‘Enforcement 40’ for 2020
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedIn
You are browsing the site archives by date.
By Securities Docket on January 15, 2009, 11:59 pm
January 28 Webcast: FCPA Enforcement — The Paradigm Shift of 2008. http://is.gd/g34l # FINRA’s Review of Madoff Records Suggests He Made No Trades at All. http://is.gd/g0Qd # Details and Copy of Mark Cuban’s Motion to Dismiss SEC Insider Trading Case. http://is.gd/fZCc # UK: Joint Venture Seeks to Raise Over $300 Million to Fund Corporate and […]
Posted in Uncategorized | Tagged News Wire
By Securities Docket on January 15, 2009, 10:12 pm
The Alberta Securities Commission (ASC) announced yesterday that it had reached a settlement with Rene Laprade, former director of Sahara Energy Ltd. and former director, C.E.O. and president of Mirage Energy Ltd., regarding allegations that he engaged in illegal insider trading of Mirage Energy securities in February 2008. According to the ASC, Laprade agreed to […]
Posted in Global | Tagged Canada, Insider Trading
By Securities Docket on January 15, 2009, 9:55 pm
The U.S. Senate Banking Committee will hold a hearing on January 27 to examine Wall Street financier Bernard Madoff’s alleged $50 billion fraud, a committee aide stated today. The Senate’s planned hearing follows the House Financial Services Committee’s hearing on January 5, previously discussed here. Reuters reports that Senate Banking Committee Chairman Christopher Dodd and […]
Posted in Regulation | Tagged Hearings, Madoff, US Congress | 1 Response
By Securities Docket on January 15, 2009, 5:41 pm
On January 28, 2009, KPMG Forensic is sponsoring a webcast that will shed light on the game-changing developments in 2008 in the enforcement of the Foreign Corrupt Practices Act. 2008 brought FCPA settlements of previously unthinkable amounts (including the historic Siemens settlement), but also important new trends such as: increasingly aggressive enforcement against individuals; ramped […]
Posted in Uncategorized | Tagged FCPA, Features, Webcasts | 1 Response
By Securities Docket on January 15, 2009, 1:42 pm
In this video, CNBC’s Scott Cohn takes an interesting look at Bernard Madoff’s bail hearing yesterday and the reason why a federal judge denied a second bid by prosecutors to revoke Madoff’s bail.
By Securities Docket on January 15, 2009, 12:49 pm
A spokesman for the Financial Industry Regulatory Authority (FINRA) stated today that FINRA’s review of Bernard Madoff’s records show no record of Bernard Madoff’s investment funds placing trades through his brokerage operation. The Boston Globe reports that “that leaves only two options – either he was placing trades only through other firms, which would be […]
Posted in Criminal | Tagged Features, Financial Fraud, Madoff
By Securities Docket on January 15, 2009, 9:54 am
As previously discussed here, Mark Cuban filed a motion to dismiss the SEC’s insider trading case against him yesterday in the U.S. District Court for the Northern District of Texas. A copy of Cuban’s Memorandum of Law in Support of Motion to Dismiss and additional details of his argument are available here.
Posted in SEC | Tagged Cuban, Features, Insider Trading
By Securities Docket on January 15, 2009, 7:24 am
The UK’s Financial Services Authority announced yesterday that it has fined Erik Boyen, a Belgium based private investor, £176,254 for dealing in the shares of Monterrico Metals Plc, an AIM-quoted company, on the basis of inside information. The penalty includes a disgorgement of profit of £127,254 and an additional penalty of £49,000, and follows similar […]
Posted in Global | Tagged Insider Trading, UK
By Securities Docket on January 15, 2009, 7:11 am
In the UK, litigation insurance broker ILF Limited and alternative assets adviser IGS Group announced yesterday a joint venture to raise funds to invest in corporate litigation cases. Reuters reports that the joint venture called Independent Litigation Funding LLP will aim to raise up to eight new funds this year, each of around 20 million […]
Posted in Global | Tagged Features, Funders, UK | 1 Response
By Securities Docket on January 15, 2009, 6:56 am
DOJ, SEC, and Madoff class action attorneys step aside. As discussed in this WSJ video, officials from the Town of Fairfield, Connecticut have announced plans to attempt to arrest Bernard Madoff. The town alleges that Madoff defrauded the town of $42 million worth of pension money that was invested with him.
Posted in Uncategorized | Tagged Madoff, Videos