‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInEnforcement Director Stephanie Avakian To Conclude Tenure After Four Years Leading the Division
The Securities and Exchange Commission today announced that Division of Enforcement Director Stephanie Avakian will conclude her tenure by the end of the year. Ms. Avakian, who began her career at the SEC, leaves the agency after leading the Enforcement Division over the last four years as Co-Director and then Director. Source: SEC.gov | Enforcement […]
Guest Post: Event Driven Securities Litigation: The New Driver in Class Action Growth | The D&O Diary
Social and environmental disasters, such as the #MeToo movement, the Deepwater Horizon oil spill, the opioid crisis, data privacy breaches with a vast number of companies such as Yahoo! Inc., Equifax, Inc., are well covered events in the news. These events impact peoples’ lives and many perceive a correlation between these events and civil litigation […]
Preet Bharara, Gary Gensler top list of potential picks for SEC chair – The Washington Post
Wall Street is bracing for the incoming Biden team to name the industry’s top cop. And so far, the list of candidates for the job of chairing the Securities and Exchange Commission has the industry justifiably worried. Two at the top of the list — Preet Bharara, the former U.S. Attorney for the Southern District […]
Sullivan & Cromwell adds another ex-regulator with former CFTC enforcement chief hire | Reuters
James McDonald, who in October stepped down as enforcement director of the U.S. Commodity Futures Trading Commission, is joining Sullivan & Cromwell as a partner in its securities and commodities investigations and enforcement practice on Jan. 1. Source: Sullivan & Cromwell adds another ex-regulator with former CFTC enforcement chief hire | Reuters
General Electric Agrees to Pay $200 Million Penalty for Disclosure Violations
The Securities and Exchange Commission today announced that General Electric Co. (GE) has agreed to pay a $200 million penalty to settle charges for disclosure failures in its power and insurance businesses. In 2017 and 2018, GE’s stock price fell almost 75% as challenges in its power and insurance businesses were disclosed to the public. […]