Video: How SEC Cases Can Go Criminal

As I mentioned here, the “Less than Zero” insider trading case against a former Nixon Peabody associate got even worse last week when federal prosecutors in Washington charged the former associate with the crime of making false statements to SEC investigators, under 18 USC Section 1001.

albertsmRoss Albert (pictured) a former SEC Enforcement attorney now a partner at Morris Manning & Martin in Atlanta, Georgia joined me to follow up on our initial discussion about this case, and to address how Section 1001 can rear its head in SEC cases such as this one when Enforcement investigators pick up the telephone to ask people questions. Our full discussion is available in this video on my Enforcement Action blog over at Compliance Week.