Daily Archives: June 29, 2017, 12:07 pm

Columbia professor Jackson leads field for SEC job: sources | Reuters

Columbia University law professor Robert Jackson is a leading contender for one of the two commissioner vacancies on the U.S. Securities and Exchange Commission, according to people familiar with the matter. If ultimately nominated by U.S. President Donald Trump and confirmed by the Senate, Jackson would fill a vacant spot reserved for a Democrat on the five-member panel. via Columbia…

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Martin Shkreli Built Hedge Fund Empire on ‘Lies,’ Prosecutor Says at Trial Start – AP

A federal prosecutor has told jurors in opening statements at the securities fraud trial of a former pharmaceutical company CEO that he built a bogus hedge fund empire on “lies upon lies.” Assistant U.S. Attorney Karthik Srinivasan accused Martin Shkreli on Wednesday of losing investors’ money through bad trades, then looting a drug company for $10 million in a secret…

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SEC Whistleblower Chief: ‘Be Careful What You Wish For’ | National Law Journal

Jane Norberg, who was named director of the SEC whistleblower office in September, said Wednesday that the agency’s interpretation of anti-retaliation protections should be favored by companies for making employees more comfortable reporting potential misconduct internally. If the agency’s more expansive view of anti-retaliation protections were scaled back, she said, “then the very first time that companies hear about a…

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The Chickenshit Club by Jesse Eisinger — what happened to the DoJ?

Eisinger, who borrows for his title Comey’s moderately profane appellation, details an unmistakable decline in the justice department’s willingness and ability to prosecute corporate crime. For the four years 2012-2015, white-collar cases made up just 10 per cent of the DoJ’s caseload — roughly one-half the share two decades earlier. “The justice system is broken,” Eisinger concludes, adding that the…

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