Daily Archives: December 7, 2016, 11:42 am

SEC Enforcement Division “Looking Closely” at Non-GAAP Violations – CFO Journal. – WSJ

The Securities and Exchange Commission’s enforcement division is looking closely at violations of rules governing custom accounting metrics, said Michael Maloney, chief accountant of the division. The SEC this year stepped up its campaign to rein in the use of accounting metrics that don’t conform to the U.S. Generally Accepted Accounting Principles, known as non-GAAP figures. The SEC’s division of…

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Rejecting ‘Newman,’ SCOTUS Clears Up Rules for Insider-Trading Prosecutions | The Recorder

In a win for federal prosecutors, the U.S. Supreme Court on Tuesday embraced a broad interpretation of insider-trading rules that will allow the government to pursue cases even when it cannot be shown that the insider was trying to benefit from giving the tip. via Rejecting ‘Newman,’ SCOTUS Clears Up Rules for Insider-Trading Prosecutions | The Recorder

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Insiders ‘Back On The Hook’ After Top Court’s Trading Ruling | Big Law Business

For two years, stock traders and the attorneys who represent them said insider-trading law was a muddle, with no one knowing exactly what was or wasn’t legal. On Tuesday, the U.S. Supreme Court said it had “easily” settled the question. No one doubted that a trader who paid cash to an insider for privileged information faced prison. But what about…

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