Daily Archives: July 23, 2013, 4:46 pm

The SEC’s Top Cop Is Cashing In as a Wall Street Lawyer, and You Should Feel OK About It — Slate

… But there’s actually specific academic research on the question of how the revolving door impacts S.E.C. enforcement actions and it concludes that S.E.C. lawyers who rotate out into the private sector are more aggressive in their enforcement efforts than those who don’t. If you manage to unplug from the revolving door narrative for a second, you can see why…

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SAC hits back at regulator allegations – FT.com

A 46-page “white paper” written by lawyers for Mr Cohen was sent to SAC employees on Monday. It provides a detailed riposte to the civil complaint filed by the Securities and Exchange Commission three days earlier, and points to the likely defence to be used by the investor in future legal proceedings. In a copy of the document seen by…

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Former SEC Enforcement Director Robert Khuzami Joins Kirkland & Ellis in D.C. – Compliance Week

Robert Khuzami, former Director of the SEC’s Division of Enforcement, has joined law firm Kirkland & Ellis LLP as a partner in its Washington, D.C. office. The firm announced today that Khuzami has joined its global Government, Regulatory and Internal Investigations Practice Group. via Former SEC Enforcement Director Robert Khuzami Joins Kirkland & Ellis in D.C. – Compliance Week

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Case Against a Canadian Investment Banker Highlights The SEC’s Expansive View of Insider Trading – Bloomberg Law

Could a trade based on intuition and observing a chance encounter between a business contact and an executive of a publicly listed company at a charity event result in insider trading charges? The Securities and Exchange Commission’s recent enforcement action against Richard Bruce Moore suggests that the answer to that question is yes. The SEC’s complaint against Moore, a former…

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The SEC Blinks! Steven Cohen’s Wrists Get Slapped, Not Cuffed — Breakout

On Friday afternoon the Security and Exchange Commission charged hedge fund titan Steven A. Cohen with “Failing to Supervise Portfolio Managers and Prevent Insider Trading.” If the charges stand, Cohen could be barred from the securities industry. Though he’d certainly prefer to have had the issue dismissed entirely, given the scope of the investigation being charged with failure to supervise…

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