‘Enforcement 40’ for 2020
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By Securities Docket on June 14, 2016, 1:51 pm
Bacchus is the Roman god of wine and intoxication (equated with the Greek Dionysus). “Bacchanalia,” or orgies in honor of Dionysus, were introduced in Rome around 200 BCE but eventualy got so out of hand that they were forbidden by the Roman Senate in 186 BCE. Roughly 2,000 years later, Bacchus made an appearance in […]
By Securities Docket on June 14, 2016, 9:00 am
A recent decision by the eighth circuit court of appeals now adds to the debate over who can qualify as a whistleblower. Beacon v. Oracle America, Inc., No. 15-1729 (8th Cir. Decided June 6, 2016). There the court concluded that one must “establish that a reasonable person in his [the whistleblower’s] position, with the same […]
By Securities Docket on June 14, 2016, 8:56 am
Joseph Nacchio, former Qwest CEO and convicted insider trader, can’t claim surrendered proceeds from illegal Qwest stock trades as a nearly $18 million tax deductible business expense, a federal appeals court ruled. The U.S Court of Appeals for the Federal Circuit reversed a lower court’s ruling and rejected Nacchio’s bid claim the large federal income […]
By Securities Docket on June 14, 2016, 8:55 am
Get caught up with the Securities Docket News Wire for June 13, 2016.
By Securities Docket on June 14, 2016, 8:54 am
A federal appeals court fired skeptical questions on Monday at a lawyer for a U.S. congressional committee and a former staffer who argued that Congress is immune from having to cooperate with an insider-trading investigation. During a hearing, a three-judge panel of the 2nd U.S. Circuit Court of Appeals appeared to lean in favor of […]
By Securities Docket on June 14, 2016, 8:53 am
For some time, the Securities and Exchange Commission, or SEC, took a noticeably hands-off approach toward the use of non-GAAP (generally accepted accounting principles) financial measures by public companies listed in the United States. However, recent developments have signaled a renewed focus on registrants’ use of non-GAAP financial measures…. via The Tide Has Turned: The […]