Daily Archives: March 2, 2020, 11:54 am

FCPA Conviction Verdict of Former Alstom SA Exec. Tossed

On February 26, 2020, Judge Janet Bond Arterton, a federal judge for the District of Connecticut, overturned a former Alstom SA executive’s conviction under the Foreign Corrupt Practices Act (FCPA) relating to a project to build power plants in Indonesia. Judge Arterton found that, despite a jury verdict to the contrary, prosecutors failed to prove that Lawrence Hoskins, a British…

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Antonia Chion, Associate Director of SEC’s Enforcement Division, to Retire After 32 Years of Service

The Securities and Exchange Commission today announced that Antonia Chion, an Associate Director of the Division of Enforcement in the Home Office, is retiring after 32 years at the agency. During her three-decade tenure, Ms. Chion has overseen hundreds of enforcement investigations and actions arising from all aspects of the SEC’s regulatory and enforcement programs, including numerous matters of first impression.…

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Judicial Inconsistency Frustrates Purpose of Insider Trading Law, Rakoff Says | New York Law Journal

U.S. District Judge Jed S. Rakoff of the Southern District of New York, in an interview with former Manhattan U.S. Attorney Preet Bharara, on Friday criticized the “judge-made” nature of federal insider trading law and called on Congress to address various “difficulties” that had been created by inconsistent court rulings. Rakoff, a 24-year veteran of the U.S. District Court for the Southern…

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