Posts Tagged ‘jay clayton’
Turmoil for SEC, SDNY Leadership
Compliance professionals awoke this weekend to news that two of the country’s most important corporate prosecutors — the Securities and Exchange Commission and the U.S. Attorney for the Southern District of New York — are mired in confusion and uncertainty about who’s going to be in charge. While you were Netflix and chillin’ on Friday…
Read MoreSEC Talks Culture, Kinda Misses Key Point
The Securities and Exchange Commission has been talking up the importance of corporate culture lately, including two speeches already this week that touch on the subject. Corporate compliance officers trying to glean insights about what to tell your own boards about culture may want to take a closer look — especially to understand a crucial…
Read MoreAudit Report Choice Looms for SEC
Sit up and pay attention, SOX compliance community. We will soon get our first real glimpse into how much SEC chairman Jay Clayton wants to reshape the corporate audit world. On deck is final approval of the proposed new format for audit reports: a standard the Public Company Accounting Oversight Board hammered out earlier this…
Read MoreSEC Chair Clayton Talks Compliance Costs
New SEC chairman Jay Clayton gave his first speech last week, to the Economic Club of New York—a wide-ranging address that touched on a litany of topics, from cybersecurity to enforcement to Clayton’s favorite subject, “capital formation,” which is code for relaxing rules for IPOs. We could spend days dissecting all 3,865 words of his…
Read MoreSEC Nominee on FCPA, Compliance Costs, More
The Senate Banking Committee held its confirmation hearing today for Jay Clayton, the Trump Administration’s nominee to chair the Securities and Exchange Commission. We have a few nuggets of detail worth an ethics & compliance officer’s attention, although the hearing mostly unfolded along predictable lines. On one side were Clayton and Republican members of the…
Read MoreSEC Clips Whistleblower Reward for Misconduct
I didn’t notice this SEC enforcement until now, but 10 days ago the agency doled out a whistleblower award—and trimmed the final prize to the tipster, because that person both participated in the misconduct and took his sweet time before alerting the SEC. Alas, we don’t know many more details about this case. We don’t…
Read MoreFive Questions for SEC Nominee Jay Clayton
Let’s start with the obvious about Jay Clayton, the Trump Administration’s nominee to chair the Securities & Exchange Commission: barring some bombshell news, he’s going to be confirmed. The Senate Banking Committee will schedule a hearing for him soon, Democrats will posture, and then Republicans will push him through to run the SEC. So far compliance officers…
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