‘Enforcement 40’ for 2020
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By Securities Docket on July 2, 2013, 8:30 am
Get caught up with the Securities Docket News Wire for July 1, 2013.
By Securities Docket on July 2, 2013, 8:26 am
The Securities and Exchange Commission today elevated two staff members to head the Division of Enforcement’s Asset Management Unit, which targets investment advisers, investment companies and private funds. Julie M. Riewe and Marshall S. Sprung were tapped as co-chiefs of the unit. They both had been serving as deputy chiefs of the group since May […]
By Securities Docket on July 2, 2013, 8:25 am
Federal prosecutors had alleged that Mark Anthony Longoria, a former Advanced Micro Devices Inc. supply-chain manager, and Walter Shimoon, a former executive at a unit of Flextronics International Inc., provided inside information to clients of California expert-network firm Primary Global Research. The men were each secretly paid as consultants by clients of the firm, receiving […]
By Securities Docket on July 2, 2013, 8:24 am
A former Dow Chemical Co. executive and two others were accused by U.S. regulators of reaping more than $1 million from illegal trades ahead of a 2008 announcement that the company would acquire Rohm & Haas Co. Mack Murrell, who was vice president of information services at Dow at the time, obtained confidential details about […]
By Securities Docket on July 2, 2013, 8:21 am
A former manager at Advanced Micro Devices Inc and a former executive at Flextronics International Ltd avoided prison time on Monday after cooperating in a broad government investigation of insider trading. Mark Anthony Longoria, a former AMD production manager, and Walter Shimoon, formerly of Flextronics, were both sentenced by U.S. District Judge Jed Rakoff in […]
By Securities Docket on July 2, 2013, 8:20 am
The financial crisis and its continued lack of identifiable culprits is key to understanding why insider trading is all the rage these days with the federal law enforcement bureaucracy, and why men who run hedge funds, like Raj Rajaratnam and Steve Cohen, have become more recognizable household names than those of our banking titans. Of course, […]