Subject to Inquiry

Subject to Inquiry

White Collar, Congressional, SEC, Energy Enforcement & Other Government Inquiries

Government, Regulatory & Criminal Investigations Group

Monthly Archives: April 2011

Regulation

Uniform Fiduciary Standard for Brokers Put on Hold

The SEC will not implement a uniform fiduciary standard for retail investment advice in Spring of 2011, contrary to the recommendations of the Commission’s staff.  The SEC’s staff recommended adoption of a uniform standard in its Study on Investment Advisers and Broker-Dealers, submitted to Congress on January 21, 2011, but resistance from SEC Commissioners Kathleen … Continue Reading
Anti-Corruption, FCPA

DOJ, FCPA and Pharma: Participation Pays

As discussed in a July 2010 Subject to Inquiry post, DOJ put Big Pharma on notice that it intended to aggressively investigate potential violations of the Foreign Corrupt Practices Act (FCPA) within the pharmaceutical and medical device industry.  Well, they meant what they said. Johnson & Johnson, the New Jersey-based multi-national pharmaceutical, medical devices and … Continue Reading
Election Law

A Question of Ethics: Employees Can Be Liable in Donation Schemes

A recent internal investigation by the Fiesta Bowl renews concerns about attempts to circumvent the limitations on corporate campaign contributions by reimbursing employees for contributions made in their own names.  Liability for such schemes can extend even to the employees who agree to make such contributions, often under pressure from their employers.  The latest Question of … Continue Reading