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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInVolcker urges sweeping regulatory reform – MarketWatch
The report outlines “much-needed reform of the financial regulatory structure” and calls for urgency in implementing reforms. A major change the Volcker report advocates is combining the Securities and Exchange Commission, the main regulator of securities, and the Commodity Futures Trading Commission, which oversees futures and options, into a new regulator designed to better protect […]
Hillary Clinton to Tap Former Wall Street Regulator as CFO — CFO.com
In a move seen as an appeal to the progressive wing of the Democratic Party, Hillary Clinton is reportedly going to tap Gary Gensler, former regulator and advocate of the Dodd-Frank legislation, to be her presidential campaign’s chief financial officer, according to a Bloomberg exclusive Thursday. The information was obtained from an unnamed Democratic source. via […]
PwC to Pay $65 Million to Settle Lawsuit Over MF Global – WSJ
PricewaterhouseCoopers LLP agreed Friday to pay $65 million to settle class-action litigation over failed brokerage MF Global Holdings Ltd., a case in which investors claimed PwC botched its audits of the firm before it collapsed into bankruptcy in 2011. via PwC to Pay $65 Million to Settle Lawsuit Over MF Global – WSJ
Ex-billionaire Wyly targeted by SEC over Colorado ranch sale | Dallas Morning News
Bankrupt former billionaire Sam Wyly was accused by regulators of hiding the ownership of a luxury Colorado ranch in a possible bid to avoid paying creditors as much as $50 million in future sale proceeds. via Ex-billionaire Wyly targeted by SEC over Colorado ranch sale | Dallas Morning News
A Non-Insider Trading Case in the District of Massachusetts | Cady Bar the Door
That thought might have occurred to Carmen Ortiz, the U.S. Attorney for the District of Massachusetts. Late last month, her office filed a criminal complaint against James Dunham with many of the hallmarks of an insider trading case, but without some of those annoying elements. The prosecutors didn’t call it an insider trading case, filed […]