Happy Holidays !!!

Happy Holidays !!! to Everyone and a Prosperous New Year 2014 !!!

We thank you for your support and we do not forget !!!

Office Supply Store

Whether you work from home, or order supplies for your company, it is important to find the right office supply store for your needs. When you order supplies for your office, and you spend enough money, you may soon have many an office supply store vying for your business. This is when you can save a lot of money, and when you can start being choosy about who you want to deal with on a daily basis. There are many chains that furnish office supplies, but sometimes, a local office supply store may be just what you need.

The big chains have everything you can imagine or possibly want. As you walk through the aisles, you may even notice a lot of stuff you can’t imagine needing. No matter, as long as you can get what you need. You can often find bulk amounts of often-used supplies, and you may also find they offer you delivery options if you buy on a regular basis. This type of office supply store is great, but they rarely have room to negotiate.

A local office supply store, on the other hand, may have more breathing room. If you buy from them on a regular basis, they want to keep your business. Many small supply stores are under pressure due to the larger chain stores, and they will do more for you to keep you aboard. They may offer interest free billing, and may also go out of their way to order hard to find items that you can’t find anywhere else.

If you are looking for the first time, no matter if you are just starting your own business, or if you have just gotten a job that entails purchasing office supplies, look around and consider your options. Talk with a manager and let them know who you are, and ask them about what they can do for you. If you have gotten a job buying supplies for a large company, talk to the one they currently use, but don’t be afraid to look around for something better. Sometimes, companies stick with the office supply store they have been using for ages, simply out of habit. If you find better deals and better service, your employer is sure to take notice.

Don’t forget to look online. You may find an office supply store there that beats the others in price and service. At the same time, remember that if they are not local, it may not be as convenient, and any savings may be wiped out when something goes wrong. The bottom line is to find someone who appreciates you, and that will work to give you the best deal every single time you order.

Fwd: | 08.09.11 | SSA telephone service satisfaction declining

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Subject:	| 08.09.11 | SSA telephone service satisfaction declining
Date:	Tue, 9 Aug 2011 11:59:19 -0400 (EDT)
From:	FierceGovernment <editors@fiercegovernment.com>
Reply-To:	editors@fiercegovernment.com
To:	nbrauchitsch@yahoo.com

If you are unable to see the message below, click here to view.

