Despite numerous warnings, some people just do not get it. The SEC barred a broker from the industry because the broker used personal email and text messages to obtain client
Continue Reading Brokers Have To Be Reminded To Avoid Using Personal Emails and Texts
Our colleague Ed Raleigh in our DC office has published an insightful article on Mail and Wire Fraud in the ABA’s Criminal Justice Magazine. We invite you to read
Continue Reading Ed Raleigh Publishes Mail and Wire Fraud Article
Recently, the SEC amended its rules to create a separate Office of Ethics Counsel. The Ethics Counsel will now report directly to the Commission’s Chairman.
This organizational change is important
In a letter to certain senators, SEC Chairman Mary Schapiro has requested new statutory power to enhance the SEC’s Enforcement program’s effectiveness. In particular, the SEC is seeking statutory upgrades
Continue Reading You Knew It Was Coming SEC Looks to Enhance Its Enforcement Program
The SEC adopted a rule requiring hedge fund and private equity fund advisors to report systemic risk data. The new Form PF was jointly developed by the SEC and the
Continue Reading SEC Adopts Form PF so that Private Funds May Report Systemic Risk
An independent public interest group has asked the SEC’s Inspector General to investigate press reports that Staff members are using private e-mails to conduct agency matters to avoid oversight by
Continue Reading SEC Staff’s Use of Private E-Mails Growing Concern
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
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
Continue Reading Could the FPCA Be the Next Battleground for Private Rights of Action?
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
Continue Reading FCPA Action Against Private Equity and Hedge Funds