Daily Archives: December 6, 2018, 6:15 pm

S&P analyst must face insider trading charges over merger of paint makers | Reuters

A federal judge in Manhattan on Thursday rejected requests by a Standard & Poor’s credit ratings analyst and a friend to dismiss criminal insider trading charges related to the $9.3 billion merger of paint makers Sherwin-Williams Co and Valspar Corp. U.S. District Judge Jed Rakoff said the indictment’s failure to allege that the analyst Sebastian Pinto-Thomaz and Jeremy Millul, a…

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SEC and CFTC FY2018 Results: Looking Back . . . and Looking Forward – Securities Law PerspectivesSecurities Law Perspectives

Earlier this month, the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission issued their annual reports about their Divisions of Enforcement results for fiscal year 2018. Analyzing these reports is a helpful way for us to learn from the recent historical enforcement efforts by both financial regulatory agencies. Also, both reports provide guidance about the divisions’…

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Marriott: The Case for Cybersecurity Due Diligence During M&A – Security Boulevard

In September 2016, Marriott International announced that it had completed the acquisition of Starwood Resorts & Hotels Worldwide, creating the largest hotel company in the world. In its press release, Marriott specifically touted the best-in-class loyalty program that the two brands, combined, could now offer members. What Marriott International executives didn’t realize was that hackers had gained unauthorized access to…

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