Regulatory
Social Media Compliance Imbroglio At Netflix Illustrates Risk Securities Firms And Professionals Face From Unregulated Use Of Twitter, Facebook, And LinkedIn
Thanks to a seemingly innocuous Facebook posting by its Chief Executive Officer, Netflix is facing the prospect of the Securities and Exchange Commission bringing a civil action against the company and the CEO.
In July, the CEO cheerfully revealed to 200,000 Facebook followers that Netflix subscribers had watched a billion hours of online videos the previous month. Despite the seemingly trivial nature of this posting, the SEC has issued a Wells Notice to Netflix and its CEO, indicating that the agency is contemplating civil action for possible violations of Reg FD about disclosur
Implementation Of Proposed Private Issuer Advertising Rule May Result In Litigation For SEC In 2013
The Jumpstart Our Business Startups (JOBS) Act is part of the Dodd-Frank Act, for which the SEC is responsible for implementing. Part of the JOBS Act involves the SEC push to allow issuers of private securities to advertise to the public.
The turmoil at the SEC that has been a hallmark of 2012 may spill over into the New Year; implementation of the advertising rule may also result in litigation against the SEC.
SEC Chairman Mary Schapiro To Step Down In Three Weeks
After nearly four years in office, SEC Chairman Mary L. Schapiro today announced that she will step down on Dec. 14, 2012. Schapiro served as chair through one of the most turbulent times in financial history. It's rare for the SEC chair to serve more than four years and Schapiro for months had reportedly told those close to her she was exhausted, having served at a time when the agency was held in low regard after the lax regulation that led up up the financial crisis.
Don Trone Weighs In On Whether CFPs Who Work For Broker/Dealers Can Adhere to CFP Board’s Fiduciary Standard
Don Trone, widely considered the founding father of the fiduciary movement among private wealth advisors, is known for saying what he thinks. So I asked his opinion about the very public disagreement between Kevin Keller, the head of the CFP Board, and Allan Roth, a CFP and blogger for The Wall Street Journal. Trone, the founder and CEO of 3ethos, which trains fiduciaries, did not hold back.
Advisor, A Prominent Utah Republican Fundraiser, Suspended As CFP After Being Charged With Sexually Assaulting Five Women
Gregory N. Peterson, an independent advisor and prominent Republican fundraiser in Utah, had his right to use the CFP mark suspended yesterday, but that's the least of his problems five weeks after being charged with sexually assaulting four women and a fifth woman came forward with similar allegations.
More Articles ...
- SEC Agrees To Propose Rule With 30-Day Comment Period That Would Allow Issuers Of Private Investors To Advertise To The Public
- No Criminal Case Likely In $1 Billion Loss At MF Global; Is America Any Better At Policing Corporate Corruption Than China?
- SEC's Schapiro Steps Up Efforts To Ensure Integrity And Capacity Of Computer Program Traders
- Government Accountability Office (GOA) Says FINRA Should Review 10 Of Its Rules