August 9, 2011 Sign up for free: Subscribe | Web | Mobile Refer FierceGovernment to a Colleague This week's sponsor is Serena. Whitepaper: Top 10 Signs Your Agency Needs a Development Makeover Are your technology initiatives destined to be on the list of high-risk federal IT projects? Learn how your agency can avoid a costly technology makeover by orchestrating your application development processes. Download this whitepaper today. Today's Top Stories 1. Social Security telephone service satisfaction high but declining 2. Federal small business advocates lack proper authority, says House subcommittee 3. Agencies to phase out old SES standards starting Sept. 30 4. OPM moves forward with internship, hiring reform 5. Backgrounder: Super Congress Editor's Corner: Social Security Administration must approach its online future carefully Also Noted: Spotlight On... Army to cut 8,000 civilian jobs FAA workers back to work--until Sept. 16; Tech vendors pledge to employ veterans; and much more... More News From the FierceGovernment Network: 1. ICE drops Secure Communities agreements with states, says participation is mandatory 2. White House taps VanRoekel to replace Kundra as federal CIO 3. Report: Cultural values are an e-government readiness indicator This week's sponsor is IBM. Whitepaper: Staying aloft in tough times - Why smart, innovative, businesses are turning to cloud computing From the manufacture and sale of goods to energy conservation and financial services, business processes acrossthe industry spectrum are being digitized, infused with unprecedented speed, capacity and intelligence. Cloud provides highly automated, dynamic alternative for the acquisition and delivery of IT services. Download this whitepaper today. Social Security Administration must approach its online future carefully By David Perera Comment | Forward | Twitter | Facebook | LinkedIn When it comes to administrative measures that the Social Security Administration must adopt to handle the oncoming wave of retirees, there's large agreement that the answer lies online. For example, a panel chartered by the SSA recommended (.pdf) in June 2010 that the agency adopt a goal of moving 90 percent of all business online. Electronic self-service "appears to be the only solution that will enable SSA to process future transaction volumes," the panel report states. There's just one problem: People who contact the agency through the telephone aren't especially interested in switching to their computers. Four years' worth of annual field office caller surveys obtained by FierceGovernment through a Freedom of Information Act request show that typically only a quarter of callers are "very interested" in using the Internet to conduct Social Security business. And only in one year--fiscal 2009--have more people said they are "somewhat interested" than "not at all interested" in using the Internet for Social Security purposes. That the SSA will have to be innovative in handling its obligations, especially in a time of tightening federal budgets, is obvious. That the answer lies online is probable, too; with each year, retirees are more and more likely to be familiar with computers and online transactions. -->READ THE FULL EDITOR'S CORNER Read more about: transparency, FOIA, Social Security Administration back to top Sponsor: Share FierceGovernment with your network Marketplace > Whitepaper: Staying aloft in tough times - Why smart, innovative, businesses are turning to cloud computing * Post a classified ad: Click here. * General ad info: Click here Today's Top News 1. Social Security telephone service satisfaction high but declining By David Perera Comment | Forward | Twitter | Facebook | LinkedIn Most callers to Social Security Administration field offices have been satisfied with the telephone service they received, show surveys conducted by the SSA that were obtained by FierceGovernment through a Freedom of Information Act request. The field office surveys results--we obtained surveys for fiscal years 2006, 2007, 2008 and 2009--nonetheless contain some causes for concern. (The fiscal 2010 survey is not yet complete, the SSA FOIA office told us.) The overall satisfaction rate, while recently stable from year to year, has declined from a peak of 83 percent last recorded in fiscal 