Daily Archives: November 16, 2017, 6:26 pm

Pitcher Partners embroiled in Slater & Gordon class action – Lawyers Weekly

A claim has been filed against the accounting firm over its auditing for Slater and Gordon. Pitcher Partners, which was Slater and Gordon’s auditor until 30 June 2015, is being sued over its auditing of the listed law firm. Two shareholder class actions were brought against the troubled law firm after its systemic accounting issues came to light following the…

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Wall St. bankers secretly used chat rooms to rig Treasury bond trades: suit | New York Post

Wall Street banks secretly shared client information in online chat rooms in order to rig auctions for the $14 trillion US Treasurys market, according to an explosive lawsuit filed in Manhattan federal court on Wednesday. The move wrongly fattened the banks’ profits and picked profits from clients, the suit claims. via Wall St. bankers secretly used chat rooms to rig…

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U.S. foreign bribery cases fast-tracked due to statute of limitations ruling – SEC enforcement chief — Reuters

The court’s June ruling(here) affects many parts of federal law enforcement in which prosecutors require firms to pay back ill-gotten gains. But the cases under the FCPA anti-bribery law will be disproportionately affected because they take more time to investigate and often are based on repaying illicit gains, SEC Co-Director of Enforcement Stephen Peiken said. via U.S. foreign bribery cases…

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Closing the Door on “Broken Windows” – What Does It Mean for Private Fund Sponsors? – Lexology

Recent speeches by SEC Commissioner Michael Piwowar and SEC Division of Enforcement Co-Directors Stephanie Avakian and Steven Peikin indicate that the era of the “broken windows” approach, where relatively minor compliance infractions were broadly and aggressively policed and often punished in order to deter potentially larger violations, may be coming to an end…. via Closing the Door on “Broken Windows”…

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