07/28/2010 - The Court has upheld most of the Sarbanes-Oxley Act of 2002, enacted in response to the accounting scandals at Enron and other companies. However, the Court did overturn part of the law that required that members of the Public Company Accounting Oversight Board, established to monitor accounting firms, be fired only for “cause.” The Court said that the board members may be fired at will.
07/28/2010 - The financial reform bill signed last week by President Obama not only strengthens whistleblower protections but provides a financial incentive to blow the whistle against fraud on Wall Street.
06/30/2010 - RPCfirst seeks to duplicate the information-sharing and preparedness successes of Chicago’s financial sector. Find a group in your area or learn more about the model, which participants say can be duplicated in any industry, in any region.
05/28/2010 - A new law (formerly S.B. 1045) recently enacted in Oregon will prohibit most employers from conducting a credit check on current or prospective employees. The law exempts some types of employees—such as those who work at federally insured banks and credit unions, law enforcement personnel, airport security, and any other employees who must undergo a credit check as a matter of law. The law also allows an employer to conduct a credit check if it is “substantially job-related.” To exercise this exemption, employers must disclose the reasons for the check to the employee in writing. The law will not affect the use of other types of background checks.