Year: 2010

THIS WEEK IN SECURITIES LITIGATION (November 19, 2010)

The SEC and the New York Attorney General brought high profile actions in the on-going “pay to play” cases. The new and long-rumored actions, are against the so-called car czar. The Commission’s case settled. The NYAG’s did not. More guilty

ALTERED RECORDS, LACK OF PROCEDURES YIELDS SANCTIONS

Altering compliance records prior to their production for an examination and inadequate procedures to control the flow of nonpublic information became the predicate for sanctions against a broker dealer, an investment adviser and the chief compliance officer of both. In

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