Daily Archives: May 13, 2020, 6:33 pm

Blog: SEC Enforcement Co-Director discusses COVID-19-related enforcement priorities | Cooley LLP – JDSupra

In his keynote address to Securities Enforcement Forum West 2020, SEC Enforcement Co-Director Steven Peikin discussed some of the efforts of  the Division of Enforcement to detect misconduct arising out of the COVID-19 pandemic and related market disruption, including the formation of a steering committee to proactively identify and monitor areas of potential misconduct.  Of particular interest here are the…

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Kelly Loeffler considers SEC ‘Hail Mary’ over stock sales | Fox Business

People close to Loeffler are advising her to meet directly with securities regulators including those at the Securities and Exchange Commission, Wall Street’s top cop, and make her case that the stock sales were not based on illegal “insider” information. The game plan is to get regulators to publicly state that Loeffler’s stock sales were legal and that their blessing would end the…

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SEC Watching for Signs Companies May Blame Old Problems on Virus

“We’re all very aware of the challenges that companies and individuals are facing during this time with regard to financial reporting, accounting, and auditing. We’re also very much aware of the history of economic downturns and how these situations can reveal past errors or frauds,” said Matt Jacques, chief accountant for the Division of Enforcement at the Securities and Exchange…

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