Daily Archives: September 24, 2015, 12:22 pm

SEC Again Rejects Constitutional Challenges to Administrative Enforcement Proceedings | Corporate Defense and Disputes

The Securities and Exchange Commission again rejected constitutional challenges to the use of administrative enforcement proceedings presided over by Administrative Law Judges (“ALJs”).  The Commission’s September 17, 2015 decision in In the Matter of Timbervest, LLC – the Commission’s second ruling on the constitutional issue in the past two weeks – rebuffed arguments that ALJ proceedings such as this one…

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Key Takeaways from the SEC’s First Cybersecurity-Related Enforcement Action | Compliance Week

On Tuesday, the SEC announced that it had filed a settled enforcement action against an investment adviser for the firm’s alleged failure to establish required cybersecurity policies and procedures. The firm’s web server was later breached, compromising the personally identifiable information of approximately 100,000 individuals. This is the first enforcement action that the SEC has brought against a regulated entity…

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