Imagine if you were the compliance officer for Tesla. What would you do? In light of Elon Musk’s (the CEO of Tesla) recent string of tweets – – the tech genius’ uncontrolled social media posts have highlighted the importance of social media governance and how difficult it is to eliminate the risk that emanates from […]
Your ability to be successful as a compliance officer will require more than applying relevant rules and regulations. Without the cooperation and understanding of those within the organization you serve, those rules, regulations, and processes will merely become obstacles to productivity and good relations. Which is why it is absolutely critical that compliance be a […]
Focusing on the end result is often what many compliance officers are concerned with. If you get the result you want, that’s all that matters in the end – right? Not quite. After all, so much rides on how you achieve the end result. As a compliance officer, you likely wear a number of “hats” […]
There is one question at the center of many dilemmas compliance professionals will face in their career. The answer is often obvious; sometimes not: What is ethical? By focusing on one’s “True North” orientation, compliance professionals can strengthen their professional value-add and their organization’s compliance and business standards. For example, when compliance departments prepare annual certifications […]
The end of summer and the arrival of fall marks a return to school and a regular schedule for our country’s youth. It also marks a return to a more traditional work schedule for many adults and perhaps most compliance officers. And not unlike the turn of a new year, the return to school and […]
Conflicts are Avoided or, When Appropriate, Disclosed The SEC fined a regional advisory firm this month for selling investments without proper disclosure and raising questions about whether the investments were made for the benefit of the advisors, instead of the investors. It’s, unfortunately, a reminder that recommendations to seniors, retirees or other vulnerable investors should […]
A first step towards preventing insider trading is managing non-public material information. Compliance officers that don’t stop there and also test the technology behind related regulatory reporting and surveillance and train employees to combat Fudge-Factor Thinking can bring more sustainable value. On Sept. 13, 2018, the Securities and Exchange Commission (SEC) announced that Cowen Execution […]
In its first six months, 2018 has proven to be a time of innovation and change for both fintech and regtech. Compliance officers and others have had to strike a balance between embracing new technology and strategic advice so clients are informed. Only in this way can they take the measured risks needed to support […]
We have been recently reminded of the power and influence of social networking with Facebook data breach investigations. The Harvard Business Review also recently published an interesting article about how to balance the benefits and downside of workplace friendships. Social networking for Compliance Officers (COs) is key to building their influence — the influence that’s […]
Question: How do you get a seat at the table to help launch new products? Answer: This is an issue that many in Compliance face. Focusing on helping with new products is an excellent way to make a proactive impact on the business. You can build rapport and bring your perspective early – helping to […]