SEC Actions


This blawg containts current information about SEC and DOJ securities investigations and enforcement actions as well as private securities litiation.

Author: Thomas O. Gorman is the partner-in-charge of the Washington, D.C., office of Porter, Wright, Morris & Arthur.

Blawg Related Categories: Criminal Justice • Securities Law • Trials & Litigation • Partner

Recent Posts from SEC Actions


  • IS THE SEC CONTINUING TO TAKE A RAIN CHECK?

    In a recent interview, former President Bill Clinton was asked: if he had to do it over again, would he sign the deregulatory Gramm-Leach-Bliley Act in 1999 and not regulate derivatives? Mr. Clinton responded “And…

  • SEC REMEDIES: DISCLOSING REMEDIAL STEPS

    A key part of the SEC’s statutory mandate is to prevent a repetition of the violation after halting it. Accordingly, an important component of many settled enforcement actions is the remedial steps taken to ensure…

  • THIS WEEK IN SECURITIES LITIGATION (September 11, 2009)

    The dispute over the accuracy of the SEC’s case alleging that Bank of America deceived its shareholders when acquiring Merrill Lynch continued and broadened this week. The New York AG sent a letter to the…

  • MORE INVESTMENT FUND FRAUD CASES

    Investment fund frauds and Ponzi schemes seem to be the flavor of the day in the wake of Madoff and Stanford. In this short business week, the SEC has already announced two more of what…

  • SEC ENFORCEMENT: FROM THE FRYING PAN TO THE FIRE?

    Out of the frying pan and into the fire seems an apt description of SEC enforcement and the efforts to revive the program. While the agency is moving past the Madoff failures it may have…

  • THE PROMISE TO REJUVINATE SEC ENFORCEMENT: AN EARLY TEST

    The SEC Inspector General’s full report on the Madoff debacle was released late Friday afternoon. No doubt, it was timed to minimize publicity. The fact is however, that while the report adds hundreds of pages…

  • THIS WEEK IN SECURITIES LITIGATION (September 4, 2009)

    The SEC’s Inspector General is front and center this week as the summary from his report on the Madoff investigations was released following the issuance of a report on rating agencies. The summary from the…

  • TO CATCH A THIEF: FOLLOW THE MONEY

    The executive summary of the SEC Inspector General’s Report on the failed Madoff investigations was released by the Commission, along with comments by Chairman Schapiro. The detailed summary traces the unsuccessful investigative efforts of the…

  • ANOTHER SEC FINANCIAL FRAUD SETTLEMENT: MORE QUESTIONS

    Another settled financial fraud case raises more questions than it answers. The SEC filed a settled action involving VeriFone Holdings, Inc., a San Jose, California based company which designs, markets and services transaction automation systems,…

  • REJUVINATING SEC ENFORCEMENT: A LONG ROAD

    A recurring topic of discussion these days is the rejuvenation of SEC enforcement. In the wake of gaffes, blunders and outright failures, it is all but conceded that the program requires a major overhaul for…