Bernard Madoff news from FierceComplianceIT
NewsMajor SEC overhaul underway
The SEC has certainly taken its lumps recently. The financial crisis in general was not kind to the agency, but it was the Bernard Madoff scandal that pushed the agency's reputation deep into the... Read more...
Whistleblower issues still abound
Sarbanes Oxley was supposed to be a boon to whistleblowers. But it hasn't really worked out like that. There were some administrative rulings that resulted in a situation where the provisions were... Read more...
New governance disclosure rules roll out
If you are a bit hazy on exactly how the SEC's new corporate governance proxy disclosure rules and requirements affect your company, you are not alone. As new rules roll out, there is the expected... Read more...
More creative investigations coming
The SEC is bent on proving to the world that it is a savvy crime-fighting organization that is fully capable of rebounding from recent embarrassments. The Bernard Madoff scandal of course is the best... Read more...
SEC invokes clawback clause in new way
A sign of the times: The SEC has invoked the clawback provision of Sarbanes-Oxley to demand that the former CEO of CSK Auto, Maynard Jenkins, give up $4.1 million from bonuses and gains on stock... Read more...
Fixing a big PCAOB glitch
Would the Bernard Madoff scandal, which went undetected for so long, have been ferreted out by the PCAOB if it were allowed to oversee broker dealers? We may never know the answer. The Madoff scam,... Read more...
A noisy withdrawal in Stanford case
You've no doubt heard of R. Allen Stanford and the controversy over the Stanford Financial Group, which some see as a financial scandal of Madoff-ian proportions. The Wall Street Journal's law blog... Read more...
Shady audit firm figures in Stanford scandal
As the Bernard Madoff news rolled on, we noted that an obscure, secretive audit firm was an obvious red flag, one that regulators, investors and others should have caught. As the Stanford Group... Read more...
Should a certain computer platform be considered a red flag?
In a minor PR hit to IBM, IT Jungle offers an article noting "the fact that the AS/400 is a notoriously difficult platform for auditors to crack." Many regulations that affect IT are commonly written... Read more...
Audit regulation changes to fall from Madoff scandal?
TheDeal.com asks this regarding the Bernard Madoff scandal: "What about those tough auditing rules imposed after the Enron and WorldCom scandals? Surely, such a massive fraud would light up... Read more...
| Press ReleasesMadoff Investors Should Be Wary of Last Minute Asset ProtectionLOS ANGELES, July 28 /PRNewswire/ -- Bernard Madoff continues to cause pain and misery for his former investors. A recent announcement by the bankruptcy trustee in the Madoff bankruptcy case advised Read more >> Free Seminar Highlights Key Issues in Accountant Liability- LeClairRyan attorneys & peers to discuss new and familiar trends in half-day event in Waltham, Mass.BOSTON, June 9 /PRNewswire/ -- Some of the potential liability challenges faced by Read more >> CREW Report Reveals Promised SEC Reforms Moving SlowlySEC Documents Suggest SEC May Not Be Moving Fast Enough to Stop the Next Madoff WASHINGTON--(BUSINESS WIRE)-- A report issued today by Citizens for Responsibility and Ethics in Washington (CREW) Read more >> Labaton Sucharow LLP Responds To Inquiries Regarding In re Banco Santander Securities-Optimal LitigationNEW YORK--(BUSINESS WIRE)-- In response to news inquiries about an announced $15.5 billion settlement of claims concerning 720,000 investors outside the U.S. who lost money in Bernard Madoff’s fraud, Read more >> Securities Lawsuit Filings Drop and Dismissals Surge as Credit Crisis Eases, According to Advisen Report Sponsored by ACENew credit crisis suits plunge, but financial firms remain in plaintiff attorneys’ crosshairs NEW YORK--(BUSINESS WIRE)-- After dominating securities litigation for three years, new securities Read more >> |
