Year: 2010

THIS WEEK IN SECURITIES LITIGATION (August 20, 2010)

Settling enforcement actions is becoming more difficult. The SEC and the Department of Justice both had courts refuse to approve settlements this week. SEC enforcement did resolve its first ever fraud action against a state, an insider trading case, a

THE COMMISSION’S FIRST ACTION AGAINST A STATE

The SEC filed its first action against a state, charging New Jersey with fraud in connection with multiple offerings of municipal bonds dating back to 2001. In the Matter of State of New Jersey, Adm. Proc. File No. 3-14009 (Aug.

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