This week, the Supreme
Court handed down its decision in Merck
on the statute of limitations in securities fraud damages actions.
Nevertheless, the spotlight remains on Goldman and the SEC's case against the
firm. Congressional hearings were held. The SEC received a letter requesting
The Supreme Court handed down two significant rulings as the
week came to a close. In one, it rejected constitutional challenges to the
honest services fraud statute which is frequently used in white collar
prosecutions. In a second, the High Court rejected the Second Circuit's
As the SEC continues to implement the Dodd-Frank Act,
Commissioner Luis Aguilar outlined five key principles to guide the
deliberations and actions of the agency. "An Insider's View of the SEC:
Principles to Guide Reform," available
Principle one :
Investor protections should...