2005 and before that in fiscal 2003, when the annual survey began. Responses from callers who said they use Internet also indicate no clear demand for more online-based services, a direction the SSA is being heavily encouraged to take. The survey is conducted each year by a contractor, which receives the telephone numbers of callers to randomly selected field offices and conducts a structured interview with participants. In a typical recent year, a slight majority of callers report having tried to call the field office earlier that day but say they encountered a busy signal or automated recording. In fiscal 2009, 58 percent of respondents said they met with such a response; in fiscal 2008, it was 55 percent. -->READ THE FULL ARTICLE Related Articles: Panel: SSA should conduct almost all transactions through online self service Social Security Administration data center teeters while replacement is delayed Panel recommends SSA continue with mainframe modernization Read more about: Fierce FOIA, Social Security Administration, telephone service back to top Keep your colleagues in the loop. Share FierceGovernment with your network: 2. Federal small business advocates lack proper authority, says House subcommittee By David Perera Comment | Forward | Twitter | Facebook | LinkedIn A House subcommittee is raising objections to agency delegations of small business advocacy duties to officials who lack a direct report to the agency head or second in command. The Small Business subcommittee on contracting and workforce sent letters to six major federal agencies on August 5 demanding they rectify a situation in which the directors of their offices of small and disadvantaged business utilization are not in fact in charge of the day-to-day functions of those offices. Each federal agency with procurement authority has been required since 1978 to have an OSDBU. A June Government Accountability Office report (.pdf) found the departments of Agriculture, Commerce, Justice, State, Interior and Treasury, as well as the Social Security Administration, lack a dedicated OSDBU director. Each received a letter from the subcommittee, signed by its chairman, Rep. Mick Mulvaney (R-S.C.). In many cases, the letters say, the titular OSDBU director is also the agency's chief acquisition officer, a situation that represents a conflict of interest since the OSDBU is meant to act as a small-business safeguard to the acquisition functions of agencies. The departments of Commerce, Justice, State and Treasury have disputed the GAO's assertion that their OSDBU reporting structure doesn't comply with federal law, assertions that the GAO disagrees with. Although the duties in the federal government are often vested in high-level authorities who then delegate them to lower-tier officials, the Small Business Act of 1978 does not permit that arrangement, the GAO argues. "The legislative history [of the act] reveals that the reason for this requirement is that Congress believed that agency officials responsible for promoting procurements for small and disadvantaged businesses were often too far down the chain of command to be effective," it says in the June report. For more: - download the subcommittee's letters to the departments of Agriculture (.pdf), Commerce (.pdf), Justice (.pdf), State (.pdf), Interior (.pdf) and Treasury (.pdf), and the Social Security Administration (.pdf). - download the GAO report, 11-418 (.pdf) Related Articles: Veteran-preferred contracting programs rife with fraud, say VA OIG, GAO About 3,400 small businesses stand to lose HubZone status Fixed price contract usage down, says OFPP Read more about: House Small Business, DOJ, Social Security Administration, OSDBU back to top 3. Agencies to phase out old SES standards starting Sept. 30 By Molly Bernhart Walker Comment | Forward | Twitter | Facebook | LinkedIn An interagency working group has devised a standardized Senior Executive Service performance management system, which the Office of Personnel Management plans to launch by the end of September. At that time, agencies will begin a 2-year process of phased implementation, as their SES certifications near expiration, explained OPM Director John Berry in an Aug. 2 memo. Federal agencies currently use a vast array of SES performance management techniques