Recent Posts by Lisa Deschamp

VP of Marketing at MCO
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FCA seeks to fine and ban CEO for market abuse

The Financial Conduct Authority (FCA) has published this week a decision note about the CEO of Worldspreads (WSL), Conor Foley. The FCA is seeking to fine Mr Foley for market abuse and ban him from working on regulated activities. The decision note was published on July 7 but follow an investigation that started in 2012. The FCA accuses the executive of committing market abuse by disseminating false information and manipulate transactions.

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DOJ Guidance on Evaluation of Corporate Compliance

The US Department of Justice (DOJ) recently published an updated version of its guidance on the Evaluation of Corporate Compliance Programs.

The guidance provides direction regarding corporate compliance best practices and addresses the three fundamental questions that should be used to evaluate a corporate compliance program.

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SEC Finds Deficiencies in Disclosing Conflicts of Interest and MNPI

The Office of Compliance Inspections and Examinations (OCIE) of the Securities and Exchange Commission (SEC) recently published the Risk Alert Observations from Examinations of Investment Advisers Managing Private Funds. 


The Risk Alert covers three general areas of deficiencies that the OCIE has identified in examinations of private fund advisers: conflicts of interest, fees and expenses, and policies and procedures relating to material non-public information (MNPI). The alert outlines concerns and compliance issues observed during examinations of registered investment advisers that manage private equity funds or hedge funds—and serves notice that the SEC will continue to put a high priority on customer well-being.

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