Daily Archives: April 27, 2009, 10:00 pm

Securities Docket News Wire for April 27, 2009

WSJ: “Breaking News: Marc Dreier to Plead Guilty on May 11” http://bit.ly/84ZEU #sdx # SEC’s Schapiro: 150 Active Hedge Fund Investigations Ongoing. http://bit.ly/GGGYH #sdx # The Two Hour and 34 Minute Class Period. http://bit.ly/bp3c8 #sdx # Tomorrow’s Webcast (4/28) — “Inside the SEC Enforcement Division,” With Current & Former SEC and DOJ Prosecutors. http://bit.ly/yn8mq #sdx # Corporate Blogs and ‘Tweets’…

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David Barger and Michael Sklaire Join Greenberg Traurig in Virginia

David Barger and Michael Sklaire have joined law firm Greenberg Traurig in its Tysons Corner, Virginia office. The firm announced that Barger (pictured) and Sklaire have joined  its litigation practice as shareholders, with Barger becoming the new head of the Tysons Corner litigation practice.  Both attorneys were formerly partners with Williams Mullen in Virginia. Barger focuses his practice on commercial…

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UK: FSA Tells “Complacent” Banks to Step Up Measures Against Insider Trading

In the UK today, a representative of the Financial Services Authority told an audience of several hundred compliance officers, law enforcement officers and government officials at the FSA’s annual financial crime conference that institutions involved in takeovers had grown “complacent” with respect to insider trading. The Guardian reports that Ruth Gevers, manager of FSA’s market conduct team, stated that as…

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SEC’s Schapiro: 150 Active Hedge Fund Investigations Ongoing

In a speech today at the Society of American Business Editors and Writers convention in Denver, Colorado, SEC Chairman Mary Schapiro stated that the agency now has approximately 150 active hedge fund investigations and about 50 current probes involving credit default swaps.  Reuters reports that Schapiro added that the SEC also has about two dozen active municipal securities investigations. Footnoted.org…

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Tomorrow’s Webcast (April 28) — Inside the SEC Enforcement Division: Current and Former SEC and DOJ Prosecutors Discuss Important Changes Ahead

Tomorrow, Tuesday, 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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Australia: Former Queensland Gas CFO Sentenced to Two Years in Jail for Insider Trading

In Australia, Judge Warren Howell of the the Brisbane District Court sentenced former Queensland Gas Co. CFO  Mukesh Panchal to two years in jail for insider trading. He is eligible to be released on parole after 14 months. As previously discussed here, Panchal pleaded guilty to four criminal charges of inside trading earlier this month, claiming that he was “not…

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