Chief Compliance Officers Going Through Scrutiny

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As a chief compliance officer, you need to be concerned about your personal liability or your company’s chief executive officer. Research shows that at least 81% of the respondents were concerned. The increasing rate of personal liability is alarming. On April 19th, 2016, a survey done by DLA Piper indicates that about 81% of compliance officers increased their worry concerning their personal liability in circumstances of corporate misconduct. According to this research, the federal agencies turned up the heat by carrying out investigations on compliance officers.

The recent findings given by the 2016 Compliance and Risk Report rotate around the vocalization of priorities coming from Washington like the appointment of Hui Chen to the Justice Department as its first compliance counsel. The release of Yates Memo clearly indicates a plan to incentivize changes and impeach individuals who are corporate employees. The regulatory bits of the survey are in the responses given by compliance officers who are going through an increasing personal accountability for corporate misconducts. Some of these officers might not have perpetrated the wrongdoing while others are guilty.

Results from this survey indicate that there is a concern by most of the chief compliance officers, specifically officers in the private companies. The concerned officers are in industries with high regulations like financial services, chemicals, and healthcare. A quarter of the respondents believe that they lack enough resources to deal with emerging issues. Therefore, the likelihood of experiencing severe worries while moving to compliance landscape is high. Compliance officers need to deal with new risk areas in a bid to encourage ethical and compliant cultures as well as shield themselves from legal actions. Another concern is the allocation of resources and budget allocation.

Helane Morrison

Helane is the chief compliance officer, managing director and general counsel of Hall Capital Partners LLC. Helane joined the firm in 2007. Before that, she was the head of the U.S. Securities and Exchange Commission at the San Francisco Office. She was in that office from 1999 to 2007. While she was the Regional Director and District Administrator, Helane prides herself in the enforcement of securities, regulatory matters, and litigation. She was the head of execution for the office in San Francisco from 1996 to 1999. According to Hall Capital article, Helane was a representative of Securities and Exchange Commission in financial communities, legal, news media and legal agencies.

Before that, Helane Morrison was practicing law at Howard, Canady, Rice and Nemerovski law firm in San Francisco. In 1991, she became a partner. She is a member of the Regional Parks Foundation Board as well as Hedge Fund Subcommittee. Additionally, she is a periodic speaker on matters concerning legal issues and compliance that affect investment advisers.

Igor Cornelsen: Three Tips to Choose the Best Country for Investment

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Despite the current economic problems facing Brazil’s economy, the country has qualities that still make it an attractive destination for investors. First, Brazil is a large market on prnewswire.com for more than 200 million people, a top food supplier in the world, increasing middle-level income and a market for multinationals. It is the biggest country in size and economy in South America and is currently having an increase in demand for infrastructure development.

The Brazilian economy on findthebest.com has negatively affected the price of stocks which now appear to be in the bottom of the cycle despite the country having abundant natural resources. However, investors seem to be having confidence in the economy with many of them still considering to start a new business in the country. This desire for investors appears to be a new turning point for the economy. It is especially an exciting time for Brazil according to Igor Cornelsen.

Igor Cornelsen is a well-respected and top Brazilian banker and investment expert who is well known for three important tips to consider when choosing a country to invest. Cornelsen is well conversant with Brazil’s economy and its potential to be a key player in the world economics. According to Igor Cornelsen, there are three tips to choose the best country for investment.

Connect with the natives
Like any other country you may want to invest, the culture is important especially understanding how to establish relationships and networking. Igor Cornelsen believes that finding connections in Brazil is easy. First, Brazil has a large workforce of young entrepreneurs. Brazilian people are social, and they welcome and accept people from all over the world.

Prepare for the red tape
Igor Cornelsen advises potential investors to be aware of the bureaucracy in the country. For instance, the state enforces restrictive labor market rigidity, pervasive red tape, high taxes, regulatory and complexity. On the positive side, it is a growing market which is still fragile hence the reason for regulation to make a firm foundation. According to Igor Cornelsen, those who make informed decisions and put the right effort in the work to be done are the one who rip the best payoff.

