Financial Fraud Law

Recent Posts

The SEC’s Agenda for This Year? Here It Is…
Posted on 10 Jan 2014 by Steven A. Meyerowitz

The Securities and Exchange Commission has just announced its examination priorities for 2014, which cover a wide range of issues at financial institutions, including investment advisers and investment companies, broker-dealers, clearing agencies, exchanges... Read More

A Clue About #8 in Financial Fraud Law for the Year: Look at Bryan Cave’s Next Firm-Wide Leader
Posted on 26 Dec 2013 by Steven A. Meyerowitz

As the Financial Fraud Law Blog continues its countdown of the Top 10 in Financial Fraud Law for the year, we are going to begin with a clue: Bryan Cave. Give up? The clue is relevant to our Top 10 list because the international law firm has just... Read More

‘Maybe Just Whistle’: #7 in Financial Fraud Law for the Year
Posted on 26 Dec 2013 by Steven A. Meyerowitz

“You know you don’t have to act with me, Steve. You don’t have to say anything, and you don’t have to do anything. Not a thing. Oh, maybe just whistle. You know how to whistle, don’t you, Steve? You just put your lips together... Read More

Illegal Parking Alleged by Two Wall Street Traders
Posted on 6 Feb 2014 by Steven A. Meyerowitz

The Securities and Exchange Commission has brought charges against two Wall Street traders allegedly involved in a fraudulent “parking” scheme in which one temporarily placed securities in the other’s trading book to avoid penalties... Read More

Trading in 255 Dormant Shell Companies Suspended by SEC
Posted on 3 Feb 2014 by Steven A. Meyerowitz

In a microcap fraud-fighting initiative that the Securities and Exchange Commission refers to as Operation Shell-Expel , the SEC has suspended trading in 255 dormant shell companies that it said were “ripe for abuse in the over-the-counter market... Read More

KPMG Charged with Violating Auditor Independence Rules
Posted on 24 Jan 2014 by Steven A. Meyerowitz

The Securities and Exchange Commission has charged public accounting firm KPMG with violating rules that require auditors to remain independent from the public companies they are auditing to ensure they maintain their objectivity and impartiality. ... Read More

3 Key Takeaways from Securities Class Action Filings Report
Posted on 29 Jan 2014 by Steven A. Meyerowitz

Once again, Cornerstone Research and the Stanford Law School Securities Class Action Clearinghouse have prepared an annual report on the securities class action filings. And, once again, the report, Securities Class Action Filings—2013 Year in Review... Read More

Michael Osnato Becomes Chief of SEC Enforcement Division’s Complex Financial Instruments Unit
Posted on 8 Jan 2014 by Steven A. Meyerowitz

Michael J. Osnato, Jr., has been named chief of the Securities and Exchange Commission’s Enforcement Division unit that conducts investigations into complex financial instruments. Osnato, who joined the SEC staff in 2008 and who has served as... Read More

Yes, We Admit It! We Now Have #3 in Financial Fraud Law
Posted on 2 Jan 2014 by Steven A. Meyerowitz

For decades, when a company agreed to settle financial fraud-related charges with the Securities and Exchange Commission, the company typically would pay a fine. Sometimes a large one. The company also typically would insist on a provision in the settlement... Read More

Merrill Lynch Settles SEC Charges of Misleading CDO Investors, and Will Pay $131 Million
Posted on 12 Dec 2013 by Steven A. Meyerowitz

Merrill Lynch, charged by the Securities and Exchange Commission with making faulty disclosures about collateral selection for two collateralized debt obligations (CDO) that it structured and marketed to investors, and with maintaining inaccurate books... Read More

Broker Burned by Burger King Stock Tips
Posted on 16 Jan 2014 by Steven A. Meyerowitz

A former stockbroker who was charged by the Securities and Exchange Commission with misappropriating material nonpublic information from his customer and using it to trade Burger King Holding, Inc.’s securities and to tip others before the company’s... Read More