Sean McKessy, the former first-ever chief of the SEC’s Office of the Whistleblower, is joining law firm Phillips & Cohen as a partner in its Washington, D.C. office. Bruce Carton has more.
Bruce Carton
SEC’s $22 million award to whistleblower pushes program’s total over $100 million
The SEC’s Office of the Whistleblower has been cranking out major awards all summer—the latest an award of more than $22 million—which means, says Bruce Carton, the whistleblower program has surpassed $100 million.
Must-read: Fortune’s ‘Overturned–The Hedge Fund Trader Who Beat the Feds’
The September 1, 2016 issue of Fortune has a terrific article detailing the legal saga of former hedge fund manager Todd Newman, the defendant in a hugely important insider trading decision that has had a major impact on how prosecutors and the SEC pursue such cases.
10 years later, fugitive CEO pleads guilty to options backdating
Although the days of “options backdating” prosecutions are long past, the case against former Comverse Technology CEO Jacob Alexander, a fugitive in Namibia since 2006, ended just this week with his appearance before an unsympathetic federal judge. Bruce Carton has more.
Use of Video Slowly Creeping into Legal Marketing in Enforcement Area
A series of enforcement-focused videos launched this summer by one law firm is an interesting twist on marketing that allows its lawyers to present information and themselves in a different way. Bruce Carton reports.
Ceresney flashback: deposing ‘The Donald,’ part II
More details from the December 2007 deposition of Donald Trump conducted by then-private lawyers Andrew Ceresney and Mary Jo White—“an interrogation unlike anything else in the public record of Trump’s life” focused primarily on his honesty. Bruce Carton reports.
Hybrid group of professional whistleblowers and insiders on cusp of huge awards
A new hybrid group of professional whistleblowers and corporate employees is about to get paid massive sums for their efforts to uncover securities law violations in the foreign exchange markets. Bruce Carton reports.
Cardiologist facing criminal, SEC charges for trading based on clinical trials
Dr. Edward Kosinski, a cardiologist in his late ’60s living in Weston, Connecticut, has been named as a defendant in a criminal prosecution—as well as an SEC enforcement action—charging him with insider trading for allegedly trading based on the confidential results of a clinical trial he conducted. Bruce Carton reports.
Prosecutors announce latest guilty plea in unprecedented hacking and trading scheme
Almost exactly one year ago, the SEC and Justice Department both filed cases against a large group of hackers and traders who carried out an “unprecedented” insider-trading and hacking scheme. Now prosecutors have announced the latest guilty plea in the case—the fifth so far. Bruce Carton reports.
People, please stop making these two insider-trading mistakes!
Bruce Carton has been warning us for years about two insider-trading mistakes. Last month, a former partner at law firm Fox Rothschild was sentenced to six months in prison for allegedly making both of them. See inside.
