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Inaugural ‘Enforcement 40’ list to be announced Oct. 9 at Securities Enforcement Forum 2013.
Get caught up with the Securities Docket News Wire for September 24, 2013.
Federal prosecutors, seeking to cap a major chapter in an insider-trading crackdown, proposed settling a criminal case against hedge fund SAC Capital Advisors LP for $1.5 billion to $2 billion, people familiar with the case said. via Prosecutors Propose Up to $2 Billion Settlement With SAC — WSJ
Amid increasing signs that high speed traders are getting early access to key market-moving information, New York Attorney General Eric Schneiderman is cracking down on what he calls ‘Insider Trading 2.0.” “When blinding speed is coupled with early access to data, it gives small groups of traders the power to manipulate market movements in their […]
Mr. Bharara, said that budget constraints have severely limited his ability to hire lawyers. “I literally do not have hiring authority, as we sit here now. If I lose a prosecutor tomorrow, I don’t get to replace that person,” Mr. Bharara said at the Bloomberg Markets 50 Summit in New York. via Bharara Acknowledges That […]