and this lack of uniformity makes it difficult to promote accountability in managing executive performance, writes Berry. The random approach also creates an administrative burden for agencies to achieve approval and certification of their performance appraisal systems. The common framework and structure, established by the President's Management Council working group, will still permit some agency customization. "A standard system will foster a holistic approach for selecting, developing, appraising, recognizing and retaining a diverse and high-performing cadre of federal executives," wrote Berry. Ten agencies comprise the working group that was tasked with moving along SES performance management reform. SES training is an issue that's been on the mind of some lawmakers, as well. In February Sen. Daniel Akaka (D-Hawaii) introduced the "Federal Supervisor Training Act of 2011" (S. 790) and in April, Rep. Jim Moran (D-Va.) introduced a bill of the same name (H.R.1492). Both proposals have been referred to committees, but have not been reviewed. For more: - see the OPM memo Related Articles: GAO: Agencies lack common policies for emergency telework Veteran hiring in government up, says OPM OPM, OMB limit performance awards Read more about: OPM, OPM Director, John Berry, Senior Executive Service back to top 4. OPM moves forward with internship, hiring reform By Molly Bernhart Walker Comment | Forward | Twitter | Facebook | LinkedIn The Office of Personnel Management released draft regulations (.pdf) August 4 that aim to establish a redesigned internship and entry-level federal hiring system called the Pathways Programs. The regulation would streamline several hiring programs, including the former Federal Career Intern Program, in an attempt to provide clearer paths toward federal employment. The proposed regulation would establish three pathways: an internship program offered to students in a variety of educational institutions from high school to graduate level, a recent graduates program open to students who received a degree in the last two years and veterans who have graduated college and left active duty within 6 years, and the Presidential Management Fellows program. The PMF program, which has been in place for more than 30 years, is the government's "premier leadership development program" for advanced degree candidates, says OPM. "Under the regulations proposed by OPM, the eligibility window for applicants [to the PMF program] would be expanded, making the program more 'student friendly' by aligning it with academic calendars," said OPM. The proposed regulations were mandated by a December 2010 executive order requiring OPM to streamline federal hiring for prospective interns and entry-level workers. President Obama signed the order following a Merit Systems Protection Board ruling that found FCIP was being used to block veterans from pursuing federal jobs. Because FCIP allowed agencies to rapidly shuttle interns to full-time employee status, the board said agencies were not making competitive service jobs public. This past issue is addressed by the proposed regulations, which make clear that veteran-hiring preference still exists even when in competition with interns. "The Pathways Programs provide for more transparency," says the draft regulation. "Members of the public interested in these opportunities with the Federal Government will now be able to learn about them through USAJOBS.gov." "OPM's proposed implementing regulations would provide for more transparency in federal internship opportunities, limit the programs so they are used as a supplement to competitive examining and not a substitute for it, apply veterans' preference, and provide for OPM oversight," says the draft regulation. The draft regulations are open for public comment until Oct. 4. For more: - see the OPM press release - see the Federal Register announcement (.pdf) - comment on the proposed regulation Related Articles: GAO: Agencies lack common policies for emergency telework Good recruiting may not fix failed succession planning  OPM, OMB limit performance awards Read more about: OPM, Barack Obama, Merit Systems Protection Board, Pathways Programs back to top 5. Backgrounder: Super Congress By Molly Bernhart Walker Comment | Forward | Twitter | Facebook | LinkedIn What the Joint Select Committee on Deficit Reduction is: As part of the Budget Control Act of 2011 (S. 365 Public Law 112-25 [.pdf]) deal to raise the debt ceiling, Congress created a joint committee, sometimes referred to as the "Super Congress" or "Super Committee." The law calls for a bi-partisan, 12-member committee; the House speaker, House minority leader, Senate majority leader and Senate minority leader will each get to appoint three members. The unusual construct and the committee's ability to collaboratively write legislation is rare in the American legislative process, but some observers have drawn parallels between the committee and the Base Realignment and Closure (BRAC) process. The Super Congress's task: The Budget Control Act of 2011, which will incrementally increase the debt ceiling limit by as much as $2.4 trillion over the previous $14.3 trillion limit, tasks the committee with recommending legislation by Nov. 23, 2011 that will cut "discretionary funding and direct spending" by $1.5 trillion through 2021. The law does not specifically define whether the entire $1.5 trillion must come from budget cuts or if it could also come from tax revenue increases. -->READ THE FULL BACKGROUNDER Related Articles: Federal government poised for era of austerity TSP board seeks to soothe debt-ceiling concerns, prevent G Fund withdrawals Debt ceiling deal won't have major effect on federal IT, says INPUT Read more about: debt ceiling, BRAC, Paul Ryan, Budget Control Act back to top Also Noted SPOTLIGHT ON... Army to cut 8,000 civilian jobs The Army plans to cut 8,000 civilian workers by the end of fiscal 2012, according to a memo from Army Secretary John McHugh that was   obtained by CNN. The cuts would come through voluntary early separation or early retirement, attrition and possibly layoffs. In January, then-Defense Secretary Robert Gates said the Army would begin scaling back its active-duty force by 27,000 soldiers in 2015. Army is responding to steep budget cuts imposed by the Defense Department's efficiency initiative. Article > FAA workers back to work--until Sept. 16. Article (The Hill) > Verizon strike likely won't disrupt federal communications. Article (NextGov) > Tech vendors pledge to employ veterans. Article (InfoWeek) > Wisconsin voters go to polls on recall ballots. Article (NYT) > Postal Service posts $3.1 billion quarterly loss. Article (WaPo) And Finally... Slow-motion of an owl coming to land. Embedded video Marketplace * Post listing: Click here. * General ad info: Click here. > Whitepaper: Staying aloft in tough times - Why smart, innovative, businesses are turning to cloud computing From the manufacture and sale of goods to energy conservation and financial services, business processes across the industry spectrum are being digitized, infused with unprecedented speed, capacity and intelligence. Cloud provides highly automated, dynamic alternative for the acquisition and delivery of IT services. Download this whitepaper today. ©2011 FierceMarkets This email was sent to nbrauchitsch@yahoo.com as part of the FierceGovernment email list which is administered by FierceMarkets, 1900 L Street NW, Suite 400, Washington, DC 20036, (202) 628-8778. Refer FierceGovernment to a Colleague Contact Us Editor: David Perera VP Sales & Business Development: Ryan Willumson Publisher: Ron Lichtinger Advertise Advertising Information: contact Ryan Willumson. Request a media kit. Email Management Manage your subscription Change your email address Unsubscribe from FierceGovernment Explore our network of publications: - FierceBiotech Research - FierceBiotech - FierceBiotechIT - FierceCIO - FierceCIO:TechWatch - FierceContentManagement - FierceDeveloper - FierceEMR - FierceFinance - FierceFinanceIT - FierceDrugDelivery - FierceGovernment - FierceHealthcare - FierceHealthFinance - FierceHealthIT - FierceGovernmentIT - FierceIPTV - FierceMobileContent - FierceMobileHealthcare - FierceMobileIT - FierceOnlineVideo - FiercePharma - FierceMedicalDevices - FiercePharma Manufacturing - FierceComplianceIT - FierceTelecom - FierceVaccines - FierceEnterpriseCommunications - FierceBroadbandWireless - FierceWireless - FierceWireless:Europe - Hospital Impact - FierceHealthPayer - FiercePracticeManagement - FierceEnergy - FierceSmartGrid

