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USA - November 20 2012
A Texas federal judge denied defendants ArthoCare CEO Michael A. Baker and CFO Michael T. Gluk’s motion to dismiss the SEC’s claim against them under Sarbanes-Oxley (“SOX”) Section 304’s clawback provision.
USA - March 8 2012
On February 13, 2012, the Obama administration proposed large budget increases for key financial market regulators, including the SEC and CFTC.
USA - February 27 2012
Commissioners and other top officials of the Securities and Exchange Commission addressed the public on February 24-25 at the annual SEC Speaks conference in Washington, D.C.
USA - May 31 2011
In the past year, several class action lawsuits have been filed in California claiming that employee trading policies of broker-dealers, which require employees to generally maintain their personal brokerage accounts in-house, violates a California law that prohibits employers from forcing employees to patronize the employer
USA - November 29 2010
On November 24, 2010, Judge Richard J. Holwell of the Southern District of New York denied defendant Raj Rajaratnam's motion to suppress the government's wiretaps in the highly publicized Galleon insider trading case, allowing the admissibility of volumes of wiretap recordings to be used as evidence for the first time in a criminal insider trading case.
