Now in Print and Digital Editions
Beginning in January 2014, The Bank Board Letter, the premier newsletter for directors at financial institutions and their holding companies, will be available in print and digital editions.
Published monthly, The Bank Board Letter features timely, informative and, in today's regulatory climate, essential articles to help directories improve their knowledge and help their banks succeed in an increasingly competitive and fast-changing industry.
The new, expanded digital edition offers additional articles on key subjects of importance to all bank directories, including risk management, education and training, oversight guidelines, technology solutions, compliance issues, business development, portfolio management and more.
With regulators pressing for more board involvement in corporate governance, the best directors are informed directors. And The Bank Board Letter, now in its 31st year, continues to be an essential information resource — with a consistently high rate of subscription renewals.
There Is Potential Criminal Liability in Lying to Regulators
In one of the most high-profile cases of its time, Martha Stewart was convicted of obstructing justice as a result of her intentional misrepresentation to Securities and Exchange Commission and FBI investigators regarding the circumstances of her sale of ImClone Systems stock. While Stewart was not criminally charged with insider trading as a result of her actions, she was ultimately convicted for her participation in a scheme to cover up her actions and the actions of her broker.
Stewart’s obstruction conviction resulted in the imposition of five months of jail time and a five-month homeconfinement sentence plus a fine of $30,000. Not unexpectedly, obstruction of justice charges are not limited to such high-profile cases.
Chapter 73 of Title 18 (18 USC §1501, et seq.) of the U.S. Code provides the statutory scheme for the federal crime of obstruction of justice. Section 1517 liability may attach at any time an individual obstructs or attempts to obstruct an examination of an institution by federal regulators. It is not necessary for an individual to be under oath in order for liability to attach.