BNA INSIGHTS: Top Ten SEC Enforcement Developments of 2010

This article highlights significant developments during 2010 in the enforcement program of the U.S. Securities and Exchange Commission (“SEC”). Developments were selected because they may signal future trends or establish new legal standards…

OUTLOOK 2011: SEC 2011 Enforcement Trends to Include Whistleblowers and Cooperation

In 2011, the single most important development likely to impact the Securities and Exchange Commission’s enforcement program is finalization of the whistleblower bounty program, the defense bar told BNA in recent interviews and comments.

Other major enforcement trends anticipated to take center stage this year include further development of the SEC’s cooperation program; a continuing close alliance between the SEC and…

SEC Maintains Dodd-Frank Act Reverses Morrison Ruling for Enforcement Purposes

The Securities and Exchange Commission believes that the financial reform legislation effectively overturned the U.S. Supreme Court’s landmark decision in Morrison and restored the so-called “conduct and effects” test for commission enforcement actions, a senior official said…

BNA INSIGHTS: New SEC Enforcement Unit Focuses on Funds and Advisers

For decades, the Securities and Exchange Commission’s Enforcement Division allocated few of its limited resources to the world of funds and advisers. The ’40 Act was left to the regulatory lawyers while, apart from the combined state-federal campaign against market timing and late trading a few years ago, the…

SEC, U.K. FSA Allege Former Deloitte Partner Was Key to Family-Run Insider Trading Ring

The Securities and Exchange Commission Nov. 30 announced that it and the U.K.’s Financial Services Authority disrupted what they believe to be a multi-million dollar insider trading network anchored by a…

SEC Unanimously Adopts Direct Access Rule, Proposes New Antifraud Rule for Derivatives

The Securities and Exchange Commission Nov. 3 unanimously adopted a new rule that effectively bars broker-dealers from providing customers with…

SEC, Connecticut Charge Advisory Firm with Fraud in Valuing Portfolio Assets

BOSTON—The Securities and Exchange Commission and state regulators in Connecticut filed suits Oct. 25 charging hedge fund investment manager Stephen M. Hicks and his investment advisory…

Countrywide’s Mozilo Agrees to Pay Record $22.5 Million Fine to Settle SEC Charges

Angelo Mozilo, the former chief executive officer of Countrywide Financial Corp., agreed Oct. 15 in the U.S. District Court for the Central District of California to pay a record $22.5 million civil penalty and to…

SEC Charges Two Hedge Fund Managers over $1 Billion Sent to Petters Ponzi Scheme

The Securities and Exchange Commission Oct. 14 brought charges against two Florida-based hedge fund managers and their firms over an…

Appeals Court Reverses, Remands Decision on SEC Access to Wiretaps in Hedge Fund Manager Insider Trading Case

The U.S. Court of Appeals for the Second Circuit Sept. 29 vacated and remanded a district court decision allowing the Securities and Exchange…

« Previous Page — Next Page »