“Lawmaker Is Focus Of Ethics Report,” The Wall Street Journal, October 12, 2017 A3. A congressman is accused of misusing his public office and sharing non-public information about a company’s drug trials with other investors.
Here, the three threads (governance, information, and compliance) all come together. A member of the governance structure allegedly violates the law and discloses non-public information that was likely material to some but not all investors. How will the Yates memo apply here?
Can you hang high-ranking executives higher than the run-of-the-mill cheater?
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