Section 1519 was passed as part of the Sarbanes-Oxley Act in the wake of Enron’s massive accounting fraud. The section was designed to fill a gap in the law by preventing corporate document-shredding to conceal evidence of financial wrong doing. …
SOX, the Destruction of Evidence And Dr. Seuss: Is a Fish A Tangible Object? Read More »
Trading suspensions, market manipulation and Ponzi scheme actions – staples of SEC enforcement. The Commission suspended trading for 128 dormant shell companies this week while bringing a market manipulation action involving two recidivists and a case against an adviser involving …
SEC Staples: Trading Suspensions, Market Manipulation and Ponzi Schemes Read More »