Know foreign-currency restrictions
Brazil enforces tight control of the foreign-currency transactions especially those that need authorization from financial institutions. The country has no single exchange rate for foreign currency; the rate is determined by the nature of the transaction. It is important to ensure you are using the right at all times.

In such an uncertain climate, the Brazilian bankers in the private sectors are only lending to borrowers known to be worthy of credit. The motive is to streamline costs while helping the banks have a sense of security moving forward. Nevertheless, the Brazilian government has a role take to make sure investors feel secure as well as implementing market-oriented reforms and fiscal austerity.

Venezuela Cuts Their Oil Shipment to Cuba and the Carribean By Half

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OPEC considers Venezuela the 5th largest oil export nation in the world. From the 1950s to the 1980s, it was one of the richest nations until oil prices collapsed in the 1980s. Venezuela wasn’t able to return to the thriving nation it once was said by David Osio in an interview. In 2012, Venezuela exported 400,000 barrels of crude oil a day to Cuba. In 2015, the troubled nation reduced its crude oil exporting to 200,000 barrels per day. The crude oil lowered the deficit from around $30 billion to about $22.5 billion back in 2015. Cuba is the most important ally Venezuela has under the Madura administration. Being the largest oil producing nation in Latin America, Venezuela’s economy depends on their crude oil sales.
Cuba has not been given an exception for the cuts made in oil shipment when shipment prices started dropping in the summer of 2014. There are reports according to David that Cuba has only received 55,000 barrels of oil per day since September 2014. Paid services rendered from physicians and sports trainers helped contribute to the fee paid by Cuba for Venezuelan crude oil. Other countries, such as Dominican Republic and Jamaica have had their crude oil supplies cut back almost 75 percent. The dwindling food and energy supply is rooted in the lower oil prices. It has also hurt the economy by cutting exports of oil. Prices are the lowest in more than a decade.

Have a Great Hair Day

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Hair care is something that many people struggle with. Some shampoos make hair greasy while others dry strands to the point of no return. It is difficult to know if something is going to work, or if it is going to make things worse. In a recent article the author decided to take matters into her own hands. (Original article can be found here http://www.bustle.com/articles/136320-i-used-cleansing-cleansing-conditioner-on-my-fine-hair-heres-what-happened.)

Wen by Chaz offers a line of hair care products that claim based on a QVC infomercial to make hair soft and shiny like never before. This product combines shampoo, conditioners and detanglers all in one bottle. This will give a completely unique experience that will leave hair silky and manageable. Specific herbs and extracts are used that will cleanse hair without the use of harsh sulfates many other shampoos tend to use. WEN offers superior treatments for damaged hair. The results speak for themselves.

Emily McClure, a beauty and style author for Bustle, recently decided to take Wen by Chaz out for a spin. McCulure used Wen Cleansing Conditioner in her hair for seven days and definitely noticed a difference. Her hair was softer and beautifully managed after washing and blow drying each time. The only downside appeared to be that the results did not last all day. The pictures show her fine hair being revitalized and full of volume after using the product. Though it may not be perfect for every hair type, Wen by Chaz delivers exactly what is promised.

To truly know if a product works it must be tested. Wen is a different type of hair care routine. When used as directed it will give body and shine not unlike the models in their ads. The specialized formula gives hair the nourishment and attention it craves. Try it out for yourself today, your hair will thank you.

 

Business With A Little Acting

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Do conversations about reality TV drama series put you off? Especially when the title out-rightly warns you to prepare for endless squabbling, incessant complaints and vapid conversations? I had made a decision to boycott all reality drama TV series until “Queens of Drama” happened. First of all the title should have put me off instantly but scrolling down the screen, a different kind of drama happened.

