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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInThe SEC Seeks to Supplant the Market – WSJ
The SEC’s mandate is vital but limited. Securities laws empower the commission to combat market abuses and fraud and to ensure that investors have material information to make their own investment judgments. As President Franklin D. Roosevelt explained when signing the Securities Act of 1933, “It is, of course, no insurance against errors of judgment. […]
More Major Justice Dept. News – Radical Compliance
Corporate compliance officers, drop everything. We have a second speech from the Justice Department about corporate misconduct and compliance programs that needs your immediate attention. Assistant attorney general Kenneth Polite gave the speech in Texas on Friday. It follows the speech that his boss, deputy attorney general Lisa Monaco, gave one day earlier in New […]
April 26 Webcast: Securities Regulation of Digital Assets
Please join Alma Angotti, Gino Soave, Martine Beamon and Jai Massari for this free webcast.
$26 billion in fines and 28 jail sentences: How global regulators are cracking down on financial crime – Business Insider Nordic
Almost 80% of fines between 2012 and Q3 2017 were issued by US regulators, the majority of which (85%) related to market abuse and disclosure. The UK’s Financial Conduct Authority (FCA) accounted for $3.1 billion (£2.2 billion) of the conduct fines handed out over the same period. via $26 billion in fines and 28 jail […]
In the Murky World of Bitcoin, Fraud Is Quicker Than the Law – NYTimes.com
The call went out on Twitter: “For insane profits come and join the pump.” It was an invitation to a penny stock-style pump-and-dump scheme — only this one involved Bitcoin, the soaring, slightly scary virtual currency that has beckoned and bewildered people around the world. While such bid ’em up, sell ’em off scams are […]
New rule could turn U.S. hedge funds into informers
U.S. financial regulators are pushing to turn hedge funds into informers on the white collar crime beat. The Financial Crimes Enforcement Network (FinCEN) is working on a rule that would require U.S. hedge funds to file formal reports notifying U.S. authorities of any suspicious trading by employees or outside parties, the regulatory agency said. The […]
Google’s Announcements on Financial Performance Now Exclusively Released On Its IR Website
Google will make financial disclosures exclusively on this “recognized channel.”
SEC Considers Requiring Detailed Findings of Investigations in Settlement Agreements
The agency may require detailed findings in settlement agreements.
Two Finra Merger Cases Dismissed
Judge Rakoff cites absolute immunity of NASD in its regulatory function.
IOSCO Releases Template for Hedge Fund Regulation
IOSCO sets forth new required disclosures for hedge fund regulators to enforce.