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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInASIC chairman Greg Medcraft wants tougher penalties for white collar criminals – ABC News
The corporate watchdog wants tougher penalties for white collar criminals after complaints that recent sentences have been out of step with community expectations.The proposed crackdown comes after the former chief executive of Gunns was fined only $50,000, despite making $3 million from insider trading. via ASIC chairman Greg Medcraft wants tougher penalties for white collar […]
SEC Practice In Targeting and Penalizing Individual Defendants — Harvard Law School Forum on Corp. Gov. and Fin. Reg.
…. We have recently completed, and intend to maintain, a database of SEC enforcement practices, and in this post, we shed some factual light on what the SEC actually does with respect to prosecuting and penalizing individual and corporate defendants. Specifically, we answer three questions: First, who does the SEC name as defendants—high level executives, […]
SEC Takes Oddly Aggressive Stance on Payment of Monetary Sanctions — Cady Bar the Door
When Mary Jo White was installed as the SEC’s chair in April, I thought she would be extremely competent at her new role, but that her tenure would not necessarily change the Commission dramatically from that of her predecessor Mary Schapiro. Four months in, the record has some hints that White is actually putting her […]
SEC enforcement: What has gone wrong? — CLS Blue Sky Blog
Prof. John C. Coffee, Jr. on a “disturbingly persistent pattern” that has emerged in U.S. Securities and Exchange Commission enforcement cases.
SEC’s Schapiro Analyzes Enforcement Program, Lobbies for SEC Penalties Act
SEC Chair Mary Schapiro lobbies for a pending bill that would provide the agency with greater penalty authority.
Don’t Let the SEC Punish Too Harshly – Bloomberg View
The ink is barely dry on the 2010 Dodd-Frank financial-reform law, but Congress is already considering new legislation that would grant the Securities and Exchange Commission its latest wish list of much higher financial penalties, especially against recidivists…. There is scant evidence that increasing penalties again would improve deterrence or financial compliance, but that is […]
DOJ To Receive $17.2M Foreign Bribery Penalty From Device Maker
Biomet Inc. agrees to pay $17.2 million criminal penalty in foreign bribery case.
The Limits of Bigger Penalties in Fighting Financial Crime
“The real difficulty lies in gathering evidence to prove a crime took place.”
SEC Obtains Record $92.8 Million Penalty Against Raj Rajaratnam
Court finds Rajaratnam finds liable for a $92 million civil monetary penalty in SEC insider trading case.