‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInDespite Commissioners’ ‘Dissent’ in WSJ, SEC Argues For Fair Fund in SAC Case | Compliance Week
Despite a public “dissent” by two Commissioners’ in a WSJ op-ed, the SEC argued in court filing today that a Fair Fund in the SAC Capital case would be feasible and would not be diminished by attorneys’ fees. via Despite Commissioners’ ‘Dissent’ in WSJ, SEC Argues For Fair Fund in SAC CAse | Compliance Week
SEC Seeks to Distribute $602 Million in SAC Capital Settlement to Investors | Compliance Week
The SEC will reportedly attempt to distribute the funds from its $602 million insider trading settlement with SAC Capital to the people who were on the other (losing) side of those trades. via SEC Seeks to Distribute $602 Million in SAC Capital Settlement to Investors | Compliance Week.
SAC’s Insider Trading ‘Victims’ Push for Share of $602 Million Settlement | Compliance Week
SAC Capital’s alleged insider trading that led to a $602 million settlement with the SEC is discussed in detail in the excellent piece in The New Yorker that I recommended earlier this week. Now the SEC is faced with another question: what should it do with that $602 million? via SAC’s Insider Trading ‘Victims’ Push for Share […]
The SEC Record of Small and Big Bucks – MoneyBeat – WSJ
A forthcoming academic study has done just that for one regulator, tracking the money investors have received from the Securities and Exchange Commission’s efforts to punish frauds and other financial crimes. The results of the research, to be published in the Stanford Law Review in 2015, cast the SEC’s performance in an interesting light: The […]
Mississippi Faults SEC For Delays in $100 Million Morgan Keegan Settlement Distribution – Compliance Week
Morgan Keegan investors have waited over two years for the SEC to distribute a $100 million Fair Fund settlement. The wait has led several Morgan Keegan victims in Mississippi to file a lawsuit against the SEC over the delay, and today the Mississippi Secretary of State filed its own Amicus Curiae brief in support of […]
GAO Rules SEC May Not Add Post-Judgment Interest to Distribution Funds for Investors
Decision on post-judgment interest means less money to injured investors, more money to the U.S. Treasury.
Distribution of $113 Million Fair Fund Underway in SEC’s Shell Settlement
Settlement funds going out to more than 84,000 investors in the U.S. and 56 other countries.
SEC Distributes First Wave ($185 Million) of Funds in Prudential Securities Settlement
SEC distributes first wave of $185 million in Prudential Securities settlement.
$67 Million in SEC Settlements Distributed to McAffee Investors
Fair Fund distribution goes out to nearly 16,000 harmed investors.
SEC Distributes $418 Million to Invesco Investors
SEC announces $418 million distribution in Invesco-related settlements.