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You are browsing the archive for April 2009.
Securities Docket News Wire for April 27, 2009
WSJ: “Breaking News: Marc Dreier to Plead Guilty on May 11″ http://bit.ly/84ZEU #sdx # SEC’s Schapiro: 150 Active Hedge Fund Investigations Ongoing. http://bit.ly/GGGYH #sdx # The Two Hour and 34 Minute Class Period. http://bit.ly/bp3c8 #sdx # Tomorrow’s Webcast (4/28) — “Inside the SEC Enforcement Division,” With Current & Former SEC and DOJ Prosecutors. http://bit.ly/yn8mq #sdx [...]
David Barger and Michael Sklaire Join Greenberg Traurig in Virginia
David Barger and Michael Sklaire have joined law firm Greenberg Traurig in its Tysons Corner, Virginia office. The firm announced that Barger (pictured) and Sklaire have joined its litigation practice as shareholders, with Barger becoming the new head of the Tysons Corner litigation practice. Both attorneys were formerly partners with Williams Mullen in Virginia. Barger [...]
UK: FSA Tells “Complacent” Banks to Step Up Measures Against Insider Trading
In the UK today, a representative of the Financial Services Authority told an audience of several hundred compliance officers, law enforcement officers and government officials at the FSA’s annual financial crime conference that institutions involved in takeovers had grown “complacent” with respect to insider trading. The Guardian reports that Ruth Gevers, manager of FSA’s market [...]
SEC’s Schapiro: 150 Active Hedge Fund Investigations Ongoing
In a speech today at the Society of American Business Editors and Writers convention in Denver, Colorado, SEC Chairman Mary Schapiro stated that the agency now has approximately 150 active hedge fund investigations and about 50 current probes involving credit default swaps. Reuters reports that Schapiro added that the SEC also has about two dozen [...]
The Two Hour and 34 Minute Class Period
What were you doing on Friday, November 30, 2007, from 9:00 am until 11:34 am? Commuting into work? Taking in a matinee? Stuck in a meeting? If the answer to what you were doing during this two hours and 34 minute period of time is not “selling Vedior stock” then it looks like you missed [...]
Tomorrow’s Webcast (April 28) — Inside the SEC Enforcement Division: Current and Former SEC and DOJ Prosecutors Discuss Important Changes Ahead
Tomorrow, Tuesday, April 28, 2009, KPMG Forensic is sponsoring a webcast entitled “Inside the SEC Enforcement Division: Current and Former SEC and DOJ Prosecutors Discuss Important Changes Ahead” that will feature George Curtis, the Deputy Director of the SEC’s Division of Enforcement. Curtis, Pam Parizek of KPMG Forensic, and David Seide of the law firm Curtis, Mallet-Prevost, Colt & Mosle LLP will lead a discussion on the extraordinary challenges now posed to the financial markets and individual investors, the steps being taken by the SEC’s Division of Enforcement to address them, and the significant impact these changes will have now and in the future.
Australia: Former Queensland Gas CFO Sentenced to Two Years in Jail for Insider Trading
In Australia, Judge Warren Howell of the the Brisbane District Court sentenced former Queensland Gas Co. CFO Mukesh Panchal to two years in jail for insider trading. He is eligible to be released on parole after 14 months. As previously discussed here, Panchal pleaded guilty to four criminal charges of inside trading earlier this month, [...]
Securities Docket News Wire for April 25, 2009
No Holds Barred as BofA Lead Counsel Plot Thickens. http://bit.ly/86zEm #sdx # SEC Letters Outline “Informal Inquiry” into California Pension Deals. http://bit.ly/RiEvA #sdx # Texas securities regulators can’t seem to keep pace with tips and complaints about investment fraud. http://bit.ly/Y8PR2 #sdx # Pennsylvania business lobbyist cleared in SEC insider-trading case. http://bit.ly/sQmT3 #sdx # Lawyers Line [...]
Securities Docket News Wire for April 24, 2009
Web Watch: Best Blog Posts and Columns For the Week Ending April 24. http://bit.ly/L7vua #sdx # Madoff CFO trying to negotiate plea deal in which he would divulge his knowledge of Madoff’s scheme. http://bit.ly/7fji7 #sdx # Investors with Bernard Madoff who had a net loss due to his fraud won’t be asked to return funds. [...]
Web Watch: Best Blog Posts and Columns For the Week Ending April 24
Here is the weekly summary for Securities Docket’s Web Watch (”This Week’s Best Blog Posts and Columns”): COMPLIANCE BUILDING (April 24, 2009): Failure to Conduct Diligence Can Lead to SEC Sanctions If you advertise that you have due diligence process, you had better follow that process. The SEC brought an administrative proceeding against an investment [...]