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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInCommission Statement on the Passing of Former Chairman Harvey Pitt
We mourn the passing of Harvey Pitt, the 26th Chairman of the Securities and Exchange Commission. Harvey loved this agency, dating back to his time right out of law school serving as a staff attorney in the Office of General Counsel (OGC). He continued to serve the Commission for a decade, advising former Commissioner Francis […]
Baker Donelson Adds Former DOJ Prosecutor and SEC Enforcement Division Senior Counsel Ferdose al-Taie to Government Enforcement and Investigations Group | Baker Donelson
Ferdose al-Taie, a former Department of Justice (DOJ) prosecutor and U.S. Securities and Exchange Commission (SEC) Division of Enforcement senior counsel, has joined Baker Donelson as a shareholder in the Firm’s Government Enforcement and Investigations Group. Source: Baker Donelson Adds Former DOJ Prosecutor and SEC Enforcement Division Senior Counsel Ferdose al-Taie to Government Enforcement and […]
Former Wells Fargo Senior Executive Carrie Tolstedt Agrees to Settle SEC Fraud Charges for Misleading Investors About Abusive Sales Practices to Inflate a Key Performance Metric
The Securities and Exchange Commission today announced its settlement with the former head of Wells Fargo & Co.’s Community Bank, Carrie L. Tolstedt, in which she has agreed to pay a $3 million penalty stemming from charges brought in 2020 for her role in allegedly misleading investors about the success of the Community Bank, Wells […]
SEC Queries Private Equity Firms That Yanked Cash as Silicon Valley Bank Failed – Bloomberg
A top US financial regulator is inquiring about how private equity firms steered deposits, including client funds, out of Silicon Valley Bank before its collapse. The Securities and Exchange Commission’s examinations unit has requested records of some investment firms’ money transfers and investor communications over the first three weeks of March, as well as emails […]
Company Insiders Made Billions Before SPAC Bust – WSJ
The SPAC boom cost investors billions. Insiders in the companies that went public were on the other side of the trade. Executives and early investors in companies that went public via special-purpose acquisition companies sold shares worth $22 billion through well-timed trades, profiting before share prices collapsed. Some of the biggest winners were Detroit Pistons […]