Daily Archives: June 7, 2016, 1:51 pm

SEC 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 the dismissal of a similar…

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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 are seeing firms struggling with,…

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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 Stephen Cohen to depart agency…

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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 Hensarling, Republican of Texas, may…

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