Year: 2009

This Week In Securities Litigation (April 24, 2009)

There is increasing sentiment in Congress to provide additional funds for SEC enforcement. Not only did the administration propose an increased budget for the Commission, but now a new bill has been introduced in the Senate calling for the Commission

Failing To Conduct Due Diligence — An Investment Adviser Is Sanctioned

In what may be a harbinger of things to come, the Commission filed a settled administrative proceeding against an investment advisor and its principal. Respondents were charged with failing to adequately analyze, in accord with their representations, investments recommended to