Regulatory Enforcement

U.S. Attorney Preet Bharara (SDNY) delivered a good line yesterday in his press conference concerning the extreme efforts of one of the defendants in the expert witness insider trading probe to destroy evidence: “When people frantically begin shredding sensitive documents and deleting computer files and smashing flash drives and chasing garbage trucks at 2 a.m. […]

In Internet-speak, the phrase “Pics or It Didn’t Happen” means that the person listening to an unverified tale demands to see photos before they’ll believe what they are being told. After all, everyone now walks around with a smartphone or camera phone of some kind, so if you really did just see Lady Gaga at […]

Another sharp compliance reminder on insider trading from the Justice Department and the Securities and Exchange Commission: It’s not only illegal for employees to sell confidential information about their companies to traders, it’s also equally illegal to buy it and trade on it. The U.S. Attorney for the Southern District of New York, the New […]

Did you know that there is no wireless Internet available in the $768 million Ronald Reagan Building and International Trade Center in Washington, D.C. that hosts over 1,200 events each year? Would President Reagan have approved of such a thing in the year 2011? I think not! The absence of wireless Internet in the Reagan […]

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 February 4: At Risk For Recommending Foreign Lawyers fcpablog.com | William Nelson | Feb 3, 2011 Could an American lawyer […]

Today TRACE, an anti-bribery organization, announced the launch of a new form of accreditation for anti-bribery specialists in corporations, law firms, accounting firms and elsewhere. Alexandra Wrage, TRACE’s President, said that the Trace Anti-bribery Specialist Accreditation will be a “serious and meaningful” credential that will be a way for professionals to demonstrate their expertise and […]

At this time two years ago–in February 2009–the UK’s Financial Services Authority had never in its history obtained a criminal conviction for insider trading. Not a single one since gaining criminal authority in 2001. That finally changed on March 27, 2009, when an FSA prosecution resulted in the conviction of Christopher McQuoid, former general counsel […]

The countdown to the April 1, 2011 effective date of the UK Bribery Act was approaching the 60-day mark for interested companies, lawyers and other professionals, but that countdown has now been halted. Just two months before its scheduled effective date, the UK government has decided to delay implementation of the new law “after a […]

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 January 28: Corporate Monitorships the Next Step in SEC Deferred and Non-Prosecution Agreements? Subject to […]