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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInFormer FINRA SVP and Chief Counsel for Enforcement Joins Katten | Markets Insider
Katten Muchin Rosenman LLP announced today that Susan Light, a highly regarded securities regulatory enforcement leader, has joined the firm as a partner in its Financial Services practice in New York. via Former FINRA SVP and Chief Counsel for Enforcement Joins Katten | Markets Inside
California to require women on corporate boards — AP
California has become the first state to require publicly traded companies to include women on their boards of directors, one of several laws boosting or protecting women that Gov. Jerry Brown signed Sunday. The measure requires at least one female director on the board of each California-based public corporation by the end of next year. […]
How the S.E.C. Is Trying to Push Traditional Corporate Governance Upon Tesla – The New York Times
For the S.E.C., this is one of its highest-profile cases in recent years. Just issuing a monetary penalty could have reinforced the perception that the agency has lost its edge as Wall Street’s top cop. With the removal of Mr. Musk as chairman, the S.E.C. avoids that reputational hit. The penalty is a step toward […]
The S.E.C. Can’t Change Elon Musk – The New York Times
The company’s policing of Mr. Musk’s communications with the outside world may be the largest change, given how much trouble his tweets have caused. But little has changed so far: He emailed Tesla employees on Sunday to promise that Tesla could turn a profit soon. And this morning he tweeted a link to the music […]
Cyber Lessons from the SEC?
Public companies worried about cybersecurity risk would be well served to pay attention to a recent crackdown by the U.S. Securities and Exchanges Commission on the use of automated technology to detect investment advisor fraud. A recent settlement with Ameriprise Financial Services Inc., a registered investment adviser and broker dealer, suggests that the Commission isn’t […]
SEC closes out fiscal year with 27 charges
The Securities and Exchange Commission announced 27 charges against companies and individuals — likely the biggest single day of enforcement actions for the year, by volume, according to a review of SEC actions. via SEC closes out fiscal year with 27 charges.
SEC Charges Walgreens and Two Former Executives With Misleading Investors About Forecasted Earnings Goal
The Securities and Exchange Commission today charged Walgreens Boots Alliance Inc., former CEO Gregory Wasson, and former CFO Wade Miquelon with misleading investors about increased risk that the company would miss a key financial goal announced when Walgreen Co. entered into a merger with Alliance Boots GmbH in 2012. Walgreens agreed to pay a $34.5 […]
Elon Musk Settles SEC Fraud Charges; Tesla Charged With and Resolves Securities Law Charge
The Securities and Exchange Commission announced today that Elon Musk, CEO and Chairman of Silicon Valley-based Tesla, Inc., has agreed to settle the securities fraud charge brought by the SEC against him last week. The SEC also today charged Tesla with failing to have required disclosure controls and procedures relating to Musk’s tweets, a charge […]
The SEC/Musk/Tesla Settlement: The Dawning of a New Era of SEC Internet Enforcement | LinkedIn
The SEC complaint against Elon Musk and the settlement that followed seems like an obvious, routine and easy win for the government. But there is a lot more to the Tesla tweet debacle than meets the eye. The SEC complaint against Musk signals a new and aggressive era of SEC Enforcement and the Internet. via The SEC/Musk/Tesla […]