‘Enforcement 40’ for 2020
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By Securities Docket on November 23, 2013, 11:42 am
Two traders have won the dismissal of a U.S. Securities and Exchange Commission lawsuit accusing them of insider trading in Onyx Pharmaceuticals Inc as the company considered a takeover bid from rival Amgen Inc . The decision by U.S. District Judge Paul Oetken in Manhattan, made public Friday, marked a setback in what has become […]
By Securities Docket on November 23, 2013, 8:30 am
Get caught up with the Securities Docket News Wire for November 22, 2013.
By Securities Docket on November 22, 2013, 4:11 pm
A top U.S. securities regulator on Friday questioned the methods used by his agency to subpoena the targets of investigations, saying he feared they lack oversight and delegate too much power to enforcement attorneys. Speaking before the Los Angeles County Bar Association, Securities and Exchange Commission Republican member Michael Piwowar said he believes it is […]
By Securities Docket on November 22, 2013, 3:33 pm
Apparently, JPMorgan Chase’s top lawyer has some hurt feelings over his bank’s recent $13 billion fine. Stephen Cutler, speaking Friday morning at an industry conference, fired back at the government and said that the regulation of banks is spiraling out of control. He said regulators are wasting taxpayers’ resources by piling on infractions and issuing multiple fines […]
By Securities Docket on November 22, 2013, 12:59 pm
It is Friday, so let’s take a brief break from the serious to try to answer the following question: why did the SEC change the photo on the cover of its Facebook page for “Career Opportunities?” The true answer may never be known but I believe there is a simple explanation: the need to eliminate […]
By Securities Docket on November 22, 2013, 8:30 am
Get caught up with the Securities Docket News Wire for November 21, 2013.
By Securities Docket on November 22, 2013, 7:35 am
The chief executive of the world’s biggest winemaker, Treasury Wine Estates, has lashed out at the rising tide of ”crazy class actions” hurled at boardrooms, arguing they were being manufactured by self-interested litigators. via Wine boss slams ‘crazy’ lawsuits — Stock & Land
By Securities Docket on November 21, 2013, 8:30 am
Get caught up with the Securities Docket News Wire for November 20, 2013.
By Securities Docket on November 21, 2013, 7:47 am
The Securities and Exchange Commission and Federal Bureau of Investigation have been examining whether anyone in government illegally passed along information April 1 about a pending decision on Medicare payments, according to officials involved in the probe. A report from a Washington policy-research firm, Height Securities, correctly called the decision just before it was announced, which […]
By Securities Docket on November 21, 2013, 7:31 am
The Justice Department has aggressively tackled financial misconduct in two recent high-profile cases, the type typically handled by the Securities and Exchange Commission. This week, Justice exacted a record $13 billion settlement with JPMorgan Chase to resolve allegations that the bank knowingly sold faulty mortgage securities. Earlier this year, it slapped Standard & Poor’s with […]