Today it was widely reported, including on Computerworld, that Morgan Stanley claimed millions of their emails requested for arbitration were destroyed during the 9/11 terrorist attacks. The National Association of Securities Dealers (NASD) accused Morgan Stanley of in fact having the emails on backup media the entire time.
Archive for the ‘Laws & Regulations’ Category
Email Smack Down: Morgan Stanley Charged by NASD with Purposefully Withholding Emails
Thursday, December 21st, 2006PCAOB Formally Proposes New Auditing Standard for Section 404 of SOX
Wednesday, December 20th, 2006Yesterday the SEC issued a press release regarding a Public Company Accounting Oversight Board (PCAOB) proposal for a new auditing standard for Section 404 of the Sarbanes-Oxley (SOX) Act. The goal of the proposal will be to strengthen investor protection while getting rid of what is referenced as the “unduly expensive and inefficient auditing standard under Section 404.”
HIPAA: Report Shows Most Complaints Not Investigated
Monday, December 18th, 2006Government Health IT published an interesting report today, “Most privacy complaints are not investigated.”
From the article:
“The Department of Health and Human Services investigated less than 25 percent of 22,964 privacy complaints submitted to HHS‚Äô Office for Civil Rights (OCR) from April 2003 through September 2006”
Six U.S. Bills Related To Data Protection Introduced Dec. 5 – 7
Monday, December 11th, 2006Last week was a busy one for data protection bills for the end of the 109th U.S. Congress. Prior to adjourning, they introduced at least six bills related to data protection.
Sarbanes Oxley: More Speculation on Rehaul
Sunday, December 10th, 2006For those of you who are always looking for opinions on SOX, Pierce McNally wrote an opinion piece that appeared in today’s (Sunday’s) Minneapolise-St. Paul Star Tribune about how SOX needs to be reformed or it will cost companies needless amounts of millions of dollars in annual compliance costs.
Nothing really new, just more speculation that there is going to be a SOX overhaul sometime soon. However, perhaps something to add to your archives.
