As some may have heard, on last Friday afternoon, the SEC decided to inform the world of its intention to change the settlement language in its cases. The SEC has
Enforcement
Could the FPCA Be the Next Battleground for Private Rights of Action?
By Fox Rothschild on
A congressman recently introduced a bill that would create a private right of action against foreign companies for violations of the Foreign Corrupt Practices Act. This would allow for companies…
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FCPA Action Against Private Equity and Hedge Funds
By Fox Rothschild on
At a recent conference, federal regulators, including the DOJ and the SEC, stated that they are aggressively pursuing investigations into private equity and hedge funds and their FCPA compliance.
Most…
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New BD Inspection Guidelines
By Fox Rothschild on
The SEC and FINRA issued new broker-dealer branch inspection guidelines to securities firms so as to improve their supervision systems.
In particular, the SEC and FINRA have advised broker-dealers to…
SEC Rules on Reverse Merger Companies
By Fox Rothschild on
Responding to numerous complaints, especially, regarding companies operating from the People’s Republic of China, the SEC has determined that it will tighten the listing requirements for companies involved in reverse…
Investment Advisors and Broker-Dealers Use of Social Media – Beware!!
By Fox Rothschild on
Although the use of social media has been embraced by many industries, it is of particular concern for investment advisors and broker-dealers.
In many situations, the use of these outlets…
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New Play for Economics in SEC Rule Making
By Fox Rothschild on
The SEC Chief Economist, recently, suggested that the SEC include more economic cost-benefit analyses when considering new rules.
These comments were the result of recent United States Court of Appeals…
FINRA Ramped It Up In 2011
By Joshua Horn on
FINRA recently provided its statistical results and highlights for 2011. Among the more significant items that FINRA noted, FINRA has brought, to date, 1,411 enforcement actions and levied fines totaling more than…
CFTC’s Record Enforcement Year
By Amit Shah on
The CFTC recently announced that it filed a record 99 enforcement actions in fiscal year 2011, which represented a whopping 74% increase over the prior fiscal year. The CFTC charged…