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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInSEC Drops Market Crisis Case When Faced With Retrial — SEC ACTIONS
The Commission dropped an action against two senior executives of Thornburg Mortgage, Inc. rather than retry the market crisis era case. In the initial trial a jury found in favor of the two executives on a number of counts but deadlocked on charges of fraud and lying to the auditors. SEC v. Goldstone, Case No. […]
An Insider-Trading Tale That Reads Like a Thriller – The New York Times
If you’ve kept up with the headlines about Cohen over the years, you know the ending of Kolhatkar’s tale in advance: The government never brings a case against him. That reality, to some degree, gets in the way of an otherwise good story — and in the end makes it not nearly as satisfying as […]
How Steven Cohen survived an insider trading scandal — FT
Sheelah Kolhatkar, a New Yorker writer who has doggedly followed the SAC Capital story — the biggest Wall Street insider trading scandal since Ivan Boesky was jailed in the late 1980s — sheds plenty of light on how the hedge fund became “very blessed”. It’s a murky tale that reflects extremely badly both on Cohen […]
Securities Docket News Wire for February 6, 2017
Get caught up with the Securities Docket News Wire for February 6, 2017.