Financial Fraud Law

Recent Posts

For the SEC, 2013 Was a Very Good Year for Targeting Financial Fraud
Posted on 17 Dec 2013 by Steven A. Meyerowitz

The Securities and Exchange Commission had a very good year targeting financial fraud. Those who commit fraud, not so much. In fiscal year 2013, the SEC’s enforcement actions resulted in a record $3.4 billion in monetary sanctions ordered against... Read More

Final Four in Financial Fraud Law’s Top 10 of the Year Is Coming Next Week!
Posted on 27 Dec 2013 by Steven A. Meyerowitz

The Financial Fraud Law Blog Top 10 countdown is nearing conclusion. You already have seen our picks for #10 down through #5, which we summarize below. Stay tuned for the final four picks, coming right after the New Year! We wish all of the readers... Read More

BREAKING NEWS: Jury Convicts Martoma in One of Largest Insider Trading Cases Ever
Posted on 6 Feb 2014 by Steven A. Meyerowitz

A federal jury in Manhattan has convicted Mathew Martoma of SAC Capital Advisors LP of insider trading in what prosecutors have characterized as one of the largest insider trading schemes in history. More to follow… Contact the author at... Read More

#1 in Financial Fraud Law: US Attorney Preet Bharara
Posted on 3 Jan 2014 by Steven A. Meyerowitz

When we here at the Financial Fraud Law Blog think about financial fraud law, it does not take long before we think about the U.S. Attorney for the Southern District of New York, Preet Bharara. In a little over four years as U.S. Attorney – following... Read More

Wall Street Firms Agree to Stop Cooperating with Analyst Surveys
Posted on 26 Feb 2014 by Steven A. Meyerowitz

A number of prominent Wall Street firms have reached interim agreements with New York Attorney General Eric T. Schneiderman to stop their practice of cooperating with analyst surveys administered by what Schneiderman characterized as “certain elite... Read More

Big Firm Lawyer, Convicted of Insider Trading and Jailed, Is Now Disbarred in DC
Posted on 25 Nov 2013 by Steven A. Meyerowitz

The fall of Matthew Kluger is now complete. An attorney who worked over the years at some of the nation’s most prominent law firms – Cravath, Swaine & Moore; Skadden, Arps, Slate, Meagher & Flom; Fried, Frank, Harris, Shriver &... Read More

Prosecutors’ Rush to Join Private Law Firms Accelerates
Posted on 30 Jan 2014 by Steven A. Meyerowitz

The wave of financial fraud prosecutors joining private law firms is continuing – in fact, it appears to be accelerating. Consider that, in just the past couple of days, David Meister, who ran the enforcement unit at the Commodity Futures... Read More

Corporate Audit Director Charged with Securities Fraud for Allegedly Engaging in Insider Trading
Posted on 30 Jan 2014 by Steven A. Meyerowitz

A certified public accountant who was involved in the auditing process at a publicly traded company based in Chicago has been indicted on federal fraud charges for allegedly engaging in insider trading of the company’s securities that made him an... Read More

The ‘B’ Word is #5 in Financial Fraud Law for the Year
Posted on 27 Dec 2013 by Steven A. Meyerowitz

Consider these recent financial fraud-related settlements: - SAC Capital Pleads Guilty to Insider Trading and Will Pay $1.8 Billion; - Johnson & Johnson to Pay More than $2.2 Billion to Resolve Criminal and Civil Investigations; - Rabobank... Read More

Law Clerk and Stockbroker Charged with Trading on Inside Information Stolen from Prominent New York Law Firm
Posted on 19 Mar 2014 by Steven A. Meyerowitz

The managing clerk of the New York office of Simpson Thacher & Bartlett LLP – a prominent, international law firm – and a professional stockbroker who worked at Oppenheimer & Co. and Morgan Stanley have been arrested and charged with... Read More

‘Cheating’ Mathew Martoma Now a ‘Convicted Felon,’ Preet Bharara Says
Posted on 6 Feb 2014 by Steven A. Meyerowitz

U.S. Attorney Preet Bharara (pictured) issued a statement following the conviction of Mathew Martoma for insider trading that is worth reading: “As the jury unanimously found, Mathew Martoma cultivated and purchased the confidence of doctors... Read More

‘Insider Trading 2.0’ Investigation Leads BlackRock to Agree to End Its ‘Analyst Survey Program’
Posted on 9 Jan 2014 by Steven A. Meyerowitz

BlackRock – the world’s largest asset manager – has reached an agreement with New York Attorney General Eric T. Schneiderman under which it will permanently discontinue the practice of systematically surveying Wall Street analysts for... Read More

Sequestration May Lead to Increase in Financial Fraud and Other Crimes, Preet Bharara Warns
Posted on 3 Dec 2013 by Steven A. Meyerowitz

The U.S. Attorney for the Southern District of New York, Preet Bharara, knows about prosecuting financial fraud, and other federal crimes. So, when he warns that sequestration is severely harming the ability of his office to meet its mission, we all should... 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