Month: March 2009

The SEC filed settled actions against fourteen specialists firms on Wednesday based on claims of improper proprietary trading. Settled civil injunctive actions were filed against six firms in the Southern District of New York. Those firms are Automated Trading Desk …

SEC Files Fourteen Settled Actions Against Specialists Read More »

The Seventh Circuit ruled on two important questions regarding SEC enforcement actions in SEC v. Koenig, Case No. 08-1373 (7th Cir. Decided Feb. 26, 2009). The first concerned the time period under which the SEC must commence suit under the …

The Statute Of Limitations And Financial Penalties In SEC Enforcement Actions Read More »