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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInSix people fired after KPMG probe of ethical breach — Bloomberg
Six employees at KPMG were fired after an internal probe into a leak, the accounting firm said Tuesday. The Wall Street Journal reported that a KPMG employee received “improper advance warnings” of inspections and shared it with executives. The newspaper said the firm notified the Securities and Exchange Commission and the Public Company Accounting Oversight […]
‘Lost biggest bet of my life’: Gambler Billy Walters convicted of insider trading — NYT
Four times, authorities went after famed Las Vegas sports gambler William T. Walters, and four times the man known as Billy emerged victorious. But on Friday, Walters’ luck turned, as a federal jury in Manhattan convicted him on fraud and conspiracy charges in one of the biggest insider trading trials in years. via ‘Lost biggest […]
Wall Street Cop Said to Purge Contractors as Budget Fight Looms – Bloomberg
Facing possible budget cuts under President Donald Trump, the Securities and Exchange Commission is eliminating dozens of contractors hired to help root out Wall Street fraud, said two people with knowledge of the matter. The contractors aren’t full-time federal employees, but the SEC, which oversees the finance industry, relies on them to help shoulder complex […]
FINRA enforcement chief returns to Baker Botts — CDR
The chief of enforcement at US financial services regulator FINRA has returned to private practice, while McGuireWoods has made a Houston IP addition and Slaughter and May’s promotions exclude disputes lawyers. Baker Botts has made a significant addition to the strength of its white-collar and securities enforcement practice in Washington, DC with the hire of […]