‘Enforcement 40’ for 2020
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By Securities Docket on February 17, 2016, 3:22 pm
Today, the SEC announced that it has filed a settled administrative proceeding against Charles P. Grom, a former Deutsche Bank research analyst, for allegedly certifying a rating on a stock that was inconsistent with his personal view. The SEC alleged that Grom’s conduct violated the analyst certification requirement of Regulation Analyst Certification (“Reg AC”). via SEC dusts off Reg AC […]
By Securities Docket on December 12, 2014, 8:51 am
The Financial Industry Regulatory Authority (FINRA) announced today that it has fined 10 firms a total of $43.5 million for allowing their equity research analysts to solicit investment banking business and for offering favorable research coverage in connection with the 2010 planned initial public offering of Toys”R”Us. via FINRA Fines 10 Firms a Total of […]
By Securities Docket on September 30, 2014, 3:10 pm
In two cases filed this week as the SEC’s fiscal year 2014 comes to a close, the SEC delivered a sharp reminder to financial analysts (and their friends!) that market-moving ratings changes by financial institutions need to remain confidential until they are publicly announced. via As FY 2014 Closes, SEC Brings Two Cases Based on […]
By Securities Docket on June 2, 2011, 3:06 am
Analyst “sued, fired and stripped of compensation” after negative report.
By Securities Docket on January 4, 2010, 4:23 pm
Academic study finds analysts generally do not provide meaningful investment advice for investors.
By Securities Docket on October 2, 2009, 3:33 pm
Hertz sues Audit Integrity for “incomplete and misleading conclusions.”