Bruce Carton

An archived version of today’s webcast (“Fair Value Accounting: What Lawyers Need to Know”) is now available below. In addition, the materials from the webcast can also be downloaded at the links below. Webcast Materials: “Fair Value Accounting: What Lawyers Need to Know”White Paper by Michael Young: “Fair Value Accounting and Subprime”

Yes, public pressure and scrutiny on the SEC is quite high right now, but consider what is going on in Sweden. There, the largest insider trading case in the country’s history is being prosecuted in an environment that is so politically-charged that many consider this to be a “win-or-die” situation for the Swedish National Economic […]

Lawyers–what do you know about Fair Value Accounting? Nothing? Same here. That’s part of the reason why I will be attending today’s webcast (Oct. 1, 1 pm Eastern) entitled, “Fair Value Accounting: What Lawyers Need to Know.” The other part? I’m moderating it! A panel of securities and accounting experts will discuss the evolution of […]

What do you do for an encore after you have already gone from being the former CEO and chairman of investment bank Keefe, Bruyette & Woods to pleading guilty to securities fraud and leaking inside information to your porn star mistress? How do you top that? If you’re James McDermott, who served five months in […]

The SEC’s Inspector General, H. David Kotz, today released his most recent report related to the Bernard Madoff case, as well as the SEC’s response. The report, entitled “Program Improvements Needed Within the SEC’s Division of Enforcement” (copy available here), offers 21 specific recommendations. By letter dated September 25, 2009 (included in the report), SEC […]

Bernard Madoff’s massive fraud has inspired a startling sculpture by artist Chen Wenling called “What You See Might Not Be Real.” The sculpture, which was displayed at a Beijing gallery Sunday, is of an enormous bull blasting off and then ramming Madoff against a wall. The bull seems to be propelled by a huge blast […]

Bank of America is under seige from all sides right now for its disclosures prior to the Merrill Lynch acquisition (SEC, NY AG, DOJ, FBI, Congress), but its “biggest” problem yet (at least in terms of the number of zeroes involved) may have come in a lawsuit filed against in August 2009. A customer, Dalton […]

With “Enron” (the play) supposedly bringing down the house in London, it was probably only a matter of time before Hollywood came knocking, as well. Now comes word that following a “high six-figure deal,” Columbia Pictures has acquired the screen rights to “Enron” and the play will be adapted into a feature length drama for […]

Yesterday the SEC brought its second case in a week where the insider trading alleged to have occurred was jaw-droppingly easy to detect. Details on this case, which was filed within 48 hours of the Dell-Perot acquisition announcement, are available here (and a discussion of the first case is available here). Ross Albert, a partner […]