‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInUS prosecutors charge three men in US$364 million Ponzi scheme – Reuters
Federal prosecutors have accused three men of portraying themselves as investment professionals and using a phony portfolio of consumer debt to defraud hundreds of unwary investors out of tens of millions of dollars as part of a US$364 million Ponzi scheme. via US prosecutors charge three men in US$364 million Ponzi scheme – Reuters
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 […]
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 […]
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 […]