‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInSEC Talks Up Its Second Circuit Win | Bloomberg BNA
In the same week that a divided U.S. Court of Appeals for the Second Circuit panel handed the SEC a win by sending Lynn Tilton’s constitutional challenge back to an administrative proceeding, the agency reported that decision to the Fourth and Eleventh Circuits. The Tilton opinion “addressed the same jurisdictional question presented here and affirmed […]
SEC Official Predicts More Cyber Enforcement Cases | Bloomberg BNA
One trend the SEC has observed is an increase in the number of attacks that “combine technical vulnerabilities and people vulnerabilities,” including business e-mail compromise cases in which employees will receive seemingly genuine e-mails requesting data or money transfers that are in fact perpetrated by fraudsters. “It is a significant area and one that we […]
Senior SEC enforcement official Stephen Cohen to depart agency this month | Compliance Week
The SEC announced on Friday that Stephen L. Cohen, an Associate Director of the Enforcement Division, plans to leave the agency later this month after 12 years of service. A senior member of the SEC’s enforcement staff, Cohen joined the SEC in 2004 and has served as Associate Director since 2011. via Senior SEC enforcement official […]
The Panama Papers and Shell Games, Part I – Compliance ReportCompliance Report
One of the more prescient authors I know is Ryan C. Hubbs, a senior manager of fraud investigation and dispute services at Ernst & Young LLP (EY), who, in 2014, wrote an article for Fraud Magazine entitled “Shell Games”. In this piece, Hubbs wrote about how criminals use shell corporations to launder money and perpetuate […]
Republicans to Unveil Plan to Revamp Dodd-Frank – The New York Times
The Republican chairman of the House Financial Services Committee plans to outline on Tuesday a legislative proposal that aims to dismantle significant portions of the Dodd-Frank financial regulatory overhaul. The plan, whose details will be released in full later this month, has little chance of passing Congress this year. But the proposal by Representative Jeb […]
When One Out of Three Equals Insider Trading Three Times — SEC Actions
“Two out of Three Ain’t Bad is the title of one of rock band Meatloaf’s most famous songs. For most of us two out of three is probably a pretty good result. In major league baseball, in contrast, one out of three for a batter can be very good – a .333 batting average is […]
Securities Docket News Wire for June 6, 2016
Get caught up with the Securities Docket News Wire for June 6, 2016.