‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInThrowing Away a Legal Career for $310,000 – The New York Times
Would you sell your career for $310,000? It appears that Jeffrey A. Wertkin may have tried to do just that by passing a copy of a sealed whistle-blower complaint against a Silicon Valley company to one of its employees in exchange for that amount. via Throwing Away a Legal Career for $310,000 – The New […]
Stephen Cohen Joins Sidley Austin in Washington, D.C.
Stephen Cohen joins law firm Sidley Austin LLP from SEC.
EY Indonesia arm to pay $1m penalty over telecoms audit — FT
Ernst & Young’s Indonesian firm has agreed to pay $1m to the US auditing watchdog to settle allegations it fell short of auditing standards, making it the latest affiliate of a “big four” firm to be sanctioned. The Public Company Accounting Oversight Board issued the penalty against KAP Purwantono, Suherman & Surja and sanctioned two […]
SEC Wins Freeze of $29 Million in Alleged Insider Trading Profits — SEC Actions
In contrast, in what are called “suspicious trading cases” the SEC typically moves quickly, even without facts or proof of key elements of the offense often citing a bevy of trading data and suggestive facts to secure a freeze order over what is believed to be illicit trading profits – the facts and proof of […]
The Case for Certifying Your Anti-Bribery Program – Lexology
On October 14th, the world’s anti-bribery community celebrated as the finalized ISO 37001 Anti-Bribery Management Systems standard was published. The standard took three years to develop, using input from experts in 56 countries. Companies can now obtain certification that they meet the best practices and regulatory obligations for international anti-bribery programs. The standard can be […]
Whistle-Blower Lawyers Hope GOP Won’t Kill SEC Rewards for Co-Conspirators | Bloomberg BNA
A Republican proposal to bar whistle-blowers who participated in the misconduct they report from collecting a bounty could harm SEC enforcement efforts, whistle-blower lawyers told Bloomberg BNA. Allowing wrongdoers to obtain a whistle-blower award isn’t “ideal,” former Securities and Exchange Commission whistle-blower chief Sean McKessy told Bloomberg BNA. However, he said, with the inducement, enforcers […]
Expert: Time for SEC to consolidate – AP
How are the SEC’s focus and activity likely to change in an administration that tilts toward easing regulation? We asked James Cox, a professor at Duke University School of Law who’s an expert on securities law and a close SEC-watcher. via Expert: Time for SEC to consolidate – AP