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Feb. 17 Webcast: Web 2.0 – Leveraging New Media to Maximize Your Securities & Compliance Practice. http://is.gd/iGbY # Report: SEC’s Schapiro Seeking Prosecutor for Next Enforcement Director. http://is.gd/iBe2 # Madoff client list shows one in five Madoff investors from Florida. http://is.gd/iAY3 #
Web Watch: Best Blog Posts and Columns For the Week Ending Feb. 6
Here is the weekly summary for Securities Docket’s Web Watch (”This Week’s Best Blog Posts and Columns”): HARVARD LAW SCHOOL CORP. GOV. BLOG (Feb. 5, 2009): SEC vs. Mark Cuban Cuban could not have committed insider trading because a confidentiality agreement alone does not create a fiduciary or fiduciary-like duty to act loyally to the […]
SEC: “Stay Tuned” for More Subprime-Related Enforcement Actions
Rosalind Tyson, regional director of the SEC’s Los Angeles office, stated today at PLI’s 2009 SEC Speaks that the SEC expects to file additional subprime-related enforcement actions and has dozens of “very active” investigations underway. “We expect to be filing additional actions in this space, stay tuned,” she said. Reuters reports that Tyson said the […]
Sutherland Study Finds Benefits for Brokers, Firms to Litigate Against SEC and FINRA
A new study by Sutherland Asbill & Brennan analyzing litigated disciplinary proceedings brought by the SEC and FINRA against broker-dealer firms and registered representatives shows that it often pays for defendants to litigate, rather than settle. The authors of the study, Brian L. Rubin and Christian J. Cannon, analyzed cases from October 2007 through September […]
David Becker to Rejoin SEC as General Counsel
The SEC announced today that David M. Becker will return to the agency later this month as its General Counsel and Senior Policy Director. Mr. Becker previously served as SEC General Counsel from January 2000 to May 2002 after joining the SEC staff as Deputy General Counsel in 1998. Becker returns to the SEC from […]
SEC Chairman Schapiro Announces Immediate Measures to Bolster Enforcement
SEC Chairman Mary Schapiro delivered a speech this morning at PLI”s 2009 “SEC Speaks” conference that announced several important new Enforcement Division initiatives, including the end of the SEC’s two-year “penalty pilot” experiment and the implementation of a system permitting more rapid approval of formal orders of investigation. Full details and a copy of the […]
Feb. 17 Webcast: Web 2.0 – Leveraging New Media to Maximize Your Securities & Compliance Practice
On February 17, 2009, Securities Docket is sponsoring a webcast that will look at the numerous ways that securities and compliance counsel and professionals can now use New Media to promote, market, and network themselves, their practices and their firms as never before. Please join Doug Cornelius, Chief Compliance Officer of Beacon Capital Partners, and […]
Prosecutors Charge Investment Banker, Three Others in Insider Trading Case
On Thursday, federal prosecutors in New York charged four people, including a UBS AG investment banker, a former co-worker, a family friend and a former classmate, criminally in an insider trading case that allegedly produced more than $7 million in profits. According to the WSJ, prosecutors announced charges against the following individuals: Nicos Achillea Stephanou […]
William “Boots” Del Biaggio III Pleads Guilty to Securities Fraud
In Silicon Valley, the Ponzi scheme of William “Boots” Del Biaggio III, who pleaded guilty Wednesday to securities fraud, is causing a buzz. The New York Times reports that on Wednesday, Del Biaggio pleaded guilty to securities fraud. He has been charged with falsifying documents to obtain $100 million in fraudulent loans. In December, as […]