The SEC announced today that they are bringing civil charges against Leon Cooperman and Omega Advisors for insider trading. The SEC alleges that Cooperman, who was a large shareholder in APL received confidential information and ultimately traded on that information. Ultimately the position in APL resulted in an increase of more than 30%.
Whether it is proven or not that Cooperman and Omega Advisors actually committed violations of securities laws, compliance professionals are required by law to have adequate insider trading policies and procedures and as we also know, it is imperative to test your policies and procedures to determine if there are breaches of the company policy.
While this may or may not have been done in this case, StarCompliance has an automated solution to monitor and detect potential violations of your company insider trading policy. StarCompliance will configure the system to your exact specifications to give you comfort that you have the ability to manage the very real risk of regulatory enforcement for insider trading.
Please contact your StarCompliance sales representative for a demo of our insider trading module and our other conflict of interest solutions.
>
StarCompliance
StarCompliance is a leading provider of employee compliance technology solutions. Trusted globally by forward-thinking companies in 114 countries, Star's future-ready compliance platform delivers on-demand configurability, multi-jurisdictional integrity, and the actionable intelligence you need to monitor for conflicts, meet regulatory obligations and reduce risk. Compliance no longer needs to be complex. Check out Star's intuitive, straightforward UX and give your employees the multi-layered protection they need to comply with confidence. www.starcompliance.com
Ready to talk to the experts?
Schedule a personalized demo with a Star professional to see what the STAR platform can do for you.
Gift-giving and entertaining—commonly known as “wining and dining”—have long been integral to business practices, serving to build relationships and facilitate negotiations.
Navigating Canadian Employment Compliance Regulations
By:Mike Ross
Understanding Canadian regulations is crucial for maintaining compliance and ensuring that your company and its employees understand the boundaries and adhere to the proper conflict of interest regulations.