Daily Archives: February 28, 2017, 11:08 am

Acting SEC chair signals support for penalties in foreign bribery cases | Reuters

The top Republican at the U.S. Securities and Exchange Commission, known for his critical views on corporate penalties, expressed some support on Friday for imposing them in cases in which companies violate foreign bribery laws. “I am generally comfortable with assessing civil monetary penalties in Foreign Corrupt Practices Act cases,” Acting SEC Chairman Michael Piwowar said in remarks at the…

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Watch the Napkin: First Circuit Affirms Insider-Trading Conviction | The National Law Review

In what appears to be the first appellate decision since the Supreme Court’s December 2016 ruling in Salman v. United States, the U.S. Court of Appeals for the First Circuit affirmed an insider-trading conviction based on a tip of material, nonpublic information. The February 24, 2017 decision in United States v. Bray held that the jury had sufficient evidence to conclude that,…

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‘Business as Usual’ at SEC Despite Staff Vacancies — ThinkAdvisor

“In the short term, folks need to remember that, especially from an investigative and exam staff [standpoint], it will be a lot of business as usual,” Stephen Cohen, former associate director in the SEC’s Division of Enforcement, told me in a mid-February interview. Cohen, who recently joined Sidley Austin LLP as a partner in the Securities & Derivatives Enforcement and…

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