Daily Archives: July 21, 2009, 5:48 pm

Hot Tips, Twitter and Insider Trading, Part 2

A few weeks ago I came up with a few Twitter-related insider trading hypotheticals here, and foolishly added that I would weigh in later with my own take.   I later realized that the questions were, well, really hard.  I take a shot at answering these way-harder-than-I thought questions in this post on my Enforcement Action blog over at Compliance…

Read More

UK: SFO Announces Move Toward Self-Reporting and Negotiated Settlements

The UK’s Serious Fraud Office has confirmed that it plans, for the first time, to move towards a US-style system where businesses can self-report corruption issues and then negotiate a settlement seeking leniency.  The Times Online reports that the SFO says it will use civil penalties such as fines “wherever possible” instead of criminal sanctions. According to Tom Stocker, a…

Read More

Marc Dreier’s $10 Million Apartment to be Auctioned Off Today

Marc Dreier’s Manhattan apartment $10.4 million Midtown Manhattan condominium, where he recently served his “(Pent)House Arrest,” is scheduled to be auctioned at 1 pm today, along with its contents. As previously discussed here, on July 13, U.S. District Judge Jed Rakoff sentenced Marc Dreier to 20 years in prison.  Dreier pleaded guilty in May to charges including securities fraud, conspiracy,…

Read More

Securities Docket A.M. News Wire for July 21, 2009

SEC Seeks to Rein In Its Own Stanford Receiver; Deutsche Bank Fires 2 Execs in Spying Probe; Former Qualcomm director of strategic marketing analysis faces insider trading charges; Australia: Lion Selection board member alleged to have engaged in insider trading; Spanish Prosecutor to Appeal Alierta Ruling; Hong Kong: Former Inv. Banker, Hedge Fund Manager Jailed After Pleading Guilty to Insider Trading; July 21 Webcast – Securities Litigation Issues Facing Institutional Investors.

Read More