‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInNewman Decision Leads to Rare Loss for SEC in an AP | Compliance Week
Today, SEC Administrative Law Judge Jason S. Patil dismissed an insider trading case against a former Wells Fargo trader. Judge Patil found that the SEC failed to prove that the person who allegedly tipped the trader did so for a personal benefit, as required by the Second Circuit’s disruptive opinion in U.S. v. Newman. via […]
The SEC, Second Circuit, and Whistleblowers: Searching For Ambiguity | SEC ACTIONS
The SEC’s interpretation of the Dodd-Frank whistleblower provisions prevailed in a recent Second Circuit decision, creating a circuit split that could be heading for the Supreme Court. Specifically, the Circuit Court deferred to the SEC’s interpretation of the provisions under which whistleblowers are protected from retaliation, finding that even if the whistleblower has not reported […]
Sentencing the Wolf of Wall Street — White Collar Crime Prof Blog
I have just released a new article discussing the sentencing of Jordan Belfort, better known as the “Wolf of Wall Street.” I use this case as a mechanism for considering how white collar sentencing has evolved from the 1980s until today. In particular, the article examines the growth in uncertainty and inconsistency in sentences received […]