Legal Developments in Securities Law

January 26, 2016

Dodd-Frank Update: New Private Fund Rules Released Recently, the Securities and Exchange Commission (“SEC”) adopted final rules concerning the registration of advisers to private funds. Some of these rules varied greatly from the initial proposed rules. In the Release by the SEC and the Commodity Futures Trading Commission (“CFTC”), it was clear that many changes … Continue reading “Legal Developments in Securities Law”

Legal Developments in Securities Law

January 26, 2016

Federal Judge Critiques SEC’s Proposed Settlement with Citigroup Could Force SEC to be More Aggressive in the Future This blog post references Peter Latman’s NY Times article, “Judge in Citigroup Mortgage Settlement Criticizes S.E.C.’s Enforcement,” found here. Yesterday, the Securities and Exchange Commission (“SEC”) was asked by Judge Rakoff to defend its proposed settlement with … Continue reading “Legal Developments in Securities Law”

Legal Developments in Securities Law

January 26, 2016

SEC Dodd-Frank Whistleblower Claim Update The SEC recently released its Fiscal Year 2011 Annual Report on the Dodd-Frank Whistleblower Program, found here. The report noted that 334 whistleblower tips were received in only the first seven weeks of the program. The most common tips were concerning market manipulation, corporate disclosures and financial statements, and offering … Continue reading “Legal Developments in Securities Law”

Legal Developments in Securities Law

January 26, 2016

Madoff Employee Admits Guilt : Three Simple Ways to Avoid Facilitating Securities Fraud at Your Job Recently, a former trader at Bernard Madoff’s investment firm admitted to creating fictitious, backdated trades in Madoff’s notorious Ponzi scheme. Although certain types of securities fraud violations may be clear to an employee, such as being asked to falsify … Continue reading “Legal Developments in Securities Law”

Legal Developments in Securities Law

January 26, 2016

SEC Seeks to Raise Potential Civil Penalties Earlier this week, the SEC’s chairperson, Mary Schapiro, sent a letter to Senators Jack Reed and Mike Crapo urging that Congress change the current rules on how the SEC can fine individuals and companies and to plead for greater maximum civil penalties. Currently, the SEC can impose up … Continue reading “Legal Developments in Securities Law”

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