Fwd: | 08.09.11 | Social media ramps up as a compliance issue

-------- Original Message --------

Subject:	| 08.09.11 | Social media ramps up as a compliance issue
Date:	Tue, 9 Aug 2011 09:15:19 -0400 (EDT)
From:	FierceComplianceIT <editors@fiercecomplianceit.com>
Reply-To:	editors@fiercecomplianceit.com
To:	nbrauchitsch@yahoo.com

If you are unable to see the message below, click here to view.

August 9, 2011 Sign up for free: Subscribe | Website | Jobs | Mobile Refer FierceComplianceIT to a Colleague This week's sponsor is EMC. Case Study: Accounts Payable Automation Download this case study to learn how a premier global supplier of integrated systems to the motor vehicle industry, used EMC's BRT APx Solution to improve efficiency and reduce overall costs, while receiving the strategic ability to better monitor and manage their overall AP business process and working capital. What's New More XBRL-based applications being used Social media ramps up as a compliance issue Time to revamp SEC? SEC lawyer also a witness in Tourre proceedings Editor's Corner: What to make of McAfee's Shady RAT report? Tip of the Week eDiscovery solutions vendors selling to IT managers now--a big change Also Noted: IBM Managing the risks of "gamification"; CFTC makes case for Dodd Frank and much more... News From the Fierce Network: 1. The ultimate irony: Treasuries soar! 2. What to make of Goldman Sachs' stock? 3. Piling on, AIG sues Bank of America over MBS Leveraging Predictive Analytics in the Data Center to Manage Performance & Risk - August 9, 12 pm ET Complex IT environments are generating massive amounts of performance, metric, and alert data every day. It’s becoming increasingly difficult to sort through this information in a timely manner to take actionable steps to manage risk & minimize outages, improve operational efficiencies, or identify new growth opportunities. View this webcast to learn more. What to make of McAfee's Shady RAT report? By Jim Kim Comment | Forward | Twitter | Facebook | LinkedIn On one hand, the much-discussed 14-page report from McAfee on Operation Shady RAT was phenomenally successful. It generated lots of government and corporate angst as just about all publications ran with big scary-sounding headlines. The relatively staid The Atlantic ran with "How Did We Miss the World's Largest Cyber Attack?"And FOX News ran with this one: "U.S. Cybercops Caught Flat-Footed by Massive Global Cyberattack." The article duly summarized the basics of the report: A big single "state actor" had been perpetrating a coordinated 5-year scheme to steal data from governments, big corporations, small NGOs and others with sophisticated malware. It quoted from the report's author, McAfee's vice president of threat research, Dmitri Alperovitch, "Even we were surprised by the enormous diversity of the victim organizations and were taken aback by the audacity of the perpetrators." The media coverage was indeed breathtaking. Some featured quotes from national security agency heads about it all. But how much exactly of this is really new? It's a fair question. Sci-TeToday.com writes: "Security researchers see nothing new in McAfee's cyberattack report. Malware attacks and the theft of intellectual property are known, an analyst said, and the report skips useful details. And the rampant speculation that the cyberattacks are coming from China may be simplistic." Of course, this response may simply be the sniping of rival vendors in the security software industry. The fact is that reports of this nature are marketing and PR pieces as well as research pieces. There's no reason why a white paper can't be both. Indeed, white papers are a time-honored marketing tradition in the technology industry. If you've got a new product, you pretty much have to come out with a white paper. In the case of the security industry, these sorts of reports are designed to generate headlines and position the company as a thought leader . Timing is also key, and the PR and marketing folks were wise to release the report ahead of the Black Hat conference. So perhaps a dose of restraint is needed when interpreting the results. This is not to say that the report's conclusions aren't interesting and important. They are. But we need to balance them against the marketing needs of McAfee. - Jim Read more about: malware, McAfee, Cyber Crime, Security Software back to top Events > Health Market Science Compliance Webinar: CMS 6028 and You - August 9 Marketplace > Whitepaper: IT GRC Turning Operational Risks into Returns > Whitepaper: Top Six Essentials to Your Risk Management Strategy * Post a classified ad: Click here. * General ad info: Click here Today's Top News More XBRL-based applications being used By Jim Kim Comment | Forward | Twitter | Facebook | LinkedIn Now that XBRL-compliant financial reports are a reality for just about all companies, we will be looking for interesting applications built on XBRL-tagged data. So far, we've seen most companies focus more on compliance than the actual benefits that might flow from tagged data. This state of mind may continue as the second phase of compliance--which may be trickier--looms large. At some point, we would hope that more companies realize the power of this data standard. Brokerage firms and mutual funds companies, it would appear to us, are in good position to develop all sorts of new applications that would go over well with their clients. Heck, they may even be able to charge for such applications. A techie with an entrepreneurial mind might come up with some he could market over the Net to lots of people. So far, we haven't been wowed by what we've seen. But in a good sign, more people are thinking along the lines of better applications for internal use. It may be seen as a bit self-serving, but a recent survey by Edgar Online has found that "XBRL data will significantly advance analysis, particularly regarding industry research, performance benchmarking and investment decisions."  