Daily Archives: February 20, 2015, 2:35 pm

SEC challenged over use of in-house judges – FT.com

The latest complaint seeks SEC documents that could help shed light on what critics say is the special treatment reserved for judges who preside over the agency’s administrative proceedings, which have been used to bring cases against SAC Capital founder Steve Cohen, the Big Four accounting firms and large banks like Wells Fargo. via SEC challenged over use of in-house…

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In Corporate Crimes, Individual Accountability Is Elusive – NYTimes.com

Professor Garrett analyzed 303 nonprosecution and deferred prosecution agreements with corporations from 2001 to 2014 in which companies avoided guilty pleas by paying fines and agreeing to other measures. It would seem axiomatic that in all of those cases, individuals actually committed the crimes, since corporations are legal entities and can’t be charged unless their employees engaged in wrongdoing. Yet…

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