Year: 2009

This Week In Securities Litigation (March 6, 2009)

The market crisis continued to generate new bills in Congress this week. One, introduced in the Senate, seeks to add 1,000 FBI agents to the Bureau, dedicated to financial fraud. Another, introduced in the House of Representatives, seeks tax relief

SEC Files Fourteen Settled Actions Against Specialists

The SEC filed settled actions against fourteen specialists firms on Wednesday based on claims of improper proprietary trading. Settled civil injunctive actions were filed against six firms in the Southern District of New York. Those firms are Automated Trading Desk