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Category Archives: Securities and Exchange Commission
Yesterday, in addition to hearing oral argument regarding state court jurisdiction over '33 Act class actions , SCOTUS also heard oral argument in a second case, Somers v. Digital Realty Trust.
Turnaround queen Lynn Tilton beats SEC in fraud case A Securities and Exchange Commission administrative judge issues initial decision that the charges against Tilton were "unproven." Check out this story on USATODAY.com: https://usat.ly/2yu3Xmq Jay Clayton is a partner at Sullivan & Cromwell in New York City and has represented some big Wall Street names.
Acting U.S. Attorney for the Southern District of New York Joon H. Kim announces charges stemming from an FBI investigation into top NCAA basketball programs that also involved a corrupt scheme with a major sportswear company. Acting U.S. Attorney for the Southern District of New York Joon H. Kim announces charges stemming from an FBI investigation into top NCAA basketball programs that also involved a corrupt scheme with a major sportswear company.
The chairman of the Securities and Exchange Commission is expected to say Tuesday that his agency may have mishandled a breach of its system for disclosing market-moving news and promise to intensify how it defends itself against hackers.
Swedish operator's CEO says financial penalties are a 'painful reminder' of what happens when a company does not 'do the right thing' Telia has reached a settlement with U.S. and Dutch authorities over its dealings in Uzbekistan that will see it pay a financial penalty approaching US$1 billion.
The U.S. District Court for the Eastern District of New York appointed its first South Asian-American magistrate judge - Hon. Sanket Bulsara - Chief Judge Dora Irizarry announced this week.
CalSTRS expresses concern about H.R. 10 bill provisions that could reduce SEC oversight and remove critically important investor protections WEST SACRAMENTO, Calif. - CalSTRS Chief Executive Officer Jack Ehnes issued the following statement reflecting the Teachers' Retirement Board's decision to oppose H.R. 10 , also known as the Financial CHOICE Act of 2017: "The Financial CHOICE Act is shrouded in rhetoric about fixing the United States economy and lifting the regulatory burden on our financial institutions.
May 23 The U.S. Securities and Exchange Commission has suspended some of its pending in-house court cases, after a Denver-based federal appeals court found the agency had violated the Constitution in how it hired its administrative law judges. In an order dated May 22, the SEC said it would suspend any cases in which a defendant will have an option to appeal a case before the Tenth Circuit Court of Appeals, which covers the states of Colorado, Kansas, New Mexico, Oklahoma, Utah and Wyoming.
On Tuesday evening, senators voted 61-37, clearing Clayton to become the next chairman of the Securities and Exchange Commission. Clayton, a partner at law firm Sullivan & Cromwell LLP, has extensive ties to Wall Street.
The Senate on Tuesday confirmed Jay Clayton, the Wall Street attorney chosen by President Donald Trump to lead the Securities and Exchange Commission. The vote was 61-37 to give Clayton the job of running the independent agency that oversees Wall Street and the financial markets.
Multiple outlets are incorrectly calling deceptive articles aimed to drive up stock prices for certain companies "fake news" in yet another misappropriation of the term. Although such fraud is indeed problematic, conflating it with fake news -- truly fabricated content meant to drive traffic or push a political message -- detracts from awareness efforts to combat the threat actual fake news continues to present.
President Donald Trump signed his first piece of legislation on Tuesday, a measure that could presage the most aggressive assault on government regulations since President Ronald Reagan. The bill cancels out a Securities and Exchange Commission anti-corruption regulation that would have required oil and gas and mining companies to disclose in detail the payments they made to foreign governments.
Panasonic Corp said on Thursday its avionics unit is being investigated by U.S. authorities under the Foreign Corrupt Practices Act and that it had replaced the long-time head of the business. In a stock exchange filing, the Japanese electronics maker said Panasonic Avionics Corp, a major supplier of inflight entertainment systems, is being probed by the Department of Justice and the Securities and Exchange Commission .
To continue reading up to 10 premium articles, you must register , or sign up and take advantage of this exclusive offer: WASHINGTON - President-elect Donald Trump on Wednesday chose a Wall Street attorney with experience in corporate mergers and public stock launches as his nominee to head the Securities and Exchange Commission. Trump announced his nomination of Jay Clayton, a partner in the law firm Sullivan and Cromwell, as chairman of the independent agency that oversees Wall Street and the financial markets.
Senator Elizabeth Warren is railing against President-elect Donald Trump's pick to head up the Securities and Exchange Commission. Trump earlier on Wednesday said he wanted Wall Street lawyer Jay Clayton to be the SEC's chairman, calling him "a highly talented expert on many aspects of financial and regulatory law."
Donald Trump ridiculed Wall Street on the campaign trail, and frequently criticized his political opponents for their ties to Goldman Sachs. Now, Trump is relying on a lawyer who has spent his career representing financial firms, and has his own close ties to Goldman, to lead Wall Street's top regulator.
Halliburton Co. on Friday said it had reached a $100 million settlement to resolve a long-running securities fraud class action lawsuit against the oilfield services provider that twice reached the U.S. Supreme Court.
The next top cop on Wall Street could be Debra Wong Yang, a former federal prosecutor who is currently a star lawyer who has defended the likes of Uber and Chris Christie. Yang is being considered by President-elect Donald Trump to become chairman/Gibson Dunn Law practice via CNN The next top cop on Wall Street could be Debra Wong Yang, a former federal prosecutor who is currently a star lawyer who has defended the likes of Uber and Chris Christie.
For years the White House has pushed U.S. regulators to finish writing tough new rules that would restrict bonuses for Wall Street executives, one of the most contentious parts of the Dodd-Frank banking reform law. The chances of that actually happening are becoming slimmer by the day.
Kevin O'Connor, the general counsel for Steven A. Cohen's investment firm, is overseeing staff picks for the Justice Department as a member of President-Elect Donald Trump's transition team, according to a chart obtained by Bloomberg. O'Connor's employer, Point72 Asset Management, is the successor to Cohen's SAC Capital Advisors, which was the subject of one of the largest insider trading cases in recent years, though he wasn't there at the time.