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Government/Regulatory Enforcement Blog

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FTC Secures Large Restitution Award In Shadow Of Pending

USA - February 3 2021 On January 21, 2021, the Federal Trade Commission (“FTC”) announced that a federal district court in Maryland entered final orders granting the FTC a…

SEC Invites Comment On Possible SEC Staff Participation In Undercover Fraud-Detection Program

USA - February 3 2021 On January 7, 2021, the Securities & Exchange Commission (“SEC”) issued an unusual statement inviting comments on a proposal to create a…

Insider Trading Decision, Providing Opportunity For Further Clarity By Second Circuit

USA - January 26 2021 On January 11, 2021, the Supreme Court vacated the Second Circuit’s decision in United States v. Blaszczak, 947 F.3d 19 (2d Cir. 2019), remanding the…

National Defense Authorization Act Passed Over President Trump’s Veto Expands SEC’s Disgorgement Authority And Reforms Anti-Money Laundering Laws

USA - January 13 2021 On January 1, 2021, the National Defense Authorization Act for Fiscal Year 2021 (“NDAA”) was approved by Congress, over the objections of President…

National Defense Authorization Act Passed Over President Trump’s Veto Expands SEC’s Disgorgement Authority And Reforms Anti-Money Laundering Laws

USA - January 13 2021 On January 1, 2021, the National Defense Authorization Act for Fiscal Year 2021 ("NDAA") was approved by Congress, over the objections of President…

Broker-Dealer Settles SEC Claims Alleging Violations Of The Duty Of Best Execution And Related Misstatements

USA - December 22 2020 On December 17, 2020, the Securities and Exchange Commission (“SEC”) announced the filing of settled administrative proceedings against a significant…

Energy Company Agrees To Pay Over $150 Million To DOJ, CFTC, And Foreign Regulator To Resolve Coordinated FCPA Allegations

USA - December 8 2020 On December 3, 2020, the U.S. Department of Justice (“DOJ”) announced that a Texas-based subsidiary of the Swiss energy trading company (“the…

Public Company Settles with SEC Over Misleading COVID-19-Related Disclosures

USA - December 8 2020 On December 4, The Cheesecake Factory Incorporated (“the Company”) agreed to settle claims brought by the Securities and Exchange Commission (the…

Motion To Dismiss Filed In Eastern District Of New York Case Could Provide Opportunity For Clarity On Scope Of FCPA’s “Internal Accounting Controls” Provisions

USA - December 1 2020 On November 20, 2020, lawyers for a former investment banker, indicted in the United States District Court for the Eastern District of New York for…

Beverage Company Agrees To Pay $19.6 Million And Enter DPA To Resolve FCPA Charges With The DOJ, In Follow-Up To SEC Action That Had Starkly Different Tone

USA - November 3 2020 On October 27, 2020, the U.S. Department of Justice (“DOJ”) announced that a Chicago-based company that produces and sells distilled beverages (the…