Daily Archives: January 17, 2019, 11:44 am

US government shutdown 2019 makes insider trading a bigger temptation — Quartz

John Stark, former chief of the SEC’s Office of Internet Enforcement, which monitors, among other things, online trading and investment activity, called the numbers “shocking” and predicts an increase in insider trading while enforcement staff is on furlough. “There will absolutely be people on Wall Street, and off of Wall Street, who believe they may be able to get away…

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STATEMENT REGARDING SEC OPERATIONS DURING A LAPSE IN APPROPRIATIONS

The Division of Enforcement continues to monitor for submissions to the Tips, Complaints, and Referrals (TCR) system that appear to allege conduct that may pose a risk of imminent harm to investors or our markets. Staff is available to handle emergency enforcement matters, including temporary restraining orders and/or imminent deadline concerns, or investigations of ongoing fraud or conduct that poses…

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SEC faces lawsuit over ‘gag orders’ in enforcement settlements | Compliance Week

The Cato Institute, a libertarian think tank, is suing the Securities and Exchange Commission in federal court to challenge its decades-old policy of imposing “gag orders” on settling defendants in civil enforcement actions. *** “The sole purpose of the gag regulation is to affect public perception of the SEC and the SEC’s enforcement activities,” the Cato lawsuit says. “It accomplishes its…

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