‘Enforcement 40’ for 2020
Our Sponsors
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedInAn Insider-Trading Ruling That Delights Prosecutors—and One Manhattan Judge – The New Yorker
Last week, prosecutors rejoiced when the U.S. Supreme Court decided an insider-trading case called Salman v. United States, and in doing so clarified that leaking confidential information so that friends and relatives can make money in the stock market is a crime, even when the leaker doesn’t get an economic benefit. Perhaps the person most […]
Judge Rakoff’s New Securities Law Focus: Re-Defining Insider Trading | Compliance Week
Having already left his mark on how the SEC handles settlements, U.S Judge Jed Rakoff now appears to be focused on another key securities enforcement issue: the definition of insider trading. via Judge Rakoff’s New Securities Law Focus: Re-Defining Insider Trading | Compliance Week
Rakoff: Separate insider trading laws needed for criminal, civil cases | Reuters
Days after calling for Congress to define insider trading, U.S. District Judge Jed Rakoff has expanded on his views, saying two different laws are needed to separately cover criminal and civil wrongdoing. via Rakoff: Separate insider trading laws needed for criminal, civil cases | Reuters
Influential U.S. judge calls on Congress to define insider trading
On Monday, U.S. District Judge Jed Rakoff of Manhattan got up onto his well-worn soapbox to suggest that if Congress wants to protect U.S. markets from inside traders, lawmakers ought to specify when it is illegal to trade on confidential information. via Influential U.S. judge calls on Congress to define insider trading
Debate Continues on SEC Enforcement Tactics – Risk & Compliance – WSJ
Speaking Friday during a panel on securities enforcement at a conference in New York at Columbia Law School, Mr. Rakoff said civil judicial proceedings before the administrative judges have less due process, no jury and very few limits on evidence, in addition to being played on the SEC’s home turf. via Debate Continues on SEC […]
Judge Rakoff Wants Someone to Pay – Bloomberg
Rakoff is the iconoclastic U.S. District Court judge who’s been at the heart of some of the most significant trials stemming from the financial crisis. And what he really wanted to know is why more there haven’t been more criminal prosecutions of top financial executives (the very ones who, not coincidentally, made many of the […]
Securities Enforcement: 2013 Report Card
The irony here should not be missed. In the Citigroup case, the SEC is insisting that Rakoff must enjoin Citigroup (which is already subject to multiple SEC injunctions), but in the Falcone case, the SEC appears to be waiving any injunction against an arguably more culpable controlling person who will retain control of a public […]
Judge Rejects SEC Settlement With ‘Defiantly Mute’ Defendants
One more judge disagrees with the SEC’s “neither admit nor deny” settlement policy.
Jed Rakoff: The judge who rules on business – Fortune
Sitting judges rarely give interviews. But the 69-year-old Rakoff, a former prosecutor and white-collar defense lawyer who was appointed by President Clinton in 1996, sat down recently with Fortune in his chambers in the U.S. courthouse in lower Manhattan. While Rakoff would not discuss the Gupta case because an appeal is pending, he made clear […]
Judge Rakoff and the Emperor’s New Clothes — Crime In The Suites
Judge Rakoff’s Gupta sentence and the application of the Sentencing Guidelines.