‘Enforcement 40’ for 2020
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By Securities Docket on May 29, 2019, 7:52 am
Eike Batista, once the richest man in Brazil, has been fined around $134 million for insider trading, the securities commission said Monday, as the ex-billionaire remains under house arrest pending an appeal against a 30-year jail sentence. Apart from the fine, the 62-year-old also was banned for seven years from running a publicly traded company. […]
By Securities Docket on May 29, 2019, 7:40 am
Schneider previously served as the associate regional director in the office under prior director Jina Choi. Choi, who left the director’s post last year, has since joined Morrison & Foerster as a partner. via SEC Taps Veteran Enforcement Lawyer to Head San Francisco Regional Office | The Recorder.
By Securities Docket on May 29, 2019, 7:39 am
The Securities and Exchange Commission today announced that Erin E. Schneider has been named Director of the San Francisco Regional Office. Ms. Schneider joined the SEC staff in 2005 as a staff attorney in the San Francisco office. She was promoted to Assistant Regional Director of the Enforcement Division’s Asset Management Unit in 2012 and […]
By Securities Docket on May 29, 2019, 7:13 am
Loretta Lynch, who served as U.S. attorney general during the last two years of the Obama administration, has moved to Paul, Weiss, Rifkind, Wharton & Garrison, the firm announced Tuesday. via Ex-Attorney General Loretta Lynch Joins Paul Weiss | The American Lawyer.
By Securities Docket on May 24, 2019, 1:29 pm
The Securities and Exchange Commission awarded more than $4.5 million to a whistleblower whose tip triggered the company to review the allegations as part of an internal investigation and subsequently report the whistleblower’s allegations to the SEC and another agency. The whistleblower sent an anonymous tip to the company alleging significant wrongdoing and submitted the […]
By Securities Docket on May 23, 2019, 12:58 pm
Warren Buffett, perhaps the most celebrated investor ever known, refers to bitcoin as “rat poison squared.” I disagree. Bitcoin is worse than rat poison – it is more akin to the plague and mayhem that rats can spread if not properly contained. Now the bitcoin plague has spread to U.S. shopping malls. via The Bitcoin […]
By Securities Docket on May 23, 2019, 7:59 am
The House Committee on Financial Services recently approved a bill, the Insider Trading Prohibition Act, which creates a statutory definition of insider trading in response to what Rep. Jim Himes, D-Conn., called a “judicial mess” of court decisions on the subject. This “judicial mess” exists, of course, because Congress has never adopted an explicit prohibition […]
By Securities Docket on May 23, 2019, 7:57 am
Liu Shiyu, China’s former securities regulator, is being investigated for allegedly fast-tracking initial public offerings (IPOs) of small banks in his hometown and also of having family members who bought bonds at below-market prices, according to sources and media reports. via China’s former securities regulator Liu Shiyu is probed over family members’ alleged insider trading […]
By Securities Docket on May 21, 2019, 9:38 am
Andrew G. McBride, a former federal prosecutor and nationally recognized trial and appellate lawyer with more than two decades of experience representing corporate clients and individuals, has joined McGuireWoods’ Government Investigations & White Collar Litigation Department as a partner in Washington, D.C. via Former Federal Prosecutor Andrew G. McBride Joins McGuireWoods as Washington Partner | […]
By Securities Docket on May 20, 2019, 9:59 am
Another SEC crypto-crackdown is in the works with a brand new target: the so-called initial exchange offering, or “IEO.” But what the heck is an IEO? Not to be confused with initial coin offerings (or “ICOs”), an IEO is a crypto-financing model offered and administrated via a cryptocurrency trading platform on behalf of a company (typically […]