‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInThe SEC v. Mark Cuban
…. The SEC’s case against Cuban raises questions focusing on the scope of this nation’s insider trading laws, the strategic litigation decisions made, the significant costs of defending one’s good reputation, and the proper limits of governmental prosecutorial discretion. via The SEC v. Mark Cuban.
The Real Lessons of Bernie Madoff’s Crimes | The Crime Report
In Bernie Madoff and the Crisis: the Public Trial of Capitalism (Stanford University Press), Eren suggests that the focus on Madoff as the incarnation of financial corruption ignores the economic culture that has allowed him and other white-collar fraudsters to flourish. And his role in the Wall Street meltdown is poorly understood. “In some people’s […]
An Insider-Trading Tale That Reads Like a Thriller – The New York Times
If you’ve kept up with the headlines about Cohen over the years, you know the ending of Kolhatkar’s tale in advance: The government never brings a case against him. That reality, to some degree, gets in the way of an otherwise good story — and in the end makes it not nearly as satisfying as […]
How Steven Cohen survived an insider trading scandal — FT
Sheelah Kolhatkar, a New Yorker writer who has doggedly followed the SAC Capital story — the biggest Wall Street insider trading scandal since Ivan Boesky was jailed in the late 1980s — sheds plenty of light on how the hedge fund became “very blessed”. It’s a murky tale that reflects extremely badly both on Cohen […]
HFT critic Michael Lewis ‘dead wrong:’ Author — CNBC
“Michael Lewis got it wrong when he said that high-frequency traders are front running the public market. What he alleged is simply impossible. Today’s markets don’t work that way,” Peter Kovac, author of “Flash Boys: Not So Fast,” said in an interview Monday with CNBC’s “Closing Bell.” via HFT critic Michael Lewis ‘dead wrong:’ Author — […]
Flash Boys beware: SEC chills high-frequency trading | New York Post
The Securities and Exchange Commission adopted new rules on Wednesday to keep exchanges and so-called “dark pools” safer by requiring more safeguards — a shift that will put more regulation on high-frequency trading platforms. via Flash Boys beware: SEC chills high-frequency trading | New York Post
Doing Compliance –The Book | FCPA Compliance and Ethics Blog
I have consistently tried to bring a ‘Nuts and Bolts’ approach to my writing about compliance. Last year when describing some of my writing on the building blocks of a Foreign Corrupt Practices Act (FCPA) compliance program to my friend Mary Flood, she said “That’s great but what about actually doing compliance?” … Her idea […]