‘Enforcement 40’ for 2020
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By Securities Docket on January 22, 2009, 11:59 pm
Mary Schapiro Unanimously Confirmed by Senate as New Chairwoman of SEC. http://is.gd/gUpC # Sens. Schumer and Shelby Propose $110 Million to Beef Up FBI, SEC and DOJ Enforcement. http://is.gd/gR1w # Soc. Gen. trader Jerome Kerviel says he lost his sense of reality while gambling with millions as if it was a video game. http://is.gd/gQcX # […]
By Securities Docket on January 22, 2009, 9:45 pm
Mary Schapiro was unanimously confirmed by the Senate as the new chairwoman of the SEC on Thursday. Dow Jones Newswires reports that the vote came one week after Schapiro vowed in her confirmation hearing to “reinvigorate” the agency’s enforcement division. Schapiro, who currently heads the Financial Industry Regulatory Authority (FINRA), previously worked as a commissioner […]
By Securities Docket on January 22, 2009, 9:38 pm
Fredrick S. Levin has joined law firm Dykema as a member in its Los Angeles office. The firm announced last week that Levin, who was formerly a partner at Mayer Brown, has joined its Litigation Department. Levin focuses his practice on representing local, national and multinational corporations in complex commercial litigation. He defends financial institutions […]
By Securities Docket on January 22, 2009, 6:08 pm
CNBC reports in this short video on new monitoring equipment being installed in the Upper East Side Manhattan penthouse of Bernard Madoff in compliance with a court order. The court required the installation of certain surveillance equipment, which is being paid for by Madoff’s wife.
By Securities Docket on January 22, 2009, 1:29 pm
Thank you to Knowledge Mosaic, which today made Securities Docket its first-ever “KM Pick” for “interesting or noteworthy items in print, onscreen, or online.” In its new Wired Mosaic newsletter, Knowledge Mosaic writes that: Securities litigation attorney and blogger Bruce Carton has built a terrific new website called Securities Docket. Bruce does a great job […]
By Securities Docket on January 22, 2009, 12:59 pm
Senators Charles E. Schumer (pictured) and Richard Shelby introduced new spending legislation today designed to beef up the enforcement and detection of white-collar crime following the alleged $50 billion Bernard Madoff fraud. The senators propose to add $110 million to the budgets of the DOJ, the SEC and the FBI for the specific purpose of […]
By Securities Docket on January 22, 2009, 10:33 am
Still feverishly hitting “refresh” on the SEC press release page waiting for the formal announcement of Chairman Cox’s resignation? It is time to give it up, as we have confirmed with an SEC official with knowledge of this subject that there has not been and will not be any press release or announcement concerning Cox’s departure. Get the full details and explanation here.
By Securities Docket on January 22, 2009, 6:29 am
Shareholders of Bank of America filed a securities class action against the bank yesterday alleging that it failed to disclose about $15.3 billion in losses sustained by Merrill Lynch & Co. before the shareholder vote on its acquisition. Bloomberg reports that the Dec. 5 vote on whether to buy the bank “was based on an […]
By Securities Docket on January 22, 2009, 6:07 am
The Ontario Securities Commission is seeking a penalty as high as $100 million from the top two executives of Research In Motion Ltd. in connection with their roles in a stock option accounting controversy. The Globe and Mail reports that the OSC is in “advanced discussions” with lawyers for RIM’s co-chief executive officers, Jim Balsillie […]
By Securities Docket on January 22, 2009, 5:35 am
Benito Romano, Aaron Marcu and Adam Siegel are joining UK law firm Freshfields Bruckhaus Deringer and will launch a U.S. litigation practice for the firm in New York, according to the Times Online. Romano, Marcu and Siegel are all former federal prosecutors. Romano (pictured) was formerly the US Attorney for the SDNY and will join […]