‘Enforcement 40’ for 2020
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By Securities Docket on March 16, 2016, 10:17 am
A former human resources consultant from Atlanta who admitted to participating in a $1.1 million insider trading scheme with a film producer avoided prison on Tuesday, as a federal judge rejected prosecutors’ request for him to be incarcerated. Federal prosecutors in Manhattan had argued that a sentence of 37 to 46 months was reasonable for […]
By Securities Docket on March 16, 2016, 8:55 am
Get caught up with the Securities Docket News Wire for March 15, 2016.
By Securities Docket on March 15, 2016, 9:25 am
The notion that the FCPA enforcement agencies are focusing more on individual enforcement is certainly part of the current narrative and many in the FCPA’s echo chamber are falling for this narrative hook, line and sinker. However, it’s NOT true that the FCPA enforcement agencies are focusing more on individual enforcement. Indeed, the following number demonstrate […]
By Securities Docket on March 12, 2016, 8:55 am
Get caught up with the Securities Docket News Wire for March 11, 2016.
By Securities Docket on March 11, 2016, 2:47 pm
The Australian Securities and Investments Commission announced that Hui Xiao, a former managing director of Hanlong Mining, was sentenced today to a total of 8 years and 3 months for insider trading — the longest sentence ever imposed in Australia for that crime. The Xiao case is a nice success story for ASIC, which has […]
By Securities Docket on March 11, 2016, 9:53 am
The Senate Banking Committee will hold a hearing Tuesday for Republican Hester Peirce and Democrat Lisa Fairfax, the nominees tapped by the White House in October to replace former SEC members Daniel Gallagher, a Republican, and Luis Aguilar, a Democrat. Their nominations were delayed while the committee chairman, Richard Shelby, R-Ala., ran in a primary, […]
By Securities Docket on March 11, 2016, 9:16 am
The Securities and Exchange Commission has settled charges against Texas-based oil company Magnum Hunter Resources Corporation and several individuals, including a company consultant, for deficient evaluation of the company’s internal controls over financial reporting, and failures to maintain internal control over financial reporting between Dec. 31, 2011 and Sept. 30, 2013. via SEC Charges Company […]
By Securities Docket on March 11, 2016, 9:15 am
Reversing a lower court ruling, the 5th U.S. Circuit Court of Appeals in New Orleans said Chadbourne & Parke and Proskauer Rose were immune from liability for losses that 18,000 former Stanford investors blamed in part on Thomas Sjoblom, a lawyer who had represented the financier and worked at both firms. via New York law […]
By Securities Docket on March 11, 2016, 9:13 am
A Manhattan federal judge on Thursday green lighted a lawsuit by a hedge fund operator alleging that Manhattan U.S. Attorney Preet Bharara should be held liable for a misleading affidavit used in an insider trading probe that killed the fund. U.S. District Judge William Pauley said David Ganek of Level Global Investors, once a $4 […]