“Where were the outside accountants and lawyers when these transactions were effectuated?” This is a now famous refrain made by former SEC Director of Enforcement and U.S. District Court Judge Stanley Sporkin in his opinion in Lincoln Savings & Loan …

Where Were the Lawyers? One is Found Read More »

The Government Accountability Office (GAO) will issue a report today critical of the SEC. The report focuses on the relationship SEC and Self Regulatory Organizations (SROs) which police the markets and frequently conduct the initial portion of inquiries insider trading …

The SEC, Efficiency and Investor Protection Read More »