Monthly Archives: October 2015

Insider trading charges dropped against SAC’s Steinberg | New York Post

Manhattan US Attorney Preet Bharara on Thursday dismissed all charges against Michael Steinberg, who was convicted by a federal court jury in December 2013 of five counts of insider trading. The move by Bharara was not unexpected, as similar verdicts against Anthony Chiasson and Todd Newman, traders at two other hedge funds, were overturned by an appellate court. The Supreme Court…

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SEC Doubles Number of Financial Reporting and Audit Cases in Two Years – The CFO Report – WSJ

The U.S. Securities and Exchange Commission nearly doubled its enforcement actions related to financial reporting and audit fraud over the past two years, the agency’s top cop said Thursday. The agency filed 134 cases in the financial reporting and audit area in its 2015 fiscal year, ended Sept. 30. That’s up from 98 in fiscal 2014, and 68 in fiscal…

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Pres. Obama Nominates Fairfax, Peirce as SEC Commissioners | Compliance Week

Yesterday, President Obama announced his intent to nominate Lisa Fairfax and Hester Peirce as Commissioners of the SEC. If confirmed, Fairfax and Peirce will fill the Democrat and Republican seats on the Commission that are being vacated by Commissioners Luis Aguilar and Daniel Gallagher, respectively. via Pres. Obama Nominates Fairfax, Peirce as SEC Commissioners | Compliance Week

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