The SEC announced the filing of a settled enforcement action centered on a pervasive corporate accounting fraud. The settlement appears to bring into play the SEC’s policies on corporate penalties and cooperation. The settled civil injunctive action was filed against …

Lack of a Penalty and Fraud Charges in Financial Fraud Case May Stem From Cooperation Read More »

In her remarks at the 27th Annual Ray Garrett, Jr. Corporate and Securities Law Institute held in Chicago earlier this month SEC Enforcement Chief Linda Thomsen revisited the obligations of corporate counsel and cooperation. www.sec.gov/news/speech/2007/spch0504071ct.htm Ms. Thomson’s comments in part …

The Rolling Stones Test: SEC And DOJ Cooperation Standards Read More »