Wednesday, June 8, 2011

Articles: Electronic Ethical Walls and Conflicts

Screening: "The Rules Bless 'Screening' But Firms Should Focus on Erecting 'Firewalls'" -- Brian Faughnan, a partner with Adams and Reese, argues for the need to implement effective electronic ethical screens. He makes the case that a "memoranda-based" approach to screening is insufficient in today's environment. Sending a notification to affected parties and relying on their due diligence to adhere to defined rules, while required, does not take into account the reality of the accessibility of electronic information, which should be affirmatively secured.

Conflicts: Bearing in mind that conflicts allegations are just that (allegations), several have been publicized in recent week. See:

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