Supreme Court To Review ‘Foreign-Cubed’ Case Despite SEC, Solicitor General Objections

The U.S. Supreme Court November 30, 2009, agreed to review a lower court decision dismissing a “foreign-cubed” case that raises critical questions about the reach of U.S. federal courts and the U.S. securities fraud laws with respect to…

House Financial Reform Measures Rolled Into Single Bill For Floor Action

The House Financial Services Committee December 2, 2009, approved legislation that would establish tough new federal controls on systemically important financial firms, clearing the way for…

Bill To Expand SEC’s Subpoena Power Clears House

The House December 2, 2009, approved by voice vote a bill that would strengthen the Securities and Exchange Commission’s enforcement program by allowing the agency to subpoena witnesses in…