Follow

Government/Regulatory Enforcement Blog

Articles: 1-10 of 168

California District Court Allows Novel SEC Insider Trading Theory To Proceed

USA - January 19 2022 On January 14, 2022, Judge William Orrick of the United States District Court for the Northern District of California issued an order denying a…

Company Acquired By SPAC Agrees To Pay $125 Million To Settle SEC Probe Months After CEO Was Charged With Fraud

USA - January 11 2022 On December 21, 2021, the Securities and Exchange Commission (SEC) announced that Nikola Corporation—a publicly traded company that develops…

Federal Court Dismisses SEC Insider Trading Case, Holding That Suspicious Trading Plus Evidence Of Relationship And Communications With Insider Are Insufficient Basis To Get To A Jury

USA - December 21 2021 On December 13, 2021, U.S. District Court Judge Claude Hilton, of the Eastern District of Virginia, dismissed the Securities and Exchange…

SEC Enforcement In FY 2021 Included Significant Actions In Traditional And Emerging Areas And Over $1 Billion In Whistleblower Awards

USA - November 24 2021 On November 18, the U.S. Securities and Exchange Commission (“SEC”) announced its enforcement results for the 2021 fiscal year, which ended on…

Consulting Firm Settles Allegations That It Had Inadequate Procedures For Handling Of MNPI Between Units

USA - November 24 2021 On November 19, 2021, the Securities and Exchange Commission (“SEC”) announced that an affiliate of McKinsey & Company (“McKinsey”), McKinsey…

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…