Month: December 2009

The SEC brought its second enforcement action this week stemming from its much discussed market crisis investigations. This case is against a broker dealer and its former CEO Stanley Brooks. It focused on the sale of risky mortgage-backed securities through …

ANOTHER MARKET CRISIS CASE Read More »

Many criminal securities cases include a count of “honest services” fraud under 18 U.S.C. § 1346. That Section was added to the criminal code in 1988 after the Supreme Court limited wire and mail fraud crimes to the theft of …

HONEST SERVICES FRAUD: IS THE STATUTE CONSTITUTIONAL? Read More »