Subscribe
‘Enforcement 40’ for 2020
Our Sponsors
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedInWho is Winning the Securities Class Action War—Plaintiffs or Defendants? | D&O Law Blog
Defendants win a lot of battles. The Private Securities Litigation Reform Act of 1995 was an enormous victory for the defense bar, imposing high pleading burdens on plaintiffs and establishing a safe harbor for forward-looking statements that, in Bill Lerach’s famous words, gives defendants “license to lie.” The rate of dismissal is markedly higher than […]
Senate confirms Trump’s pick to lead SEC, signaling new era – POLITICO
The Senate on Tuesday confirmed Jay Clayton to be chairman of the SEC, infusing the stock market regulator with new leadership that will likely back away from strict enforcement on Wall Street. In a 61-37 vote, eight Senate Democrats and independent Angus King of Maine joined with Republicans to confirm Clayton, despite Sen. Elizabeth Warren’s […]
FINRA Comments After Senate Confirms Jay Clayton as SEC Chairman | Finance Magnates
After the Senate confirmed Jay Clayton as chairman of the Securities and Exchange Commission yesterday, the financial and regulatory associations have wasted little time in commenting and congratulating Trump’s nominee. via FINRA Comments After Senate Confirms Jay Clayton as SEC Chairman | Finance Magnates
Baseball Star’s Inside-Trading Trial Wrapping Up — Courthouse News
A federal prosecutor and a defense attorney Tuesday gave jurors vastly different explanations of how former Major League Baseball star Doug DeCinces and 14 of his friends and family came to buy a stock in a medical device company days before it was acquired, more than doubling its share price. DeCinces, a power-hitting third baseman […]
Ex-SEC accountant faces charges over illegal options trades: sources | Reuters
A former accountant at the U.S. Securities and Exchange Commission (SEC) is expected to settle parallel criminal and civil charges, after he was caught illegally trading options while working at the agency, according to multiple sources familiar with the matter. via Ex-SEC accountant faces charges over illegal options trades: sources | Reuters
Senate confirms Wall Street lawyer Jay Clayton to lead SEC – The Washington Post
The Senate on Tuesday confirmed the nomination of Jay Clayton, a Wall Street lawyer with decades of experience helping companies to weather regulatory scrutiny, to lead the Securities and Exchange Commission. As chairman of the SEC, Clayton will police many of the same large banks that he has spent decades representing, including Goldman Sachs and Barclays. He […]