Bruce Carton

It has now been almost two years since Galleon Group co-founder Raj Rajaratnam was sentenced to 11 years in prison following his conviction on 14 counts of conspiracy and securities fraud. The Federal Bureau of Prisons assigned Rajaratnam to the Federal Medical Center Devens in Ayer, Mass., a facility about 40 miles west of Boston where inmates with […]

It is probably a testament to the growing acceptance of marijuana in certain states that FINRA, the largest independent regulator of securities firms doing business with the public in the United States, felt the need to issue a special Investor Alert this week called “Marijuana Stock Scams.”  Medical marijuana is now legal in almost 20 […]

Jean Eaglesham has an interesting article in today’s WSJ noting and breaking down the extraordinary turnover the SEC has had in its leadership ranks in the past year or so. Specifically, she observes: Mary Jo White is the SEC’s third chairman in the last nine months; Three of the SEC’s five commissioners have left the […]

On June 18, 2013, SEC Chair Mary Jo White announced that the agency would soon begin requiring admissions of wrongdoing from defendants to settle enforcement actions that involved “egregious intentional misconduct” or “misconduct that harmed large numbers of investors.” The announcement signaled a departure from the SEC’s long-standing policy of allowing defendants to enter into settlements in which they could […]

In February 2012, the U.S. Supreme Court unanimously rejected the Securities and Exchange Commission’s argument that the clock on its five-year statute of limitations to bring fraud cases should not begin to run until the time when the fraud is discovered. Rather, the Court held, the clock begins to tick when the violation occurs. Although the Court’s […]

The U.K.’s Serious Fraud Office announced yesterday that it filed its first-ever charges under the U.K. Bribery Act. The SFO stated that it filed a case in the Westminster Magistrates Court against four men connected to a company called Sustainable AgroEnergy plc. The SFO alleges that the men conspired to commit fraud by false representation and conspiracy […]

On June 22, 2011, the SEC announced that that Morgan Keegan & Company and Morgan Asset Management had agreed to pay $200 million to settle fraud charges related to subprime mortgage-backed securities. The settlement required Morgan Keegan to pay a total of $100 million to the SEC to be placed into a Fair Fund for the […]

Throughout the week over at Securities Docket I highlight the most interesting columns and blog posts from around the web on the subjects of SEC enforcement and securities litigation. Here is a digest of my picks for the week ending August 9, 2013. Corporate Filers Beware: New “RoboCop” Is On Patrol John Carney and Francesca Harker, Forbes It may not […]

At a July 30, 2013 Senate Banking Committee Hearing on “Mitigating Systemic Risk in Financial Markets through Wall Street Reforms,” Senator Elizabeth Warren offered up a nice softball question to panelist SEC Chair Mary Jo White. Sen. Warren referred back to a question she posed to then-SEC Chair Elisse Walter in February 2013 about the SEC’s willingness […]