So far, industry analysis, benchmarking and equity investment decisions are the most popular uses of data: 74 percent use data for industry analysis, 51 percent for benchmarking other companies, 40 percent for analyzing equity investment decisions and 30 percent for evaluating mergers and partnerships. To be sure, there are many companies at which compliance is exactly that-a burden more than anything useful. Hopefully, that will change. For more: - here's the release Related articles: XBRL at the finish line: Was it worth the effort?   XBRL to tame corporate actions   XBRL myths exploded Read more about: compliance, XBRL, Brokerage Firms, Edgar Online back to top Social media ramps up as a compliance issue By Jim Kim Comment | Forward | Twitter | Facebook | LinkedIn We've been talking a lot recently about the rise of social media at companies in the context of compliance programs. Many companies are beginning to embrace the idea of social media--both for internal use and for outreach purposes--and in some ways the compliance managers have been scrambling. Vendors are certainly starting to address this. Symantec, for example, recently announced its Enterprise Vault 10, which in addition to new email and content archiving software also features an application that will archive all social media interactions for compliance and eDiscovery purposes. The goal is to allow users to "effectively archive and discover the millions of records employees are creating by email, social media, SharePoint and file systems." It's a daunting task, to be sure. But it's fair to say that the train has left the station in more than a few industries. We would be remiss if we failed to remind people that there is a lot at stake. It's fine to drink the social media Kool-Aid, we're all doing so, but the pressure is on to match the roll-out with a powerful compliance program. The pharmaceutical industry is a good example of why extreme caution is merited in highly regulated industries. BioITworld.com offers an interesting rundown of the issues. "Pharma companies are bound to adhere to the guidelines of the FDA'S Division of Drug Marketing, Advertising, and Communications (DDMAC), which aims to ensure that prescription drug information is truthfully conveyed to the public. While the communication guidelines for print and broadcast media are explicit, the DDMAC has not formalized guidance for communication in the context of interactive digital media. This ambiguity leaves what is deemed appropriate for social media communication open to the DDMAC's discretion-and consequently, many pharma companies are hesitant to broach this new territory." Companies need to grapple with this sooner rather than later.   For more: - here's the article Related articles: New privacy law regulating apps might emerge    Social media compliance issues increase   Centigage pushes financial social media movement forward   Commentary: social media expertise doesn't exist Read more about: compliance managers, Compliance Programs, Compliance Program, Social Media back to top Time to revamp SEC? By Jim Kim Comment | Forward | Twitter | Facebook | LinkedIn The issue of a radical overhaul of the SEC's structure and even its mission has been a fairly big issue as of late. Recall that Section 967 of  Dodd-Frank required that the SEC hire a consultant to look broadly at the organizational and other woes of the agency, which all would agree are severe. The subsequent report by the Boston Consulting Group recommended a wide array of reforms that are now being revived to some degree by an attempt to legislatively impose reform on the SEC. According to Reuters, Rep. Spencer Bachus, chairman of the House Financial Services Committee, plans to introduce a bill that would "consolidate offices and divisions, shore up ethics guidelines for SEC employees, and address conflicts of interest that could arise from the ‘revolving door' of people who go from the commission to often high-earning jobs on Wall Street." Among other things, the SEC Modernization Act would get rid of the agency's Office of Compliance, Inspections and Examinations and merge its staff into the agency's trading and markets and investment management divisions. The office was roundly criticized in 2009 for its failures to detect Bernard Madoff's Ponzi scheme. The proposal would also jettison the Division of Risk, Strategy and Financial Innovation, a new division created in the wake of the financial crisis tasked with staying abreast of systemic risk. For all its woes, no one is calling for the death penalty, that is, an end to system as we know it. Recall the fate of the old INS, which was essentially dealt a death blow as it was legislated into oblivion in 2003. It's duties were parceled out to other agencies. For more: - here's the article Related articles: SEC approves, delays registration requirement for funds   Dodd-Frank rules on OTC derivatives to be delayed   SEC hires top economist to critical regulatory post Read more about: Bernard Madoff, Ponzi Scheme, House Financial Services Committee, SEC back to top SEC lawyer also a witness in Tourre proceedings By Jim Kim Comment | Forward | Twitter | Facebook | LinkedIn We've often discussed the problem of the regulatory revolving door, which usually features regulators angling for jobs with the firms they once regulated. It's a huge issue.   