Daily Archives: June 2, 2016, 4:17 pm

SEC Names Christopher Hetner as Senior Advisor on Cybersecurity | Compliance Week

Just two weeks after SEC Chair Mary Jo White identified cybersecurity as the “biggest risk facing the financial system,” the SEC further strengthened its focus in this area by naming Christopher R. Hetner to the newly-created position of Senior Advisor to the Chair for Cybersecurity Policy. via SEC Names Christopher Hetner as Senior Advisor on Cybersecurity | Compliance Week

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Tilton’s Challenge to SEC Hearings Rejected by Appeals Court – Bloomberg

Patriarch Partners founder Lynn Tilton lost her challenge to the U.S. Securities and Exchange Commission’s use of in-house judges, after arguing the process is unfair and unconstitutional. The federal appeals court in New York agreed with the lower court that the agency can pursue its case against Tilton internally. If the fund manager were to lose, then she could appeal to…

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Miami digs in against SEC as securities fraud civil trial looms | Miami Herald

A civil securities fraud case against the city of Miami is coming to a conclusion this summer, nearly seven years after federal investigators began probing a series of questionable accounting maneuvers that temporarily masked a mounting financial crisis at the city. And though evidence suggests Miami officials temporarily shifted highly restricted funds into bleeding operating accounts to mask losses in…

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