Recently by Christopher L. Garcia
More Than A Machine: “Robocop” Stole The Headlines, But The Financial Reporting And Audit Task Force Is The Real Driver Behind The SEC’s Refocus On Accounting Irregularities
On July 2, 2013, the United States Securities and Exchange Commission (the SEC) announced two new initiatives aimed at preventing and detecting improper or fraudulent financial reporting. We previously noted that one of these initiatives, a computer-based tool called the Accounting Quality...Read More
In Gabelli, Supreme Court Holds SEC Enforcement To Strict Five-Year Limitations Period For Penalties; Will The Other Shoe Drop In Bartek?
In Gabelli v. SEC, No. 11-1274, 2013 WL 691002 (U.S. Feb. 27, 2013), the Supreme Court unanimously adopted a bright-line rule that, in SEC enforcement cases where the SEC seeks civil money penalties, the five-year statute of limitations provided for in 28 U. S. C. §2462 begins to run when...Read More
The Wait Is Over: DOJ And SEC Release Resource Guide To FCPA
On November 14th, the U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) issued their long-awaited joint “Resource Guide to the U.S. Foreign Corrupt Practices Act.” As its name suggests, the hundred-plus page document is largely a compendium of existing...Read More