Blog Archives

This Week In Securities Litigation (For the period Jan. 13 – 27, 2017)

During a two week period divided by the Inauguration, the Commission filed just under 40 actions. Chair Mary Jo White stepped down from her position at the agency after delivering her departing remarks at the New York Economic Club. In

Posted in SECActions Tagged with: , , , , , ,

This Week In Securities Litigation (Week ending December 16, 2016)

The Commission filed four actions last week. One action centered on a cherry picking scheme; a second focused on an adviser that failed to follow its own procedures regarding conflicts; a third involved an investment adviser who made repeated misrepresentations

Posted in SECActions Tagged with: , , ,

This Week In Securities Litigation (Week ending Oct. 7, 2016)

Insider trading was the focus this week, with the Supreme Court hearing argument in Salman v. U.S. The argument centered on the meaning and application of the Court’s 1983 decision in Dirks which drew a line between the prohibited an

Posted in SECActions Tagged with: , , , ,

This Week In Securities Litigation (Week ending April 22, 2016)

The Commission prevailed at trial in a market manipulation case. The trial followed a series of settlements and a grant of summary judgment in the Commission’s favor as to one defendant. The remaining defendant, a former NFL football player, was

Posted in SECActions Tagged with: , , , ,

The SEC’s Increasing Use of Data Analysis

The Commission has increasingly focused on data analysis as an aid to its enforcement program. Two recent cases brought against investment advisers for cherry picking illustrate different facets of the approach. In the Matter of Bruce A. Hartshorn, Adm. Proc.

Posted in SECActions Tagged with: , ,

This Week In Securities Litigation (Week ending October 23, 2015)

The Manhattan U.S. Attorney announced the filing of motions to dismiss the insider trading conviction of Michael Steinberg, formerly a portfolio manager at SAC Capitol, and six others in the wake of the Second Circuit’s decision in Newman. SEC released

Posted in SECActions Tagged with: , , , ,

SEC Files Its First Robocop Cherry Picking Action

SEC Files Its First Robocop Cherry Picking Action When the SEC announced its financial fraud task force and a related data initiative to facilitate the identification of situations where the company “cooked the books,” many dubbed the data program “Robocop.”

Posted in SECActions Tagged with: , , ,

This Week in Securities Litigation (Week ending September 6, 2013)

A review of securities enforcement litigation this week.

Posted in SECActions Tagged with: , , , ,