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  • Effective Compliance: Perspectives From The Regulator - Speech By ASIC Chair Joe Longo At The Australian Compliance Institute Annual Conference, 17 September 2024.

    Date 17/09/2024

    Key points

    • More than ever, compliance professionals can play a strategic role in the boardroom.
    • Written policies and procedures provide the framework for compliance. Systems, processes, and technology can be used to underpin and support compliance. But compliance in practice requires a culture of integrity, ethics, and trust.
    • It’s the role of the directors of a company to set the tone, establish and lead a culture of compliance. This includes monitoring the arrangements the company has in place to ensure compliance with regulatory obligations.

  • SEC Charges Former Chairman And CEO Of Tech Co. Kubient With Fraud And Lying To Auditor - Former CFO And Audit Committee Chair Also Charged

    Date 16/09/2024

    The Securities and Exchange Commission today filed charges against Paul D. Roberts, the former Chair, CEO, and president of Kubient Inc.; Joshua A. Weiss, the company’s former chief financial officer; and Grainne M. Coen, the company’s former audit committee chair, for their roles in a scheme in which Kubient overstated and misrepresented its revenue in connection with two public stock offerings.

  • Omakase: Statement On In The Matter Of Flyfish Club, LLC, SEC Commissioner Hester M. Peirce, SEC Commissioner Mark T. Uyeda, Sept. 16, 2024

    Date 16/09/2024

    For curmudgeonly commissioners like us, crypto enforcement feels a bit like a trip to a restaurant for a meal, Omakase style. Omakase translates to, “I’ll leave it up to you.” This directive is wonderful in the hands of a renowned chef, but disastrous in the hands of a crypto-obsessed Commission. Leaving crypto to be addressed in an endless series of misguided and overreaching cases has been and continues to be a consequential mistake. By its very nature, Omakase dining requires a deep level of trust. Americans should be able to extend a similar trust to our regulators. Today’s settled enforcement action with Flyfish Club for its sale of non-fungible tokens (“NFTs”) is just the latest dish that undermines trust in Chef SEC. Accordingly, we dissent.

  • CFTC To Hold A Commission Open Meeting September 20

    Date 16/09/2024

    Commodity Futures Trading Commission Chairman Rostin Behnam today announced the Commission will hold an open meeting on Friday, September 20 at 10:00 a.m. (EDT) at the CFTC’s Washington, D.C. headquarters. Members of the public can attend the meeting in person, listen by phone, or view a live stream at CFTC.gov.

  • Ontario Securities Commission Seeks Applications For Investor Advisory Panel

    Date 16/09/2024

    The Ontario Securities Commission (OSC) is inviting applications for membership on its independent Investor Advisory Panel (IAP), an advisory committee to the OSC that provides the primary retail investor perspective on policy, rule-making and other regulatory initiatives.