Blog Archives

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

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This Week In Securities Litigation (Week ending Oct. 14, 2016)

The Commission announced the filing of a record number of enforcement actions for the last fiscal year. The enforcement statistics highlight areas of concentration such as insider trading, investment advisers and private equity funds. The agency also brought three enforcement

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SEC Sanctions Another Entity For Not Following Its Procedures

A continuing focus of SEC enforcement is compliance by entities with their disclosed procedures. The Commission’s latest action in this regard resulted in the payment of nearly $6 million by a Credit Rating Agency that not only failed to comply

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SEC Fines Adviser $20 Million Based on Conflicts

Failure to disclose conflicts of interest and/or to comply with firm procedures are the predicates for a series of SEC enforcement actions involving regulated entities. The most recent example of these trends is an action involving an investment advisory subsidiary

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This Week In Securities Litigation (Week ending September 26, 2014)

The Commission announced its largest whistleblower action this week – an award to a person overseas of over $30 million. The agency also filed a series of actions this week. They included three insider trading case, two as administrative proceedings;

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Barclays Is Sanctioned By The FCA and The SEC

Barclays took a double hit from regulators yesterday. First the Financial Conduct Authority in the UK fined Barclays Bank Plc, about £38 million for putting £16.5 billion of client assets at risk. Then the SEC imposed a $15 million penalty

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This Week In Securities Litigation (Week ending August 22, 2014)

The Second Circuit upheld SEC Rule 10b-5-2 which defines certain types of relationships as the predicate for insider trading. In reaching its conclusion the Court rejected an argument that an insider trading claim must be based on a breach of

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This Week In Securities Litigation (Week ending January 31, 2014)

A review of securities enforcement litigation this week.

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This Week in Securities Litigation (Week ending November 22, 2013)

A review of SEC and securities enforcement litigation this wee.

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THIS WEEK IN SECURITIES LITIGATION (Week ending April 13, 2012)

The Commission approved sending a staff study to Congress this week, as required by Dodd-Frank, which presents “options” for extending the reach of Section 10(b) in private damage actions beyond the limitations set by the Supreme Court in Morrison. One

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