities industry.… Continue Reading

New SEC guidance on conflict minerals disclosure

The Securities and Exchange Commission on Monday issued guidance on the conflict-minerals disclosure requirements contained in the Dodd-Frank Act.

The SEC’s answers to frequently-asked questions from registered companies focused on the scope of corporate disclosure requirements in conflict-minerals reports and the role of independent auditors.… Continue Reading

China sends Big Four audit records to SEC

The U.S. Securities and Exchange Commission’s (SEC) may finally be winning its long battle to convince China to hand over audit papers of companies under investigation in the U.S.

The China Securities Regulatory Commission has handed over audit documents produced by Chinese affiliates of Ernst & Young, Deloitte Touche Tohmatsu International and KPMG, and promised to provide work papers related to clients of Ernst & Young and PwC.… Continue Reading

SEC annual report touts FCPA enforcement

The U.S. Securities and Exchange Commission (SEC) published its 2013 Agency Financial Report this week to detail its results for the President, Congress and public.

By the end of the 2013 fiscal year, the SEC had obtained total penalties and disgorgements of $3.4 billion, an increase from the $3.1 billion awarded the year before, it said in the report.… Continue Reading

How whistleblowers get top dollar from the SEC

The SEC now pays for information about securities law violations — including the FCPA — leading to a recovery of at least $1 million. The whistleblower reward can be from 10% to 30% of the recovery — a big range that’s entirely within the SEC’s discretion.… Continue Reading

‘Misconduct is an outlier in an ethical culture’

The SEC’s associate director of enforcement, Stephen L. Cohen, left, had some great things to say when he spoke this week at the SCCE Annual Conference in Washington D.C.

Here’s part of what he said:

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I am surprised how infrequently companies try to persuade us at the front end of an investigation that they have a robust compliance culture and record of ethical conduct.… Continue Reading