‘Enforcement 40’ for 2020
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By Securities Docket on August 29, 2018, 1:16 pm
The SEC alleges that after meeting at a party, Mychal Kendricks began receiving illegal tips from Damilare Sonoiki, an analyst at an investment bank who had access to confidential, nonpublic information about upcoming corporate mergers. Kendricks allegedly made $1.2 million in illegal profits by purchasing securities in companies that were soon to be acquired and […]
By Securities Docket on August 29, 2018, 11:54 am
“I apologize. Four years ago, I participated in insider trading, and I deeply regret it. I invested money with a former friend of mine who I thought I could trust and who I greatly admired. His background as a Harvard graduate and an employee of Goldman Sachs gave me a false sense of confidence. To […]
By Securities Docket on August 29, 2018, 10:03 am
The Securities and Exchange Commission today announced that Matthew S. Jacques has been named the new chief accountant in the SEC’s Division of Enforcement. via SEC.gov | SEC Names Matthew S. Jacques as Chief Accountant in Enforcement Division.
By Securities Docket on August 29, 2018, 7:55 am
Don’t expect the feds to get less interested in Tesla just because it has decided to stay public. “I think the SEC’s interest in Tesla has been heightened, so they’ll be kept under close watch,” says Stephen Diamond, who studies securities law and corporate governance at the Santa Clara University School of Law. In fact, […]
By Securities Docket on August 29, 2018, 7:54 am
The Martoma decision makes proving an intent to benefit the linchpin of the government’s case. A father helping his son avoid losing hundreds of thousands of dollars is a powerful motive to disclose confidential corporate information. That may be enough for a jury to infer that the telephone call from Mr. Collins is sufficient to […]