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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInForeign Regulators Stonewalling SEC Probes, Commissioner Says
SEC investigators are often stonewalled by foreign regulators when they seek information from other countries, SEC Commissioner Luis Aguilar said Friday. “There are too many times when the SEC calls for help, all we hear is silence,” Aguilar said during a speech at University of Georgia Law School. via Foreign Regulators Stonewalling SEC Probes, Commissioner […]
A.I.G. to Pay Nearly $1 Billion to Settle Class-Action Suit Brought by Shareholders – NYTimes.com
Shareholders of the insurance giant American International Group have won approval of a $970.5 million settlement resolving claims that they were misled about its subprime mortgage exposure, leading to a liquidity crisis and $182.3 billion in federal bailouts. A.I.G. to Pay Nearly $1 Billion to Settle Class-Action Suit Brought by Shareholders – NYTimes.com
ASIC welcomes seven-year jail term
Australian Securities and Investments Commission chairman Greg Medcraft said he was pleased with the sentence, even if it was short of the maximum 10-year term. “It’s the longest sentence in insider trading history,” he told reporters on Monday. “We’re pleased with the outcome. via ASIC welcomes seven-year jail term — News.com.au