Daily Archives: September 16, 2016, 1:26 pm

2016 SEC trial scorecard update: agency now 4-1-1 after City of Miami trial | Compliance Week

This week, following a two-week trial, a federal jury in Miami found that the City of Miami and its former Budget Director committed securities fraud in connection with their disclosures concerning the deteriorating financial condition of the City during 2007 and 2008, and in three separate municipal securities offerings in 2009. via 2016 SEC trial scorecard update: agency now 4-1-1…

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SEC Cracks Down on Employer “Pretaliation” – Lexology

As the SEC’s latest enforcement actions demonstrate, the SEC interprets the prohibition against restricting an employee’s ability to provide information about a possible securities violation to the SEC Section 21F-17 quite broadly. Thus, as the law on this topic develops, employees should be vigilant of the prohibitions that their employer’s place on their ability to participate in the SEC’s whistleblower…

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INSIGHT: SEC delivering on promise to scrutinize private equity firms — Reuters Regulatory Intelligence

As a result of the SEC probe and despite public warnings, the SEC has now announced approximately a dozen actions against PE managers, including some of the largest and most prominent firms. Penalties, including disgorgement and fines now total nearly $150 million in settled cases. via INSIGHT: SEC delivering on promise to scrutinize private equity firms — Reuters Regulatory Intelligence

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