Jan. 27 Webcast Materials
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You are browsing the archive for January 2009.
Sen. Schumer: Move SEC’s OCIE to New York
As I noted here in my running account of the Senate Banking Committee hearing in the Madoff case, Sen. Chuck Schumer made a brief comment yesterday about physically moving the staff of the SEC’s Office of Compliance, Inspections and Examinations from Washington, DC to New York that is worth keeping an eye on. As further [...]
FCPA Enforcement: Top Ten Trends for 2009
Via the wrageblog we came across the following quite interesting post entitled “FCPA Enforcement: Top Ten Trends for 2009.” The list comes from the DOJ’s Mark Mendelsohn at an anti-corruption conference in Frankfurt yesterday that included speakers from the DOJ, SEC, and prosecutors from Germany, the United Kingdom, Jersey and Switzerland. The Top Ten Trends [...]
Santander Offers to Repay Madoff Victims in its Optimal Strategic US Equity Fund
Yesterday, Spain’s Banco Santander became the first institution to offer to repay victims in the alleged Madoff fraud, as it attempted to avoid lawsuits. FT reports that Santander offered to “pay back 100 per cent of the investments made in the Optimal Strategic US Equity fund, which was wholly invested with Mr Madoff, to individual [...]
Today’s Webcast, 2 pm EST: FCPA Enforcement — The Paradigm Shift of 2008
Today at 2:00 pm EST, KPMG Forensic is sponsoring a webcast that will shed light on the game-changing developments in 2008 in the enforcement of the Foreign Corrupt Practices Act. Please sign up via the link on this post.
Securities Docket News Wire for Jan. 27, 2009
Notes from Today’s Senate Banking Committee Madoff Hearing. http://is.gd/hqrs # Watch the Senate Banking Committee Hearing on “Madoff Investment Securities Fraud.” http://is.gd/hoNi # SEC uses “virtually all our resources to pursue fires.” Need more resources to “pursue smoke before it becomes a fire.” http://is.gd/hnRI #
Reps. Slaughter and Baird Again Sponsor “Stop Trading on Congressional Knowledge Act”
We’ve seen this movie before, but two members of Congress, Louise M. Slaughter (pictured) and Brian Baird, are once again sponsoring the “Stop Trading on Congressional Knowledge Act” that would prohibit Congress and their staffers from using nonpublic information obtained through their official positions to benefit themselves financially. This is the third year in a [...]
Claudius Sokenu Joins Arnold & Porter in its New York and DC offices
Claudius Sokenu has joined Arnold & Porter as a partner in the firm’s New York and Washington, DC offices. Arnold & Porter announced yesterday that Sokenu has joined its securities enforcement and litigation and white collar criminal defense practices. Sokenu joins Arnold & Porter from Mayer Brown. Sokenu was previously with the SEC’s Division of [...]
Mary Schapiro Sworn In as SEC Chairman
The SEC announced today that Mary L. Schapiro was sworn in this morning as the 29th Chairman of the SEC. The oath of office was administered by SEC Commissioner Elisse B. Walter at SEC headquarters. “Seventy-five years after this great agency was founded, the SEC must play a critical role in rebuilding investor confidence, reviving [...]
Halliburton Agrees to Pay $559 Million to Settle FCPA Charges; Settlement Awaits Final Government Approval
Halliburton Co. has agreed to pay a $559 million fine to end an investigation of its former KBR Inc. unit for charges of bribery. Reuters reports that the the DOJ and the SEC must still provide final approval of the settlement, the largest penalty against a U.S. company for charges of bribery under federal law. [...]
Testimony of SEC’s Linda Thomsen Before Senate Banking Committee (Madoff Matter)
TESTIMONY OF LINDA CHATMAN THOMSEN DIRECTOR, DIVISION OF ENFORCEMENT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Before the United States Senate Committee on Banking, Housing and Urban Affairs Concerning Investigations and Examinations by the Securities and Exchange Commission and Issues Raised by the Bernard L. Madoff Investment Securities Matter Tuesday, January 27, 2009 Good morning Chairman [...]