Monthly Archives: June 2016

SEC’s Dabney O’Riordan Named Co-Chief of Asset Mgmt Unit | Compliance Week

Yesterday, C. Dabney O’Riordan of the SEC’s Los Angeles Regional Office was named co-chief of the Division of Enforcement’s Asset Management Unit. She fills the co-chief role left vacant when Marshall Sprung left the agency in April 2016 to join Blackstone Group LP as a managing director and the firm’s global head of compliance. via SEC’s Dabney O’Riordan Named Co-Chief of Asset Mgmt…

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GC Dropped Nearly $40K of Company Funds at Gentlemen’s Club, SEC Says | Big Law Business

Wall Street’s top cop has charged the general counsel of a Texas-oil and gas company with violating a bevy of securities laws, including dropping almost $40,000 of company funds in a four-day period in 2014 at a Dallas gentlemen’s club. Jeremy Wagers, general counsel chief operating officer of Breitling Energy Corp, faces charges that he violated anti-fraud and reporting provisions of the Exchange Act, including that…

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Australia: An Increasingly Attractive Plaintiffs’ Forum for Securities Class Actions — Quinn Emanuel

The United States has long been the primary home for securities class actions around the world. This trend, however, was curtailed to some degree with the Supreme Court decision in Morrison v. National Australia Bank, 130 S. Ct. 2869, 2886 (U.S. 2010), which made it more difficult for international litigants in securities class actions to sue in the United States. This has…

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Is the SEC Creeping Between Law Firms, Auditors and Public Companies? (Perspective) | Big Law Business

Like many auditors, Berman had inserted a clause into his contract that required MusclePharm to pay his legal expenses in the event of such an investigation. But the SEC didn’t like that arrangement. This March, the SEC filed an action against him, in effect telling Berman to pay his own legal expenses if he wanted to be considered an independent auditor. In the SEC’s view,…

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