Bruce Carton

Last week I wrote here about a novel lawsuit the SEC brought alleging a Ponzi scheme based on a “virtual currency” called Bitcoin. The SEC alleged that a Texas man named Trendon Shavers sold Bitcoin-denominated investments through the Internet, and “raised at least 700,000 Bitcoin in … investments, which amounted to more than $4.5 million based on […]

Back in 2011, I learned about The Second City comedy theater’s interesting work in the compliance training area and asked, “Think Compliance is Not Funny? Think Again!” Today I learned (via Business 2 Community) about another creative way that a company called True Office is trying to make compliance training more interesting and effective –by turning […]

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 2, 2013. In Complex Trading Case, Jurors Focused on Greed Susanne Craig, Ben Protess and Alexandra Stevenson, DealBook […]

When you follow SEC enforcement closely for a while, you begin to think that you know the universe of currencies and securities that are at issue in these cases. In the last 10 days, however, the SEC has gone off of the usual menu a bit and brought two unusual cases. On July 23, 2013, […]

Preet Bharara is not the only one who appears to have been pleased to see the SDNY’s prosecutors bring a criminal case against SAC Capital last week. To the contrary, Overstock.com CEO Patrick Byrne, who has made no secret through the years of his disdain for SAC founder Steve Cohen, immediately reacted to the SAC indictment […]

Robert Khuzami, former Director of the SEC’s Division of Enforcement, has joined law firm Kirkland & Ellis LLP as a partner in its Washington, D.C. office. The firm announced today that Khuzami has joined its global Government, Regulatory and Internal Investigations Practice Group.  Khuzami left the SEC in January 2013 after nearly four years of leadership during the challenging […]

As discussed here, Preet Bharara, U.S. Attorney for the the Southern District of New York, has been leading a broad investigation into possible insider trading by hedge funds. In May 2013, Vanity Fair reported that Bharara was “getting closer to the biggest fish of them all”– SAC Capital’s Steve Cohen–and characterized Bharara’s pursuit of Cohen in terms of Ahab […]