‘Enforcement 40’ for 2020
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By Securities Docket on November 23, 2016, 2:17 pm
Last week, the SEC prevailed in its first federal court trial of FY 2017. On November 14, 2016, the SEC announced that a jury in the U.S. District Court in the Northern District of California had found a doctor and his friend liable for insider trading in the case of SEC v. Sabrdaran et al. via SEC trial […]
By Securities Docket on November 23, 2016, 12:54 pm
So far, only 37 claimants have actually been granted an award. Claims by 120 claimants were rejected by the agency, according to a review of the office’s final orders. There are four main reasons why. via SEC Whistle-Blower Awards: No Guarantees | Bloomberg BNA
By Securities Docket on November 23, 2016, 9:57 am
When Congress created the SEC Whistleblower program in the Dodd-Frank Act, one of the requirements was that the SEC’s Office of the Whistlblower would provide an annual report to Congress. On November 15, 2016, the SEC released its annual whistleblower report for the 2016 fiscal year (which ended September 30, 2016). The report shows that […]
By Securities Docket on November 23, 2016, 9:56 am
The company led by the American billionaire Koch brothers, along with dozens of banks and fund managers, kept billions of dollars in profit from Bernard L. Madoff’s Ponzi scheme in accounts offshore. As it turns out, that was a good decision. Koch Industries and others who invested in the Madoff fund from offshore accounts won […]
By Securities Docket on November 23, 2016, 8:55 am
Get caught up with the Securities Docket News Wire for November 22, 2016.
By Securities Docket on November 22, 2016, 10:31 am
Whatever your initial view on how the whistleblower provisions may impact FCPA enforcement, it was previously noted that the best part of the whistleblower provisions were that its impact on FCPA enforcement could be monitored and analyzed because the SEC is required to submit annual reports to Congress. Recently, the SEC released (here) its annual […]
By Securities Docket on November 22, 2016, 10:25 am
In April, the SEC released a plan to establish a database that stores every trade order, execution and cancellation. Known as a “consolidated audit trail,” it is a central repository that is expected to begin getting data from stock exchanges and FINRA by late 2017. Thomas Sporkin, a former senior SEC official with the law […]
By Securities Docket on November 22, 2016, 8:55 am
Get caught up with the Securities Docket News Wire for November 21, 2016.
By Securities Docket on November 21, 2016, 2:11 pm
For the second straight year, the SEC litigated six federal court trials. This year, however, the SEC finally lost a trial — albeit with an asterisk. via Final trial scorecard for FY 2016: SEC goes 4-1-1 in 6 trials | Compliance Week
By Securities Docket on November 21, 2016, 9:54 am
McKessy left the agency in late July to join the Washington office of the whistleblower law firm Phillips & Cohen. He was in San Francisco this week, however, and we sat down with him to discuss a range of things, including how often the agency hears from the startup world, whether the SEC is likely […]