Tag: insider trading

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Everything Compliance

Everything Compliance – Episode 115 – The Insider Trading (Or Not) Edition

Welcome to the only roundtable podcast in compliance as we celebrate our second century of shows. Everything Compliance has been honored by W3 as the top podcast talk show. In this episode, we have the quartet of Karen Woody, Jonathan Marks, Matt Kelly, and from across the pond, Jonathan Armstrong. We consider a veritable potpourri of issues, including the sentence given to Joe Sullivan, insider trading, the COSO Fraud Risk Management Framework, and a new report on whistleblower best practices. We conclude with our fan-fav Shout Outs and Rants section.

1. Matt Kelly looks at the joint IIA/ACFE report on Building a Best-in-Class Whistleblower Hotline. He shouts out to Newton Minow, the first government official to say television was a ‘vast wasteland.’

2. Jonathan Marks discusses his work on the COSO Framework for Fraud Risk Management. He shouts out to BlueBell Ice Cream for creating the new flavor, Dr. Pepper Float.

3. Tom Fox shouts out to Mike Shannon, who played with the St. Louis Cardinals for over 10 years, went to 3 World Series, and then had a 60-year career as an announcer with the team. He is also the only MLB player whom Tom got an autograph from.

4. Karen Woody looks at recent insider trading cases involving the crypto world and asks if crypto is not a security, who can it be insider trading. Karen shouts out to the Netflix show ‘Jury Duty.’

5. Jonathan Armstrong considers the sentence handed down to former Uber executive Joe Sullivan, wonders about the Judge’s admonition of no more leniency, and asks what it means for GDPR enforcement. He shouts out to all those workers who got London ready for the coronation.

The members of Everything Compliance are:

•       Jay Rosen– Jay is Vice President, Business Development Corporate Monitoring at Affiliated Monitors. Rosen can be reached at JRosen@affiliatedmonitors.com

•       Karen Woody – One of the top academic experts on the SEC. Woody can be reached at kwoody@wlu.edu

•       Matt Kelly – Founder and CEO of Radical Compliance. Kelly can be reached at mkelly@radicalcompliance.com

•       Jonathan Armstrong –is our UK colleague, who is an experienced data privacy/data protection lawyer with Cordery in London. Armstrong can be reached at jonathan.armstrong@corderycompliance.com

•       Jonathan Marks is Partner, Firm Practice Leader – Global Forensic, Compliance & Integrity Services at Baker Tilly. Marks can be reached at jonathan.marks@bakertilly.com

The host and producer, ranter (and sometime panelist) of Everything Compliance is Tom Fox, the Voice of Compliance. He can be reached at tfox@tfoxlaw.com. Everything Compliance is a part of the Compliance Podcast Network.

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The Woody Report The Woody Report-Succession

The Woody Report – Succession, The Final Season, Episode 4 – Honeymoon States

Co-hosts Tom Fox and Karen Woody are back as they delve deep into the final season of Succession. From the recurring theme of personal vs. business decisions to the amazing performance from Shiv, these two bring you it all! But that’s not all – learn valuable lessons about deal-making and cultural fit, and find out why the attention to detail in the clothing and accessories of the characters is so important. And if you’re looking for a great podcast recommendation, tune in to catch their thoughts on a brand-new show – who knows, you might find your next binge-worthy obsession! Take advantage of the upcoming fourth episode of The Woody Report, where Tom and Karen bring you all the latest in pop culture, business, and more.

Join hosts Karen Woody and Tom Fox as they dive into the latest “Succession” episode, exploring the various character developments and dramatic twists in this must-see show. In this episode of The Woody Report, Tom and Karen discuss Shiv’s vulnerability, Marsha’s return, and Connor’s questionable decision-making. They also debate the ethical implications of a document in the show and the potential consequences of insider trading. With insightful analysis and witty banter, this episode of The Woody Report will leave you on the edge of your seat and eager for more!

If you’re a fan of excellent productions and masterful acting, you must tune into The Woody Report as they recap episode 4.