Now, the New York Times offers an interesting twist on the issue. As the financial crisis really started to hit home, many people in the financial services industry sought jobs as regulators. Althought it was easy to couch this as a desire to help out and "give back" via public service, a lot of people simply needed jobs. Adam Glass was an attorney advising hedge fund honcho John Paulson before he made his way to the SEC as a lawyer helping to write the new rules for derivatives trading. In the SEC's case against Goldman Sachs's Fabrice Tourre, who intends to go to trial against the SEC, Glass has found himself a major witness. And that has lead to some head-scratching.   One professor told the Times: "There are a lot of talented people out there you could hire who weren't necessarily part of the problem. If he was involved in Abacus, how is he supposed to police it?" The bigger problem for the SEC is whether this will somehow undermine its case against Tourre. Glass was apparently a major player in the creation of the ABACUS securities that led to a major prosecution of Goldman Sachs and Tourre. The Times notes the words of Franklin D. Roosevelt in justifying Joe Kennedy as chairman of the SEC, something along the lines of "you need to set a thief to catch a thief."  The SEC is betting that Glass is sincere in his work as a regulator, though the controversial door might make one more revolution and land him back on the more lucrative side of the game.  For more: - here's the article Related articles: Fabrice Tourre's fabulous laptop makes waves   Fabrice Tourre, a minor player in larger CDO drama Read more about: regulators, Financial Services Industry, Goldman Sachs, CDS back to top Tip of the Week eDiscovery solutions vendors selling to IT managers now--a big change By Jim Kim Comment | Forward | Twitter | Facebook | LinkedIn As the eDiscovery imperative took root at many organizations, legal departments took the lead in ensuring compliance. The process has quickly veered into the realm of IT, however, which has required vendors to re-think their sales strategies. EnterpriseStorageForum.com notes: "Legal used to have a stranglehold on budgets and purchasing decisions. But as eDiscovery products around search and collections grew in importance, they increasingly impacted IT. The size of data collections grew, and the cost of culling the results for review was and is prohibitive. Attorneys look to their eDiscovery vendors and to IT for help in collecting more relevant data faster." As of now, the IT staff are not necessarily making the purchase decision. But as the legal staff looks to the IT staff for critical systems, the input from the IT side is critical. Vendors have to take all that into account as they plan their pitches. At many places, IT will consider eDiscovery its natural domain, as it essentially boils down to yet another example of data retention, intelligent storage and retrieval. Hosted solutions have come to the fore of course. But even that will likely entail a discussion between the IT and legal teams. The good news is that e-Discovery vendors tend to be very comfortable in the realm of IT-speak. This trend is good one for most firms. For more: - here's the article Related articles: Bloomberg to enter e-discovery market   E-discovery looms as a growth market   E-discovery spending slows a bit Read more about: compliance, lawyers, Data Retention, ediscovery back to top Also Noted Confidently Maximize Virtual Investments with IBM Integrated Service Management This white paper details IBM Integrated Service Management offerings for VMware andother virtual environments, focusing on key capabilities for dis-covery, monitoring, capacity planning, provisioning, storage,security and financial management. > Good corporate governance good for stocks? Article > CFTC makes case for Dodd Frank. Article > OSHA strengthens whistleblower rules. Article > Managing the risks of gamification. Article > U.S. to fund cyber security proposals. Article > Microsoft offers prize money for anti-hacking ideas. Article > DARPA and the global hacking problem. Article > Entrants line up for XBRL competition. Article And Finally... iPad credit card reader hacked. Article Events * Post listing: Click here. * General ad info: Click here. > Health Market Science Compliance Webinar: CMS 6028 and You - August 9 Join Mike Sharp, former pharmacy director, Indiana Office of Medicaid Policy and Planning, and HMS experts as they outline cost-effective prescriber enrollment options, easy access to current prescriber data and best practices for data integration & operational excellence. Learn more and register here. Marketplace * Post listing: Click here. * General ad info: Click here. > Whitepaper: IT GRC Turning Operational Risks into Returns Recent financial upheavals have resulted in a wave of increased regulations. As a result, companies across the spectrum must implement an effective IT governance, risk and compliance (GRC) framework. Download this white paper to learn how to turn IT GRC processese into strategic assets. > Whitepaper: Top Six Essentials to Your Risk Management Strategy Expanding regulatory environment and greater business complexities have transformed the way organizations are viewing information security. Download our Whitepaper, to learn how a risk-based, business-aligned and integrated IT Risk Management approach can lead to enhanced security, improved productivity and increased savings. ©2011 FierceMarkets This email was sent to nbrauchitsch@yahoo.com as part of the FierceComplianceIT email list which is administered by FierceMarkets, 1900 L Street NW, Suite 400, Washington, DC 20036, (202) 628-8778. Refer FierceComplianceIT to a Colleague Contact Us Editor: Jim Kim. VP sales and business development: Ryan Willumson. Publisher: Maurice Bakley. Advertise General advertising: Ryan Willumson. Request a media kit. 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