Daily Archives: June 24, 2013, 11:46 am

Chief of SEC Enforcement’s Municipal Securities Unit Leaving Agency After 25 Years of Service – Compliance Week

Elaine C. Greenberg, the first-ever Chief of the SEC Enforcement Division’s Municipal Securities and Public Pensions Unit and long-time Associate Director of the Philadelphia Regional Office, is leaving the agency at the end of July to enter the private sector. Greenberg has served at the agency for over 25 years. via Chief of SEC Enforcement’s Municipal Securities Unit Leaving Agency…

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Todd Newman’s Insider Trading Conviction, Hedge Funds Take Heed – Forbes

Todd Newman (Diamondback Capital) and Anthony Chiasson (Level Global) were both convicted in December of trading, and profiting, on inside information they gained from analysts who worked for them.   The jury believed, as many juries do believe these days in about 90% of cases brought to trial, that the two men were guilty beyond a “reasonable doubt.”  However, the conviction…

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When Its Legally Benign to Pass on White-Collar Prosecution — The National Law Journal

DOJ can significantly reduce the adverse consequences that accompany an investigations potentially endless period of uncertainty through a ­simple reform of its policy regarding when prosecutors should notify former targets that an investigation has been closed. Department statistics show that federal prosecutors take, on average, more than 400 days to reach a declination decision. During this time, the investigations target…

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