Subscribe
‘Enforcement 40’ for 2020
Our Sponsors
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedIn‘The SEC Has a Big Problem Now’ After Broad Whistleblower Protections Curbed | National Law Journal
The U.S. Supreme Court on Wednesday unanimously slapped down the SEC’s broad view of anti-retaliation protections, ruling that Dodd-Frank’s text clearly affords safeguards against reprisal only to those who contact the commission. Now, the open question for whistleblower and securities industry lawyers is how—or even whether—the SEC continues to promote internal whistleblowing in the new […]
FINRA warns public about fake . . . FINRA – The FCPA Blog
The Financial Industry Regulatory Authority (FINRA) warned about con artists posing as FINRA to make phony investment pitches. Scammers are using FINRA’s name and logo in letters that say FINRA is guaranteeing investments. The letters include a fake signature from FINRA president and CEO Robert W. Cook. It’s actually an advance-fee scam. via FINRA warns […]
U.S. Supreme Court Trims Corporate Whistle-Blower Protections – Bloomberg
The court unanimously threw out a lawsuit against Digital Realty Trust Inc. by a former company official who was fired after complaining internally about alleged violations of federal securities laws. Writing for the court, Justice Ruth Bader Ginsburg said Dodd-Frank authorized whistle-blower lawsuits only by people who had reported the alleged misconduct to the Securities […]
SEC issue guidelines regarding disclosure of security breaches – Business Insider
Intel CEO Brian Krzanich sold millions of dollars worth of company stock after his company became aware of the Spectre and Meltdown security vulnerabilities, but before they became public. The Securities and Exchange Commission has a bit of advice for other executives thinking of doing something similar: Don’t. In new guidelines issued on Wednesday, the […]
The Legal Risk to ICOs That No One’s Talking About – CoinDesk
With the rise and rise of initial coin offerings (ICOs), much attention has been paid to how the U.S. Securities and Exchange Commission (SEC) and federal prosecutors view this innovation. And rightfully so, as those enforcement systems carry stiff penalties and even the potential for jail. But investors and companies should also know that buyers […]
Jury Hangs in SoCal Insider-Trading Trial
A federal judge declared a mistrial Wednesday after the jury deadlocked on whether a Southern California CEO gave insider trading tips about his company’s merger to retired Major League third baseman Doug DeCinces. The jury hung 10 to 2 in favor of acquitting James Mazzo, former CEO of Advanced Medical Optics, of 16 insider trading […]
SEC.gov | SEC Adopts Statement and Interpretive Guidance on Public Company Cybersecurity Disclosures
Yesterday, the Securities and Exchange Commission voted unanimously to approve a statement and interpretive guidance to assist public companies in preparing disclosures about cybersecurity risks and incidents. via SEC Adopts Statement and Interpretive Guidance on Public Company Cybersecurity Disclosures.