‘Enforcement 40’ for 2020
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By Securities Docket on April 27, 2018, 8:40 am
A former FBI lawyer who backs controversial plans to bring the UK’s corruption fighters under the wing of the national crime agency will take over as director of the Serious Fraud Office. Lisa Osofsky, an American who heads of the London branch of an international regulation consultancy, will fill the role vacated by David Green, […]
By Securities Docket on April 26, 2018, 7:34 am
The Securities and Exchange Commission today announced that Eric R. Werner has been named the Associate Regional Director for Enforcement in the SEC’s Fort Worth Regional Office. He succeeds Jessica B. Magee, who left the agency in February. via SEC.gov | Eric R. Werner Named Associate Regional Director for Enforcement in Fort Worth Office.
By Securities Docket on April 26, 2018, 7:30 am
A ruling by markets regulator Securities and Exchange Board of India (Sebi) indicting Rupesh Kantilal Savla and Sujay Ajitkumar for insider trading has laid unusual emphasis on social media contacts, sparking a debate on the ubiquitous digital platforms. via Insider Trading: Sebi order kicks off storm; social media links can’t prove insider trading – The […]
By Securities Docket on April 25, 2018, 3:14 pm
With chief operating officer Mark Thompson installed as interim director of the Serious Fraud Office (SFO), a new name has emerged as a potential successor to David Green QC, who stepped down after six years at the watchdog’s helm last week. Three City white collar partners with links to the SFO, including one former SFO […]
By Securities Docket on April 25, 2018, 2:41 pm
The Securities and Exchange Commission today announced that the entity formerly known as Yahoo! Inc. has agreed to pay a $35 million penalty to settle charges that it misled investors by failing to disclose one of the world’s largest data breaches in which hackers stole personal data relating to hundreds of millions of user accounts. […]
By Securities Docket on April 24, 2018, 10:08 am
A fifth of finance firms are considering getting into cryptocurrency trading within the next year, according to an industry poll by Thomson Reuters. A survey of over 400 Thomson Reuters clients found that one in five is considering getting into crypto, with the majority weighing a push into the market within the next six months. […]
By Securities Docket on April 20, 2018, 2:52 pm
The SEC is often a temporary stop for lawyers who then go into private practice, frequently to defend corporations from the agency. Mr. Friestad, an Iowa native, stayed for 23 years. Colleagues said he relished the work and was a widely admired mentor. “He didn’t pound the table and try to get the highest penalty; […]
By Securities Docket on April 20, 2018, 9:18 am
This is potentially a major change to how the SEC thinks about regulating the conduct of financial advisors. The rule aims to hold financial professionals to higher standards of conduct, even if they are registered as broker/dealers rather than as advisers. Although the SEC has had the authority to write these kinds of regulations since […]
By Securities Docket on April 20, 2018, 9:12 am
The guidance Schroeder conveyed, if acted on, can potentially save firms and individuals a lot of stress, anxiety, money (especially in fines) and reputational damage. Does that mean there will be no more enforcement actions? Of course not. What it does mean is that the leaders of this enforcement program and of FINRA have staked […]
By Securities Docket on April 19, 2018, 11:03 am
Andrew Berke of Apollo Beach has been sentenced to four months of house confinement and three years of supervised release in an insider trading scheme in which his co-defendant, Tampa lawyer Walter C. Little, will soon begin serving 27 months in federal prison. via Tampa executive sentenced to house confinement in insider trading case.