Daily Archives: July 14, 2009, 9:51 pm

Welcome to Our New Sponsor: Daylight Forensic & Advisory

Securities Docket is pleased to welcome a new sponsor: Daylight Forensic & Advisory. Daylight Forensic & Advisory is an international regulatory consulting and investigative firm, specializing in matters relating to anti-money laundering, bribery and corruption, including FCPA, financial investigations and forensic accounting, fraud risk management, investigative due diligence and e-discovery and computer investigations.

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The Fateful February 4 Madoff Hearing

Today’s House Financial Services Committee hearing (“SEC Oversight: Current State and Agenda“) featured prepared testimony by SEC Chairman Mary Schapiro, as well as a lengthy question and answer session. Among the most interesting parts was a statement by Rep. Gary Ackerman of New York, who complimented Mary Schapiro for her accountability. He said words to the effect that “after the…

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Cliff Stricklin and Michael MacPhail Join Holme Roberts & Owen in Denver

Cliff Stricklin and Michael MacPhail have joined law firm Holme Roberts & Owen LLP as partners in its Denver office. The firm announced last week that Stricklin and MacPhail have joined the firm’s White Collar and Securities Litigation practice. Both attorneys were previously with Holland & Hart. Stricklin, who will chair the White Collar and Securities Litigation practice, was previously…

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SEC’s Michael Scott Joins Miller Buckfire

Michael Scott, an adviser to former SEC chairman Christopher Cox and then Mary Schapiro, has joined boutique investment bank Miller Buckfire. DealBook reports that Scott will start up a new practice for the bank to advise companies on government relations. While at the SEC, Scott worked on the Troubled Asset Relief Program and the conservatorships of Fannie and Freddie. Prior…

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Marc Dreier Sentenced to 20 Years in Prison

In the Southern District of New York yesterday, U.S. District Judge Jed Rakoff sentenced Marc Dreier to 20 years in prison. Reuters reports that in handing down his sentence, Judge Rakoff stated that “when you turn to the facts of the crime that Mr. Dreier committed, one must still be appalled.  It is a huge fraud by any standard, other…

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Securities Docket A.M. News Wire for July 14, 2009

UK: Shake-up was only way to save Serious Fraud Office, director says; SEC to create group to check rating agencies; U.S. judge gives lawyer Marc Dreier 20 years in prison; July 21 Webcast – Securities Litigation Issues Facing Institutional Investors; Madoff to Serve 150-Year Sentence at Butner Federal Correctional Complex in N.C.; Stanford Victims Sue Nation of Antigua; Countrywide builds its defense to SEC case; and more.

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