Can’t we just ask the regulator?: Difference between revisions
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Expect a flurry of activity in the NDA space and — inevitably — the lengthening of an already tedious symbolic ritual. | Expect a flurry of activity in the NDA space and — inevitably — the lengthening of an already tedious symbolic ritual. | ||
====What would a compliant NDA look like?==== | |||
Here is where the regulatory reluctance to flesh out your own rules creates work for lawyers without reason. If we take it as read that JPMorgan’s infraction was formal and not substantive — then surely a practical thing for SEC to do would be to issue some agreed-upon wording: say, as long as your NDA, in essence, provides that “nothing in this agreement is intended to prevent any person reporting possible legal violations to any regulatory authority” then you give the remainder of the market clear guidance for which lawyers are not required, and [[JPMorgan]] shall not have suffered in vain. | |||
{{sa}} | {{sa}} | ||