‘Enforcement 40’ for 2020
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By Securities Docket on January 14, 2009, 11:59 pm
SEC Commissioner Aguilar’s Prescription for an Ailing Enforcement Division. http://is.gd/fUFs # Free Securities Docket webcast on Madoff litigation today at 2 PM EST. Please sign up here: http://is.gd/ehxC # SEC Settles Insider Trading Case Against Former GC of Amkor Technology. http://is.gd/fQI2 # Report: SEC Sues Blackstone Managing Director for Insider Trading Scheme. http://is.gd/fQHr # Canada: […]
By Securities Docket on January 14, 2009, 5:28 pm
On January 10, 2009, SEC Commissioner Luis A. Aguilar delivered an interesting speech entitled, “Empowering the Markets Watchdog to Effect Real Results” in which he presented some specific “internal shifts in policy” that he would like to see made immediately to boost the SEC’s ailing Enforcement Division.
By Securities Docket on January 14, 2009, 1:30 pm
Dr. Fred Dunbar of NERA Economic Consulting’s PowerPoint presentation for today’s webcast about the Madoff litigation is available in PDF form here.
By Securities Docket on January 14, 2009, 10:00 am
Today’s webcast on the “Madoff Litigation: Can the Lost Billions be Recovered? How?” is just a few hours away. If you have a burning question you’d love to get answered, please send it to us now as there will surely be a crush of questions submitted during the webcast itself. Please submit your questions for […]
By Securities Docket on January 14, 2009, 7:12 am
The prosecution’s appeal of a court ruling allowing Bernard L. Madoff to remain free on bail will be heard today. Reuters reports that Judge Lawrence McKenna in the SDNY is scheduled to hear the government’s argument at 2:30 p.m. Madoff’s lawyer Ira Sorkin said Madoff would appear in court for the hearing. “The government will […]
By Securities Docket on January 14, 2009, 7:06 am
Steven Schulman and Howard J. Vogel, two defendants convicted in the criminal kickback case involving law firm Milberg Weiss, are scheduled to report to federal prison this week. Schulman was a former partner in the firm, and Vogel was a former lead plaintiff in the firm’s securities class action cases. The NLJ reports that Schulman, […]
By Securities Docket on January 14, 2009, 6:58 am
Investment News reports that the U.S. Senate has “failed to take up” a House-passed bill that would have expanded the SEC’s enforcement authority, and that the bill has “died.” Key provisions of HR 6513 (previously discussed in detail here), included: authorizing the SEC to assess and impose civil penalties in a cease and desist proceeding; creating […]
By Securities Docket on January 14, 2009, 6:50 am
The Ontario Securities Commission has charged Rajeev Thakur, a former employee of Celestica Inc., of improperly accessing and profiting from the e-mails of senior management by buying and selling shares based on information in the emails. The Province reports that at the time Thakur is alleged to have made the trades, between 2003 and 2005, […]
By Securities Docket on January 14, 2009, 6:38 am
The SEC reportedly filed an insider trading case on Tuesday against Ramesh Chakrapani, a managing director at private equity firm Blackstone Group, for an alleged scheme involving shares of supermarket chain Albertsons. Reuters and Dow Jones report that the complaint alleges that Chakrapani supplied a friend with material nonpublic information about Albertsons’ acquisition before the […]
By Securities Docket on January 14, 2009, 6:29 am
The hits keep coming for Reserve Management Co., the mutual fund that “broke the buck” back in September 2008. On Tuesday, Massachusetts’ top securities regulator accused Reserve executives in an administrative complaint of misrepresenting the fund’s safety in an ultimately futile bid to prevent investors from pulling out cash. The company has already been the […]