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Join the Securities Litigation and Enforcement Group on LinkedInBrazil’s Petrobras Trial Date Set, As U.S. Pension Funds Seek ‘Tens of Billions’ In Losses – Forbes
Brazil’s oil company Petrobras will finally get its day in a U.S. court on Sept. 19 in a trial that pits 18 former executives and 13 investment banks, including J.P. Morgan Securities, against U.S. and U.K. investors. Claimants are seeking “tens of billions of dollars” in losses. via Brazil’s Petrobras Trial Date Set, As U.S. […]
Congress to SEC: You’ll get nothing and like it | Compliance Week
The SEC, like Spalding Smails in this classic scene from Caddyshack, understandably wants some things. Not “a hamburger, a cheeseburger, a hotdog” but, rather, enhanced technology, more examiners, additional experts on staff, and so on. But lately, without fail, Congress invokes its inner Judge Smails to tell the SEC the same thing each year: “You’ll […]
Securities Docket News Wire for May 25, 2016
Get caught up with the Securities Docket News Wire for May 25, 2016.
At Swinging Wall Street Parties, the Feds Are Now on the Prowl – Bloomberg
The drinks were flowing in Miami Beach that evening when Wall Street’s top cop crashed the party. As dealmakers crowded around the sleek circular bar at the Fontainebleau hotel in Miami last September, folks from the Securities and Exchange Commission were mingling, looking for their next big case. via At Swinging Wall Street Parties, the […]
The Don’t Ask, Don’t Tell Guide to Trading on Inside Information – Bloomberg
So why wasn’t Mickelson charged? The answer is that certain kinds of behavior previously understood to be insider trading are now effectively legal—or at least not prosecutable. More than 20 years after the imprisonment of Ivan Boesky, the infamous arbitrageur, it’s become vastly harder to convict someone for insider trading—the result of several years of […]
Wall Street Crime: 7 Years, 156 Cases and Few Convictions – WSJ
Gary Heinz is little known on Wall Street, but he belongs to a select club. In 2013, the former UBS Group AG employee was sent to prison on charges of rigging bids tied to the municipal-bond market. Now, he sits at a halfway house in San Antonio, awaiting his release in July. It rarely happens […]
U.K. White-Collar Prosecutions Rise as Cybercrime Threat Grows – Bloomberg
The number of U.K. prosecutions for white-collar crime rose for the first time in five years in 2015, with cybercrime one of the key areas of growth, according to a law firm’s report. There were 9,401 white-collar cases last year, up from 9,343 in 2014, according to Pinsent Masons, which obtained the data from the […]