In March 2009, UK securities regulators began to crack down on insider trading with the FSA’s first-ever criminal conviction of Christopher McQuoid, former general counsel of TTP Communications, and his father-in-law, James Melbourne. Also that month, the FSA’s CEO, Hector Sants, promised a new aggressive approach to enforcement in the UK. “There is a view that people […]
Bruce Carton
Posted inRegulatory Enforcement
UK Study Shows Sharp Decline in Insider Trading Following 2009 Surge in Enforcement
In March 2009, UK securities regulators began to crack down on insider trading with the FSA’s first-ever criminal conviction of Christopher McQuoid, former general counsel of TTP Communications, and his father-in-law, James Melbourne. Also that month, the FSA’s CEO, Hector Sants, promised a new aggressive approach to enforcement in the UK. “There is a view that people […]
Posted inAnti-Bribery
American Greed: Breaking Down the Kluger-Bauer-Robinson Insider Trading Scheme
The most recent episode of CNBC’s American Greed offers an interesting and detailed look at the insider trading ring of trader Garrett Bauer, attorney Matthew Kluger, and a middleman-turned-informant named Kenneth Robinson. After a 17-year scheme that netted tens of millions of dollars (most of which went to Bauer), all three men pleaded guilty, and […]
Posted inRegulatory Enforcement
American Greed: Breaking Down the Kluger-Bauer-Robinson Insider Trading Scheme
The most recent episode of CNBC’s American Greed offers an interesting and detailed look at the insider trading ring of trader Garrett Bauer, attorney Matthew Kluger, and a middleman-turned-informant named Kenneth Robinson. After a 17-year scheme that netted tens of millions of dollars (most of which went to Bauer), all three men pleaded guilty, and […]
Posted inAnti-Bribery
When Hackers Attack Hedge Funds
News began to spread last month about an extraordinary cyber attack on a large hedge fund that struck at the firm’s high-speed trading apparatus. The assault appeared to take the hacking of financial firms to a whole new level. According to an executive at BAE Systems, the firm was hired to help the hedge fund […]
Posted inData Privacy
When Hackers Attack Hedge Funds
News began to spread last month about an extraordinary cyber attack on a large hedge fund that struck at the firm’s high-speed trading apparatus. The assault appeared to take the hacking of financial firms to a whole new level. According to an executive at BAE Systems, the firm was hired to help the hedge fund […]
Posted inRegulatory Enforcement
Audacious Hedge Fund Hack Revealed to be False, but Legitimate Concerns Remain
In mid-June I wrote here about an audacious hack on a large hedge fund reported by CNBC. CNBC was told by an executive at BAE Systems, a consulting firm that the hedge fund hired to analyze the problem, that in late 2013 hackers successfully installed malware on the hedge fund’s servers through a “spear phishing” email that […]
Posted inRegulatory Enforcement
Audacious Hedge Fund Hack Revealed to be False, but Legitimate Concerns Remain
In mid-June I wrote here about an audacious hack on a large hedge fund reported by CNBC. CNBC was told by an executive at BAE Systems, a consulting firm that the hedge fund hired to analyze the problem, that in late 2013 hackers successfully installed malware on the hedge fund’s servers through a “spear phishing” email that […]
Posted inRegulatory Enforcement
Enforcement Division COO Storch Leaving SEC to Join Fannie Mae
Adam Storch, chief operating officer and managing executive of the SEC’s Division of Enforcement, is leaving the agency at the end of this week to join Fannie Mae in Washington, D.C. Storch will be Vice President of Enterprise Planning and Reporting at Fannie Mae beginning July 7, 2014. Storch joined the SEC in October 2009 to […]
Posted inRegulatory Enforcement
SDNY Criminal Division Chief Lorin Reisner Returning to Private Sector
Lorin L. Reisner, chief of the criminal division of the U.S. Attorney’s Office for the Southern District of New York, announced yesterday that he is leaving government service for the private sector next month. Reisner is expected to join a law firm, the NYT reports, but Reisner did not identify which firm he may be […]
