‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInBillion-Dollar Retirement Scam: Who Ya Gonna Call? SEC, CFTC?
As a former SEC attorney with more than a little experience in whistleblower matters, I suspect I will soon learn, in connection with filing a whistleblower complaint on the above mentioned billion-dollar retirement scam, whether or not the SEC is truly monitoring tips that pose imminent harm to investors. But the larger point is, for the […]
No-loss hedge fund got sued by the SEC, then the shutdown hit – Pensions & Investments
The Meyer enforcement action highlights that in ways both big and small, the longest-ever government shutdown is making it difficult for federal agencies to do their jobs. At the SEC, a crucial responsibility is protecting investors from fraud. With the regulator’s staff shrinking to about 300 from more than 4,500, it’s all but stopped opening […]
US government shutdown 2019 makes insider trading a bigger temptation — Quartz
John Stark, former chief of the SEC’s Office of Internet Enforcement, which monitors, among other things, online trading and investment activity, called the numbers “shocking” and predicts an increase in insider trading while enforcement staff is on furlough. “There will absolutely be people on Wall Street, and off of Wall Street, who believe they may […]
STATEMENT REGARDING SEC OPERATIONS DURING A LAPSE IN APPROPRIATIONS
The Division of Enforcement continues to monitor for submissions to the Tips, Complaints, and Referrals (TCR) system that appear to allege conduct that may pose a risk of imminent harm to investors or our markets. Staff is available to handle emergency enforcement matters, including temporary restraining orders and/or imminent deadline concerns, or investigations of ongoing […]
SEC, CFTC implement plans for the government shutdown | Insights | DLA Piper Global Law Firm
Beginning on Thursday, December 27, 2018 and continuing until further notice, the SEC has had only a limited number of staff members actively engaged in Commission business. While there are staff members available to respond to emergency situations involving market integrity and investor protection, including law enforcement, and the SEC continues to operate certain systems […]
IPOs, Wall Street Enforcement at Standstill With SEC Shut Down
Initial public offerings and normal policing of the securities industry are on hold as the federal government’s partial shutdown drags into a third week. Many Securities and Exchange Commission officials can’t respond to emails or calls. Only a few are able to hold meetings. The agency’s normal back-and-forth with companies on capital raising, enforcement matters, […]
Extended shutdown of SEC could delay IPOs, ripple through market, experts warn – The Washington Post
The shuttering of the Securities and Exchange Commission during a prolonged government shutdown could ripple throughout the markets, including slowing some highly anticipated stock offerings by companies such as Uber and Lyft, securities experts say. via Extended shutdown of SEC could delay IPOs, ripple through market, experts warn – The Washington Post.
SEC Operational Status
In the event of a federal government shutdown, the SEC will proceed in accordance with the agency’s plan for operating during a shutdown. As that plan contemplates, we are currently making preparations for a potential shutdown with a focus on the market integrity and investor protection components of our mission. Should a shutdown occur and continue beyond […]
SEC Operating Status — SEC.gov
Should there be a federal government shutdown after January 19, the SEC will remain open for a limited number of days, fully staffed and focused on the agency’s mission. Any changes to the SEC’s operational status will be announced here. In the event that the SEC does shut down, we will pursue the agency’s plan […]
Companies Warn Shutdown May Negatively Impact Fourth Quarter Earnings – Compliance Week
In public filings and now in earnings calls, many companies are flagging the government shutdown as an issue that that may contribute to fourth quarter earnings shortfalls. via Companies Warn Shutdown May Negatively Impact Fourth Quarter Earnings – Compliance Week