Category Archives: SEC Investigation

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

He Can’t Just Reboot To Fix This Problem: IT Guy at Coffee Company Accused of Insider Trading by SEC

Posted on August 13, 2013 by

One thing I miss about my former BigLaw firm is having the IT department around to help when something goes wrong with my computer. One thing I don’t miss is having the IT department tell me to reboot my computer … Continue reading →

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

New Technology, Old-School Fraud: SEC Goes After Bitcoin-Based Ponzi Scheme

Posted on August 2, 2013 by

A confession: I picked this post topic because I kept seeing articles about Bitcoins and still did not understand what the heck they were. So I figured that if I wrote a post about it, then I’d be forced to … Continue reading →

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

The Devil’s in the Details: The SEC’s Case Against Steven A. Cohen

Posted on July 30, 2013 by

We’ve all seen the headline: “SEC charges S.A.C. Capital’s Steven A. Cohen.” There has been so much press about this investigation, particularly the criminal side of it, that it almost feels as though the SEC had to charge him or … Continue reading →

Posted in Insider Trading, SEC Investigation | Leave a comment

What is the SEC’s “Cross-Border Working Group”? This Chinese Company’s Executive Is Getting a Tough Lesson

Posted on July 12, 2013 by

You may not have heard of the SEC’s Cross-Border Working Group but if you are a company with substantial foreign operations that trades in the United States, chances are the Working Group has heard of you. Since it began, the … Continue reading →

Posted in Commercial Bribery, SEC Investigation, Securities fraud | Tagged | Leave a comment