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Madoff Feeder Fees Took in Over $790 Million in Fees. http://tinyurl.com/cmdxgq=testMod #sdx # SEC Voluntarily Dismisses All Claims Against Former General Counsel of McAfee Inc. http://is.gd/rPQz #sdx # SEC’s tough new cop seen helping agency’s image. http://is.gd/rPLI #sdx # Web Watch: Best Blog Posts and Columns For the Week Ending April 10. http://is.gd/rPEg #sdx # […]
Here is the weekly summary for Securities Docket’s Web Watch (”This Week’s Best Blog Posts and Columns”): PHILIP S. KHINDA, JEFFREY E. MCFADDEN AND MICHAEL C. MILLER, NYLJ (April 10, 2009): The Nuances of Securities Reform The required change does not need to come at the end of a sledge hammer. Effective securities reform can […]
In a sharp detour from the era of Chairman Christopher Cox, the SEC under new Chairman Mary Shapiro’s leadership has obtained big budget increases that will be used to increase the number of enforcement lawyers. It has also empowered its staff by streamlining procedures relating to the issuance of formal orders of investigation and negotiating […]
We’re really not sure what to even say about this bizarre story out of Istanbul, Turkey other than this: If you and three others are going to conspire to manipulate stock prices, the four of you should NOT sign a written “manipulation protocol” among yourselves stating that a stock manipulated by one member cannot be […]
As previously discussed here, a key development that has spurred the recent rise of securities class actions in Australia is the High Court’s 2007 decision in Sons of Gwalia v Margaretic. In that case, the court overturned the convention that shareholders rank behind creditors in an insolvency, and ruled that “a shareholder in a failed […]
Remember the “Restacking Project,” the poorly-timed, $4 million reshuffling of offices for nearly all of the 2,000-plus employees at the SEC’s 3-year-old DC headquarters that has now been going on for many months? As previously discussed here, the Restacking Project already has its own newsletter (the “Restacker”), hotline number, help desk in Room 3465, and an e-mail address to handle computer or communications problems.
Now the Restacking Project has its own, critical 56-page Inspector General report, as well.