Bruce Carton

“Life comes at you fast,” doesn’t it Eike Batista? (Just ask MC Hammer and Allen Stanford). It has been a very tough recent stretch for former Brazilian billionaire, Eike Batista. In 2012, shortly after he was described by Brazil’s President, Dilma Rousseff, as “our standard, our expectation and, above all, the pride of Brazil when […]

Following the Republicans takeover of the U.S. Senate in Tuesday’s national elections, Republicans will now control both the House and the Senate for the first time since 2006. Some commentators are already speculating that this development brings with it the “first real prospect of changes” to the Dodd-Frank Wall Street Reform and Consumer Protection Act, […]

The SEC will attempt to distribute the funds from its $602 million insider trading settlement with SAC Capital to the people who were on the other (losing) side of those trades, Reuters reports. Ethan Wohl, lead attorney for the group of investors who allege they were the victims of these trades, told Reuters that “our clients are […]

Late last week the SEC announced its latest insider trading case, which was filed against two friends and former business school classmates who allegedly used inside information to generate nearly $700,000 in illicit profits. The SEC alleged that Zachary Zwerko, a financial analyst at a major pharmaceutical company, learned about impending acquisitions that his company […]

In remarks at a business journalism awards lunch last week in Australia, Greg Medcraft, the Chairman of the Australian Securities & Investments Commission, made some startlingly candid remarks about the state of Australia’s ability to prosecute and penalize white collar crime. Medcraft noted that ASIC had conducted a review of international white collar criminal penalties and […]

“Life comes at you fast,” doesn’t it Allen Stanford? (Just ask MC Hammer). One day you are have a net worth of $2.2 billion, an office with its own five-star dining room, movie theater, professional kitchen and wine bar, and island nations such as Antigua are granting you knighthood. The next you are arrested for […]

At the conclusion of Securities Enforcement Forum 2014 last week, Securities Docket announced the eight members of the inaugural class of its “Enforcement Hall of Fame.”  The Enforcement Hall of Fame honors the lawyers who have made the “most extraordinary contributions to, and impact upon, the field of securities enforcement over their lifetimes.” The eight […]

Late last week, the SEC issued a press release summarizing its enforcement results for the agency’s fiscal year 2014, which ended September 30, 2014. The SEC emphasized that it filed a record 755 enforcement actions in FY 2014, and that these cases “included a number of first-ever cases, including actions involving the market access rule, […]

In August 2014, former SAC Capital trader Mathew Martoma was ordered by U.S. District Judge Paul Gardephe to serve nine years in prison and also to forfeit about $9.4 million in ill-gotten gains. In February 2014, a federal jury in Manhattan convicted Martoma on two counts of securities fraud and one count of conspiracy related to an insider trading scheme. […]