Daily Archives: September 20, 2018, 12:42 pm

Labaton’s Whistleblower Group Lands Former Top SEC Lawyer | The American Lawyer

Levine, a former longtime associate general counsel for legal policy at the SEC, will focus his efforts on representing whistleblowers in front of the agency in his new role as a partner at Labaton in Washington, D.C. Levine’s hire lands him among other former SEC officials already in Labaton’s five-partner whistleblower practice, including the group’s leader, Jordan Thomas, who started the practice…

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SEC Says Don’t Judge Its Enforcement Strength Solely on Volume of Cases, Fines – WSJ

The Securities and Exchange Commission is still policing wrongdoers, even if the volume of its enforcement actions and dollar amount of its fines drop this year, Stephanie Avakian said Thursday in remarks prepared for a conference in Dallas. The SEC rejects the premise “that numbers—standing alone —can adequately measure the success or impact of an enforcement program,” said Ms. Avakian,…

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Madoff Tipster Has Some Big Concerns About SEC’s Whistleblower Proposal | National Law Journal

Markopolos, representing himself, voiced concern about proposed “interpretive guidance” that says independent analysis must go “beyond what would be reasonably apparent to the commission from publicly available information” in order to be worthy of a whistleblower award. That proposed change, Markopolos said, could allow the SEC, with the benefit of “20/20 hindsight,” to stiff an outside analyst on the grounds…

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