Daily Archives: June 15, 2009, 11:28 pm

Insider Trading? Not by You, Senator!

Dick Durbin, the Senate’s No. 2 Democrat, reportedly sold more than $115,000 worth of stocks and mutual-fund shares on Sept. 19, 2008 and used much of the money to invest in Warren Buffett’s Berkshire Hathaway Inc.  The twist, according to Bloomberg, is that he did so “the day after then-Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke urged…

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Securities Docket A.M. News Wire for June 15, 2009

Riverstone Holdings will pay $30 million and eliminate the use of placement agents as part of a settlement with NYAG. http://bit.ly/15yK0l # Details Set for Remake of Financial Market Regulations. http://bit.ly/oWT50 # Webcast Today – A New Frontier: Best Practices in Fraud Investigations and Emerging Trends in SEC and DOJ Enforcement. http://bit.ly/VaR1T # Lehman to Pay Barclays $6 Million for…

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Webcast Today (June 15, 2 pm Eastern)– A New Frontier: Best Practices in Fraud Investigations and Emerging Trends in SEC and DOJ Enforcement

Highly-publicized fraud schemes, the change in presidential administration, and the biggest economic downturn in recent history have brought scrutiny on both the SEC and the DOJ and prompted potential changes to both their structures and enforcement priorities. New SEC Chairwoman Mary Shapiro has obtained budget increases and outlined plans to increase the effectiveness of enforcement. At the DOJ, enforcement is…

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