‘Enforcement 40’ for 2020
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By Securities Docket on July 28, 2009, 6:55 am
Baseball players find ally in SEC over lawsuit; The Financial Industry Regulatory Authority lost $696 million last year; SEC Suspected Stanford Bank as Early as 2005, Documents Show; Daniel Goelzer Named Acting Chairman of PCAOB; Stanford Seeks Transfer Out of “Oppresive” and “Intolerable” Prison; Comptroller Tom DiNapoli meets with SEC on placement agent changes.
By Securities Docket on July 27, 2009, 2:32 pm
The federal judge in the R. Allen Stanford case has already denied one Stanford request to move to a different prison, but Stanford’s lawyer, Dick DeGuerin, has “urgently” asked Hittner to reconsider. According to DeGuerin, conditions at the Joe Corley detention facility where Stanford is now being held are “oppressive:” DeGuerin notes that “during the […]
By Securities Docket on July 27, 2009, 2:20 pm
The SEC has appointed Daniel L. Goelzer as Acting Chairman for the Public Company Accounting Oversight Board effective August 1, 2009. Goelzer is a founding and current member of the PCAOB Board, where he has served for the past six years. “Daniel Goelzer has demonstrated the leadership, ability and experience necessary to oversee the continued […]
By Securities Docket on July 27, 2009, 6:55 am
U.S. Enters Europe’s Hedge Fund Debate; Australia: ASIC bans James Hardie former directors, seeks fines; August 5 Webcast – Credit Default Swaps: Recent Developments; Al-Raya Chief Who Faced SEC Charges Is Found Dead; Schumer wants to curb traders’ flash orders. India: Class action lawsuits to form part of Companies Bill.
By Securities Docket on July 27, 2009, 6:25 am
Credit Default Swaps have received their share of attention over the past 12 months. Stripped of all the rhetoric, CDSs have been and continue to be integral risk management tools in an evolving regulatory, transactional, and litigation landscape. Please join Gene Deetz and Jeff Nielsen of Navigant Consulting and Jay Tambe and James Goldfarb of […]
By Securities Docket on July 25, 2009, 6:55 am
Can Twitter Raise Risk of Insider Trading Liability? http://bit.ly/11rFxX # UK: FSA Quadruples Team Investigating Ponzi Schemes. http://bit.ly/16Uux1 # Matthew Friedrich Joins Boies, Schiller & Flexner in Washington, DC. http://bit.ly/t8s5f # Lousy Job of the Week: Piecing Shredded Documents Back Together. http://bit.ly/zUnzu # Hot Tips, Twitter and Insider Trading: O, Canada! http://bit.ly/1aat9s # Merck and […]
By Securities Docket on July 24, 2009, 5:35 pm
Here is the weekly summary for Securities Docket’s Web Watch (”This Week’s Best Blog Posts and Columns”): CROSS BORDER (July 24, 2009): Did CEO’s tweet violate quiet period? Ruby Tuesday CEO Sandy Beall’s message on Twitter didn’t violate Reg FD. The question is whether his tweet broke SEC rules around public stock offerings. LESTER BRICKMAN, […]
By Securities Docket on July 24, 2009, 5:14 pm
In the UK, the Financial Services Authority stated that it has more than quadrupled the size of the investigation team looking at Ponzi schemes. The team has gone from fewer than ten people to more than 40 lawyers, forensic accountants and prosecutors after a large increase in the number of cases. According to the Times […]
By Securities Docket on July 24, 2009, 4:52 pm
Matthew W. Friedrich has joined law firm Boies, Schiller & Flexner LLP as a partner in its Washington, DC office. The firm announced on Wednesday that Friedrich will focus on internal investigations, white collar matters, and litigation. Friedrich joins BS&F following thirteen years at the Department of Justice, where he most recently served as the […]
By Securities Docket on July 24, 2009, 2:51 pm
Some lucky person or persons in the federal prosecutor’s office will apparently have responsibility for “re-assembl[ing] the contents of three bags of shredded documents” that are sought as evidence in the R. Allen Stanford case. Don’t worry, though, it should only take about two months. Bloomberg reports that federal prosecutors told U.S. Magistrate Judge Barry […]