Category Archives: SEC Investigation

That Time the SEC Got It Right

Posted on April 28, 2016 by

The NewYorker recently published an interesting article, “Why the SEC Didn’t Hit Goldman Sachs Harder.” The article posits that the SEC let individual executives on Wall Street off the hook for securities fraud after the financial crisis. The article offers … Continue reading →

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The SEC Finally Surrenders in Insider Trading Case

Posted on October 20, 2015 by

The SEC finally gave up the ship in its insider trading case against former hedge fund managers Anthony Chiasson and Todd Newman. After the Second Circuit reversed their convictions and the Supreme Court denied cert, the SEC decided not to … Continue reading →

Posted in Appeal, Insider Trading, SEC Investigation | Tagged | Leave a comment

The Problem With Perks – SEC Cracks Down on Disclosure of Executive Compensation

Posted on April 21, 2015 by

There’s no question that corporate executives enjoy certain perks. They come with the job, right? The government can’t outlaw corporate perks, but the SEC has cracked down on the proper disclosure of them. It recently sued the former CEO of … Continue reading →

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A Look-Back Review Gone Wrong – SEC Charges Wells Fargo Compliance Consultant with Altering Records Related to Insider Trading

Posted on October 24, 2014 by

The SEC has charged Judy Wolf, a former compliance consultant for Wells Fargo Advisors, with falsifying records that were submitted to the SEC during the investigation of a registered Wells Fargo representative. Ms. Wolf allegedly falsified her internal investigation logs … Continue reading →

Posted in Insider Trading, Obstruction, SEC Investigation | Tagged | Leave a comment

Why Is It So Hard To Defend Against Insider Trading Charges? Qualcomm Employees Face SEC and Criminal Charges

Posted on May 28, 2014 by

In February 2014, Chinese antitrust regulators announced that they suspected wireless technology company Qualcomm Inc. of overcharging its customers and abusing its powerful market position. According to reports, Qualcomm could face fines of up to $1 billion (cue Austin Powers-like … Continue reading →

Posted in Indictment, Insider Trading, SEC Investigation, Securities fraud, Uncategorized | Tagged | 2 Comments

Was There a Fox in the Henhouse? Corporate Auditor at Public Company Charged with Insider Trading

Posted on February 12, 2014 by

As someone who handles litigation and white-collar criminal matters, I’m often troubled by my clients’ corporate audit department. It will author lengthy, non-privileged reports about processes at companies that don’t work. Those reports put everyone on notice about those failing … Continue reading →

Posted in Indictment, Insider Trading, SEC Investigation | Tagged | 2 Comments

What Does the TD In TD Bank Stand For? Also, Did TD Bank’s Vice President Help Scott Rothstein’s Ponzi Scheme?

Posted on October 10, 2013 by

The SEC and the Office of the Comptroller of the Currency both claimed that TD Bank assisted Scott Rothstein—the Florida lawyer currently serving 50 years in prison for a Ponzi scheme—with committing fraud. The OCC contended that TD Bank violated … Continue reading →

Posted in Investor fraud, SEC Investigation, Securities fraud | Tagged , , | 1 Comment

Seven Fun Ways To Commit Insider Trading

Posted on September 24, 2013 by

There have been several high-profile insider trading cases recently. I can’t do justice to the facts of all the recent cases, but here’s a quick sampling of some of the more interesting cases. 1.         Use a Facebook Friend.  Badin Rungruangnavarat, … Continue reading →

Posted in Conviction After Jury Trial, Insider Trading, SEC Investigation, SEC Settlement, Securities fraud, Sentencing | 1 Comment

Maybe the Third Time’s a Charm: SEC Charges Oppenheimer Private Equity Fund Manager with Misleading Investors

Posted on September 3, 2013 by

The website for private investment company Oppenheimer & Co. says the company traces its roots back to the 1870s and a gentleman named Harris C. Fahnestock. Mr. Fahnestock was apparently an investment advisor to President Abraham Lincoln. The website carefully … Continue reading →

Posted in SEC Investigation, SEC Settlement, Securities fraud | Tagged | 1 Comment

First Is the Worst: SEC Forces Hedge Fund Manager To Admit Wrongdoing Under New Policy

Posted on August 22, 2013 by

It’s not often that someone wishes the government investigated him earlier. But Philip Falcone, the hedge fund advisor for Harbinger Capital, may be wishing exactly that. Mr. Falcone and Harbinger Capital recently agreed to settle an SEC investigation against them … Continue reading →

Posted in SEC Investigation, SEC Settlement, Securities fraud | Tagged | 2 Comments