Daily Archives: January 8, 2019, 11:46 am

Former PCAOB Director of Enforcement and SEC, DOJ Veteran Claudius Modesti Joins Akin Gump

Akin Gump is pleased to announce that Claudius Modesti, former Director of Enforcement at the Public Company Accounting Oversight Board (PCAOB), has joined Akin Gump as a partner in its white collar defense and government investigations practice in Washington, D.C. Mr. Modesti, prior to a 14-year tenure at the PCAOB, also served with the Fraud Section of the Department of…

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2019 is year of the algorithm for the SEC

In 2016, the SEC said it would begin auditing robo-advisers for compliance with securities laws, and in February 2017, the SEC issued an investor bulletin and guidance on the topic. Now, in two separate cases, the SEC has made the point that using an algorithm does not relieve investment advisers of their obligations under the federal securities laws. via 2019…

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US court rejects Goldman Sachs Rajat Gupta’s bid to overturn insider-trading conviction – The Economic Times

The Second Circuit Court of Appeals, in an order issued Monday, said “we have considered all of Gupta’s arguments on this appeal and have found them to be without merit. The judgment of the district court is affirmed.” Gupta, 70, is a free man now after completing a prison term in 2016 on insider trading charges but has been fighting…

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