The SEC filed a settled administrative proceeding against ICAP Securities USA LLC, the U.S. subsidiary of the world’s largest inter-dealer broker, ICAP plc. The action, based on alleged violations of Securities Act Sections 17(a)(2)&(3) and Exchange Act Section 15C, and …

SEC FILES SETTLED PROCEEDING AGAINST INTER-DEALER BROKER Read More »

Prosecutors frequently point to “red flags” as proof of knowledge. Typically, the red flags are a series of facts or events which demonstrate that either person knew or was reckless in not knowing. A series of these red flags have …

RED FLAGS IN THE BACKDATING CASES: DO THE PROSECUTIONS HAVE MERIT? Read More »