Tesla’s Slow Response to the SEC

Posted by Angie Goertz on Nov 30, 2016 9:17:29 AM


While Tesla’s cars can accelerate from zero to 60 miles per hour in mere seconds, the company’s communication with the Securities and Exchange Commission over its accounting took months. 

According to a Market Watch report, after Tesla filed a joint proxy statement and prospectus announcing its proposed acquisition of Solar City Corp on Aug. 31, the SEC reached out regarding the company’s accounting. Several letters between the SEC and Tesla’s lawyers overseeing the acquisition, five amendments to the original registration filing and at least one conference call followed. As the report cleverly states, the company got the memos, but not the message.

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Topics: Compliance, SEC, Tesla

Achtung! Deutsche Bank Predicts Difficult Compliance Cleanup

Posted by Angie Goertz on Oct 4, 2016 9:51:59 AM

In last week’s blog Banks Show Growing Interest in Blockchain, we urged you to “Buckle up!” This week as we turn to Deutsche Bank’s compliance cleanup effort, we invoke Bette Davis’ famous “Fasten your seat belts” line because the wounded financial giant is predicting a bumpy night road ahead.

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Topics: Compliance, fintech

4 Must-dos to Simplify your Compliance this Year

Posted by Somer Powell on May 20, 2016 5:26:47 PM

Great job filing your 10-K for last year!  It’s hard to believe, but March approached quickly, and now April has already come and gone.  Don’t let time start getting the best of you before ensuring that your reporting process this year will be a breeze!  Here are a few tips to keep in mind: 

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Topics: Compliance, SEC, Financial Reporting