Year: 2011

THIS WEEK IN SECURITIES LITIGATION (March 4, 2011)

This week the SEC continued to implement the Wall Street Reform Act, issuing another group of proposed rules to aid the implementation of the legislation. The SEC Chairman also testified before congress as the week drew to a close, reporting

HEDGE FUND MANAGER SETTLES WITH SEC AND USAO

Lawrence Goldfarb, the manager of a successful hedge fund, and the fund he managed, settled charges with the SEC and the U.S. Attorney’s Office stemming from his diversion of over $12 million from a side pocket investment of the fund.

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