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You are browsing the archive for February 2009.
Khuzami? No Khuzami?
According to Google News, the name “Khuzami” has not appeared in a single article since February 11. So, first of all, let me break the ice and be the first in 5 days to say “Khuzami!” Second, what is going on with the SEC Enforcement Director position? On February 9, the WSJ reported that Robert [...]
Feb. 17 Webcast: Web 2.0 – Leveraging New Media to Maximize Your Securities & Compliance Practice
Do you use RSS feeds to learn about new content on the Internet and to make your use of the Internet vastly more efficient? Are you or your firm using LinkedIn, Twitter or even Facebook to market and network yourselves? If you are not doing these things you are hardly alone, as the use of [...]
UK: FSA May Bring Unprecedented Series of Criminal Insider Trading Trials in 2009
In the UK, an unprecedented series of criminal prosecutions for insider trading is about to begin with the trial of Timothy Power, former senior executive of Belgo Group, the restaurant operator. The Times Online reports that Power and his co-defendant Euan Carlisle face a maximum of seven years in jail if convicted of taking advantage [...]
Securities Docket News Wire for Feb. 13, 2009
UK: High Court Rejects Legal Challenge by Former Northern Rock Shareholders. http://tinyurl.com/b3rq63 # SEC Reportedly Probing Hedge Funds Trading in Advance of Negative Analyst Report. http://tinyurl.com/bphvyn # Hong Kong: Securities Regulators Scale Back Proposed Trading Blackout Rule. http://tinyurl.com/amaz2e #
New Jersey Senators Recommend Paul J. Fishman as Next U.S. Attorney
New Jersey Senators Frank Lautenberg and Robert Menendez have recommended that Pres. Obama appoint former federal prosecutor Paul J. Fishman (pictured) as the next U.S. Attorney for New Jersey. Fishman is currently in private practice after 14 years as a prosecutor in New Jersey and Washington. Asbury Park Press reports that Fishman worked as a [...]
Web Watch: Best Blog Posts and Columns For the Week Ending Feb. 13
Here is the weekly summary for Securities Docket’s Web Watch (”This Week’s Best Blog Posts and Columns”): HARVARD LAW SCHOOL CORP. GOV. BLOG (Feb. 11, 2009): Is Investor Protection the Top Priority of SEC Enforcement? Academic study suggesting that the SEC favors defendants associated with big (listed) firms compared to smaller firms, and also finding [...]
Cancel Your Plans for Wednesday Night: “American Greed”
Cancel your plans for Wednesday, February 18th (9:00 pm EST), or at least get your TiVo ready to go. That evening, CNBC’s “American Greed” series is airing an episode entitled “A Scam Exposed: Strippers and Insider Trading” about the astonishing SEC insider trading case against Eugene Plotkin (pictured), David Pajcin, and a host of others. Get the details here.
UK: High Court Rejects Legal Challenge by Former Northern Rock Shareholders
In the UK today, former shareholders in Northern Rock failed in their legal challenge to the Government over the bailout of the company. The Times Online reports that the shareholders, which included two hedge funds and about 150,000 individual investors, applied for judicial review after accusing the Government of setting up an unfair and unlawful [...]
Hong Kong: Securities Regulators Scale Back Proposed Trading Blackout Rule
Securities regulators in Hong Kong have scaled back a plan that would have extended the blackout on share trading by company insiders to as long as seven months after more than 200 companies objected. Instead, a new proposal issued Thursday states that company directors and others with sensitive knowledge would be blocked from trading their [...]
SEC Reportedly Probing Hedge Funds Trading in Advance of Negative Analyst Report
Underscoring the newly-heightened scrutiny of hedge funds, the SEC is investigating whether several hedge funds traded improperly after learning of a highly negative analyst report that was coming out on a prominent insurer, the WSJ reports. A civil case brought by the insurer, Fairfax Financial Holdings Ltd., alleges that executives at the hedge funds discussed [...]