‘Enforcement 40’ for 2020
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By Securities Docket on July 7, 2021, 4:42 pm
Please join Emmanuel Ayuk, Veeral Gosalia, Irumire (David) Okhumale, and Alex Semertzides for this free webcast.
By Securities Docket on July 24, 2020, 11:45 am
Finablr has appointed law firm Skadden to help investigate potential wrongdoing and theft within the payments group as it seeks answers about £1bn of undisclosed debt discovered on its balance sheet earlier this year. UAE-based Finablr is part of the business empire of BR Shetty, who floated the group in London last year at a […]
By Securities Docket on February 14, 2020, 9:05 am
Tesla received a subpoena in December from the Securities and Exchange Commission asking the electric-car maker to turn over information about its financial data and contracts, the company said in a filing with the agency on Thursday. In the filing, Tesla also said the S.E.C. had closed a separate investigation into projections and statements the […]
By Securities Docket on October 25, 2019, 8:02 am
Snap Inc said on Wednesday that the U.S Department of Justice and the Securities and Exchange Commission were no longer investigating whether the company misled investors at the time of its March 2017 initial public offering. via Snap says DOJ, SEC drop probe on IPO disclosures – Reuters.
By Securities Docket on August 4, 2018, 11:40 am
The Securities and Exchange Commission has dropped its probe into whether ExxonMobil misled investors about climate change, the latest blow to the environmental movement’s bid to pin global warming on the oil-and-gas industry. via SEC drops Exxon climate-change probe in latest blow to #ExxonKnew campaign – Washington Times.
By Securities Docket on November 3, 2016, 9:24 am
Wells Fargo has confirmed the existence of an investigation by the Securities and Exchange Commission into its sales practices, and the bank revealed that it has almost doubled funds set aside to deal with its ongoing legal problems. via SEC Probes Wells Fargo, Bank Ups Legal Reserves Fund – The New York Times
By Securities Docket on September 8, 2016, 10:14 am
The SEC’s increasingly sophisticated ability to, in Friestad’s words, connect “patterns of trading to sources of material nonpublic information,” therefore, should sound as an alarm bell to professional traders and portfolio managers whose otherwise innocent trading may come under enhanced scrutiny, and to compliance departments tasked with administering information controls, reviewing employee personal trading and […]
By Securities Docket on May 26, 2016, 8:43 am
The drinks were flowing in Miami Beach that evening when Wall Street’s top cop crashed the party. As dealmakers crowded around the sleek circular bar at the Fontainebleau hotel in Miami last September, folks from the Securities and Exchange Commission were mingling, looking for their next big case. via At Swinging Wall Street Parties, the […]
By Securities Docket on December 10, 2014, 9:21 am
I was on a panel at a law firm event last week during which I was asked to make some predictions for 2015. Among other things, I said that I thought we would see an increase of securities class action lawsuit filings following in the wake of regulatory investigations, especially bribery investigations. I also said […]
By Securities Docket on October 15, 2014, 6:03 am
Daniel Hawke, chief of the market abuse unit at the SEC, told the Securities Enforcement Forum at the Four Seasons Hotel the agency is taking a trader-based approach to surveillance. “The way is to turn the approach upside down in a way that would reveal relationships,” Hawke said, adding that they look at the relationships […]