‘Enforcement 40’ for 2020
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By Securities Docket on March 24, 2017, 8:55 am
Get caught up with the Securities Docket News Wire for March 23, 2017.
By Securities Docket on March 23, 2017, 9:15 am
Jay Clayton, President Donald Trump’s nominee to chair the U.S. Securities and Exchange Commission, plans to promise lawmakers at his confirmation hearing on Thursday not to shy away from going after fraudsters. “I am 100 percent committed to rooting out any fraud and shady practices in our financial system,” said Clayton, according to excerpts of […]
By Securities Docket on March 23, 2017, 9:00 am
The former chairman of Dean Foods told jurors at a criminal trial Tuesday that he fed secrets about the company to a professional gambler for over seven years, sometimes speaking in coded language over a prepaid cellular phone called the “bat phone.” Thomas Davis, 68, was the prosecution’s star witness in the insider trading case […]
By Securities Docket on March 23, 2017, 8:59 am
If confirmed, Clayton would lead the agency as it puts two major reputation-damaging events behind it: Its failure to act on several tips that Bernie Madoff was operating a Ponzi scheme, which blew up in 2006 and caused billions of dollars in investor losses; and its inability to regulate securities markets in a way that […]
By Securities Docket on March 23, 2017, 8:55 am
Get caught up with the Securities Docket News Wire for March 22, 2017.
By Securities Docket on March 22, 2017, 9:51 am
Two decades ago, Warren was a little-known law professor at the University of Pennsylvania. Clayton was a Penn law student at the same time. She went on to become the finance industry’s most relentless critic, while he made millions as a lawyer representing big banks and hedge funds. Their paths will cross again Thursday at […]
By Securities Docket on March 22, 2017, 8:54 am
Preet Bharara, the former U.S. Attorney in Manhattan who was fired this month by President Donald Trump, will join New York University’s law school on April 1 as a distinguished scholar in residence, the school announced on Tuesday. via Preet Bharara joins NYU law school — Reuters
By Securities Docket on March 22, 2017, 8:48 am
Late last week, President Donald Trump’s budget blueprint was released. Among many other headline-grabbing cuts—the EPA, Meals on Wheels, climate change funding, legal aid for low-income households, and on, and on, and on—it also included a less-noticed $1.1 billion, or 4%, cut to the Department of Justice. The DOJ, of course, includes two divisions of […]
By Securities Docket on March 22, 2017, 7:38 am
The defense of Mr. Walters is a claim that he has a better account for his trading that does not involve inside information, but it does not eliminate the possibility that Mr. Davis was one of his tells in assessing the companies for an investment. Is that really a claim of innocence or an alternative […]
By Securities Docket on March 21, 2017, 3:01 pm
One might have also expected a louder outcry from former federal prosecutors as to the impact of such a massive purge on both ongoing cases and public perception. “The Trump Administration’s blanket decision exhibited a lack of thoughtfulness for the necessary transition of the most sensitive investigations being conducted around the nation,” wrote former Assistant […]