Greenberg Traurig LLP Document Search Results (248)
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|Too Close For Audit Comfort: SEC Announces First Enforcement Actions for Auditor Independence Failures due to Close Personal Relationships|
Greenberg Traurig LLP;
October 17, 2016, previously published on October 3, 2016On Sept. 19, 2016, the SEC announced that a national accounting firm, without admitting or denying the findings, agreed to pay $9.3 million to settle first-of-its-kind charges that two of its former audit partners had “close personal relationships” with public company clients in...
|SEC Extends Comment Period on Disclosure Update and Simplification Proposed Rules|
Greenberg Traurig LLP;
October 17, 2016, previously published on October 3, 2016On Sept. 23, 2016, the SEC extended the comment period on its proposed rules on Disclosure Update and Simplification (Release No. 33-10110; 34-78310) to allow additional time for “interested persons to analyze the issues and prepare their comments.” The comment period will now end on...
|U.S. Government Designates an International Payments Processing Network as Specially Designated Nationals, Continuing its Aggressive Use of Targeted Sanctions Against Non-U.S. Financial Firms that Allegedly Facilitate Unlawful Business Activities|
Carl A. Fornaris, Sandra K. Jorgensen, Renee A. Latour; Greenberg Traurig, LLP;
October 17, 2016, previously published on October 12, 2016On Sept. 22, 2016, the U.S. Department of the Treasury through its Office of Foreign Assets Control (OFAC) imposed sanctions against the PacNet Group (PacNet), a Canada-based international payments processor and money services business, and the entire PacNet operation, including a global network of...
|SEC Chair, Mary Jo White, on the Importance of Board Diversity and Possible Change in Board Diversity Disclosure|
Greenberg Traurig LLP;
October 17, 2016, previously published on October 3, 2016Throughout the year, Mary Jo White, Chair of the SEC, has spoken on the issue of greater diversity on company boards and more informative board diversity disclosures.
|New Regulations in Japan Concerning Margin
Requirements on Uncleared OTC Derivatives|
Makoto Koinuma, Koichiro Ohashi; Greenberg Traurig Horitsu Jimusho;
October 12, 2016, previously published on October 10, 2016Following the publication of the final report by the Basel Committee on Banking Supervision (BCBS) and the International Organization of Securities Commission (IOSCO) in September 2013,1 which sets forth key principles for margin requirements for uncleared derivatives, the Financial Services Agency...
|New Proposed RIC Regulations|
John Kaufmann, Carl J. Riley; Greenberg Traurig, LLP;
October 10, 2016, previously published on October 5, 2016It is a good thing to qualify as a Regulated Investment Company (a “RIC”). All domestic corporations are subject to income tax on their net taxable income. Regular domestic corporations (“subchapter C corporations”) are taxed on their income before they distribute dividends...
Shift West May Impose Requirements on South Florida Property Owners and
Robert S. Fine; Greenberg Traurig, LLP;
October 10, 2016, previously published on Ocotober 4, 2016With the overnight change in course of Hurricane Matthew increasing the likelihood of a major wind event in South Florida, with the possibility of major hurricane (Category III or IV) conditions, contractors operating construction sites and property owners should be aware that Miami-Dade and...
|Brexit: 100-Day Update|
Simon Harms, Lisa Navarro, Gillian Sproul; Greenberg Traurig Maher LLP;
October 6, 2016, previously published on October 3, 20162 October 2016 fell on the 100th day from the UK's referendum vote to leave the EU. It also marked Theresa May's first Conservative party annual conference as Prime Minister and her first major speech on Brexit, in which she announced the timing of Brexit negotiations with the EU and plans for...
|New Emergency Rule in Florida Requires Responsible Parties to Quickly Notify Public of Pollution Spills|
Maribel N. Nicholson-Choice; Greenberg Traurig, LLP;
October 5, 2016, previously published on September 28, 2016On Sept. 26, 2016, Governor Scott ordered the Florida Department of Environmental Protection to immediately issue an emergency rule requiring immediate notification of pollution spills to the general public, FDEP, and local governments. FDEP provides a copy of the Governor’s order and related...
|New York Governor Signs New Ethics Law; JCOPE Issues Emergency Regulations Changing Disclosure Obligations, Guidance for Architects and Engineers|
Mark F. Glaser, Joshua L. Oppenheimer; Greenberg Traurig, LLP;
October 5, 2016, previously published on September 29, 2016As we advised in our previous GT Alert issued in late June, at the close of the regularly scheduled session, the New York State Legislature enacted a bill (the Ethics Reform Legislation) making substantial changes to disclosure obligations imposed on entities that lobby, are clients of lobbyists,...