Today we continue our weekly installment highlighting the best of the corporate and securities blogosphere from this past week. If there are any corporate or securities blogs you think should be highlighted by our Top 5, please comment on this post and we’ll check them out!
1) Bulletproof Blog: Aggressive Pace of FCPA Enforcement to Continue – This post highlights the Department of Justice’s aggressive enforcement of the U.S. Foreign Corrupt Practices Act (FCPA), the law that prohibits companies and individuals from offering or giving bribes to win and retain business abroad.
2) DealBook: Fender Looks to Rock the Public Markets – This post discusses how Fender Musical Instruments filed for an initial public offering of stock, as it “looks to reduce debt and amplify its standing in the music world. Fender expects to raise $200 million from the offering, according to a regulatory filing. The company has yet to say how many shares it will sell, or at what price.”
3) The Race to the Bottom: Citizens United and the SEC (Parts 1,2,3) – This series of blog posts focuses on political contributions, discussing the SEC’s role in requiring disclosure of political expenditures, and the proposed legislation that deals with mandatory reports to the Federal Election Commission. Whatever one thinks of Citizens United and the opinion by Justice Kennedy, the impact seems ubiquitous. Super pacs are everywhere and corporate money seems to be sloshing through the system.”
4) The Business Ethics Blog: Should the Lorax speak for the SUVs? - Social responsibility has become more and more a part of successful corporations’ ethos, so when a major film is made showcasing social problems such as “environmental degradation” like “The Lorax”, it makes sense that companies like Whole Foods Market would want to join their promotional efforts. This blog makes a point of looking at the companies that really have nothing to do with the film’s overall message and questions whether such associations are ethical.
5) Federal Securities Law Blog: Stanford Convicted on 13 of 14 Counts for His $7 Billion Ponzi Scheme – This post reports on the Robert Allen Stanford conviction on Tuesday, March 6, 2012 for his decades-long Ponzi scheme that bilked investors of over $7 billion. Mr. Stanford, who was arrested in June 2009, was charged with a scheme under which investors who trusted Mr. Stanford with their funds were told that the money was placed in certificates of deposit at the Stanford International Bank based in Antigua.