Obama Administration Could Mean More Compliance Regs

January 5, 2009
By Drew Robb

Just as accounting scandals earlier this decade led to new regulations like Sarbanes-Oxley, last year’s global financial meltdown coupled with Democratic control of the White House and Congress seems like a recipe for a host of new compliance regulations — and thus more business for storage vendors [...]

Litigation: Lawsuits are only thing “up” on Wall Street in past year

From USA Today:

The worst bear market since the 1930s has left investors wanting to see Wall Street pay.  Investors filed 210 federal securities class-action lawsuits in 2008, up 19% from 176 in 2007, according to Stanford Law School’s Securities Class Action Clearinghouse (SCAC) and Cornerstone Research. Plaintiffs claim they’ve been wronged out of up to [...]

Judge OKs legal settlement for Mo. gov.’s e-mails

By DAVID A. LIEB
The Associated Press
A judge has approved a legal settlement that requires outgoing Gov. Matt Blunt to hand over thousands of e-mails to investigators, but leaves unresolved the question of whether Blunt’s office violated public records laws.
Under the deal, Blunt’s office must provide 60,000 pages of e-mail documents from the accounts of the [...]

Performance Efficiency Comes to the Beltway — Obama to create new government position called “Chief Performance Officer”

In these tough economic times, government, like businesses, need to be more efficient and collaborate better in order to reduce deficits and improve performance.  Shareholders expect it, and so do the “American People.”
President-elect Barack Obama today will announce his pick for “chief performance officer,” a newly created position that will work on the federal budget [...]

Judge: In a Down Economy, Should SEC Bargain Law Firms Down?

Posted by Dan Slater

When the SEC shops around for receivers in a down economy, how thrifty must it be?
In August, before Dreier and Madoff became household names on Wall Street, there was Steven Byers and Joseph Shereshevsky, the owners of WexTrust who allegedly ran a Ponzi scheme targeting Orthodox Jews. (Remember affinity fraud? It’s when [...]