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US sues Bloomberg Title: US sues Bloomberg
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Filed in archive litigation by leon on September 29, 2007

Raising his profile and flirting with the idea of a presidential bid, New York Mayor Michael Bloomberg has just received unwanted publicity with news that the company he founded is being sued by the...

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Do apologies work? 10 questions to consider Title: Do apologies work? 10 questions to consider
PermaLink: http://www.soxfirst.com/50226711/do_apologies_work_10_questions_to_consider.php

Filed in archive Ethics by leon on September 28, 2007

Corporate apologies are coming in thick and fast. The list includes Mattel saying sorry for the lead paint found in toys, Apple's Steve Jobs apologizing to iPhone early adopters, Whole Foods...

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Conrad Black - still fighting Title: Conrad Black - still fighting
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Filed in archive corporate crime by leon on September 28, 2007

He might be looking at a lengthy spell behind bars but Conrad Black's self-belief remains unshakeable. With his sentencing coming up in late November, Black resumed his column in the newspaper he...

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Fraud a growing problem Title: Fraud a growing problem
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Filed in archive SOX by leon on September 27, 2007

More than five years after the Bush administration brought in the world's toughest anti-fraud law, and Governments around the world followed suit, the latest data suggests that fraud is stronger...

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The myth of labor market deregulation Title: The myth of labor market deregulation
PermaLink: http://www.soxfirst.com/50226711/the_myth_of_labor_market_deregulation.php

Filed in archive strategy by leon on September 27, 2007

In countries around the world, including Australia, Governments have adopted policies around the ideology of labour market deregulation. Put simply, the view is that a deregulated labour market is...

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Interior Department - cozy with oil companies Title: Interior Department - cozy with oil companies
PermaLink: http://www.soxfirst.com/50226711/interior_department_cozy_with_oil_companies.php

Filed in archive Ethics by leon on September 26, 2007

The New York Times details the close and seemingly collusive relationship that the Interior Department has with oil companies. It tells us of a report that stops short of calling officials corrupt...

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Ratings agencies get let off Title: Ratings agencies get let off
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Filed in archive markets by leon on September 26, 2007

The ratings agencies came under plenty of well-deserved fire in the fallout from the subprime debacle. Basically, the problem was that ratings agencies had been treating mortgage-backed securities as...

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Siemens smell continues Title: Siemens smell continues
PermaLink: http://www.soxfirst.com/50226711/siemens_smell_continues.php

Filed in archive corporate crime by leon on September 26, 2007

Caught up in those bribery and corruption allegations involving hundreds of millions of Euros, Siemens is desperately trying to move on.Next week, Peter Solmssen will become the board's general...

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Policing virtual crime Title: Policing virtual crime
PermaLink: http://www.soxfirst.com/50226711/policing_virtual_crime.php

Filed in archive regulators by leon on September 25, 2007

Imagine a world where millions of dollars can flow through the system daily, a world where all these exchanges can happen anonymously, where there are no police, courts and extradition laws. Perfect...

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A greener SEC? Title: A greener SEC?
PermaLink: http://www.soxfirst.com/50226711/a_greener_sec.php

Filed in archive risk by leon on September 25, 2007

A coalition of interests, including investors are petitioning the Securities and Exchange Commission to force companies to come clean on pollution risks, reports MarketWatch.Basically, the argument...

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The challenges of going green Title: The challenges of going green
PermaLink: http://www.soxfirst.com/50226711/the_challenges_of_going_green.php

Filed in archive risk by leon on September 24, 2007

This is the week of critical meetings to find answers on what to do about global warming. In New York, the United Nations will be looking at tighter emission mandates and the Bush administration will...

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Beware of soaring profits Title: Beware of soaring profits
PermaLink: http://www.soxfirst.com/50226711/beware_of_soaring_profits.php

Filed in archive Accounting by leon on September 24, 2007

How much can we believe companies that report increased earnings over 20 quarters?A new study, reported in the International Herald Tribune, suggests we should probably take it with a bag or three of...

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Securities lawsuits on the rise Title: Securities lawsuits on the rise
PermaLink: http://www.soxfirst.com/50226711/securities_lawsuits_on_the_rise.php

Filed in archive litigation by leon on September 22, 2007

Back in July, I pointed to findings from Cornerstone Research and Stanford University Law School showing that the number of securities class actions was falling, with suggestions that this...

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GAO slates SEC for being too slow Title: GAO slates SEC for being too slow
PermaLink: http://www.soxfirst.com/50226711/gao_slates_sec_for_being_too_slow.php

Filed in archive regulators by leon on September 21, 2007

Last year, I wrote about the Securities and Exchange Commission getting slated by the Government Accountability Office. You can read some of the reports here and here.Now the Government...

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SOX pay for lawyers and accountants Title: SOX pay for lawyers and accountants
PermaLink: http://www.soxfirst.com/50226711/sox_pay_for_lawyers_and_accountants.php

Filed in archive SOX by leon on September 21, 2007

The rigorous compliance environment in the United States following Sarbanes-Oxley has turned into a real money spinner for attorneys.According to the 2007 Altman Weil Law Department Compensation...

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Interview with David Rosenthal, md of Curtis-Rosenthal on subprime Title: Interview with David Rosenthal, md of Curtis-Rosenthal on subprime
PermaLink: http://www.soxfirst.com/50226711/interview_with_david_rosenthal_md_of_curtisrosenthal_on_subprime.php

Filed in archive markets by leon on September 20, 2007

The jury is still out on whether the Fed's decision for cuts of half a percentage point will fix the problems in the US market. The cuts were expected so the market for now sees it as a sign......

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Ethics gaps Title: Ethics gaps
PermaLink: http://www.soxfirst.com/50226711/ethics_gaps.php

Filed in archive Ethics by leon on September 20, 2007

Interesting report from London-based Ethical Investment Research Services identifying gaps in the approach of business towards ethical issues.In the area of corporate governance, businesses tend to...

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Insider IT threats Title: Insider IT threats
PermaLink: http://www.soxfirst.com/50226711/insider_it_threats.php

Filed in archive risk by leon on September 19, 2007

Financial institutions might be spending more on IT security but they continue to struggle and many are now starting to realize that the big problem is with people. Either with their own employees,...

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Markets for sin and virtue Title: Markets for sin and virtue
PermaLink: http://www.soxfirst.com/50226711/markets_for_sin_and_virtue.php

Filed in archive markets by leon on September 18, 2007

When it comes to market morality, it's hard to make the call between sin and virtue stocks. Particularly with all the volatility that's going on now.The Vice Fund, which invests in tobacco,...

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