‘Enforcement 40’ for 2020
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By Securities Docket on July 7, 2009, 3:05 pm
The House Financial Services Committee announced today that on Monday, July 13, 2009, the Subcommittee on Oversight and Investigations will conduct a hearing on “Preventing Unfair Trading by Government Officials.” The witness list has yet to be determined. The hearing will focus on the issue of insider trading by Congress, which is now the subject […]
By Securities Docket on July 7, 2009, 1:59 pm
FOX Business News reports on the motion by Allen Stanford’s attorney, Dick DeGuerin, seeking the release of some of Stanford’s funds to pay legal fees.
By Securities Docket on July 7, 2009, 11:26 am
The SEC is going forward with its plan to eliminate the branch chief position in the Division of Enforcement. Bloomberg reports that Enforcement Director Robert Khuzami has disclosed the plan to senior officials in the Division, who are now explaining it to the staff. The branch chief position is the lowest level of management in […]
By Securities Docket on July 7, 2009, 10:48 am
In a development reminiscent of the Hewlett Packard spying scandal from 2006, the German press is reporting that Deutsche Bank spied on certain of its board members and a “troublesome shareholder,” as well. According to Spiegel Online, an investigation commissioned by Deutsche Bank that resulted in a 150-page report by law firm Cleary Gottlieb Steen & Hamilton “has revealed that the bank spied on several of its management board members, supervisory board members and on at least one shareholder.”
By Securities Docket on July 7, 2009, 8:42 am
Hong Kong’s Securities and Futures Commission obtained its latest criminal conviction for insider trading Tuesday when an ex-banker at CLSA Equity Capital Markets Ltd. and a former hedge fund manager both pleaded guilty to charges of insider dealing. The WSJ reports that the two remain in custody and await sentencing on July 13. The case […]
By Securities Docket on July 7, 2009, 6:55 am
Europe’s IPO Proceeds Drop 95% in Q2; European Authorities Join in Madoff-Related Probes; UK: Individuals face minimum fine of £100,000 for insider trading as FSA cracks down; Taiwan: Wistron and ex-E-Ten executives charged with insider trading; Egypt: New Securities Authority Seeks to Jump Start Regulation, Enforcement (as Soon as It Gets a Budget); Canada: Sentencing Hearing Begins for Livent Co-Founders; Plaintiffs File Class Action Against UK’s Willis Group Alleging Role in Stanford Fraud; and more.