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Join the Securities Litigation and Enforcement Group on LinkedInSecurities Docket News Wire for Feb. 4, 2009
SEC’s Schapiro Sends Follow-Up Letter to Congress After House Hearing. http://is.gd/ircx # Fox News Video: Securities Docket Editor Bruce Carton Discusses Today’s Madoff Hearing. http://is.gd/ipCT # Australia: Queensland Gas Exec Pleads Guilty to Insider Trading. http://is.gd/il8Y # Report: SEC’s Schapiro Talking to Candidates for Director of Enforcement Position. http://is.gd/il3E # Markopolis to Testify Before House […]
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UK: Falklands Speaker of the Legislative Council Fined for Insider Trading
Lewis Clifton, a top Falkland Islands politician, and his shipping firm were today fined nearly £150,000 for insider trading by the UK’s Financial Services Authority. The Evening Standard reports that Clifton was fined £59,500 for dealing in the shares of AIM-listed oil explorer Desire Petroleum, where he was a non-executive director and founder. Falklands shipping […]
AUSA David Siegal Joins Haynes and Boone in New York
Assistant United States Attorney David Siegal has joined law firm Haynes and Boone as a partner in the firm’s New York office. The firm announced today that Siegel has joined its White Collar Criminal Defense Practice Group, where his practice will focus on white collar defense and securities fraud litigation. Siegal has served for the […]
Fox News Video: Securities Docket Editor Bruce Carton Discusses Today’s Madoff Hearing
Securities Docket editor Bruce Carton appeared on Fox News today to discuss the explosive House Financial Services Committee hearing featuring Harry Markopolos. The full video is available in this post.
Madoff Hearing Live on Web; SEC Testimony Available Here
Today’s House Financial Services Committee hearing (”Assessing the Madoff Ponzi Scheme and Regulatory Failures“) is underway. The hearing can be viewed live on the web and the SEC’s joint testimony is available here, as well.
WSJ Video: Lehman Bros. an Unlikely Island of Job Security on Wall Street
In an odd stroke of irony, the WSJ reports that perhaps the most secure job on Wall Street right now is at Lehman Brothers, where hundreds of people will be needed for several years to unwind the company.
Australia: Queensland Gas Exec Pleads Guilty to Insider Trading
In Australia, Mukesh Panchal, the former company secretary at Queensland Gas Company Ltd, has pleaded guilty to insider trading. The Business Spectator reports that Panchal bought shares in QGC while in possession of inside information about an alliance with British giant, BG Group plc. The Australian Securities and Investment Commission alleges that Panchal allegedly bought […]
Report: SEC’s Schapiro Talking to Candidates for Director of Enforcement Position
SEC Chairman Mary Schapiro is expected to take several steps very quickly with respect to the SEC’s Division of Enforcement. The Washington Post reports that Schapiro has already begun talking to potential candidates to take over the position of Director of Enforcement. Although current Director Linda Thomsen is viewed positively, the article states that “associates […]
Markopolos to Testify Before House Committee Wednesday; Copy of Testimony Available Here
As previously discussed here, five top SEC officials, including Director of Enforcement Linda Thomsen and Director of the Office of Compliance, Inspections and Examinations Lori Richards are slated to testify at the Wednesday, Feb. 4 House Financial Services Committee hearing (”Assessing the Madoff Ponzi Scheme and Regulatory Failures“). Joining them will be Harry Markopolos, an […]