Year: 2008

This Week In Securities Litigation (August 1, 2008)

This week, SEC Chairman Cox adopted a new, aggressive stance regarding the prospect of rewriting regulatory authority in the wake of the current market crisis, arguing that the SEC should be given jurisdiction over investment banks. In addition to the

Refco Saga Continues

The Refco saga continued yesterday as Phillip R. Bennett, the former CEO of the company, settled with the SEC. The Commission initially filed a complaint in February of this year alleging that Mr. Bennett orchestrated a fraud that concealed millions