Politically Connected Cos. Face Lower SEC Threat, Study Says
By Stephanie Russell-Kraft (August 13, 2014, 8:30 PM EDT) -- Politically connected firms are less likely to be targeted by Securities and Exchange Commission enforcement actions, according to a new paper by a London Business School professor, who says that contributions to politicians who can influence the SEC are especially effective at reducing the threat.
According to the paper published earlier this year by Maria M. Correia, assistant professor of accounting at the university, long-term political action committee contributions and lobbying are associated with a lower likelihood of enforcement for companies that make restatements in SEC filings. Correia based her analysis on data gathered from the Federal Election Commission, the Senate's...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!