Year: 2011

The Eighth Court held that a person who pleads guilty to a criminal violation of Section 10(b) and Rule 10b-5 is entitled at sentencing to invoke the “no knowledge” provision of Exchange Act Section 32(a) to try and avoid a …

THE “NO KNOWLEDGE” DEFENSE APPLIES TO A CRIMINAL 10(b) CHARGE Read More »

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The SEC filed another “suspicious purchases” insider trading case. SEC v. Compania International Financier S.A., Civil Action No. 11 CV 4904 (S.D.N.Y. Filed July 15, 2011). Typically these cases are brought against “one or more unknown purchasers” of the securities …

AN AGGRESSIVE INSIDER TRADING CASE Read More »

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