If you find yourself in a position to blow the whistle on fraud in your organization, there are a lot of questions and grey areas that come up. At the beginning stages of building your case, you’ll have to gather a lot of evidence to prove an instance of fraud, but this is not so …
Continue reading “Reporting Fraud: HIPAA What You Should Know!”
Working for an investment firm, you want people to take their hard-earned money and just throw it away, right? Of course not. But that’s essentially what’s happening when companies mislead their investors. Getting investments under false pretenses is unfair and fraudulent. Companies that participate in this kind of fraud need to be held accountable for …
The SEC is continuously monitoring different transaction types to make sure they are following rules and regulations. One thing that has caught the SEC’s eye lately involves security-based swaps. Because security-based swaps are based on a security such as a stock or bond, or a credit default swap, they are subject to different rules and …
When investors put their money in the hands of Wall Street, they should be able to do so with the understanding that they’re doing so in a transparent, trustworthy manner. Unfortunately, that doesn’t always happen. Broker-dealers sometimes misuse cash or fail to disclose complete and important information, putting customer securities at risk. It’s important to …
The Foreign Corrupt Practices Act (FCPA) was enacted by the U.S. Department of Justice (DOJ) and the Securities Exchange Commission (SEC) to serve a few key anti-bribery and accounting purposes. Most notably, the FCPA prohibits U.S. persons and businesses (or foreign public companies that are listed on the U.S. stock exchange or subject to the …
Continue reading “Tips for Mitigating FCPA Risks After a Record Year of Corporate Fines & Penalties”
Hedge funds are complex in nature and can take on a high level of risk. Paired with the large sums of money being handled and investors’ net worth, hedge funds become prime breeding grounds for fraud. While this is not to say that all hedge funds are fraudulent, there is, unfortunately, a high rate of …
