Daily Archives: January 18, 2017, 2:48 pm

The Insider Trading Cartoon Series, Vol. 14 — United States v. Newman (Part 1) | Brooks Pierce

The U.S. Court of Appeals for the Second Circuit shook the insider trading world in 2014 when it issued United States v. Newman, 773 F.3d 438 (2d Cir. 2014).  The court addressed the knowledge required for liability of remote tippees and what a personal benefit means in tipping cases.  I think the decision in that case remains important today, even…

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Enforcement Chief to Step Down at Financial Derivatives Regulator – The New York Times

One of the Obama administration’s few remaining Wall Street enforcers is stepping down. Aitan Goelman, head of the Commodity Futures Trading Commission’s enforcement division, announced his departure on Wednesday during a broad exodus of prosecutors and regulators in the Obama administration’s final days. via Enforcement Chief to Step Down at Financial Derivatives Regulator – The New York Times

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Rolls-Royce to Pay $817 Million to Resolve Bribery and Graft Inquiries – The New York Times

Rolls-Royce, the maker of jet engines and other power systems, said on Monday that it had agreed to pay $817 million to resolve several long-running bribery and corruption inquiries. The company said that it had reached so-called deferred prosecution agreements with the Serious Fraud Office of Britain, as well as the United States Department of Justice. It also reached a…

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Securities Defense Bar Praises Trump SEC Pick | The American Lawyer

Attorneys said they wouldn’t be surprised if Clayton, once confirmed, selects a former prosecutor at Sullivan & Cromwell to head the enforcement division, much as White chose a Debevoise & Plimpton colleague, Andrew Ceresney, to lead the division. Hunter and others noted that Clayton has a number of experienced partners at Sullivan & Cromwell who are former federal prosecutors, including…

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