Daily Archives: November 7, 2013, 12:47 pm

Must-Read: The New Yorker Profiles Mary Jo White, ‘Street Cop’ – Compliance Week

Move over Preet Bharara, now it is SEC Chair Mary Jo White’s turn to receive a 10,000-word profile in a mainstream magazine. The November 11, 2013 issue of The New Yorker magazine includes a must-read article on Chair White (“Street Cop”) by Nicholas Lemann that provides some fascinating background and insights on the SEC’s new leader. via Must-Read: The New…

Read More

House Ethics Committee Warns Congress: No Shares in Twitter IPO for You! – Compliance Week

Shortly before today’s highly-anticipated IPO of Twitter, the House Committee on Ethics issued a reminder that under the “Stop Trading on Congressional Knowledge” Act (STOCK Act), members, officers, and employees of Congress are prohibited from participating in IPOs in a manner “other than is available to members of the public generally.” via House Ethics Committee Warns Congress: No Shares in…

Read More

The Erosion Of Corporate Criminal Liability — FCPA Professor

Over the last two years, there has been significant media coverage of Securities and Exchange Commission settlements that contain no admissions of wrongdoing—sometimes referred to as “Neither Admit, Nor Deny” agreements—and the lack of criminal charges for the 2008 financial meltdown. Both are troubling developments given the role that Wall Street played in bringing about the Great Recession. But there…

Read More

Aggarwal agrees to plead guilty to SAC Capital insider trading — CNBC

Yet another defendant has agreed to plead guilty in the Manhattan U.S. attorney’s sweeping insider trading probe, CNBC has learned. Former sell-side analyst Sandeep Aggarwal, charged in July with providing inside information to a portfolio manager at SAC Capital, is scheduled to appear in court on Friday to enter a guilty plea. via Aggarwal agrees to plead guilty to SAC…

Read More