Daily Archives: April 14, 2009, 10:11 pm

April 28 Webcast — Inside the SEC Enforcement Division: Current and Former SEC and DOJ Prosecutors Discuss Important Changes Ahead

On April 28, 2009, KPMG Forensic is sponsoring a webcast entitled “Inside the SEC Enforcement Division: Current and Former SEC and DOJ Prosecutors Discuss Important Changes Ahead” that will feature George Curtis, the Deputy Director of the SEC’s Division of Enforcement. Curtis, Pam Parizek of KPMG Forensic, and David Seide of the law firm Curtis, Mallet-Prevost, Colt & Mosle LLP will lead a discussion on the extraordinary challenges now posed to the financial markets and individual investors, the steps being taken by the SEC’s Division of Enforcement to address them, and the significant impact these changes will have now and in the future.

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Securities Docket News Wire for April 14, 2009

How the New SEC Enforcement Director Can Help Restore Investor Confidence. http://bit.ly/6Rlc #sdx # Report: New York and SEC Investigating Payments by Carlyle Group and Others to Pension Fund Placement Agents. http://bit.ly/ypfx #sdx # Creditors File Bankruptcy Petition Against Madoff. http://bit.ly/19ubJW #sdx # Tenth Circuit Denies Nacchio’s Request to Remain Free on Bail, Orders Him to Report to Prison Today.…

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How the New SEC Enforcement Director Can Help Restore Investor Confidence

Following the avalanche of criticism the SEC has received in the wake of the Bernard Madoff case (some fair, some unjustified), new SEC Enforcement Director Robert Khuzami steps into an extremely challenging and high-profile situation. It will immediately require every bit of his legal, management, and public relations skills. He’s going to need to hit the ground running and perform at the highest level from Day 1.

Perhaps the most significant problem the Enforcement Division now faces, however, is a public relations problem.

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Report: New York and SEC Investigating Payments by Carlyle Group and Others to Pension Fund Placement Agents

New York State prosecutors and the SEC are reportedly investigating whether the Carlyle Group made improper payments in exchange for investments from New York’s state pension fund.  The NY Times reports that the inquiry focuses on the “widespread practice” among hedge funds and private equity firms of paying placement agents to gain business managing the pension funds run by states…

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Tenth Circuit Denies Nacchio’s Request to Remain Free on Bail, Orders Him to Report to Prison Today

The U.S. Court of Appeals for the Tenth Circuit ruled yesterday that Joseph Nacchio, the former CEO of Qwest Communications International Inc., must report to prison today to begin serving a six-year sentence for insider trading.  Bloomberg reports that the Tenth Circuit rejected Nacchio’s request to remain free on bail while seeking a review of his case by the U.S.…

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