Tag: SPACs

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Everything Compliance

Everything Compliance – Episode 130, The End of SPACs Edition

Welcome to the only roundtable podcast in compliance as we celebrate our second century of shows. In this episode, we have the quintet of Jonathan Marks, Matt Kelly, Karen Woody, Jay Rosen, and Special Guest Karen Moore, all hosted by Tom Fox, joining us on this episode of Everything Compliance.

1. Matt Kelly looks at ongoing proposals by the SEC around climate risk reporting and the PCAOB on its NOCAR proposal. He shouts out to the Russian people who turned in droves for the funeral of murdered activist Alexei Navalny.

2. Karen Woody reviews the current state of SPACs. She shouts out to Caitlin Clark, who set the all-time single-season scoring record in college basketball.

3. Special guest Karen Moore considers the current state of whistleblowing. She shouts out and rants about UW killing the EU Corporate Sustainability Due Diligence Directive.

4. Jay Rosen looks at the FCPA conviction of Javier Aguilar. He shouts out to the rich getting richer; Shohei Ohtani signing with the LA Dodgers for $700MM and deferring 97% of his salary until 2034; and Adam Turteltaub, an uber Dodgers fan who might see a Dodgers World Series this year.

5. Jonathan Marks looks at Boeing, board governance, and culture. He shouts out garbage collectors who saw a house on fire, saved the family inside and warned neighbors all before the Fire Department arrived.

6. Tom Fox rants about the Supreme Court intentionally delaying the federal trials of Donald Trump.

The members of the Everything Compliance are:

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

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

• Special Guest Karen Moore is an Adjunct professor at the Fordham School of Law. She can be reached at kmoore51@fordham.edu

• Jonathan Marks can be reached at jtmarks@gmail.com

• Jay Rosen can be reached at Jay.r.rosen@gmail.com

The host, producer, ranter (and sometimes 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

June 28, 2022 the Trump SPAC Under Investigation Edition


In today’s edition of Daily Compliance News:

  • OCC says banks are facing new and additional risks. (WSJ)
  • Trump SPAC is under investigation. (NYT)
  • Nigeria’s top judge resigns amid corruption allegations. (KXAN)
  • Corp expansion on hold? (Reuters)
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Daily Compliance News

June 2, 2022 the Sandberg Steps Down Edition


In today’s edition of Daily Compliance News:

  • Sheryl Sandberg steps down from Meta. (NYT)
  • Iranian ire at corruption intensifies. (FT)
  • SPAC forecasting rules cause pullback. (Reuters)
  • BMC awarded $1.6 bn for IBM fraud. (Houston Chronicle)
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Daily Compliance News

March 31, 2022 the Health Hath No Fury Edition


In today’s edition of Daily Compliance News:

  • Ericsson shareholders are livid. (ICIJ)
  • Lawmakers want the oligarch loophole closed. (NYT)
  • SEC is looking at additional SPAC requirements. (WSJ)
  • Bill Ackerman is stepping back from short selling. (WSJ)
Categories
FCPA Compliance Report

Michael Beber on the Current State of SPACs

In this episode of the FCPA Compliance Report, I am joined by Exiger Board Chair Michael Beber. He returns to the podcast to talk about the current state of Special Purpose Acquisition Corporations (SPACs).Highlights in include:

·      SPACs in 2021 by the numbers.

·      Uses and misuses of SPACs.

·      Money being invested in SPACs.

·      Why SPACs can still be such a powerful tool.

·      What will be the SPAC market like going forward?

Resources

Exiger

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Everything Compliance

Episode 92 – the Issues in 2022 Edition


Welcome to the only roundtable podcast in compliance. The entire gang was also thrilled to be honored by W3 as a top talk show in podcasting. In this episode, we have the sextet of Karen Woody, Jonathan Armstrong, Matt Kelly and Jay Rosen. We discuss some of the key issues we will be watching in 2022.

1. Karen Woody will be watching the legal evolution around SPACs and expansion of insider trading laws. Karen shouts out to workers in the travel industry for getting travelers home during the holidays.

2. Jay Rosen reviews the considers the Holmes verdict, Tyler Schultz/whistleblowers and the celebrity BOD failure at Theranos. Rosen shouts out to Antonio Brown.

3. Matt Kelly considers the Log4j cybersecurity threat and the SEC move to regulate ESG. Kelly rants about Elon Musk selling his Tesla stock immediately before the company announces a massive product recall.

4. Jonathan Armstrong tackles several topics; ransomware, Safe Harbor, EU Whistleblower Directive, Supply Chain & China. Armstrong shouts out Nicholas Burk and synthetic ransomware attacks.

5. Jonathan Marks looks at the intersection of crypto, currency and crime. Marks rants about the inconsistent information emanating from the CDC.

6. Tom Fox rants about Novak Djokovic.  

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.

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Compliance Into the Weeds

Issue and Trends for 2022, Part 2


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. This week, Matt and Tom conclude a special two-part podcast series of several topics they will be following in 2022. Today in our concluding Part 2, we consider

  • The time of reckoning is coming for SPACs funded in 2021 as their 18 month-deadline is fast approaching. Is the SEC looking at SPACs as an alternative form of IPO? What will the regulatory landscape look like going forward?
  • CCO pay. Will it go up after several years of remaining flat? How did the Great Resignation impact compliance, if at all? What skills sets might a CCO need into 2025 and beyond?
  • The SEC investigation into Facebook. Are a company’s public statements about having an ethical culture mere puffery or are they actionable for failing to live up to their public statements. Also, what does the Francis Haugen testimony mean for whistleblowers going forward.
  • The SEC investigation into Activision’s toxic workplace and culture of misogyny. Are these new areas the SEC will be looking at in addition to its traditional role of financial reporting watchdog.

Resources
Matt in Radical Compliance

Categories
Daily Compliance News

January 10, 2022 the Jerks at Work Edition


In today’s edition of Daily Compliance News:

  • SPACs starting downward turn in aerospace. (WSJ)
  • Jerks at work. (NYT)
  • More sleaze from BoJo. (The Art Newpaper)
  • Boeing shareholder suit revived. (Reuters)
Categories
FCPA Compliance Report

Karen Woody on JPMorgan and Nikola SEC Enforcement Actions


In this episode of the FCPA Compliance Report, I am joined by Professor Karen Woody. We discuss the recent SEC enforcement actions involving JPMorgan and Nikola which were announced in December 2021. Highlights of this podcast include:

  1. Background on both cases.
  2. Why was the SEC so excised with JPMorgan?
  3. What are the broader lessons for the Compliance Professional?
  4. Compliance Consultant or Monitor or both?
  5. Nikola and the trouble with SPACs?
  6. What is the intersection of puffing, faking it til you make it and illegal conduct?
  7. SPACs and Due Diligence.
  8. Could Nikola change the SEC approach to SPACs?
  9. From visionary to founder to CEO of a public company?
  10. The shadow of Elizabeth Holmes?

Resources-Tom on the FCPA Compliance and Ethics Blog
JPMorgan
Nikola

Categories
Compliance Into the Weeds

Year End Review, Part 1

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. Today, Matt and Tom begin a special two-part year-end review of six topics which they saw as significant in 2021 and believe will be so into 2022 as well. In this episode we discuss SPACs, the Robinhood/GameStop phenomena and the new hybrid working environment and what is means for the compliance professional. Join us on Thursday of this week as we post Part 2 and look at the Biden Administration’s Strategy on Countering Corruption, the continuing evolution of ransomware attacks and ESG in 2021 and beyond.

Resources
Matt in Radical Compliance
Tom in the FCPA Compliance and Ethics Blog