Highlights Include:

·      Analyzing the latest episode of Succession

·      Negotiations and Dynamics -brothers turn on Shiv

·      Character development and writing analysis

·      Validity of Mysterious Logan Roy Document

·      Navigating Office Politics and Pregnancy

·      Insider trading and blackmail

Resources

Karen on LinkedIn

Karen at Washington & Lee, School of Law

Tom

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YouTube

Twitter

LinkedIn

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Everything Compliance

Episode 113 – The Replika AI Edition

Welcome to the only roundtable podcast in compliance as we celebrate our second century of shows. Everything Compliance has been honored by W3 as the top talk show in podcasting. In this episode, we have the quartet of Jay Rosen, Jonathan Armstrong, Karen Woody, and Matt Kelly who discuss a potpourri of issues. We conclude with our fan fav Shout Outs and Rants section.

1. Matt Kelly looks at ChatGPT and raises several questions for the compliance professional. He rants about Facebook and its layoffs and performance reviews.

2. Jonathan Armstrong comes in smoking on the Replika AI imbroglio in Italy and discusses his collection of comments by users of the service. He shouts out to the British Navy for the Altmark Incident in 1940, the last recorded English naval battle fought with cutlasses.

3. Tom Fox shouts out  Valentine’s Day and all those hopeless romantics out there.

4. Karen Woody looks at the new rules promulgated by the SEC on insider trading. She shouts out to the Netflix show Cunk on Earth.

5. Jay Rosen looks at the First Energy corruption scandal and the current trial of former Ohio House speaker Larry Householder. He shouts out to Stevie Van Zandt donating a do rag to California Representative Jamie Raskin to wear during his cancer treatment.

The members of the Everything Compliance are:

•       Jay Rosen– Jay is Vice President, Business Development Corporate Monitoring at Affiliated Monitors. Rosen can be reached at JRosen@affiliatedmonitors.com

•       Karen Woody – One of the top academic experts on the SEC. Woody can be reached at kwoody@wlu.edu

•       Matt Kelly – Founder and CEO of Radical Compliance. Kelly can be reached at mkelly@radicalcompliance.com

•       Jonathan Armstrong –is our UK colleague, who is an experienced data privacy/data protection lawyer with Cordery in London. Armstrong can be reached at jonathan.armstrong@corderycompliance.com

•       Jonathan Marks is Partner, Firm Practice Leader – Global Forensic, Compliance & Integrity Services at Baker Tilly. Marks can be reached at jonathan.marks@bakertilly.com

The host and producer, ranter (and sometime panelist) of Everything Compliance is Tom Fox the Voice of Compliance. He can be reached at tfox@tfoxlaw.com. Everything Compliance is a part of the Compliance Podcast Network.

Categories
Daily Compliance News

February 14, 2023 – The Happy Valentine’s Day Edition

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee, and listen to the Daily Compliance News. All from the Compliance Podcast Network. Each day we consider four stories from the business world, compliance, ethics, risk management, leadership, or general interest for the compliance professional.

Stories we are following in today’s edition of Daily Compliance News:

  • White fragility is a race-based farce. (Reuters)
  • TX AG pays $3.3MM to settle whistleblower lawsuits. (NYT)
  • NMSU cancels BB season due to hazing allegations. (ESPN)
  • SEC to crack down on insider trading loopholes. (WSJ)
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Daily Compliance News

August 17, 2022 the Palm Oil Corruption Edition

In today’s edition of Daily Compliance News:

  • Nigeria claims corruption to get out of arbitration award. (Bloomberg)
  • Indonesian Palm Oil Magnate arrested. (Benar News)
  • FARA disclosure for sanctions work. (Reuters)
  • 3 more were charged in the Equifax insider trading case. (Reuters)
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Classroom Insiders

Acknowledging Misappropriation Theory


 
Andrew Pompa is 2L at Washington and Lee University with a background in economics and finance. Though his career path is undecided, he is very interested in securities regulation and insider trading. In this episode of Classroom Insiders with Professor Karen Woody, Andrew explores how misappropriation theory became legitimized by the court as a proper theory. 
 

