‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInRegulatory Moves Show Financial Watchdogs Working Smarter, if Not Harder – Lexology
The Commission is also analyzing “big data” to identify patterns of suspected insider trading. During a panel at the Securities Enforcement Forum 2019 on October 23, 2019, presented by Securities Docket, in Washington, D.C., Joseph Brenner, Chief Counsel of the SEC’s Enforcement Division, stated that 20% of the Commission’s insider trading cases are generated through […]
Australian Securities Class Action Suit Reaches Judgment for the First Time | The D&O Diary
Securities class action lawsuits have been an important part of the litigation scene in Australia for many years. But even though the current class action procedural regime has been in place since 1992, no Australian securities class action lawsuit ever went all the way to judgment – that is, no case ever went to judgment […]
Enforcement Co-Director Peikin touts self-reporting, creative remedies at Securities Docket conference
Steve Peikin, co-director of the SEC’s Division of Enforcement, recently participated in a panel discussion at the Securities Docket 2019 Enforcement Forum. Peikin addressed recent Division initiatives, such as its Share Class Selection Disclosure Initiative, as well as the SEC’s approach to remedies and settlements. via Jim Hamilton’s World of Securities Regulation: Enforcement Co-Director Peikin […]
Ex-Dealmaker for Uber Joins Fintech Startup Fundbox as Chief Legal Officer | Corporate Counsel
After Hamblet parted ways with Uber in August 2018, he spent the next five months “On the Beach (but looking!!),” according to his LinkedIn profile. He also did some work as a consultant for Uber and spent time with his family, he said Tuesday in an interview. “I was really just decompressing a bit,” he added. […]
Securities Suit Arising From Climate Change-Caused Conditions Hits Utility | The D&O Diary
Once again, wildfires are raging across the length of California, from San Francisco to Los Angeles. Once again, the electricity transmission facilities of PG&E are thought to have caused or contributed to at least some of the wildfires. And once again, in the wake of the wildfires, shareholders have launched a securities class action lawsuit […]
SEC enforcement cases of RIAs take two years, IG says | Financial Planning
The SEC is examining more RIAs than it has at any point in the past decade. Even so, the thinned agency is struggling to oversee the more than 13,200 firms managing $84 trillion under its purview. Agency officials have said as much: The SEC’s latest annual performance review cites the notable rise in the share […]
Recent Cyber Attacks Target Asset Management Firms – Lexology
A recent flurry of cyber attacks on asset managers should remind asset management firms and other financial institutions that they are attractive targets for cyber-exploitation and need to remain vigilant and institute appropriate preventative controls and monitoring procedures, as well as post-attack action plans. Many companies still see cyber attacks as one-off, anomalous events. But […]
Dispatches from Securities Enforcement Forum 2019 – Radical Compliance
Several hundred securities enforcement professionals gathered in Washington on Wednesday for the 2019 Securities Enforcement Forum. Radical Compliance couldn’t be there in person, so we gathered a bundle of dispatches from social media to give a flavor of what was discussed. After all, when under SEC investigation, you want the experience to be as enjoyable […]
Accomplished Team of Financial Regulation and Enforcement Partners Join Baker McKenzie | Newsroom | Baker McKenzie
Baker McKenzie has added four new partners to its North America Litigation & Government Enforcement practice: Amy J. Greer, based in New York and Washington, DC; Jennifer L. Klass, based in New York; Peter K.M. Chan, based in Chicago; and A. Valerie Mirko, based in Washington, DC. Amy, Jen and Peter join the Firm from […]
The Securities Hype: First of its kind, but not the last – Lexology
Australia has had a class action regime since 1992. Despite all of the claims activity in the time since with around 120 actions commenced, no securities class action has proceeded to judgment in Australia. That changed yesterday, with judgment being delivered in the Myer shareholder class action. Whilst the Court found that Myer had breached […]