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Notes from Today’s Senate Banking Committee Madoff Hearing. http://is.gd/hqrs # Watch the Senate Banking Committee Hearing on “Madoff Investment Securities Fraud.” http://is.gd/hoNi # SEC uses “virtually all our resources to pursue fires.” Need more resources to “pursue smoke before it becomes a fire.” http://is.gd/hnRI #
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 […]
Claudius Sokenu has joined Arnold & Porter as a partner in the firm’s New York and Washington, DC offices. Arnold & Porter announced yesterday that Sokenu has joined its securities enforcement and litigation and white collar criminal defense practices. Sokenu joins Arnold & Porter from Mayer Brown. Sokenu was previously with the SEC’s Division of […]
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 […]
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. […]
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 […]
The Senate Banking Committee’s hearing on the “Madoff Investment Securities Fraud: Regulatory and Oversight Concerns and the Need for Reform” is underway and can be viewed live at the link in this post.