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Join the Securities Litigation and Enforcement Group on LinkedInNow, the Sentencing for Martoma – NYTimes.com
Judge Paul G. Gardephe of the United States District Court in Manhattan has not yet set a sentencing date, but it is likely to take place in the next four to six months. The potential punishment that Mr. Martoma faces is significant, and there is a good chance he will receive a sentence of as […]
Martomo Roundup: SAC Trader Convicted on Two Counts of Securities Fraud, One Count of Conspiracy – Compliance Week
Yesterday, a federal jury in Manhattan found Matthew Martomo, a former trader at SAC Capital, guilty on two counts of securities fraud and one count of conspiracy related to an insider trading scheme. The scheme allegedly involved Martomo receiving and trading on inside information he obtained from doctors related to a pharmaceutical trial for an Alzheimer’s drug. Here […]
Securities Docket News Wire for February 6, 2014
Get caught up with the Securities Docket News Wire for February 6, 2014.
Islamabad: Insider trading? KSE investigates staff access to trading data – The Express Tribune
The Karachi Stock Exchange is investigating whether staff profited from years of unauthorised access to real time trading data in a market that has rocketed more than 450 per cent since 2009. The potential breach came to light after two whistleblowers accused senior staff of accessing sensitive trading data through a secure network and accessing […]
Preet Bharara Now 79 for 79 on Insider-Trading Cases – Law Blog – WSJ
Following a jury’s conviction Thursday of former SAC Capital Advisors LP portfolio manager Mathew Martoma, Wall Street’s top prosecutor Preet Bharara is 79 for 79 on insider trading cases during his tenure as U.S. attorney for the Southern District of New York. via Preet Bharara Now 79 for 79 on Insider-Trading Cases – Law Blog – WSJ
Past Fictions, a Lack of Trust and No Deal in SAC Case – NYTimes.com
The guilty verdict on Thursday against the former SAC trader Mathew Martoma only deepens a mystery about the case: Given the overwhelming evidence against him, why did he fight the charges of insider trading, risking a lengthy prison term, rather than make a deal with the government to cooperate in return for leniency? via Past […]
SFO director seeks wider enforcement for Bribery Act – The FCPA Blog
Green’s amendment would widen the Bribery Act’s “failure to prevent bribery” language to include a failure to prevent all acts of financial crime. Companies and banks could also be barred from participating in public contracts across the EU. via SFO director seeks wider enforcement for Bribery Act — The FCPA Blog
FINRA suspends compliance officer, levies highest-ever company AML fine — The FCPA Blog
The U.S. Financial Industry Regulatory Authority suspended a former AML compliance officer for Brown Brothers Harriman and assessed a record $8 million fine against the firm for its anti-money laundering failures. via FINRA suspends compliance officer, levies highest-ever company AML fine — The FCPA Blog