 
Andrew shares the differences between misappropriation theory and the classical theory of insider trading. In the classical theory, liability is premised on a breach of fiduciary duty, whereas misappropriation premises liability on a breach of confidentiality in a way that encapsulates people who would be deemed corporate outsiders. Carpenter v. SEC paved the way for the court’s acknowledgement of misappropriation theory.
 
Carpenter was an individual who received information from a Wall Street Journal reporter and traded it to stockbrokers, making roughly $690,000. The SEC successfully argued in the lower court that Carpenter and his accomplices breached a duty of confidentiality towards Wall Street Journal on the premise of misappropriation theory. 
 
Resources
Karen Woody on LinkedIn
 

Categories
Daily Compliance News

December 11, 2021 the Are Birds Fake Edition


In today’s edition of Daily Compliance News:

  • Tone deaf CEO to take ‘some time off’. (WSJ)
  • Ransomware attack on IP. (WSJ)
  • Are birds fake? (NYT)
  • Insider trading on the movie set? (TMZ)
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Classroom Insiders

Once Upon a Trading Law: The History of Insider Trading


 
Legislation changes month to month, year to year, but over the last century, the changes have been astounding. Classroom Insiders is the exciting new podcast where Karen Woody and her students from Washington and Lee University explore the arc and evolution of insider trading law for the past 100 years.
 

 
In this pilot episode of Classroom Insiders, Karen interviews Ben Richie. Ben is currently a Student Honors Intern in the U.S. Securities and Exchange Commission. Previously, he worked as a Corporate Paralegal in the Greater New York City Area. Ben talks about the history of insider trading law, including the events that inspired its inception, and how it has evolved into what we know today.
 
“Insider trading laws started formulating in the late 19th century, though they looked very different to how they are now,” Ben says. Each state handled them individually, and they created a minority and majority rule. The majority rule, founded in treatise law, stated that insiders weren’t duty-bound in their private dealings with stockholders. The minority rule, developed in 1903, stated that insiders had a duty to disclose all material information to shareholders before trading on it.
 
Resources
Karen Woody on LinkedIn 
Ben Richie on LinkedIn
 

Categories
Classroom Insiders

Introducing the Classroom Insiders Podcast


Join Karen Woody and her Insider Trading Seminar students from Washington and Lee University as they explore the arc and evolution of insider trading over the last century. Each episode will feature a discussion between Karen Woody and a student about insider trading and regulation. Find out what the future lawyers of the university think about past and current legislation, and learn more about this fascinating area of law.
Listen to the episode now:

If you know someone who might be interested in what the lawyers of tomorrow think about the litigation of yesterday, share this page with them!

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Innovation in Compliance

Insider Trading Compliance and Former Apple CCO Indicted on Bribery Charges


Compliance into the Weeds is the only weekly podcast which takes a deep dive into a compliance related topic, literally going into the weeds to more fully explore a subject. In this episode Matt and Tom go into the weeds to look at recent remarks by SEC Chairman Jay Clayton and Bill Hinman, director of the Division of Corporation Finance, on issues around insider trading compliance programs. Some of the issues we consider are:

  • Why would two high ranking SEC officials publicly address insider trading and compliance in the same week?
  • What are the rules around 10(b)5-1?
  • What about Albert Bourla, the CEO of Pfizer, who sold $5.6 million worth of Pfizer shares on Nov. 9, the day the company announced stellar results of its Covid vaccine trials.
  • Who owns insider trading compliance in a corporation?
  • Values based ethics v. rules based ethics.
  • Tom Moyer, former CCO and now head of Global Security at Apple indicted for alleged offering bribes to obtain concealed carry permits in Santa Clara County CA.

Resources
For more information see Matt’s blog posts:
SEC Warning on Insider Trading Sales
Apple Exec Indicted on Bribery Charge