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Join the Securities Litigation and Enforcement Group on LinkedInInvestment Fraud Victims Include Online Daters — SEC press Release
The Securities and Exchange Commission today announced fraud charges and an asset freeze obtained against a Connecticut man accused of misleading people into investing in his company and then taking their money for his personal use. His victims include several women he met through an online dating website. via Investment Fraud Victims Include Online Daters — […]
My New eBook: ‘The Cybersecurity Due Diligence Handbook’
The stakes are extraordinarily high for everyone involved when contemplating cybersecurity. That is why I wrote The Cybersecurity Due Diligence Handbook. My goal is to present highly technical cybersecurity subject matter in plain English and to help due diligence teams identify and manage cybersecurity risk. I also aim to create an indispensable flight manual that […]
Securities Docket News Wire for June 9, 2016
Get caught up with the Securities Docket News Wire for June 9, 2016.
SEC Needs to Rewrite its 10b5-1 Safe Harbor Rules | CLS Blue Sky Blog
While it is illegal for insiders to trade on material, non-public information, the SEC has created a safe harbor Rule 10b5-1 since October 2000, by allowing insiders to set up trading plans in advance of actual trading.[1] Since these planned trades are set up in advance of subsequent trading, they allow insiders to buy and […]
Federal Agencies Joining the Data Security Enforcement Action Bandwagon – The D&O Diary
Until now, the primary federal agency regulating data security has been the Federal Trade Commission. Indeed, in August 2015, the Third Circuit in the Wyndham Worldwide case affirmed the FTC’s regulatory enforcement authority against companies failing to take appropriate action to protect consumer financial information. However, other federal regulatory agencies are now increasing asserting their […]
How Nasdaq watches for insider trading – MarketWatch
The MarketWatch team reviewed 387,260 surveillance alerts in 2015, resulting in 689 referrals to Finra for further review and drill-down on the activity at the brokerage firm level. Finra has its own proprietary market surveillance software, called Sonar, that it uses to identify activity for review. That surveillance is supplemented by the referrals and tips […]
Chinese physicist settles U.S. SEC insider charges over tech buyout | Reuters
A Chinese optical physicist who did consulting work for two Chinese private equity firms agreed to pay nearly $757,000 to settle U.S. Securities and Exchange Commission insider trading charges over a proposed buyout of a Silicon Valley company, the regulator said on Thursday. via Chinese physicist settles U.S. SEC insider charges over tech buyout | […]