Monthly Archives: February 2016

Supreme Court Nomination Fight In Senate Threatens To Deepen SEC’s Vacancy Woes After Scalia’s Death — IB Times

Following the death of Supreme Court Justice Antonin Scalia last weekend, Democrats and Republicans girded for battle over President Barack Obama’s expected nomination to the high court. The political scrum could have spillover effects in the world of financial reform, where investors and consumer advocates await the confirmation of two nominees to the Securities and Exchange Commission. via Supreme Court Nomination…

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Lawmaker wants to give SEC defendants greater rights — Investment News

Rep. Luke Messer, R-Ind., a member of the House Financial Services Committee, plans to introduce legislation in coming weeks that would give people appearing in administrative proceedings the same rights to counsel, evidence discovery and avoiding self-incrimination that they would have in federal court. via Lawmaker wants to give SEC defendants greater rights — Investment News

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Mark Cuban Challenges the Referee: the Constitutionality of SEC In-House Courts | Securities Litigation, Investigations and Enforcement

After the repeated challenges to the SEC’s in-house courts as previously reported, Mark Cuban joined the debate by filing an amicus curiae brief in support of petitioners Raymond J. Lucia Companies, Inc. and Raymond J. Lucia (collectively “Lucia”) in Lucia v. SEC.  Cuban, describing himself as a “first-hand witness to and victim of SEC overreach” in a 2013 insider trading…

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SEC dusts off Reg AC to charge former Deutsche Bank analyst | Compliance Week

Today, the SEC announced that it has filed a settled administrative proceeding against Charles P. Grom, a former Deutsche Bank research analyst, for allegedly certifying a rating on a stock that was inconsistent with his personal view. The SEC alleged that Grom’s conduct violated the analyst certification requirement of Regulation Analyst Certification (“Reg AC”). via SEC dusts off Reg AC to charge former Deutsche Bank…

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SEC Inspector General Report Finds No Evidence of ALJ Bias | Compliance Week

In a recently-issued report, the SEC’s Office of Inspector General concluded that there was no evidence to support allegations of bias on the part of Administrative Law Judges in the SEC’s administrative proceedings. The allegation had surfaced in a May 2015 article in The Wall Street Journal. via SEC Inspector General Report Finds No Evidence of ALJ Bias | Compliance…

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