Bruce Carton

In its most recent Annual Report, the UK’s Financial Conduct Authority stated that its “market cleanliness” statistics continue to show a “significant decline in the incidence of potential insider trading cases” since 2009. The improvement coincides with a significant increase in insider trading enforcement in the UK.

The DOJ sees your Pinterest account, SEC, and raises you an Instagram account! Today the DOJ announced on the front page of its website that it has taken the Instagram plunge.

In May 2009, when Twitter was in its infancy, I created a list of “15 People All Securities and Corporate Litigators Should Follow on Twitter.” I updated that list here in February 2010, adding and removing a few people as I tried to identify the people and organizations who “consistently add value and are great sources […]

Shortly after Utah introduced the nation’s first “White Collar Crime Offender Registry” to help fight affinity fraud, the state’s Attorney General charged a father and son with 15 counts of securities fraud in which they allegedly exploited their membership in The Church of Jesus Christ of Latter-day Saints to win the trust of prospective investors.

The SEC and the U.S. Secret Service are reportedly separately investigating a group of hackers called FIN4. In December 2014, cybersecurity firm FireEye Inc. released a report stating that FIN4 that was hacking the email accounts of top executives, lawyers and others in an effort to obtain non-public information about M&A deals and major market-moving announcements.

How did the SEC staff end up working at the bottom of a swimming pool in 1942? The SEC Historical Society has the answer.

On Wednesday, the House Appropriations Committee approved a fiscal year 2016 appropriations bill eerily similar to the bill Congress passed four years ago—both bills appropriate $222 million less than the SEC requested, freeze the SEC’s budget at the prior year’s level, and prohibit the SEC from drawing upon an important reserve fund. See inside for more details.

Despite a few outliers, most defendants in SEC settlements continue to settle cases “without admitting or denying” the allegations against them. While such language was also included in the Order memorializing the settlement of the SEC’s recent administrative proceeding In the Matter of Sand Hill Exchange, et al., the settlement was quickly followed by an […]

On June 4, 2015 the SEC issued an unusual order inviting one of its ALJs to file an affidavit addressing whether he has experienced any pressure to find in favor of the SEC in his cases. This week, the ALJ declined to do so, effectively RSVP’ing “no” to this “invitation.”