The Commission settled another in a series of actions arising out of the option backdating practices at Brocade Communications Systems, Inc. SEC v. Byrd, Case No. C 07-4223 (N.D. Cal. Filed Aug. 17, 2007). The initial cases involving Brocade Communications …

A RARE OPTION OPTIONS BACKDATING CASE BASED ON NEGLIGENCE Read More »

As Chairman Schapiro and her new team finish their first year at the SEC, their efforts to retool enforcement are well under way. A key early test looms, however, in the ruling that will come shortly in SEC v. Bank …

A TEST FOR SEC ENFORCMENT Read More »