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

A Settled FCPA Case Cautions All Issuers About Business Partners
The settled FCPA actions filed yesterday by the SEC should serve as a clear warning to issuers regarding the necessity for FCPA compliance programs and for strong controls not just at the company, but with…
Naked Short Selling — A Recurring Topic
Naked short selling and its impact on the market is becoming a recurring topic. The SEC recently took the extraordinary step of banning short selling in the shares of Fannie Mae, Freddie Mac and primary…
A New Mutual Assistance Agreement; A Challenge to PCAOB Rejected
Australian agreement: The SEC announced another mutual recognition agreement on Monday, this time with the Australian Minister for Superannuation and Corporate Law and the Australian Securities and Investments Commission (”ASIC”). Under the terms of the…
THREE NEW ARS SETTLEMENTS; THE CONCLUSION OF A FINANCIAL FRAUD CASE
On Thursday, the multi-state ARS Task Force announced three additional settlements in the auction rate securities market. The SEC, a participant in one of those settlements, also announced the conclusion of its 2004 financial fraud…
This Week In Securities Litigation (August 22, 2008)
This week the SEC had a significant courtroom win in the jury trial of a financial fraud case, but another serious loss in its PIPE/hedge fund cases. Another settlement was announced in the auction rate…
Part III: Self-Reporting And Cooperation — Key Issues
The Department of Justice, like the SEC, offers the prospect of credit in the charging process in exchange of self-reporting and cooperation. Like the Commission, DOJ defines the question of cooperation in terms of furnishing…
In The Dog Days Of Summer, Its Time To Begin Reforming Enforcement Policies
Its late August when many are on vacation and watching the last days of summer disappear before school starts and the fall rush begins. It’s easy to tell this in Washington because the commuting is…
Part II: Self-Reporting and Cooperation: Key Issues
The question of self-reporting begins with the legal obligations and compulsions, as discussed in the initial segment of this series. A key component of the decision however, is the question of cooperation and cooperation credit.…
Another Settlement In The Auction Rate Securities Market
New York Attorney General Andrew Cuomo and the NASAA multi-state ARS Task Force announced the resolution of another investigation in the auction rates securities market. This settlement is with Wachovia Capital Markets. The agreement announced…
This Week In Securities Litigation (August 15, 2008)
This week, the Exchanges announced a new arrangement to police insider trading in an effort to streamline and enhance current enforcement efforts. At the same time, the SEC moved through its inventory of option backdating…