Daily Archives: January 27, 2009, 11:59 pm

Reps. Slaughter and Baird Again Sponsor “Stop Trading on Congressional Knowledge Act”

We’ve seen this movie before, but two members of Congress, Louise M. Slaughter (pictured) and Brian Baird, are once again sponsoring the “Stop Trading on Congressional Knowledge Act” that would prohibit Congress and their staffers from using nonpublic information obtained through their official positions to benefit themselves financially.  This is the third year in a row that the legislation has…

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Mary Schapiro Sworn In as SEC Chairman

The SEC announced today that Mary L. Schapiro was sworn in this morning as the 29th Chairman of the SEC. The oath of office was administered by SEC Commissioner Elisse B. Walter at SEC headquarters. “Seventy-five years after this great agency was founded, the SEC must play a critical role in rebuilding investor confidence, reviving our markets, and rejuvenating our…

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Halliburton Agrees to Pay $559 Million to Settle FCPA Charges; Settlement Awaits Final Government Approval

Halliburton Co. has agreed to pay a $559 million fine to end an investigation of its former KBR Inc. unit for charges of bribery.  Reuters reports that the the DOJ and the SEC must still provide final approval of the settlement, the largest penalty against a U.S. company for charges of bribery under federal law.  The goverment claims that KBR…

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Testimony of SEC’s Linda Thomsen Before Senate Banking Committee (Madoff Matter)

TESTIMONY OF LINDA CHATMAN THOMSEN DIRECTOR, DIVISION OF ENFORCEMENT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Before the United States Senate Committee on Banking, Housing and Urban Affairs Concerning Investigations and Examinations by the Securities and Exchange Commission and Issues Raised by the Bernard L. Madoff Investment Securities Matter Tuesday, January 27, 2009 Good morning Chairman Dodd, Ranking Member Shelby, and…

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