‘Enforcement 40’ for 2020
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By Securities Docket on February 25, 2016, 11:03 am
At a recent conference, an SEC official defended the agency’s use of administrative proceedings and flatly dismissed the notion that the SEC was using APs in order to gain a “home court advantage.” Rep. Scott Garrett didn’t like that one bit. via Rep. Garrett ‘Distressed’ by SEC’s Faith in AP Process | Compliance Week.
By Securities Docket on February 25, 2016, 8:55 am
Get caught up with the Securities Docket News Wire for February 24, 2016.
By Securities Docket on February 25, 2016, 8:50 am
And, Cohen said last Friday, the Market Abuse Unit has filed five insider trading cases generated from the Center over the last year. This is noteworthy. Here is one of the cases, and here is another one. Lexis doesn’t tell me about the other two. But what I want to know is, what data do […]
By Securities Docket on February 24, 2016, 10:44 am
A recent decision from a federal district court and a proposed regulation from the New York State Department of Financial Services provide even more reason for compliance officers at financial institutions to install robust anti-money laundering compliance programs. Under the district court decision and proposed regulation, chief compliance officers would be personally subject to both […]
By Securities Docket on February 24, 2016, 8:55 am
Get caught up with the Securities Docket News Wire for February 23, 2016.
By Securities Docket on February 23, 2016, 11:53 am
Roel Campos and Terence Healy join Hughes Hubbard & Reed from Locke Lord.
By Securities Docket on February 23, 2016, 11:28 am
Ms. Mehraban’s statements do little to lessen the concerns of directors and other “gatekeepers” over the SEC’s recent emphasis on bringing enforcement actions against individuals. Enforcement decisions still depend on whether the staff believes gatekeepers have behaved “unreasonably” or failed to be sufficiently proactive in the face of red flags. This is particularly alarming in […]
By Securities Docket on February 23, 2016, 10:03 am
U.S. District Judge Shira Scheindlin of the Southern District of New York recently certified a class in Strougo v. Barclays PLC, 14 Civ. 5797 (SAS), (S.D.N.Y. Feb. 2, 2016), a high-profile securities class action based on the “price maintenance” theory. The plaintiffs alleged that Barclays made false or misleading statements by overstating the transparency and […]
By Securities Docket on February 23, 2016, 8:55 am
Get caught up with the Securities Docket News Wire for February 22, 2016.
By Securities Docket on February 23, 2016, 8:52 am
A senior Securities and Exchange Commission official Friday hit back at suggestions the agency is gaining an unfair edge over defendants by sending more cases to its in-house judges, rather than to federal court. Matthew Solomon, head of the SEC’s trials unit, said claims that the agency enjoyed a home-court advantage at its in-house tribunal are “garbage.” […]