Tag: penalties

A critical question if a penalties is to be assessed in an SEC enforcement action is the starting point. That was the key question in the appeal of Galleon Management, L.P. founder Raj Rajaratnam. SEC v. Rajaratnam, No. 11-5124 (2nd

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Commissioner Michael Piwowar, the only economist currently on the Commission, outlined his views regarding enforcement policy in remarks delivered at the Securities Enforcement Forum 2014 last week (here). That policy begins with the due process clause of the Fifth Amendment,

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