‘Enforcement 40’ for 2020
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Madoff Case Alliance to Propose International Financial Court. http://is.gd/mzYB # Incoming SEC Enforcement Director Robert Khuzami Starting March 30; Former Director Linda Thomsen Left Feb. 27. http://is.gd/mya8 #
David DeMuro Joins O’Melveny & Myers in New York
David A. DeMuro has joined law firm O’Melveny & Myers as senior counsel in its New York office. The firm announced on Thursday that DeMuro has joined its Securities Enforcement and Regulatory Counseling (SERC) Practice. DeMuro is the former Global Head of Compliance and Regulation for Lehman Brothers. DeMuro’s practice will focus on advising and […]
Incoming SEC Enforcement Director Robert Khuzami Starting March 30; Former Director Linda Thomsen Left Feb. 27
Incoming SEC Director of Enforcement Robert Khuzami will begin his employment with the SEC on March 30, 2009, SEC spokesman John Nester told Securities Docket today. Nester also stated that February 27 was the last day at the SEC for Linda Thomsen, the former Director of Enforcement who announced on February 9, 2009, that she […]
Forrester Research Announces Termination of SEC Investigation into its Stock Options Practices
Forrester Research Inc. disclosed today in a Form 8-K that “by letter dated March 5, 2009, the Staff of the Securities and Exchange Commission stated that it has completed its investigation into the Company’s historical stock option granting practices and that it does not intend to recommend any enforcement action by the Commission against the […]
FINRA Introduces the “Office of the Whistleblower”
The Financial Industry Regulatory Authority (FINRA) announced on Thursday that it has established a new “Office of the Whistleblower” to expedite the review of high-risk tips by FINRA senior staff and ensure a rapid response for tips believed to have merit. The new office will be overseen by FINRA Senior Vice President Cameron Funkhouser. Stephen […]
Court Grants Motions for Summary Judgment of Three Enron Defendants
On Thursday, U.S. District Judge Melinda Harmon dismissed Enron investors’ claims against Credit Suisse Group AG, Barclays Plc and Merrill Lynch for their alleged roles related to the fraud at Enron. The court granted the three defendants’ motions for summary judgment. Reuters reports that the judge’s ruling does not affect more than $7 billion in […]
WSJ: Madoff Assistants Asked to Research Stock Prices, Create Bogus Trade Tickets
Proffer agreements of two Bernard Madoff assistants who were interviewed by the U.S. attorney’s office for the Southern District of New York reportedly state that another Madoff aide instructed the two assistants to generate bogus trading tickets for Madoff’s investing clients. The WSJ reports that Annette Bongiorno, a four-decade veteran of the Madoff firm, asked […]
UK: Latest in Series of Insider Trading Trials to Begin Today in Southwark
In the UK, the latest in an extraordinary string of insider trading trials will begin today. The Press Association reports that Christopher McQuoid, a solicitor, and James Melbourne, his 74-year-old pensioner father-in-law, will stand trial on Monday for allegedly buying shares in wireless technology firm TTP Communications shortly before its 2006 takeover by US mobile […]