Subscribe

Join Us On LinkedIn

Report: Obama Selects Mary Schapiro as Next SEC Chairperson. http://is.gd/cfjB # SEC Insp. Gen. H. David Kotz May Try to Break Madoff Investigation into Pieces, Issue Reports on Rolling Basis. http://is.gd/cc5r # Law firm Holland & Knight establishes Madoff Advisory Group. http://is.gd/cbhB # U.S. Attorney General Mukasey recuses himself from Madoff investigation; Mukasey’s own synagogue […]
President-elect Barack Obama has chosen Mary Schapiro, CEO of FINRA, to be the next chairperson of the SEC, the WSJ reports tonight. The announcement is expected Thursday in Chicago. Ms. Schapiro, 53, is a former SEC commissioner (1988-1993), as well as a former chairman of the National Association of Securities Dealers. In addition, she served […]
In his stunning statement last night, SEC Chairman Cox said that he had directed a full and immediate review of the past allegations regarding Mr. Madoff and his firm and the reasons they were not found credible, to be led by the SEC’s Inspector General. The review will also cover the internal policies at the […]
Rep. Paul Kanjorski, chairman of the House Financial Services subcommittee on capital markets, said today that the House is planning to convene an inquiry into the failure of securities regulators to uncover an alleged $50 billion Ponzi scheme by Bernard Madoff after Congress returns on Jan. 6. As discussed here in detail, SEC Chairman Cox […]
You know that you have become notorious when a major law firm names an advisory group after you. Holland & Knight announced today that it has “formed a Madoff Advisory Group to help clients with strategies related to any losses resulting from involvement with entities controlled by Bernard Madoff.” The firm announced that the Madoff […]
Conspicuously absent from the ever-growing list of Madoff victims (so far, knock on wood) have been large, institutional investors such as pension funds and universities. Fortune reports today that this is no accident, as big institutions are typically required to stick to strict rules “rather than allowing their managers to invest on personal connections or […]
Joseph I. Goldstein and Adriaen M. Morse, Jr. have joined LeClairRyan in its DC office. The firm announced today that Goldstein joins it as a Shareholder and Morese joins it as a Partner, and that both will practice in the firm’s Securities Enforcement Defense and Financial Litigation groups. Goldstein (pictured) had a 15-year career at […]
The morning following its stunning announcement that it failed for almost a decade to thoroughly investigate credible, specific allegations that Bernard Madoff was running a fraudulent scheme, the SEC just happens to be holding an Open Meeting at its headquarters in DC. Madoff is not on the pre-arranged Agenda, but as the Agenda itself states, […]