Daily Archives: March 11, 2009, 11:59 pm

Securities Docket News Wire for March 11, 2009

Archived Version and Materials Now Available For Today’s Subprime Litigation Webcast (Mar. 11). http://is.gd/mVLc # SEC Chairman Mary Schapiro testifying now before House subcommittee. Watch it live on C-Span. http://is.gd/30ic # Transcript: March 11, 2009 Prepared Testimony of SEC Chairman Mary Schapiro Before House Financial Services Subcommittee. http://is.gd/mSrj # Today’s Webcast, 2 pm Eastern — The Subprime Boomerang: After the…

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Enforcement Action, Oncology Edition (cont.)

Back in September 2008, two cases in a span of two days prompted me to ask (in “Enforcement Action, Oncology Edition“) “which is worse — inducing shareholders to purchase $6.5 million of your company’s stock by falsely depicting the company as being on the verge of success curing cancer?  Or defrauding a federal judge by falsely depicting yourself as having…

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Transcript: March 11, 2009 Prepared Testimony of SEC Chairman Mary Schapiro Before House Financial Services Subcommittee

Testimony Before the Subcommittee on Financial Services and General Government Committee on Appropriations U.S House of Representatives March 11, 2009 Mary Schapiro Chairman U.S. Securities and Exchange Commission Chairman Serrano, Ranking Member Emerson, Members of the Subcommittee:  Thank you for the opportunity to testify today on behalf of the Securities and Exchange Commission. I am pleased to have the opportunity…

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Today’s Webcast — The Subprime Boomerang: After the Writedowns Comes the Litigation

Navigant Consulting is sponsoring a webcast today entitled “The Subprime Boomerang: After the Writedowns Comes the Litigation” that will examine the landslide of subprime litigation that is now upon us. It’s been two years since concerns over subprime mortgages threw off the early sparks that eventually grew into the current global credit crisis. The crisis has given rise to unprecedented…

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Closing the Congressional Insider Trading Loophole

It’s hard to come up with any compelling reason why trading based on Congressional knowledge should remain legal, and quite easy to build the case against it. Still, despite a situation that cries out for legislation to end this loophole, recent efforts to pass a bill that would do just that have gone nowhere. It is time to change that.

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Madoff to Plead Guilty Tomorrow; Copy of Criminal Information Available Here

Bernard Madoff plans to plead guilty tomorrow to 11 criminal charges.  His lawyer, Ira Sorkin, revealed this information at a hearing Tuesday before U.S. District Judge Denny Chin.  He faces 150 years in prison on the charges. The charges against Madoff, filed in a criminal information yesterday (click here to read the document), include securities fraud, investment adviser fraud, mail…

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