Pop Network couldn’t have landed a better deal than this American drama series-cum-soap opera which goes beyond expected catfights to provide its audience with a taste of what girl power looks like when you bring together former stars of daytime and primetime soap operas. The series is steamy and quite a clever creation that features its cast working collectively on a project to form a production company that can develop new shows. As one follows these actresses in their daily quest to conclude their project at end of season, you are actually unknowingly, already watching a show, even before it is formed. How beautifully ‘dramatic’ is that!

Evolution in the entertainment industry has occasioned reduction in number of soap operas but for former actresses like Vanessa Marcil, Lindsay Hartley, Chrystee Pharis, Hunter Tylo and Crystal Hunt, it is not done and over until it is. The five women are adamant to let go of the reins and their belief in remaining relevant has borne us a series worth living for.

For a show that is largely about business, Crystal Hunt is well suited for it. As it follows, the cast is expected to play fictionalized variations of their characters in their respective former soap operas. Hunt holds nothing back as she expresses her aptitude in business. She is present in the entire ten part series, every time surprising the audience with her creativity. She is not shy to demonstrate her entrepreneurial side as the owner of a pet boutique.

Hunt is a talented photographer and actress and entrepreneur who started out her career at age 2 in pageants. Her face is popular at commercials for remarkable entities like Walt Disney and the NSYNC. Her fame kicked in when she received a Daytime Emmy Award nomination back in 2005 after playing Lizzie Spaulding on the CBS soap opera ‘Guiding Light’. She has played the villainous character of Stacy Morasco in the ABC drama series ‘One Life to Live’. She owns a pet boutique located in her hometown Clearwater, Florida.  Check out Crystal in Magic Mike XXL, and be sure to watch her reel on YouTube for more.

Globalization Has Made The World Interdependent And One Misstep Could Rock That Relationship According To Billionaire George Soros

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When your net worth is more than $23 billion, you have the right to voice economic opinions on the world market. Some economists and ordinary people on bloomberg.com may not listen to those opinions, and the people that do listen may call them strange or the ranting of an eccentric capitalist. But when George Soros, the Hungarian-born billionaire, voices his opinion most of the world listens and takes notes. 




That’s what Bloomberg.com did when Soros was interviewed after an economic forum in Sri Lanka recently on georgesoros.com. Soros is a firm believer in open societies, and he has donated more than $6 billion to promote open societies in countries that don’t respect that social method.




The Bloomberg.com article talked about what Soros has accomplished over the years. His hedge fund is one of the most successful funds in the industry, and his foundations help people in more than 22 countries have a democratic voice. Soros spends most of his time working with his Open Society Institute, but George Soros still talks about investing and economic trends because those things are in his blood. 




Soros graduated from the London School of Economics in 1952 with a degree in philosophy. He moved to the United States in 1956 to work on Wall Street. Mr. Soros is well-versed in economic and philosophic topics, and he is not afraid to voice his opinion when he is asked to comment on issues that may have an impact on the global economy. During the forum in Sri Lanka, Soros let the attendees know that he believed the global economy is in the process of contracting and that contraction will be obvious by the end 2016. 




NYBooks.com reprinted Soros comments from the forum, and that article said China’s manufacturing malfunction is the root of the Chinese economic meltdown. The Chinese don’t call it a meltdown, according to Mr. Soros. The Chinese government doesn’t release the real figures to the rest of the world until they there is no choice but to do so. Mr. Soros said the manipulation of the China’s currency is a good example of how China deals with sensitive issues. Even their gross domestic product growth rate is inflated, according to Mr. Soros.




The Chinese say their economy will grow by at least 6.5 percent a year for the next five years, but Soros believes Chinese growth will be less than 3.5 a year. That is considered a recession in China even though the Chinese won’t use that term to describe their economic debacle.




The bottom line is China is pushing the world into the next major economic downturn, because their narcissistic capitalistic side is front and center, and the world is at their mercy, according to Mr. Soros.