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You are browsing the archive for February 2009.
Wednesday is Indictment Deadline in Madoff Prosecution
Federal prosecutors have until Wednesday to indict Bernard Madoff or seek a second extension from the court handling the case. AFP reports that prosecutors in the SDNY would not reveal their plans, saying only that both options remained available. Prosecutors and Madoff already agreed to a 30-day extension in mid-January, and AFP reports that many [...]
Henry DePippo Joins Kirkland & Ellis in New York
Henry J. DePippo has joined law firm Kirkland & Ellis as a partner in its New York office. The firm announced yesterday that DePippo has joined its Litigation Practice Group and that his focus will be on the firm’s white collar criminal defense and securities enforcement practice. DePippo joins Kirkland & Ellis from Nixon Peabody, [...]
Closing Argument for the Defense: The People vs. SEC Division of Enforcement
Ladies and gentlemen of the jury, you have heard the People’s case against the Securities and Exchange Commission’s Division of Enforcement. It now rests in your hands to decide whether this is a guilty party.
In a span of less than one year, the public’s assessment of the Enforcement Division-particularly by certain members of Congress and the media-has gone from highly positive to today’s incendiary charges that the Enforcement Division is incompetent, non-existent, misguided, and somehow responsible for the financial crisis spreading across the globe.
These charges are false, and you should find the Enforcement Division not guilty in this matter.
Russia: PM Putin Orders Crackdown on Insider Trading
Russian Prime Minister Vladimir Putin has ordered a crackdown on insider trading in Russia’s ailing stock markets. The Times Online reports that Putin said yesterday that traders guilty of insider trading would face “real and unavoidable” punishment including prison terms of up to seven years under proposed new legislation that may be completed by May [...]
Robert Brewer, Jr., Randy Grossman, and James Tabb Join Jones Day in San Diego
Robert S. Brewer, Jr., Randy S. Grossman, and James A. Tabb have joined the San Diego office of law firm Jones Day. The firm announced yesterday that Brewer and Grossman have joined the firm as partners and Tabb joins as of counsel. Brewer (pictured) is the former managing partner of the San Diego office of [...]
Bankruptcy Court Identifies Marc Dreier’s Hedge Fund Victims
The bankruptcy court handling the Marc Dreier matter named roughly 20 hedge funds worldwide as the latest identified victims of Dreier’s alleged $400 million investment fraud.
Securities Docket News Wire for Feb. 9, 2009
Securities class action filed against Rigel Pharmaceuticals in the US District Court for the N. District of California. http://is.gd/iWFD # Report: SEC Enforcement Chief Thomsen to Resign Monday. http://is.gd/iVBA # WSJ: Robert Khuzami Has Accepted SEC Enforcement Director Position, Announcement Coming Soon. http://is.gd/iTN3 # Japan: Fund Manager Convicted of Insider Trading, but Prison Sentence Suspended. [...]
Feb. 17 Webcast: Web 2.0 – Leveraging New Media to Maximize Your Securities & Compliance Practice
On February 17, 2009, Securities Docket is sponsoring a webcast that will look at the numerous ways that securities and compliance counsel and professionals can now use New Media to promote, market, and network themselves, their practices and their firms as never before. Please join Doug Cornelius, Chief Compliance Officer of Beacon Capital Partners, and [...]
SEC’s Linda Thomsen to Leave Agency, Return to Private Sector
The SEC announced today that Linda Chatman Thomsen, Director of the Division of Enforcement, will leave the SEC to return to the private sector. Thomsen has served as Director since 2005, when she was appointed by Chairman Donaldson, and has been with the SEC’s Enforcement Division since 1995. SEC Chairman Mary L. Schapiro stated that [...]
I Am the Lorax? So Be It
I don’t know at what point I became the Lorax, speaking for the SEC. I certainly didn’t set out to be the Lorax, and have been critical of the SEC through the years and recently where I thought it was appropriate. But with the recent extreme attacks on the SEC, someone needs to grow the walrus mustache and speak up.