More On Legal & Compliancefrom The Advisor's Professional Library
- Whistleblowers A whistleblower is any individual providing the SEC with original information related to a possible violation of federal securities law. The Dodd-Frank Act established a whistleblower program that enables the SEC to reward individuals who voluntarily provide such information.
- Using Solicitors to Attract Clients Rule 206(4)-3 under the Investment Advisors Act establishes requirements governing cash payments to solicitors. The rule permits payment of cash referral fees to individuals and companies recommending clients to an RIA, but requires four conditions are first satisfied.
SEC Commissioner Roel Campos will join the law firm of Cooley Godward Kronish in early September, at which time he will leave his SEC post. Campos will serve as a partner in the firm's business litigation practice in the Washington, D.C. office, and will assume the role of partner-in-charge of that office, the law firm announced in a release.
In the release, the law firm says "Campos will focus on representing companies in SEC enforcement matters and internal investigations, advising board and committees involving governance matters and compliance issues, and advising private equity, hedge and mutual funds regarding regulatory matters." Campos, the firm says, "has been a respected expert and influential voice within the SEC as to enforcement actions, and while at the SEC presided over hundreds of complex enforcement cases."