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By Securities Docket on November 14, 2014, 6:01 pm
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
By Securities Docket on November 6, 2014, 10:19 am
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.
By Securities Docket on October 10, 2014, 8:47 am
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 […]
By Securities Docket on April 30, 2014, 7:43 am
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 […]
By Securities Docket on August 14, 2013, 5:42 pm
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 […]
By Securities Docket on April 4, 2012, 3:46 pm
Decision on post-judgment interest means less money to injured investors, more money to the U.S. Treasury.
By Securities Docket on April 30, 2010, 1:14 pm
Settlement funds going out to more than 84,000 investors in the U.S. and 56 other countries.
By Securities Docket on March 26, 2010, 3:13 pm
SEC distributes first wave of $185 million in Prudential Securities settlement.
By Amanda Harding on February 26, 2010, 2:22 pm
Fair Fund distribution goes out to nearly 16,000 harmed investors.