‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInSteven Cohen Plans a New Hedge Fund. Investors Are Wary. – The New York Times
Steven A. Cohen, the billionaire investor whose career was nearly derailed by a government crackdown on insider trading, is days away from once again being able to manage other people’s money. Whether investors will hand over their money is another question. via Steven Cohen Plans a New Hedge Fund. Investors Are Wary. – The New […]
Gerald Hodgkins, Associate Director of the SEC’s Enforcement Division, to Leave the Agency After 20 Years of Service
The Securities and Exchange Commission today announced that Gerald W. Hodgkins, an Associate Director of the Division of Enforcement, will leave the agency at the end of this year for private practice. During his tenure of two decades at the SEC, Mr. Hodgkins has overseen more than 100 enforcement actions covering the full breadth of […]
Statute of Limitations Tolling in SEC Enforcement Actions Post-Kokesh – An Offer You Can Refuse – FCPA Professor
The Supreme Court has now twice rebuked the Securities and Exchange Commission (“SEC” or “Commission”) in unanimous opinions on statutes of limitations. See Gabelli v. Securities and Exchange Commission, 568 U.S. 442 (2013); see also Kokesh v. Securities and Exchange Commission, 137 S. Ct. 1635 (2017). Its February 2013 Gabelli decision, coupled with its June […]
ANDREW M. CALAMARI, FORMER HEAD OF THE SEC’S NEW YORK OFFICE, TO JOIN FINN DIXON & HERLING | Finn Dixon & Herling LLP
Andrew M. Calamari, who served as Director of the New York Regional Office of the U.S. Securities and Exchange Commission for the past five years, will join the firm as a partner, effective January 15, 2018. Mr. Calamari will be a member of the firm’s practice groups in Government and Internal Investigations, Litigation, and Investment […]
PCAOB Announces $750,000 Settlement with Deloitte Turkey
The Public Company Accounting Oversight Board today announced that Turkey-based DRT Bagimsiz Denetim ve Serbest Muhasebeci Mali Musavirlik A.?. (Deloitte Turkey) will pay a $750,000 civil money penalty to settle charges that it devised and implemented a plan to improperly alter documents in advance of a PCAOB inspection in 2014. The PCAOB also charged the […]
PCAOB Announces $1.5 Million Settlement with Grant Thornton for Quality Control Violations and Audit Failures
The Public Company Accounting Oversight Board today announced a $1.5 million civil penalty and censure against Grant Thornton LLP for violations of quality control standards and for audit failures. The quality control violations were in connection with the firm’s assignment, support, and monitoring of two engagement partners on 2013 audits performed in the financial services […]
Will the SEC Drop Broken Windows Enforcement? — Financial Advisor IQ
In the Trump era, will the SEC’s enforcement division continue to pursue its “no broken windows” policy — which calls for its prosecution of minor infractions by institutions and individuals? Lawyers warn advisors to heighten their senses over the watchdog’s enforcement activities. via Financial Advisor IQ – Will the SEC Drop Broken Windows Enforcement?
Marc P. Berger Named Director of New York Regional Office
The Securities and Exchange Commission today announced that Marc P. Berger has been named Director of the New York Regional Office. He will join the agency in January 2018. Mr. Berger is presently global co-head of Ropes & Gray LLP’s Securities and Futures Enforcement Practice. Before joining Ropes & Gray, Mr. Berger spent 12 years […]
The Corporate Board’s Role When It Comes to Cybersecurity – WSJ
Cybersecurity is a business risk and therefore a board issue, experts say. But cybersecurity oversight can be a challenge for directors, many of whom may not fully understand the issue. Pete Chronis, chief information security officer at Time Warner’s Turner division, and Myrna Soto, the global chief information security officer at Comcast Corp. , sat […]
Orrick to Expand National White Collar & Securities Litigation Practice with 15 Morvillo LLP Litigators in NY and DC
Orrick today announced that members of Morvillo LLP, the nationally recognized white collar and securities litigation boutique, will join the firm, effective January 1, 2018. The move will add seven partners and 15 litigators in total, eight in New York and seven in Washington, D.C., and expands Orrick’s East Coast Securities Litigation and White Collar […]