Jordan A. Thomas, the former whistleblower program manager at the SEC, as well as a leading plaintiff attorney, is suing the SEC for changes to the program.
This article explains what the SEC whistleblowing program is, why it is so successful, and why you should consider it if you see fraud or crime.
The Corporate Transparency Act, enacted in the Defense Appropriation bill of January 2021, is a game-changer for financial investigators. It prevents bad actors from hiding behind anonymous shell companies – right here in the United States.
This short video explains what an expert witness is, and why Navesink International has a unique position in the securities litigation industry.
This second and last short video explains the role of the expert witness, practically speaking.
My grateful appreciation to a new friend/my friend Gary Cohen (https://lnkd.in/gzE3Nvj) for his time, his efforts, as well as his top digital media skills who helped me recreate the Navesink International website and optimized it from an old-world static site into a new world WordPress site. Gary brings together a 1st class financial background, well-honed management skills, professionalism, and true digital optimization/social media know-how. Thanks to his expertise and continued efforts, Navesink International now has a dynamic & flexible website (https://lnkd.in/eq8vGgP), as well as a blog (this post refers to / is on the blog), where I will share my thoughts and observations.
It has been a pleasure to work with him during the many late evenings of this journey, and we both look forward to finally meeting in person when COVID times end. If you are looking for an experienced leader to optimize or digitize your financial services business, reach out to Gary. I am sure you will be happy you did.
Finally, you can subscribe to the Navesink News Blog to receive email notifications of new posts so you never miss out.
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“It ain’t over till it’s over”, said the baseball legend Yogi Berra. And Brexit is surely not over with this Christmas deal. Many issues remain unsolved.
This article sums up the main issues picked up by analysts and journalists, of which:
– Manufacturing trade deficit,
– Services,
– Red tape,
– Visas and life abroad, Erasmus,
– Immigration,
– Other trade agreements,
– The risk of the UK breaking up.
Corruption has a new enforcement agency. The CFTC announced in March 2019 that it would start enforcing the FCPA, and it effectively delivered with a $95m enforcement against Vitol, the Swiss energy firm, for bribes paid in Brazil, Ecuador and Mexico.
“The misuse of nonpublic information provided the CFTC with a hook in the Vitol case. In the CFTC’s order, the firm was accused of bribing officials at Brazil’s national oil company, Petróleo Brasileiro SA (https://lnkd.in/gU9BjjP), to get inside information that included weekly reports on production volume and anticipated imports.”
Basically, Vitol bribed Petrobras for confidential information in the company’s business auction. It then used this ‘golden number’ to manipulate the fuel-oil benchmarks from S&P to make the competitors’ bids less valuable.
As usual, Vitol “neither admitted to nor denied the CFTC’s market manipulation findings in its settlement”…
While economists and journalists pour into the 1,200+ pages of the Brexit treaty and its long-term impact, the financial services are already seen as the big missing part.
The UK has one of the largest financial sectors in Europe, representing 2 million jobs, 12% of the country’s GDP, and 50% of its trade surplus. As of Jan 1st, 2021, UK-based financial institutions will lose automatic access to the EU’s single market. Losing its main market will impact not only its activities but also its international attractiveness.
“The City of London finance hub secured no special treatment, leaving it on a par with arch-rival New York 3,500 miles away as the EU seeks to reduce reliance on UK financial services.”
That will not be to everybody’s taste…
A study from the London School of Economics of 18 OECD countries over the last 50 years confirms that reducing taxes only impacts those directly touched by the tax, and has no benefit to anyone else. Tax cuts increase inequality with no impact on economic growth and unemployment.
In an environment where debt has been raising and the pandemic costs need to be financed, the study confirms that taxes can be used without impacting the economy.
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